This paper proposes a model for portfolio optimization, in which distributions are characterized and compared on the basis of three statistics: the expected value, the variance and the CVaR at a specified confidence level. The problem is multi-objective and transformed into a single objective...

Second order Stochastic Dominance (SSD) has a well recognised importance in portfolio selection, since it provides a natural interpretation of the theory of risk-averse investor behaviour. Recently, SSD-based models of portfolio choice have been proposed; these assume that a reference distribution...

The paper aims to illustrate that the lack of a sharp distinction between grammatical categories causes certain verbal structures to oscillate between them. During a three-phase evolution cycle the meaning of these constructions suffers important changes due to the semantic shifts they undergo....