Value Functions for Prospect Theory Investors: An Empirical Evaluation for U.S. Style Portfolios

The main aim of this article is to provide a general behavioral analysis that proposes a series of different value functions for prospect theory (PT) investors incorporated into behavioral reward-risk models that are finally solved so as to provide some specific optimal solutions. To do this, genera...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	The journal of behavioral finance 2018-07, Vol.19 (3), p.319-333
1. Verfasser:	Zervoudi, Evanthia K.
Format:	Artikel
Sprache:	eng
Schlagworte:	Behavioral portfolio optimization Investments Loss aversion Lower partial moment Probability distortion Prospect theory S-shaped value function Upper partial moment
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!