کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
10437940 | 912447 | 2005 | 14 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Myopic prospect theory vs. myopic loss aversion: how general is the phenomenon?
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
Individuals often act myopically in evaluating sequences of investment opportunities. For loss averse decision makers, myopia causes the sequence to look less attractive and might result in rejecting an investment program that would have been accepted otherwise. In this paper, we argue that the relation between myopia and the attractiveness of a lottery sequence is less general than previously suggested in the literature. We extend the concept myopic loss aversion to myopic prospect theory, predicting that for specific risk profiles, myopia will not decrease but increase the attractiveness of a sequence. We support our theoretical predictions by experimental evidence.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 56, Issue 1, January 2005, Pages 25-38
Journal: Journal of Economic Behavior & Organization - Volume 56, Issue 1, January 2005, Pages 25-38
نویسندگان
Thomas Langer, Martin Weber,