We interpret bitcoin’s 200-day moving average (MA) price as a prospect theory (PT) reference point. PT says that risk preferences “toggle” around the reference point. Above the reference point, investors are risk averse. Below the reference point, investors are risk seeking. Degrees of...

The paper explores terrorist choice by applying two well-known theoretical frameworks: stochastic dominance and prospect theory. We analyse each pair of attack methods that can be formed from the RAND-MIPT database and the Global Terrorism Database (GTD). Instances of stochastic dominance are...