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incentives. We estimate the parameterized models in the framework of cumulative prospect theory and examine the risk aversion … elderly group’s behavior departs more from the traditional expected utility theory than does the young group’s behavior …. -- age ; cumulative prospect theory ; risk aversion ; probability weights ; reference point …
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Psychological game theory can provide a rational choice explanation of framing effects; frames influence beliefs, and …
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Psychological game theory can provide a rational choice explanation of framing effects; frames influence beliefs, and …
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Management services. -- wealth management ; behavioral finance ; heuristics ; prospect theory ; bounded rationality …
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