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Folia Oeconomica Stetinensia

The Journal of University of Szczecin

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The Maslowian Portfolio Theory Versus the Pyramid Portfolio

Prof. Sebastian Majewski
  • Assoc. Prof. Szczecin University Mickiewicza 64, 71-101 Szczecin, Poland
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Published Online: 2014-12-11 | DOI: https://doi.org/10.2478/foli-2014-0107


This article refers to De Brouwer’s modification of portfolio selection from 2009. He modified the existing portfolio’s theories so that they could take into account the Maslov’s hierarchy of needs. This proposal could be also an alternative concept to the behavioural portfolio theory. Another theoretical concept which includes not only the hierarchy of needs but the pyramid portfolio is presented in this paper as well. The base point in this case is Markowitz’s model and the safety-first criterion by Roy. Such a construction should be a starting point for building an application in this field.

Keywords: behavioural portfolio theory; Maslowian portfolio


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About the article

Received: 2014-01-29

Accepted: 2014-06-05

Published Online: 2014-12-11

Published in Print: 2014-06-01

Citation Information: Folia Oeconomica Stetinensia, ISSN (Online) 1898-0198, DOI: https://doi.org/10.2478/foli-2014-0107. Export Citation

© University of Szczecin. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License. (CC BY-NC-ND 3.0)

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