Can financial innovation succeed by catering to behavioral preferences? Evidence from a callable options market
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DOI: 10.1016/j.jfineco.2018.01.010
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More about this item
Keywords
Lotteries; Gambling; Financial innovation; Cumulative prospect theory; Callable bull/bear contract (CBBC);All these keywords.
JEL classification:
- D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
Statistics
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