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Subjective evaluation of delayed risky outcomes for buying and selling positions: the behavioral approach

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  • Uri Benzion
  • Jan Krahnen
  • Tal Shavit

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Suggested Citation

  • Uri Benzion & Jan Krahnen & Tal Shavit, 2011. "Subjective evaluation of delayed risky outcomes for buying and selling positions: the behavioral approach," Annals of Finance, Springer, vol. 7(2), pages 247-265, May.
    • Handle: RePEc:kap:annfin:v:7:y:2011:i:2:p:247-265
    DOI: 10.1007/s10436-010-0172-4
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    References listed on IDEAS

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    3. R. H. Strotz, 1955. "Myopia and Inconsistency in Dynamic Utility Maximization," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 23(3), pages 165-180.
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    More about this item

    Keywords

    Willingness to accept (WTA); Willingness to pay (WTP); Intertemporal choice; Decision-making; Risk; Time discounting; C91; E43;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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