Search Results - subject_exact:"Prospect Theory"

How framing susceptibility is associated with investment grip : evidence from Japanese retail investors

Otchere-Appiah, Gideon; Kuramoto, Yu; Bawalle, Aliyu Ali; … - 2026

This study builds on the concept of loss tolerance by introducing investment grip, a behavioral interpretation that captures investors' commitment to long-term objectives under adverse market conditions. While loss tolerance traditionally measures the maximum financial loss an investor can...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615249

Does negative online review matter? : an investigation of travel consumers

Pooja, K.; Upadhyaya, Pallavi - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333876

Managed Expectations Theory : ex ante likelihoods influence ex post utilities

Zeckhauser, Richard; Viscusi, W. Kip - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591701

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Managed expectations theory : ex ante likelihoods influence ex post utilities

Zeckhauser, Richard; Viscusi, W. Kip - 2025

Book / Working Paper

Purchasing decisions with reference points and prospect theory in the metaverse

Tarnanidis, Theodore; Owusu-Frimpong, Nana; Sousa, Bruno; … - 2025

The aim of this study is to analyze the factors that influence consumer referents or reference points and their interaction during the decision-making process, along with the principles of prospect theory in the metaverse with market and retail examples. We conducted an integrative literature...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450375

Meta-analysis of prospect theory parameters

Imai, Taisuke; Nunnari, Salvatore; Wu, Jilong; Vieider, … - 2025

We present a meta-analysis of prospect theory (PT ) parameters, summarizing data from 166 papers reporting 812 estimates. These parameters capture risk-taking propensities, thus holding interest beyond PT. We develop an inverse-variance weighted method that accounts for correlations in PT...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015561732

The concept of a behavioral model of decision-making under risk

Falkiewicz, Ewa - 2025

This study outlines the decision-making process under risk considering the psychological aspects of the decision-maker. The aim is to construct a principle of an optimal decision for an individual decision-maker. The study considers a finite, d iscrete s et o f a cceptable decisions, a set of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015596308

Opportunities, threats, and strategic choice : the modifying role of emotion

Aarøen, Camilla; Selart, Marcus - 2025

Business models often transform due to adaptation in response to external changes. However, relatively little is known about what causes these types of adaptations. We suggest that threat-rigidity as well as prospect theory have the potential to explain what causes business model adaptation in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015531648

An investigation into the relationship between stock market fluctuations and mental health

Ruf, Ruben - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015583752

Attention allocation of investors on social media : the role of prospect theory

Reichenbach, Felix; Walther, Martin J. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626420

Catastrophic risk perception and the shared burden effect : an experimental study using prospect theory

Manghi, Riccardo; Di Cagno, Daniela - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475452

Taxing carbon, framing responsibility : how framing, licensing and beliefs shape individual responsibility under carbon taxes

Guigourez, Mathieu - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617994

Does Message Framing Matter for Tax Compliance? Evidence from a WhatsApp Field Experiment

Antonacci, Paulo; Chattha, Muhammad Khudadad; Soko, … - 2026

This study evaluates whether low-cost digital nudges delivered via WhatsApp can improve property tax compliance in Gorontalo, Indonesia. In a randomized controlled trial, individuals were as-signed to receive either (i) a soft-tone message emphasizing civic duty and public benefits, (ii) a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613901

Behavioral attenuation

Enke, Benjamin; Graeber, Thomas; Oprea, Ryan; Yang, Jeffrey - 2026

We report the results of over 30 experiments to study the elasticity of economic decisions with respect to fundamentals. Our experiments cover a broad range of domains, from choice and valuation to belief formation, from strategic games to generic optimization problems, involving investment,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614359

Who You Text Matters : Gendered Effects of Text Message Framing and Social Influence on Youth Training Enrollment

Anna, Jeannie; Boa, Patrice; Delavallade, Clara; Evans, … - 2026

This study evaluates a randomized trial in Côte d’Ivoire, implemented by the Africa Gender Innovation Lab (GIL), which tested whether varying the content and recipient of SMS reminders can increase enrollment among young people who had pre-registered for a skills training program. Messages...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015597416

Prospect theory in the field : revealed preferences from mutual fund flows

Han, Bing; Sui, Pengfei; Yang, Wenhao - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580459

Information framing and student decisions : evidence from an opportunity cost intervention

Behlen, Lars; Brade, Raphael; Himmler, Oliver; Jäckle, … - 2026

Opportunity costs are central to economic decision-making but often neglected. In a pre-registered experiment with 2,222 German university freshmen, one treatment provides salary information; another additionally frames it as the opportunity cost of delayed graduation. Only the opportunity cost...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015603856

Effects of price path shapes and decision frames on emotions and investment decisions : experimental evidence

Cordes, Henning; Decke, Philipp; Nolte, Sven; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626639

Abstract vs. concrete messages : reassessing the impact of construal level on prosocial behavior

Sheehan, Benjamin; Dissanayake, Pramodhya - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638532

When wording changes what we find : the impact of inflation expectations on spending

Assenza, Tiziana; Huber, Stefanie J.; Mogilevskaja, Anna; … - 2026

We use a randomized experiment in the Bundesbank Online Panel-Households (n ≈ 3, 900) to show that the estimated link between inflation expectations and household consumption flips sign depending on survey wording. This finding reconciles prior contradictory results and has direct implications...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639077

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When wording changes what we find : the impact of inflation expectations on spending

Assenza, Tiziana; Huber, Stefanie J.; Mogilevskaja, Anna; … - 2025

Book / Working Paper

Leveraging probability distortion to target prevention : a cardiovascular screening experiment in the Philippines

Baillon, Aurélien; Capuno, Joseph J.; Kraft, Aleli; … - 2026

We test whether a conditional cash lottery targets prevention on those doing too little because of inverse-S probability distortion that also causes overvaluation of a lottery. Consistent with theory, Filipinos perceiving their cardiovascular disease (CVD) risk in a wide intermediate interval...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644858

Comment on “Mental accounts and consumption sensitivity across the distribution of liquid assets” by Graham and McDowall (2026)

Gimeno-Ribes, Jaime - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655630

Staging the lie : the impact of framing and content on the visibility of fake business news

Illia, Laura; Zyglidopoulos, Stelios C.; Bantimaroudis, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656173

Ethos-based entrepreneurial framing : the case study of Alibaba’s Jack Ma

Chang, Shu-Chen; Hung, Hua-Wei - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647225

Behavioral biases in investment decisions

Nahidi, Narmin - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651180

Cooperation within EDI-oriented institutional framing

Clot, Sophie; Della Giusta, Marina; Dubois, Florent; … - 2026

How can cooperation be sustained in socially heterogeneous settings when institutions explicitly emphasize inclusion and diversity? We study this question using a field experiment based on a common-pool resource game conducted in four European cities. Participants face a repeated cooperation...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015665834

Evolution of "pay-it-forward" in the presence of the temptation to free-ride

Uchida, Satoshi; Sasaki, Tatsuya; Yamamoto, Hitoshi; … - 2024

Paying it forward" is a behavior in which people help someone else because they were helped in the past. Although experimental evidence exists that indicates that real human beings often "pay-it-forward" even in the face of free-rider risks, the theoretical basis for the evolution of this...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014636252

Automated machine learning and asset pricing

Healy, Jerome V.; Gregoriou, Andros; Hudson, Robert - 2024

We evaluate whether machine learning methods can better model excess portfolio returns compared to the standard regression-based strategies generally used in the finance and econometric literature. We examine 17 benchmark factor model specifications based on Expected Utility Theory and theory...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015066381

Dynamic liability-driven investment under sponsor's loss aversion

Lee, Dong-Hwa; Sung, Jooho - 2024

This paper investigates a dynamic liability-driven investment policy for defined-benefit (DB) plans by incorporating the loss aversion of a sponsor, who is assumed to be more sensitive to underfunding than overfunding. Through the lens of prospect theory, we first set up a loss-aversion utility...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014497331

Market equilibrium and the cost of capital with heterogeneous investment horizons

Levy, Moshe; Levy, Haim - 2024

Expected returns, variances, betas, and alphas are all non-linear functions of the investment horizon. This seems to be a fatal conceptual problem for the capital asset pricing model (CAPM), which assumes a unique common horizon for all investors. We show that under the standard assumptions, the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014497444

Prospects of deterrence : deterrence theory, representation and evidence

Sörenson, Karl - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014514942

Does prior success influence risk-taking in foreign location decisions? : a prospect theory perspective

Schwaiger, Kathrin; Hennrich, Petra; Fisch, Jan Hendrik - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015135180

The relative importance of the contrast and assimilation effects in decisions under risk

Heilprin, Eden; Erev, Ido - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015154637

Actual and declared attitudes towards financial risk among students of the University of Warmia and Mazury in Olsztyn

Brzezicka, Justyna; Pirożek, Katarzyna; Grabowski, Paweł - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640948

Extreme outcomes accentuate overweighting of low probabilities and underweighting of high probabilities in experience-based choice

Elston, Thomas W.; Leuthold, Hartmut; Mackenzie, Ian G.; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014536448

Risks and benefits of future travel with hyperloop : a multi-analytical approach

Kang, Sung-Eun - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015595513

Universe-gaming and recommendation-herding in Aggregate Bonds

Xanthopoulos, Apostolos - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638220

Can reference-dependent loss aversion explain choice behaviour?

Puerta, Inmaculada R.; Pinto Prades, José Luis - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015485758

Risk attitudes towards on-demand insurance : an experimental study

Chang, Hsiao-Yin; Schmeiser, Hato - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015371452

Framing biases in plea bargaining decisions : insights from the psychology of medical decision making

Wolfe, Christopher R. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372186

The last hurrah effect : end-of-period temporal landmarks increase optimism and financial risk-taking

Shah, Avni M.; Li, Xinlong - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374343

Stocks as lotteries? : an experimental test of expected utility vs behavioral models

Corgnet, Brice; Kpegli, Yao Thibaut; Magnani, Jacopo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015337453

Managerial incentives and firm risk taking : the mediating role of corporate social responsibility

Yin, Desheng; Wang, Michael; Sun, Yufan; Wang, Haizhi; … - 2025

In this study, we focus on managerial incentives provided by debt-like compensation and further investigate whether and to what extent such managerial incentives may affect CEOs' decisions on risk management. Building on cumulative prospect theory and instrumental stakeholder theory, we propose...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015358952

Portfolio choice with narrow framing and loss aversion : a simplified approach

Grant, Andrew; Kwon, Oh Kang; Satchell, Stephen - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015325202

Loss aversion, moral hazard, and stochastic contracts

Ho, Hoa - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015386731

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Loss aversion, moral hazard, and stochastic contracts

Ho, Hoa - 2021 - Draft: March 10, 2021

Edition: Draft: March 10, 2021

Book / Working Paper

Kindred spirits : cognitive frame similarity and good faith provisions in strategic alliance contracts

Hanisch, Marvin; Graf-Vlachy, Lorenz; Häussler, Carolin; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015386836

Prospect theory and psychological factors in football : effects of the video assistant referee on penalty conversion rates in the German Bundesliga

Böttger, Tom; Vischer, Lars - 2025

The increasing integration of technological aids, such as the video assistant referee (VAR), is fundamentally transforming decision-making processes in professional football, especially influencing critical match moments. Penalty kicks, characterised by technical simplicity but intense...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015393746