New concept for the value function of prospect theory
In prospect theory, the value function is typically concave for gains and convex for losses, with losses usually having a steeper slope than gains. The neural system responds differently to losses and gains. Five new studies on neurons related to this issue have examined neuronal responses to losses...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
AIMS Press
2024-11-01
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| Series: | Quantitative Finance and Economics |
| Subjects: | |
| Online Access: | https://www.aimspress.com/article/doi/10.3934/QFE.2024028 |
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