Utility, Indifference Curves, Currency Portfolio Management and How to Balance Their Thoughts Under the Greek Christian Orthodox Approach

In this article, we analyze the utility function, the different indifference curves, currency portfolio management and how to balance their thoughts under the Greek Christian Orthodox approach. We are focusing on how irrational investors form investment decisions. According to the Orthodox model, irrational investors trade on wrong information that was created from inability to manipulate their thoughts. Thus, the Capital Asset Pricing Model holds in a strong form of market efficiency by adding the assumption of the Orthodox religious factors. Barberis, Shleifer, and Vishny, (1998) constructed an investor sentiment model based on psychological theories, (Conservatism and the representativeness heuristic), of underreaction and overreaction documented by Griffin and Tversky, (1992), Tversky and Kahneman, (1974) and not on mathematical Orthodox religious factors. Their model focused on how investors form expectations of future earnings based on forecasts documented by psychological theorists. Investors showed attention to the strength of the evidence and little attention to the statistical weight. News with more strength will generate bigger reactions from investors