Kontek, Krzysztof - Volkswirtschaftliche Fakultät, … - 2011
Cumulative Prospect Theory (Kahneman, Tversky, 1979, 1992) holds that the value function is described using a power … case with Prospect Theory: losses are evaluated using a concave, rather than a convex, utility function. In this context … domain. Importantly, the hypothesis enables a link to be established between perception utility and Portfo-lio Theory …