Return, risk measures and multicriteria decision support for portfolio selectionReturn, risk measures and multicriteria decision support for portfolio selection Αφίσα σε Συνέδριο Conference Poster 2015-10-291993enRisk a basic parameter of portfolio selection and its modelling involves some difficulties. Thus, more and more researchers try to find a solution to this problem proposing other measures than the classic ones used in portfolio selection. On the other hand, Multicriteria Decision Aid has known a big development in recent years and we think that among other advantages. multicriteria decision aid can give a satisfactory answer to the aforementioned problem; especially because it permits distinguishing the loss risk (risk to obtain a return below the expected return) from the gain opportunities (opportunities to obtain a return above the expected return). On this basis the aim of this paper is to propose a new methodology for portfolio selection and management.http://creativecommons.org/licenses/by/4.0/343-3572nd Balkan Conference on Operational Research Zopounidis Konstantinos Ζοπουνιδης Κωνσταντινος Hurson, Christian Capability, Financial (Financial literacy) Financial capability (Financial literacy) Literacy, Financial financial literacy capability financial financial literacy financial capability financial literacy literacy financial