A central feature of (cumulative) prospect theory is reference dependence, i.e. the value function depends on gains and losses relative to a status quo and not on final wealth positions as in expected utility theory. Until now, all theoretical work on prospect theory only considered a fixed status q
โฆ LIBER โฆ
A theory of reference-dependent behavior
โ Scribed by Jose Apesteguia; Miguel A. Ballester
- Publisher
- Springer
- Year
- 2008
- Tongue
- English
- Weight
- 334 KB
- Volume
- 40
- Category
- Article
- ISSN
- 0938-2259
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