<abstract xmlns="http://www.w3.org/1999/xhtml"><p> This article refers to De Brouwer’s modification of portfolio selection from 2009. He modified the existing portfolio’s theories so that they could take into account the Maslov’s hierarchy of needs. This proposal could be also an alternative concept to the behavioural portfolio theory. Another theoretical concept which includes not only the hierarchy of needs but the pyramid portfolio is presented in this paper as well. The base point in this case is Markowitz’s model and the safety-first criterion by Roy. Such a construction should be a starting point for building an application in this field.</p></abstract>

This article refers to De Brouwer’s modification of portfolio selection from 2009. He modified the existing portfolio’s theories so that they could take into account the Maslov’s hierarchy of needs. This proposal could be also an alternative concept to the behavioural portfolio theory. Another theoretical concept which includes not only the hierarchy of needs but the pyramid portfolio is presented in this paper as well. The base point in this case is Markowitz’s model and the safety-first criterion by Roy. Such a construction should be a starting point for building an application in this field.

The Maslowian Portfolio Theory Versus the Pyramid Portfolio

Assoc. Prof. Szczecin University Mickiewicza 64, 71-101 Szczecin, Poland

Folia Oeconomica Stetinensia

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"The Maslowian Portfolio Theory Versus the Pyramid Portfolio"}

This article refers to De Brouwer’s modification of portfolio selection from 2009. He modified the existing portfolio’s theories so that they could take into...

The Maslowian Portfolio Theory Versus the Pyramid Portfolio

Published Online: Dec 11, 2014

Page range: 91 - 101

Received: Jan 29, 2014

Accepted: Jun 05, 2014

DOI: https://doi.org/10.2478/foli-2014-0107

Keywords
behavioural portfolio theory, Maslowian portfolio

© University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Maslowian Portfolio Theory Versus the Pyramid Portfolio

Published Online: Dec 11, 2014

Page range: 91 - 101

Received: Jan 29, 2014

Accepted: Jun 05, 2014

DOI: https://doi.org/10.2478/foli-2014-0107

Keywordsbehavioural portfolio theory, Maslowian portfolio

© University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
behavioural portfolio theory, Maslowian portfolio