Multiple mental account portfolio's VaR model and fund risk management based on Copula theory
基于Copula理论的多心理帐户组合VaR模型与基金风险管理

We improve the VaR model based on Copula theory and Shefrin and Statman's behavior portfolio theory and multiple mental account theory,adding the subjective parameters reflecting risk manager's expectation and risk attitude,such that risk measurement and management can be built on theNew 3P-Probability,Prospect and Preference.Then we give a new approach to risk forecasting and optimizing of investment weight for fund portfolios.