A Pattern for Portfolio Optimization in A Speculative Bubble Condition According to Mental Accounting

The aim of the study "A Pattern for Portfolio Optimization in A Speculative Bubble Condition According to Mental Accounting on companies listed in the Tehran Stock Exchange" is. The 10-year study period listed in the Tehran Stock Exchange during 2006-2015 were analyzed. The data of 110 firms were analyzed by using statistical software Matlab, spss20, Eviews7 and lingo software in the studied years. In this research, mental accounting is based on Fernandez as a moderator variable and the Sharp, Trainer and Jensen criteria, The speculative bubble based on the gilium pattern are used as a risk measurement indicator. The results indicate that the average return on the portfolio in the bubble of speculative space at a certain level of risk is greater than the return on a portfolio of non-bubble based on mental accounting, The second hypothesis was also claimed to be based on the larger average portfolio risk in the bubble of speculation at a certain level of return on the risk of a non-bubble portfolio based on mental accounting.