utility" theory of investor behavior, which posits that people derive utility directly from the act of realizing gains and … exhibit a strong disposition effect in their trading, even though it is suboptimal. Consistent with the realization utility … options during choices, correlates with the capital gains of potential trades; that the neural measures of realization utility …

recipient chooses how to allocate her time-limited endowment of benefits so as to maximize her expected lifetime utility. Not …

previous literature. Using financial calculations and simulations based on an expected utility maximization model, we show that …

-driven equilibria under general utility functions within an OLG structure. Our paper further shows that the existence of sentiment …

We present a theory of choice among lotteries in which the decision maker's attention is drawn to (precisely defined … distinguish it from Prospect Theory, which we test. We also use the model to modify the standard asset pricing framework, and use …

inconsistent with subjective expected utility theory (SEU), the standard model of choice under uncertainty in financial economics …

approximation to the expected utility of the representative household in a model of this kind is related inversely to the expected …

beyond those of expected utility theory. It is shown that the curvature of the utility function is directly related to the …