{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,10,24]],"date-time":"2025-10-24T13:21:08Z","timestamp":1761312068919,"version":"build-2065373602"},"reference-count":45,"publisher":"MDPI AG","issue":"10","license":[{"start":{"date-parts":[[2024,9,25]],"date-time":"2024-09-25T00:00:00Z","timestamp":1727222400000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"funder":[{"name":"UCSC"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Axioms"],"abstract":"<jats:p>The main objective of this article is to present the formulation of a Capital Asset Pricing Model ordered weighted average CAPMOWAand its extensions, called CAPM-induced OWA (CAPMIOWA), CAPM Bonferroni OWA (CAPMBon-OWA), and CAPM Bonferroni-induced OWA CAPMBon-IOWA. A step-by-step process for applying this new proposal in a real case of formulating investment portfolios is generated. These methods show several scenarios, considering the attitude, preferences, and relationship of each argument, when underestimation or overestimation of the information by the decision maker may influence the decision-making process regarding portfolio investments. Finally, the complexity of the method and the incorporation of soft information into the modeling process lead to generating a greater number of scenarios and reflect the attitudes and preferences of decision makers.<\/jats:p>","DOI":"10.3390\/axioms13100660","type":"journal-article","created":{"date-parts":[[2024,9,26]],"date-time":"2024-09-26T08:20:52Z","timestamp":1727338852000},"page":"660","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":1,"title":["Capital Asset Pricing Model and Ordered Weighted Average Operator for Selecting Investment Portfolios"],"prefix":"10.3390","volume":"13","author":[{"given":"Cristhian R.","family":"Uzeta-Obregon","sequence":"first","affiliation":[{"name":"Unidad Culiacan, Universidad Autonoma de Occidente, Culiac\u00e1n 80020, Sinaloa, Mexico"}]},{"given":"Tanya S.","family":"Garcia-Gastelum","sequence":"additional","affiliation":[{"name":"Unidad Culiacan, Universidad Autonoma de Occidente, Culiac\u00e1n 80020, Sinaloa, Mexico"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-4445-076X","authenticated-orcid":false,"given":"Pavel A.","family":"Alvarez","sequence":"additional","affiliation":[{"name":"Unidad Culiacan, Universidad Autonoma de Occidente, Culiac\u00e1n 80020, Sinaloa, Mexico"}]},{"given":"Cristhian","family":"Mellado-Cid","sequence":"additional","affiliation":[{"name":"Faculty of Economics and Administrative Sciences, Universidad Cat\u00f3lica de la Sant\u00edsima Concepci\u00f3n, Concepci\u00f3n 4081393, Chile"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-9462-6498","authenticated-orcid":false,"given":"Fabio","family":"Blanco-Mesa","sequence":"additional","affiliation":[{"name":"Faculty of Economic and Administrative Sciences, School of Business Administration, Universidad Pedagogica y Tecnologica de Colombia, Tunja 150003, Colombia"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-0087-2226","authenticated-orcid":false,"given":"Ernesto","family":"Leon-Castro","sequence":"additional","affiliation":[{"name":"Faculty of Economics and Administrative Sciences, Universidad Cat\u00f3lica de la Sant\u00edsima Concepci\u00f3n, Concepci\u00f3n 4081393, Chile"}]}],"member":"1968","published-online":{"date-parts":[[2024,9,25]]},"reference":[{"key":"ref_1","unstructured":"(2024, May 21). 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