Ye, Xu; Dent, Peter R. - In: Journal of European Real Estate Research 2 (2009) 1, pp. 56-68
Purpose – Traditional finance theory have developed on the basis of expected utility theory and assumes that investors … assumptions on which expected utility theory are based. However, existing studies on this matter have mainly focused on capital … samples, this paper aims to explore the reliability of the invariance assumption of people's behaviour under expected utility …