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PROSPECT THEORY AND STOCK MARKET ANOMALIES - Coggle Diagram
PROSPECT THEORY AND STOCK MARKET ANOMALIES
Prospect Theory
Decision Making
In Risk Context
Oriented
Short-Terms
Kahneman & Tversky
In 1978
Authors
Nicholas C. Barberis
Yale School of Management
Lawrence J. Jin
California Institute of Technology
Baolian Wang
Warrington College of Business
University of Florida
Performance
13/22 Anomalies
Good Results
7/22 Anomalies
Poorly Results
2/22 Anomalies
Bad Results
Hipothesis
New Price Model
Investors Evaluation Risk
Analyzing 22 Market Anomalies
Prospect Theory Question
What Determines
Related Different Assets
Average Returns
Conclusion
This Paper is a Part of Growing Work
Useful for Wide Range of Finance Event
Deeply Rooted in Psychology
Can Make Quantitative Predictions