. However, it has been speculated that RIS may not be incentive compatible when participants are concerned about ambiguity, i … ambiguity, we conducted three experiments online and in a laboratory. The results of the experiments suggest that RIS is … also argue that using RIS, together with an experimental guideline called Prince, may reduce the observed ambiguity …

. However, it has been speculated that RIS may not be incentive compatible when participants are concerned about ambiguity, i … ambiguity, we conducted three experiments online and in a laboratory. The results of the experiments suggest that RIS is … also argue that using RIS, together with an experimental guideline called Prince, may reduce the observed ambiguity …

experimental approach, we analyze the impact of risk, imprecision in probabilities (ambiguity), imprecision in outcomes, and a …

experimental approach, we analyze the impact of risk, imprecision in probabilities (ambiguity), imprecision in outcomes, and a …

The paper relates cumulative prospect theory to the moments of returns distributions, e.g. skewness and kurtosis … related to the skewness. However, the relation is negative when probability weighing is set aside. This shows that cumulative … prospect theory investors display a preference for skewness through the probability weighting function. Furthermore, the …

coefficient of relative risk aversion (CRRA) that is commensurate with a 100% investment in the risky asset is simulated. The … following parameters are varied: the riskless return, the market standard deviation, the market stock premium, and the skewness …

The majority of risk adjusted performance measures (RAPM) currently in use – e.g., Treynor ratio, (?/?)) ratio, Omega … criteria, adapted to investment circumstances: alternative investments, return forecasts, and risk attitude. We explain the … of structured products, and explanation of the credit risk premium puzzle. …

The paper relates cumulative prospect theory to the moments of returns distributions, e.g. skewness and kurtosis … related to the skewness. However, the relation is negative when probability weighing is set aside. This shows that cumulative … prospect theory investors display a preference for skewness through the probability weighting function. Furthermore, the …