From hedging to speculation -- an explanation based on prospect theory

DOI10.1007/S11424-008-9121-YzbMATH Open1173.91392OpenAlexW2005028611MaRDI QIDQ732795FDOQ732795

Authors: Qingwei Liu, Yi Li, Shouyang Wang 

Publication date: 15 October 2009

Published in: Journal of Systems Science and Complexity (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11424-008-9121-y

Recommendations

• Firm's hedging behavior without the expected utility hypothesis
• Futures markets, production and diversification of risk
• Optimal hedging and equilibrium in a dynamic futures market
• Optimal hedging in the futures market under price uncertainty
• Speculative trading, prospect theory and transaction costs

zbMATH Keywords

reference pointhedgingloss aversionprospect theory

Mathematics Subject Classification ID

Financial applications of other theories (91G80)

Cites Work

• Prospect Theory: An Analysis of Decision under Risk
• Prospect theory and asset prices

Cited In (2)

• Greed, leverage, and potential losses: a prospect theory perspective
• Risk-hedging in real estate markets

This page was built for publication: From hedging to speculation -- an explanation based on prospect theory

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q732795)