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A branch of economics that incorporates insights from psychology by allowing for systematic deviations from idealised rational behaviour.
3
votes
0
answers
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How to measure mental accounts of an individual?
I wonder whether its possible to identify mental accounts as defined by Richard Thaler https://www.jstor.org/stable/183904 given i observe consumption and/ or investment behavior of an individual? I h …
2
votes
0
answers
33
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Limit of Certainty Equivalent for Cumulative Prospect Theory
I found a piece of code from a former colleague who seems to have copied it from another source (perhaps internet) that confused me a bit. Therein, the Certainty Equivalent (CE henceforth) for Cumulat …
1
vote
0
answers
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How to measure utility functions in the stock market
i am looking for some articles on how to identify and estimate utility functions in the stock market.
My own search results yielded some papers by Blackburn and Ukhov
https://www.researchgate.net/publ …