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
© University of Szczecin
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.
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.