Financial assets and financial markets -- Overview of risks and risk management -- Overview of market participants -- Depository institutions -- Insurance companies and defined benefit pension plans -- Managers of collective investment vehicles -- Investment banking firms -- Primary and...

This paper theoretically and empirically investigates the connection between portfolio theory and ordering theory. In particular, we examine three different portfolio problems and the respective orderings used to rank investors' choices: (1) risk orderings, (2) variability orderings, and (3)...