Risk as Challenge: A Dual System Stochastic Model for Binary Choice Behavior

Challenge Theory (CT), a new approach to decision under risk departs significantly from expected utility, and is based on firmly psychological, rather than economic, assumptions. The paper demonstrates that a purely cognitive-psychological paradigm for decision under risk can yield excellent predict...

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Bibliographische Detailangaben

Hauptverfasser:	Shye, Samuel, Haber, Ido
Format:	Artikel
Sprache:	eng
Schlagworte:	Quantitative Finance - Economics
Online-Zugang:	Volltext bestellen
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