Prospect Theory: Much Ado About Nothing?
From MaRDI portal
Publication:3114813
DOI10.1287/mnsc.48.10.1334.276zbMath1232.91222OpenAlexW2149893228MaRDI QIDQ3114813
Publication date: 19 February 2012
Published in: Management Science (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1287/mnsc.48.10.1334.276
Related Items (41)
When expectations become aspirations: reference-dependent preferences and liquidity constraints ⋮ Composition rules in original and cumulative prospect theory ⋮ The valuation ``by-tranche of composite investment instruments ⋮ New Tests for Richness and Poorness: A Stochastic Dominance Analysis of Income Distributions in Hong Kong ⋮ Rao’s quadratic entropy and maximum diversification indexation ⋮ Nonmonotonic risk preferences over lottery comparison ⋮ Risk Perception and Ambiguity in a Quantile Cumulative Prospect Theory ⋮ Stochastic dominance tests ⋮ Stochastic dominance and mean-variance measures of profit and loss for business planning and investment ⋮ On the potential for observational equivalence in experiments on risky choice when a power value function is assumed ⋮ Regret theory: state dominance and expected utility ⋮ Spanning tests for Markowitz stochastic dominance ⋮ Do investors like to diversify? A study of Markowitz preferences ⋮ When are two portfolios better than one? A prospect theory approach ⋮ Segregation and integration: a study of the behaviors of investors with extended value functions ⋮ Extreme events and entropy: a multiple quantile utility model ⋮ Loss aversion and the price of risk ⋮ The bipolar Choquet integral representation ⋮ Prospect and Markowitz stochastic dominance ⋮ Risk behavior for gain, loss, and mixed prospects ⋮ Preferences over location-scale family ⋮ Test statistics for prospect and Markowitz stochastic dominances with applications ⋮ Stochastic dominance theory for location-scale family ⋮ Stochastic dominance via quantile regression with applications to investigate arbitrage opportunity and market efficiency ⋮ Testing for prospect and Markowitz stochastic dominance efficiency ⋮ Averting risk in the face of large losses: Bernoulli vs. Tversky and Kahneman ⋮ Is risk-aversion hereditary? ⋮ It is whether you win or lose: the importance of the overall probabilities of winning or losing in risky choice ⋮ Economically relevant preferences for all observed epsilon ⋮ Stochastic dominance efficient sets and stochastic spanning ⋮ Orderings and Probability Functionals Consistent with Preferences ⋮ Interval-based stochastic dominance: theoretical framework and application to portfolio choices ⋮ An inter-temporal CAPM based on first order stochastic dominance ⋮ Portfolio performance evaluation with loss aversion ⋮ PORTFOLIO SELECTION PROBLEMS CONSISTENT WITH GIVEN PREFERENCE ORDERINGS ⋮ Universal Domination and Stochastic Domination—an Improved lower Bound for the Dimensionality ⋮ Central moments, stochastic dominance, moment rule, and diversification with an application ⋮ Testing prospect theories using probability tradeoff consistency ⋮ An empirical investigation of the assumptions of risk-value models ⋮ A comparison of five models that predict violations of first-order stochastic dominance in risky decision making ⋮ Choices under ambiguity with familiar and unfamiliar outcomes
This page was built for publication: Prospect Theory: Much Ado About Nothing?