Predicting Human Operator’s Decisions Based on Prospect Theory
نویسندگان
چکیده
منابع مشابه
Prospect theory and liquidation decisions
We solve a liquidation problem for an agent with preferences consistent with the prospect theory of Kahneman and Tversky (1979). We find that the agent is willing to hold a risky project with a relatively inferior Sharpe ratio if the project is currently making losses, and intends to liquidate it when it breaks even. On the other hand, the agent may liquidate a project with a relatively superio...
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ژورنال
عنوان ژورنال: Interacting with Computers
سال: 2020
ISSN: 0953-5438,1873-7951
DOI: 10.1093/iwcomp/iwaa016