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under uncertainty is expected to help people take the best decision. However, the widely used expected utility theory values … consequences. By properly assessing the outcomes involved - especially those concerning human life - economic theory of choice …'s unwillingness to accept a low probability of death, contrary to expected utility predictions. This work uses new axioms of choice …
Persistent link: https://www.econbiz.de/10009645480
under uncertainty is expected to help people take the best decision. However, the widely used expected utility theory values … consequences. By properly assessing the outcomes involved – especially those concerning human life – economic theory of choice …'s unwillingness to accept a low probability of death, contrary to expected utility predictions. This work uses new axioms of choice …
Persistent link: https://www.econbiz.de/10010608174
principles of <i>Expected Utility Theory</i> (EUT) and of <i>Portfolio Selection Theory</i> (PST). The experiment is performed …
Persistent link: https://www.econbiz.de/10004968234
Much experimental effort has been expended in attempts to establish the relative superiority of Expected Utility theory …€˜best’ theory emerges as a result of such repetition. We find that for some subjects this does indeed appear to be the case, while …
Persistent link: https://www.econbiz.de/10005809914
This paper proposes an experiment about the attitude toward probabilities on a population of portfolio managers. Its aim is to check whether or not portfolio managers are neutral toward probabilities. Meanwhile, it presents a experimental protocole that highlights an inconsistency between two...
Persistent link: https://www.econbiz.de/10005696763
This paper proposes an experiment about the attitude toward probabilities on a population of portfolio managers. Its aim is to check whether or not portfolio managers are neutral toward probabilities. Meanwhile, it presents a experimental protocole that highlights an inconsistency between two...
Persistent link: https://www.econbiz.de/10010738619
The linear plus exponential utility function has received increasing attention of late as a particularly attractive …
Persistent link: https://www.econbiz.de/10009197823
According to G. Becker, the expected utility model (EUM) is the most powerful social sciences can use. The main reason …
Persistent link: https://www.econbiz.de/10011187195
Persistent link: https://www.econbiz.de/10005037412
Private investors increasingly use passive investment strategies, i.e. investment methods that try to replicate a stock market index as accurate as possible. In this paper we compare retail index certificates and exchange traded funds. Both investment products promise a performance that...
Persistent link: https://www.econbiz.de/10010995156