How Investors Face Financial Risk Loss Aversion and Wealth Allocation
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More about this item
Keywords
Prospect theory; myopic loss aversion; Value-at-Risk; portfolio evaluation; capital allocation;All these keywords.
JEL classification:
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
NEP fields
This paper has been announced in the following NEP Reports:- NEP-UPT-2008-03-01 (Utility Models and Prospect Theory)
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