SP/A and CPT: A reconciliation of two behavioral decision theories

DOI10.1016/j.econlet.2010.05.021zbMath1196.91022OpenAlexW2023857131MaRDI QIDQ709090

Marc Oliver Rieger

Publication date: 15 October 2010

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

Full work available at URL: https://doi.org/10.1016/j.econlet.2010.05.021

zbMATH Keywords

decision theoryaspiration levelcumulative prospect theorybehavioral portfolio optimization

Mathematics Subject Classification ID

Decision theory (91B06)

Related Items

Loss aversion with multiple investment goals ⋮ Economic harmony: an epistemic theory of economic interactions ⋮ Optimal portfolios under worst-case scenarios

Cites Work

• Reflections on gains and losses: a \(2 \times 2 \times 7\) experiment
• Advances in prospect theory: cumulative representation of uncertainty
• The role of aspiration level in risky choice: A comparison of cumulative prospect theory and SP/A theory
• Financial Economics

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