The consumption-investment decision of a prospect theory household: a two-period model

DOI10.1016/J.JMATECO.2017.02.003zbMath1395.91408OpenAlexW2472594781MaRDI QIDQ2358570

Panagiotis Tsigaris, Ines Fortin, Jaroslava Hlouskova

Publication date: 15 June 2017

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2017.02.003

zbMATH Keywords

loss aversionprospect theoryportfolio allocationhappinessconsumption-savings decision

Mathematics Subject Classification ID

Portfolio theory (91G10)

Related Items (1)

The consumption-investment decision of a prospect theory household: a two-period model with an endogenous second period reference level

Cites Work

• Optimum consumption and portfolio rules in a continuous-time model
• Advances in prospect theory: cumulative representation of uncertainty
• Static portfolio choice under cumulative prospect theory
• Utility maximization with addictive consumption habit formation in incomplete semimartingale markets
• Downside loss aversion: winner or loser?
• Prospect Theory and Asset Prices
• Portfolio Choice Under Cumulative Prospect Theory: An Analytical Treatment
• A Model of Reference-Dependent Preferences*

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