Reformulating prospect theory to become a von Neumann–Morgenstern theory
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DOI: 10.1007/s11156-020-00915-8
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More about this item
Keywords
Cube root function; Radical function; Kahneman and Tversky; Prospect theory; von Neumann–Morgenstern (vNM) utility function; Framing; Taylor series expansion; Mental accounting; Disposition effect; Narrow framing; Skewness;All these keywords.
JEL classification:
- G1 - Financial Economics - - General Financial Markets
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