Gazioğlu, Saziye; Calıskan, Nilifer - In: Applied Financial Economics 21 (2011) 21, pp. 1581-1586
The Cumulative Prospect Theory (CPT) uses piecewise value functions instead of consumer utility and provides alternative assumptions for investment behaviour approximated by power value function. In this study, our aim to find a generalized value function that will make the value function...