Affective Utilities: A Rational Theory of Optimistic Bias in Asset Markets
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More about this item
Keywords
Risk; Ambiguity; Irrational Exuberance;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
NEP fields
This paper has been announced in the following NEP Reports:- NEP-HPE-2014-08-20 (History and Philosophy of Economics)
- NEP-UPT-2014-08-20 (Utility Models and Prospect Theory)
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