کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
986624 | 1480911 | 2010 | 8 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Does the prospect theory also hold for power traders? Empirical evidence from a Swiss energy company
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
چکیده انگلیسی
Currently, a great deal of empirical research has been done to test and verify Kahneman and Tversky's (1979) prospect theory. Nevertheless, the research only addresses private or institutional investors in the financial industry and has neglected specific tests in the real sector. In this paper, our goal is to examine whether the implications of prospect theory and the house money effect also hold for the power traders in the energy sector. The results show that the reflection and house money effects do not hold. Our results indicate the possible influence of the recent global crisis on prospect theory.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Review of Financial Economics - Volume 19, Issue 1, January 2010, Pages 38–45
Journal: Review of Financial Economics - Volume 19, Issue 1, January 2010, Pages 38–45
نویسندگان
Erkan Kalayci, Ulkem Basdas,