Postmodern Portfolio Theory

Reviews / Votes

"Chen's work offers an unparalleled view of portfolio theory and its subtleties from one of America's leading experts in the field. A must read." (Chris Brummer, Professor and Director, Institute of International Economic Law, Georgetown University Law Center, USA)

"Chen offers fascinating insight into the fundamentals of corporate finance and behavioral economics. His arguments are rooted in a deep understanding of these fields and showcase a commanding ability to re-conceptualize long-held theories and assumptions in corporate finance through the lens of behavioral economics. He brings enormous depth of understanding to develop arguments that will leave a lasting mark on how we think about corporate finance, investment strategy, and the role of finance in the economy." (Yesha Yadav, Associate Professor of Law, Vanderbilt University Law School, USA)

"Chen describes important advances in our understanding of markets and behavior. This book is a comprehensive guideto the 'postmodern' approach to finance." (José-María Montero Lorenzo, Professor of Statistics, University of Castille-La Mancha, Spain)

"Behavioral finance may not be the "mainstream" asset pricing theory taught and researched, but it has been embraced for decades by financial professionals. Chen provides not only a comprehensive discussion on the risk aversion phenomena observed in markets, but also suggests an innovative approach for understanding and measuring its components." (Merav Ozair, Assistant Professor of Finance Risk Engineering, New York University, USA)