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.