The purpose of this paper is to identify the main factors professional fund managers in Québec take into consideration when assessing the riskiness of their investment in common stocks. L’objet de cet article est d’identifier les principaux facteurs que les gestionnaires professionnels de...

The purpose of this paper is to verify if some risk-return characteristics of mutual funds are clearly related to their size. Assuming a multidimensional setting where various funds characteristics can be explicitly and simultaneously considered. The paper applies PROMETHEE methodology, based on...

We introduce a new distance measure between two preorders that captures indifference, strict preference, weak preference and incomparability relations. This measure is the first to capture weak preference relations. We illustrate how this distance measure affords decision makers greater modeling...

In this paper, we address the dynamic and multi-criteria decision-making problems under uncertainty, generally represented by multi-criteria decision trees. Decision-making consists of choosing, at each period, a decision that maximizes the decision-maker outcomes. These outcomes should often be...

The neo-classical economic theory of the consumer behavior defines a utility function in terms of a global number of characteristics a product process or the result of several purchase activities. Every consumer can be in the context of an inefficient consumption function if the choice of the...