Heterogeneity of probability weighting in investment decisions

DOI10.1016/J.ECONLET.2023.111156zbMath1521.91336OpenAlexW4376638635MaRDI QIDQ6093706

Shunming Zhang, Yuzhe Sun

Publication date: 12 September 2023

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2023.111156

zbMATH Keywords

curvaturerank-dependent utilitymarket participationelevationgeneralized Wang transform

Mathematics Subject Classification ID

Utility theory (91B16) Portfolio theory (91G10)

Cites Work

• Maxmin expected utility with non-unique prior
• Advances in prospect theory: cumulative representation of uncertainty
• Inverse S-shaped probability weighting and its impact on investment
• Prospect Theory
• The Probability Weighting Function
• A Universal Framework for Pricing Financial and Insurance Risks

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