Add to ORKGA disposition effect is the observation that investors tend to sell winning stocks too early and hold losing stocks too long. In this paper, we investigate whether expected utility theory explains the disposition effect. We implement two models of expected utility theory: exponential and power. We show that for reasonable parameter values the disposition effect can be explained by expected utility theory
In this paper we study a continuous-time, optimal stopping model of an asset sale with prospect theo...
This paper proposes a quantitative modification of standard utility elicitation procedures, such as ...
This paper proposes a quantitative modification of standard utility elicitation procedures, such as ...
A disposition effect is the observation that investors tend to sell winning stocks too early and hol...
A number of authors have suggested that investors derive utility from realizing gains and losses on ...
A number of authors have suggested that investors derive utility from realizing gains and losses on ...
This study is an investigation of the decision making theories, their developments, and especially, ...
To overcome the shortcomings and deficiencies in the efficient market theory, financial literacy nee...
There is a debate in the literature about the arguments of utility in expected utility theory. Some ...
Utility modeled as a power function is commonly used in the literature despite the fact that it is u...
Since the pioneering work of von Neumann and Morgenstern in 1944 there have been many developments i...
This paper explores biases in the elicitation of utilities under risk and the contribution that gene...
The disposition effect is the observation that investors hold winning stocks too long and sell losin...
The purpose of this paper is to demonstrate that Cumulative Prospect Theory is a serious alternative...
Since the birth of mathematical nance, portfolio selection has been one of the topics which have att...
In this paper we study a continuous-time, optimal stopping model of an asset sale with prospect theo...
This paper proposes a quantitative modification of standard utility elicitation procedures, such as ...
This paper proposes a quantitative modification of standard utility elicitation procedures, such as ...
A disposition effect is the observation that investors tend to sell winning stocks too early and hol...
A number of authors have suggested that investors derive utility from realizing gains and losses on ...
A number of authors have suggested that investors derive utility from realizing gains and losses on ...
This study is an investigation of the decision making theories, their developments, and especially, ...
To overcome the shortcomings and deficiencies in the efficient market theory, financial literacy nee...
There is a debate in the literature about the arguments of utility in expected utility theory. Some ...
Utility modeled as a power function is commonly used in the literature despite the fact that it is u...
Since the pioneering work of von Neumann and Morgenstern in 1944 there have been many developments i...
This paper explores biases in the elicitation of utilities under risk and the contribution that gene...
The disposition effect is the observation that investors hold winning stocks too long and sell losin...
The purpose of this paper is to demonstrate that Cumulative Prospect Theory is a serious alternative...
Since the birth of mathematical nance, portfolio selection has been one of the topics which have att...
In this paper we study a continuous-time, optimal stopping model of an asset sale with prospect theo...
This paper proposes a quantitative modification of standard utility elicitation procedures, such as ...
This paper proposes a quantitative modification of standard utility elicitation procedures, such as ...