Berlinger, Edina; Váradi, Kata - In: Public Finance Quarterly 60 (2015) 1, pp. 49-62
utility function. To this end, we have summarised the fundamental theoretical correlations relating to risk appetite, then … practice not only is it unclear which method is most suitable to gauge investors’ risk appetite, but also to what extent the … subsequent advisory process should be conducted. We first reviewed the methods used in international practice to determine risk …