. For example, the nature of monotonicity of the indifference curve depends on the underlying mean. Price hedging decisions … hedging decisions within the prospect theory. We illustrate our general considerations with a thoroughly worked out example …. -- Prospect theory ; mean-variance model ; indifference curve ; price uncertainty ; hedging …

Within the prospect theory the paper examines production and hedging decisions of a competitive firm under price …

This paper examines the production and hedging decisions of the competitive firm under price uncertainty when the firm … is not only risk averse but also regret averse. Regret-averse preferences are characterized by a modified utility … difference between the actual profit and the maximum profit attained by making the optimal production and hedging decisions had …

uncertainty and hedging opportunities. Market transparency is modeled by means of the informational content of publicly observable …

. For example, the nature of monotonicity of the indifference curve depends on the underlying mean. Price hedging decisions … hedging decisions within the prospect theory. We illustrate our general considerations with a thoroughly worked out example. …

Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial … environment in which firms operate. Corporate managers, however, rank risk management as one of their most important objectives … literature and analyses the implications for risk management practice. It is distinguished between two competing approaches to …