Prospect Theory and Behavioral Finance

Research output: Chapter in Book/Report/Conference proceedingChapter

3 Citations (Scopus)

Abstract

This chapter contains sections titled:

Introduction

Behavioral Finance and Behavioral Assumptions

The Nature of Prospect Theory

Prospect Theory and the Choice Behavior

Implications of Prospect Theory for Choice Behavior

Some Implications for Behavioral Financial Relevance

Summary and Conclusions

Discussion Questions

About the Author
Original languageEnglish
Title of host publicationBehavioral Finance
Subtitle of host publicationInvestors, Corporations, and Markets
PublisherJohn Wiley and Sons Ltd
Pages191-209
Number of pages19
ISBN (Print)9780470499115
DOIs
Publication statusPublished - 29 Nov 2011

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Keywords

  • Behavioral finance
  • Efficient market hypothesis
  • Investments
  • Stock market
  • Subjective expected utility

Cite this

Altman, M. (2011). Prospect Theory and Behavioral Finance. In Behavioral Finance: Investors, Corporations, and Markets (pp. 191-209). John Wiley and Sons Ltd. https://doi.org/10.1002/9781118258415.ch11