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Decision making under uncertainty : tests of the expected utility and prospect theory models
Lattimore, Pamela K. - 1987
Persistent link: https://www.econbiz.de/10000754387
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Axiomatic reference-dependence in behavior toward others and toward risk
Neilson, William - In: Economic theory : official journal of the Society for … 28 (2006) 3, pp. 681-692
Persistent link: https://www.econbiz.de/10003347038
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Prospect theory and hedging risks
Broll, Udo; Egozcue, Martín; Wong, Wing Keung; … - 2010
The prospect theory is one of the most popular decision-making theories. It is based on the S-shaped utility function, unlike the von Neumann and Morgenstern (NM) theory, which is based on the concave utility function. The S-shape brings in mathematical challenges: simple extensions and...
Persistent link: https://www.econbiz.de/10003980000
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The future of global warming : will it be emissions control or environmental damages?
Ranjan, Ram - In: Mitigation and adaptation strategies for global change … 13 (2008) 4, pp. 401-418
Persistent link: https://www.econbiz.de/10003692178
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Framing-based choice : a model of decision-making under risk
Kriesler, Kobi; Nitsan, Shemuʾel - In: The Korean economic review 25 (2009) 1, pp. 65-89
Persistent link: https://www.econbiz.de/10003856234
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What does it take for a specific prospect theory type household to engage in risky investment?
Hlouskova, Jaroslava; Tsigaris, Panagiotis Demetrios - 2012
equity premium to invest in risky assets. However, once she does invest because of a large risk premium, she becomes …
Persistent link: https://www.econbiz.de/10009683962
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Capital income taxation and risk taking under prospect theory
Hlouskova, Jaroslava; Tsigaris, Panagiotis Demetrios - 2012
indicate that it could be possible for a capital income tax increase not to stimulate risk taking even if the tax code provides … the attractive full loss offset provisions. However, risk taking can be stimulated if the investor interprets part of the … tax as a loss instead as a reduced gain. Then investor becomes risk seeking and moves away from the discomfort zone of …
Persistent link: https://www.econbiz.de/10009684798
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Prospect theory and two moment model: the firm under price uncertainty
Broll, Udo; Egozcue, Martin; Wong, Wing Keung - 2009
Within the prospect theory the paper examines production and hedging decisions of a competitive firm under price uncertainty. We consider the prospect theory for the firm's utility function in the two moment model known as (mu,sigma)-preference. In contrast to the literature our findings show...
Persistent link: https://www.econbiz.de/10003841926
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Conventions of co-ordination and the framing of uncertainty
Thévenot, Laurent - In: Intersubjectivity in economics : agents and structures, (pp. 181-197). 2002
Persistent link: https://www.econbiz.de/10001691868
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Prospect theory and asset prices
Barberis, Nicholas; Huang, Ming; Santos, Tano - 2000
Persistent link: https://www.econbiz.de/10001641380