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S-shaped Utility Functions and the Puzzles of the Financial Market: An investigation in behavioral finance - Softcover
Synopsis
Through thorough statistical analysis and analytic calculations, this book reveals the power of S- shaped utility functions for modeling in the financial market. By considering the average of the relative risk aversion (RRA) of the consumers instead of the RRA of the average (representative) consumer, it exhibits an utility that has stable and low mean RRA and avoids the risk-free puzzle present in the most commonly used utilities. The particular form of the RRA as a function of consumption level has important implications for behavioral finance and the potential to explain many psychological phenomena in economics. As an unexpected spin-off, the book shows that the oil shocks were the main causes of havoc in the American financial market in the second half of the XX century, this discovery being deemed relevant for geopolitics and warfare analysis.
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About the Author
Dr. J. J.Farias Neto is presently a researcher at Instituto de Estudos Avançados, CTA, Brazil. He holds a B.Sc. in physics, an M.Sc. in electrical engineering (with a thesis on time series analysis and forecasting), both by PUC-Rio, and is doctor of economics by USP. He has consulted and teached for some big enterprises and universities.
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S-shaped Utility Functions and the Puzzles of the Financial Market
Published by
LAP LAMBERT Academic Publishing Jul 2010, 2010
ISBN 10: 3838383168
ISBN 13: 9783838383163
New
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Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Germany
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Through thorough statistical analysis and analytic calculations, this book reveals the power of S- shaped utility functions for modeling in the financial market. By considering the average of the relative risk aversion (RRA) of the consumers instead of the RRA of the average (representative) consumer, it exhibits an utility that has stable and low mean RRA and avoids the risk-free puzzle present in the most commonly used utilities. The particular form of the RRA as a function of consumption level has important implications for behavioral finance and the potential to explain many psychological phenomena in economics. As an unexpected spin-off, the book shows that the oil shocks were the main causes of havoc in the American financial market in the second half of the XX century, this discovery being deemed relevant for geopolitics and warfare analysis. 112 pp. Englisch. Seller Inventory # 9783838383163
Quantity: 2 available
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S-shaped Utility Functions and the Puzzles of the Financial Market : An investigation in behavioral finance
Published by
LAP LAMBERT Academic Publishing, 2010
ISBN 10: 3838383168
ISBN 13: 9783838383163
New
Taschenbuch
Seller: AHA-BUCH GmbH, Einbeck, Germany
Seller rating 5 out of 5 stars
Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Through thorough statistical analysis and analytic calculations, this book reveals the power of S- shaped utility functions for modeling in the financial market. By considering the average of the relative risk aversion (RRA) of the consumers instead of the RRA of the average (representative) consumer, it exhibits an utility that has stable and low mean RRA and avoids the risk-free puzzle present in the most commonly used utilities. The particular form of the RRA as a function of consumption level has important implications for behavioral finance and the potential to explain many psychological phenomena in economics. As an unexpected spin-off, the book shows that the oil shocks were the main causes of havoc in the American financial market in the second half of the XX century, this discovery being deemed relevant for geopolitics and warfare analysis. Seller Inventory # 9783838383163
Quantity: 1 available
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S-shaped Utility Functions and the Puzzles of the Financial Market
Published by
LAP LAMBERT Academic Publishing, 2010
ISBN 10: 3838383168
ISBN 13: 9783838383163
New
Softcover
Seller: moluna, Greven, Germany
Seller rating 4 out of 5 stars
Condition: New. Seller Inventory # 5418577
Quantity: Over 20 available
Seller Image
S-shaped Utility Functions and the Puzzles of the Financial Market
Published by
LAP LAMBERT Academic Publishing Jul 2010, 2010
ISBN 10: 3838383168
ISBN 13: 9783838383163
New
Taschenbuch
Seller: buchversandmimpf2000, Emtmannsberg, BAYE, Germany
Seller rating 5 out of 5 stars
Taschenbuch. Condition: Neu. Neuware -Through thorough statistical analysis and analytic calculations, this book reveals the power of S- shaped utility functions for modeling in the financial market. By considering the average of the relative risk aversion (RRA) of the consumers instead of the RRA of the average (representative) consumer, it exhibits an utility that has stable and low mean RRA and avoids the risk-free puzzle present in the most commonly used utilities. The particular form of the RRA as a function of consumption level has important implications for behavioral finance and the potential to explain many psychological phenomena in economics. As an unexpected spin-off, the book shows that the oil shocks were the main causes of havoc in the American financial market in the second half of the XX century, this discovery being deemed relevant for geopolitics and warfare analysis.Books on Demand GmbH, Überseering 33, 22297 Hamburg 112 pp. Englisch. Seller Inventory # 9783838383163
Quantity: 2 available