Money management
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Money management is used in Investment management and deals with the question of how much risk a decision maker should take in situations where uncertainty is present. More precisely what percentage or what part of the decision maker's wealth should be put into risk in order to maximize the decision maker's utility function.
Money management gives practical advice among others for gambling and for stock trading as well.
Money management can mean gaining greater control over outgoings and incomings, both in personal and business perspective. Greater money management can be achieved by establishing budgets and analysing costs and income etc.
[edit] See also
[edit] References
Harris, Michael. "Facing the facts of risk and money management", Trading Strategies, Active trader, May 2002, pp. 33. Retrieved on 2006-11-19.
[edit] Further reading
Balsara, Nauzer J. (1992). Money Management Strategies for Futures Traders. Wiley Finance. ISBN 0-471-52215-5. Retrieved on 2006-10-29.
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