Prospect theory: A parametric analysis of functional forms in Brazil
This study aims to analyze risk preferences in Brazil based on prospect theory by estimating the risk aversion parameter of the expected utility theory (EUT) for a select sample, in addition to the value and probability function parameter, assuming various functional forms, and a newly proposed valu...
Main Authors: | Robert Eugene Lobel, Marcelo Cabus Klotzle, Paulo Vitor Jordão da Gama Silva, Antonio Carlos Figueiredo Pinto |
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Format: | Article |
Language: | English |
Published: |
Fundação Getulio Vargas, Escola de Administração de Empresas de São Paulo
2017-10-01
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Series: | RAE: Revista de Administração de Empresas |
Subjects: | |
Online Access: | http://bibliotecadigital.fgv.br/ojs/index.php/rae/article/view/71818/69597 |
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