Kasprowicz, Tomasz; Bednorz, Andrzej - In: E-Finanse : finansowy kwartalnik internetowy 13 (2017) 4, pp. 97-109
how the agent’s risk attitude affects his decisions. This “Threshold Theory” framework is based on a real options approach … influence the agent’s risk attitude. The theory’s predictions help to explain many anomalies that the standard expected utility … model cannot. Threshold Theory can also model behavior in contexts such as individual investor decisions, corporate …