Eom, Cheoljun; Eom, Yunsung; Park, Jong Won - 2023
This study examined the predictive power of performance persistence from the perspective of prospect theory using 12 …-sectional prospect theory value (CSPTV) measurement, designed to reflect cross-sectional comparison across the return distributions for … all stocks, captures this unique information better than the existing prospect theory value (PTV), which is specific to a …