This paper re-examines the performance of REITs, stocks, and fixed-income assets based on the preferences of risk …-averse and risk-seeking investors using mean-variance and stochastic dominance approaches. Our findings indicate no first … order to maximize their expected utility, the risk-averse prefer fixed-income assets over real estate, which, in turn, is …

assumptions alone in measuring risk. Cushioning against risk has always created a plethora of complexities and challenges; hence …, this paper attempts to analyse statistical properties of various risk measures in a not normal distribution and provide a … financial blueprint on how to manage risk. It is assumed that using old assumptions of normality alone in a distribution is not …

were more attractive than in bonds: the risk of shares fell to the risk of bonds, but at the same time, the return of … to 60 months, the risk of shares in Lithuania still remains higher than the risk of bonds, and return of shares is lower … than that of bonds. Risk premium for shares is negative during all the periods exceeding 12 months. The results suggest …