Jul 7, 2015 · We formalize the reference point adaptation process by relating it to a way people perceive prior gains and losses.
We formalize the reference point adaptation process by relating it to a way people perceive prior gains and losses. We then develop a dynamic trading model ...
Jul 7, 2015 · In this paper, we develop a dynamic portfolio choice model in which a loss averse investor updates her reference point through time as a ...
Abstract: We formalize the reference point adaptation process by relating it to a way people perceive prior gains and losses. We then develop a dynamic ...
We formalize the reference point adaptation process by relating it to a way people perceive prior gains and losses. We then develop a dynamic trading model with ...
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Jul 7, 2015 · We formalize the reference point adaptation process by relating it to a way people perceive prior gains and losses.
Dynamic mean‐variance investment model can not be solved by dynamic programming... Dynamic Trading with Reference Point Adaptation and Loss Aversion.
We then develop a dynamic trading model with reference point adaptation and loss aversion, and derive its semi-analytical solution. The derived optimal stock ...
This paper explores a novel multi-period portfolio decision model for loss-averse investors with dynamically adapted reference points in a market with serially ...
Dynamic Trading with Reference Point Adaptation and Loss Aversion. 2015. We formalize the ...