Blar i NHH Brage på emneord "prospect theory"

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    • Optimal Pension Insurance Design 

      Døskeland, Trond M.; Nordahl, Helge A. (Discussion paper, Working paper, 2006-09)
      In this paper we provide a framework for how the traditional life and pension contracts with a guaranteed rate of return can be optimized to increase customers’ welfare. Given that the contracts have to be priced correctly, ...

    • Prospect theory and the CAPM : a contradiction or coexistence? 

      Levy, Haim; De Giorgi, Enrico; Hens, Thorsten (Discussion paper, Working paper, 2003-10)
      Under the assumption of normally distributed returns, we analyze whether the Cumulative Prospect Theory of Tversky and Kahneman (1992) is consistent with the Capital Asset Pricing Model. We find that in every financial ...

    • Prospect theory around the world 

      Rieger, Marc Oliver; Wang, Mei; Hens, Thorsten (Discussion paper;2011:19, Working paper, 2011-10)
      We present results from the first large-scale international survey on risk preferences, conducted in 45 countries. We show substantial cross-country differences in risk aversion, loss aversion and probability weighting. ...

    • The Effect of Fast and Slow Decisions on Financial Risk Taking 

      Kirchler, Michael; Andersson, David; Bonn, Caroline; Johannesson, Magnus; Sørensen, Erik Øiolf; Stefan, Matthias; Tinghög, Gustav; Västfjell, Daniel (Journal article; Peer reviewed, 2017)
      We experimentally compare fast and slow decisions in a series of Experiments on financial risk taking in three countries involving over 1700 subjects. To manipulate fast and slow decisions, subjects were randomly allocated ...