Keywords: Prospect theory
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Journal Articles
Journal Articles
Journal of Risk Finance (2012) 13 (3): 262–268.
Published: 18 May 2012
... the assumption of risk aversion; to examine the dominant theory that the optimal portfolio depends on risk preferences; and to test prospect theory that decision makers prefer certain outcomes over probable outcomes. Finally, an alternative model to test prospect theory is introduced. Findings The proposed...

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