關鍵字查詢 | 類別:會議論文 | | 關鍵字:Estimating Risk Preferences for Most Investors

[第一頁][上頁]1[次頁][最末頁]目前在第 1 頁 / 共有 01 筆查詢結果
序號 學年期 教師動態
1 107/1 風保系 汪琪玲 教授 會議論文 發佈 Estimating Risk Preferences for Most Investors , [107-1] :Estimating Risk Preferences for Most Investors會議論文Estimating Risk Preferences for Most InvestorsRachel, R. Huang; Kili C. WangAlmost stochastic dominance; portfolio selection; bootstrapping estimation;American Risk and Insurance Association2018 Annual MeetingThis paper adopts individual portfolio choice data to estimate the preference parameters in almost stochastic dominance (ASD). ASD is a decision criterion for most decision makers to rank distributions on the basis of riskiness. Existing empirical studies have shown that ASD is helpful in explaining some puzzles in …nance and could be applied to evaluate investment strategies. Their conclusions heavily rely on the estimation of the preference parameters in the ASD rules provided by Levy et al. (2010). However, the estimation of Levy et al. (2010) is obtained from arti…cial tasks designed in a lab- oratory by using students as subjects and adopts an incorrect condition for the almost second-degree stochastic dominance. Our pape
[第一頁][上頁]1[次頁][最末頁]目前在第 1 頁 / 共有 01 筆查詢結果