Prospect theory and liquidation decisions

DOI10.1016/j.jet.2005.02.006zbMath1132.91507OpenAlexW3121463206MaRDI QIDQ2496790

Wei Xiong, Albert S. Kyle, Hui Ou-Yang

Publication date: 20 July 2006

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2005.02.006

zbMATH Keywords

prospect theorydisposition effectbreak-even effectliquidation decisions

Mathematics Subject Classification ID

Resource and cost allocation (including fair division, apportionment, etc.) (91B32)

Related Items (9)

Probability weighting, stop-loss and the disposition effect ⋮ Cautious stochastic choice, optimal stopping and deliberate randomization ⋮ Introduction to financial economics ⋮ Prospect theory and market quality ⋮ A cumulative prospect theory explanation of gamblers cashing-out ⋮ Taxation, agency conflicts, and the choice between callable and convertible debt ⋮ Partial liquidation under reference-dependent preferences ⋮ Investment under uncertainty with financial constraints ⋮ Speculative trading, prospect theory and transaction costs

Cites Work

• Unnamed Item
• Advances in prospect theory: cumulative representation of uncertainty
• Prospect Theory and Asset Prices
• Loss Aversion and Seller Behavior: Evidence from the Housing Market
• A Theory of Disappointment Aversion
• Prospect Theory: An Analysis of Decision under Risk
• Myopic Loss Aversion and the Equity Premium Puzzle

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