A Subjective Assessment of Approximate Probabilities with a Portfolio Application
Research in International Business and Finance 21(2), 134- 160, April 2007
Gady Jacoby, Ph.D. Department of Finance
Smimou Kamal and C. R. Bector
This paper extends the assessment of approximate probabilities in two important directions, considers the derivation of portfolio modeling under a fuzzy situation using probability theory and provides various other (non-probabilistic) scenarios with their utility in risk modeling.