Shefrin - Behavioral & Neoclassical asset pricing theories - 2008
Shefrin - Behavioral & Neoclassical asset pricing theories - 2008
Shefrin - Behavioral & Neoclassical asset pricing theories - 2008
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Inverse S in SP/A<br />
Rank Dependent Utility<br />
Functional Decomposition of Decumulative Weighting Function in SP/A Theory<br />
1.2<br />
1.0<br />
h2(D)<br />
0.8<br />
h(D)<br />
0.6<br />
0.4<br />
h1(D)<br />
0.2<br />
0.0<br />
0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1<br />
D<br />
Copyright Hersh <strong>Shefrin</strong> <strong>2008</strong><br />
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