Thesis
Behavioural Financial Decision Making Under Uncertainty
- Abstract:
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Ever since von Neumann and Morgenstern published the axiomisation of Expected Utility Theory, there have been a considerable amount of ob- servations appeared in the literature violating the expected utility theory. To make decisions under uncertainty, people generally separate possible outcomes into gains and losses. They are risk averse for gains but risk seeking for losses with very large probabilities; risk averse for losses but risk seeking for gains with very small probabilities. To acc...
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Authors
Bibliographic Details
- Publisher:
- University of Oxford;Mathematics
- Publication date:
- 2008-06-01
Item Description
- UUID:
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uuid:13a0257a-0634-490f-be04-f2eee0288b4c
- Local pid:
- oai:eprints.maths.ox.ac.uk:699
- Deposit date:
- 2011-05-19
Related Items
Terms of use
- Copyright holder:
- Jiang, H
- Copyright date:
- 2008
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