Portfolio Selection with Narrow Framing: Probability Weighting Matters
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Cited by:
- Enrico G. De Giorgi, 2009. "Goal-Based Investing with Cumulative Prospect Theory and Satisficing Behavior," University of St. Gallen Department of Economics working paper series 2009 2009-22, Department of Economics, University of St. Gallen.
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More about this item
Keywords
Narrow framing; cumulative prospect theory; probability weighting function; negative skewness; simulation methods;All these keywords.
JEL classification:
- D1 - Microeconomics - - Household Behavior
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
NEP fields
This paper has been announced in the following NEP Reports:- NEP-UPT-2009-06-17 (Utility Models and Prospect Theory)
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