• No results found

Static Portfolio Choice under Cumulative Prospect Theory

N/A
N/A
Protected

Academic year: 2020

Share "Static Portfolio Choice under Cumulative Prospect Theory"

Copied!
41
0
0

Loading.... (view fulltext now)

Full text

Loading

Figure

Figure 1: The value function u(x) for different values of α, β and λ.
Figure 2: The distorted cumulative probabilities T + (F (x)) and T − (F (x))when γ = 0.61 and δ = 0.69 (parameters proposed by Tversky and Kahne-man (1992)).
Figure 3: Skew-Normal probability distribution function
Figure 4: Ω(y�) when �y is Skew-normal
+5

References

Related documents

Select the correct answer and then mark you r selection on your answer sheet...

For example, Ibrahim, a younger literate respondent, said that ‗an outsider woman often finds it difficult to adjust quickly to the new family environment and thus any maladjustment

Drawing on published document collections from the Central Powers (Germany, Austria-Hungary) and the Allies (Great Britain, France, and Russia), as well as unpublished materials from

On June 9, 2003, the Tax Discovery Bureau (Bureau) of the Idaho State Tax Commission issued a Notice of Deficiency Determination (NODD) to [Redacted] (taxpayers), proposing income

quantitative data and qualitative assessments of progress in every area of activity – from investments to programmes, research projects to communications.. Each board meeting

partnerships with financial institutions, other government agencies, and community-based organizations; seeking additional funding from private funders to support its innovations

Based on the test results from the specimens with triaxially confined CCC and CCT nodes (i.e. Series II specimens discussed in Chapter 5), it was concluded that the effective