Downside financial risk is misunderstood
The mathematics of downside financial risk can be difficult to understand: For example a 50% loss requires a subsequent 100% gain to break-even. A given percentage loss always requires a greater percentage gain to break-even. Instead, many non-expert investors may assume for example that a 50% gain...
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| Format: | Article |
| Language: | English |
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Society for Judgment and Decision Making
2016-09-01
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| Series: | Judgment and Decision Making |
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| Online Access: | http://journal.sjdm.org/16/16222/jdm16222.pdf |