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Risk measures based on behavioural economics theory

Mao, Tiantian; Cai, Jun - In: Finance and stochastics 22 (2018) 2, pp. 367-393

Persistent link: https://www.econbiz.de/10011945793

Hierarchical maximum likelihood parameter estimation for cumulative prospect theory : improving the reliability of individual risk parameter estimates

Murphy, Ryan O.; Brincke, Robert H. W. ten - In: Management science : journal of the Institute for … 64 (2018) 1, pp. 308-326

Persistent link: https://www.econbiz.de/10011819575

Insurance premium-based shortfall risk measure induced by cumulative prospect theory

Zhang, Sainan; Xu, Huifu - In: Computational management science 19 (2022) 4, pp. 703-738

Persistent link: https://www.econbiz.de/10013447511

Mutual optimism and risk preferences in litigation

Hylton, Keith N. - In: International review of law and economics 75 (2023), pp. 1-12

Persistent link: https://www.econbiz.de/10014461597

Poverty and welfare measurement on the basis of prospect theory

Jäntti, Markus; Kanbur, Ravi; Nyyssöla, Milla; … - In: The review of income and wealth : journal of the … 60 (2014) 1, pp. 182-205

Persistent link: https://www.econbiz.de/10010457532

Poverty and welfare measurement on the basis of prospect theory

Jäntti, Markus; Kanbur, Ravi; Nyyssölä, Milla; … - 2012

This paper examines the measurement of social welfare, poverty and inequality taking into account features that have been found to be important welfare determinants in behavioural economics. Most notably, we incorporate reference-dependence, loss aversion and diminishing sensitivity - aspects...