Myopic loss aversion, reference point, and money illusion
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Publication:5245910
DOI10.1080/14697688.2014.917805zbMath1402.91703OpenAlexW2152351912MaRDI QIDQ5245910
Publication date: 16 April 2015
Published in: Quantitative Finance (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1080/14697688.2014.917805
reference pointportfolio selectionmoney illusioncumulative prospect theory (CPT)myopic loss aversionevaluation period
Related Items (8)
Optimal consumption with reference to past spending maximum ⋮ How Endogenization of the Reference Point Affects Loss Aversion: A Study of Portfolio Selection ⋮ Optimal execution with price impact under cumulative prospect theory ⋮ Dynamic Trading with Reference Point Adaptation and Loss Aversion ⋮ Equilibrium asset pricing with Epstein-Zin and loss-averse investors ⋮ Optimal investment with transaction costs under cumulative prospect theory in discrete time ⋮ Failing to Foresee the Updating of the Reference Point Leads to Time-Inconsistent Investment ⋮ A new preference model that allows for narrow framing
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