The coordinated competitive effects of silent ownerships in rival firms have been studied recently in the context of an infinitely repeated Bertrand oligopoly model by Gilo and Spiegel (2003). Focusing on their investigation, the purpose of the present note is two-fold, to provide a general...

We evaluate European financial options under continuous cumulative prospect theory. Within this framework, it is possible to model investors' attitude toward risk, which may be one of the possible causes of mispricing. We focus on probability risk attitudes and consider alternative probability...

We introduce elements of Cumulative Prospect Theory into the portfolio selection problem and then compare stock portfolios selected under the behavioral approach with those selected according to classical approaches, such as Mean Variance and Mean Absolute Deviation ones. The mathematical...