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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
38 views

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 …
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2 votes
0 answers
33 views

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 …
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  • 303
1 vote
0 answers
120 views

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 …
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  • 303