According to disposition effect theory, people hold losing investments too long. However, many investors eventually … study integrates prospect theory, utility maximization theory, and theory on reference point adaptation to argue that the …

advantage of well-researched alternative behavioural patterns. Prospect theory provides a number of climate-relevant insights … outcomes. This paper systematically reviews what prospect theory can offer to analyse mitigation and adaptation. It is shown …

incentives. We estimate the parameterized models in the framework of cumulative prospect theory and examine the risk aversion … elderly group's behavior departs more from the traditional expected utility theory than does the young group's behavior. …

Will college students who set goals for themselves work harder and perform better? In theory, setting goals can help … also find that task-based goals were more effective for male students. We develop new theory that reinforces our empirical …

finance and prospect theory context have revealed that risk and return are not positively correlated, but are negatively … positively correlated in above target return companies. These findings exhibit that implications of prospect theory with respect … subdivided into five segments or sections, results change and show a mixed pattern. Implications of prospect theory with regard …

In previous models of (cumulative) prospect theory reference-dependence of preferences is imposed beforehand and the … location of the reference point is exogenously determined. This note provides a foundation of prospect theory, where reference …

prospect theory and, according to Daniel Kahneman, "the most significant contribution of psychology to behavioral economics …" (Kahneman, 2011, p. 300). It has powerful implications for decision theory and has been fruitfully applied in many subfields of …