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Cumulative Prospect Theory Portfolio Selection [PDF]
SSRN Electronic Journal, 2020 We introduce elements of Cumulative Prospect Theory into the portfolio selection problem and then compare stock portfolios selected under the behavioral approach with those selected according to classical approaches, such as Mean Variance and Mean Absolute Deviation ones.
Diana Barro +2 more
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Separating response variability from structural inconsistency to test models of risky decision making [PDF]
Judgment and Decision Making, 2012 Individual true and error theory assumes that responses by the same person to the same choice problem within a block of trials are based on the same true preferences but may show preference reversals due to random error.
Michael H. Birnbaum, Jeffrey P. Bahra
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Cumulative Prospect Theory Version with Fuzzy Values of Outcome Estimates
Risks, 2021 Choosing solutions under risk and uncertainty requires the consideration of several factors. One of the main factors in choosing a solution is modeling the decision maker’s attitude to risk. The expected utility theory was the first approach that allowed
Oleg Uzhga-Rebrov, Peter Grabusts
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Study on the Optimal Strategy of Missile Interception
IEEE Access, 2021 Missiles have been playing an important role in modern wars. In order to gain advantage in missile contests, the technology of missile interception have been developed for many years. However, constrained by current technology, it is still very difficult
Kaiye Gao, Xiangbin Yan
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Static portfolio choice under Cumulative Prospect Theory [PDF]
Mathematics and Financial Economics, 2009 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Bernard, Carole, Ghossoub, Mario
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The Use of Prospect Theory for Energy Sustainable Industry 4.0
Energies, 2021 Industry 4.0 challenges facilities entrepreneurs to be competitive in the market in terms of energy by rational decision making. The goal of the paper is aimed at introducing Prospect Theory (PT) in Industry 4.0 for making decisions in order to select an
Aldona Kluczek +2 more
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Identification of cumulative prospect theory parameters for mode choice model [PDF]
MATEC Web of Conferences, 2019 The use of Cumulative Prospect Theory (CPT) in decision making related to transportation risk is still much debated. Mainly because of the travel and socio-economic characteristics of the traveller it possible for different responses to the specified ...
Indriany Sylvia +3 more
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An Interval-Valued Three-Way Decision Model Based on Cumulative Prospect Theory
AppliedMath, 2023 In interval-valued three-way decision, the reflection of decision-makers’ preference under the full consideration of interval-valued characteristics is particularly important. In this paper, we propose an interval-valued three-way decision model based on
Hongli Zhou, Xiao Tang, Rongle Zhao
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Managerial Motivations in Fraudulent Financial Reporting According to Cumulative Perspective Theory [PDF]
بررسیهای حسابداری و حسابرسی, 2021 Objective: The purpose of this study is to answer the question of whether the four management attitudes toward risk, which is related to the Cumulative Prospect Theory, is effective in the occurrence of fraudulent financial reporting or not.
Ali Saghafi +1 more
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Cumulative prospect theory and gambling [PDF]
, 2005 Whilst Cumulative Prospect theory (CPT) provides an explanation of gambling on longshots at actuarially unfair odds, it cannot explain why people might bet on more favoured outcomes. This paper shows that this is explicable if the degree of loss aversion experienced by the agent is reduced for small-stake gambles (as a proportion of wealth), and ...
M Cain, D Law, D Peel
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