Detail publikačního výsledku

Measurement of Private Investor's Loss Aversion

ŠKAPA, S.

Original Title

Measurement of Private Investor's Loss Aversion

English Title

Measurement of Private Investor's Loss Aversion

Type

Peer-reviewed article not indexed in WoS or Scopus

Original Abstract

This paper gives an empirical view on behaviorance of private investor who is loss averse and whether a loss aversive private investor should invest into such risky assets as equity? The main focus is on the use of robust statistical methods and prospect theory for estimation of equity indexes' selected characteristics, mainly risk characteristics. The paper contains a detail discussion, which one risk metric for assets seems suitable for private investor who is loss averse.

English abstract

This paper gives an empirical view on behaviorance of private investor who is loss averse and whether a loss aversive private investor should invest into such risky assets as equity? The main focus is on the use of robust statistical methods and prospect theory for estimation of equity indexes' selected characteristics, mainly risk characteristics. The paper contains a detail discussion, which one risk metric for assets seems suitable for private investor who is loss averse.

Keywords

Expected utility theory, prospect theory, loss aversion, equity, bootstrap

Key words in English

Expected utility theory, prospect theory, loss aversion, equity, bootstrap

Authors

ŠKAPA, S.

RIV year

2013

Released

31.12.2012

ISBN

1802-8527

Periodical

Trendy ekonomiky a managementu

Volume

6

Number

11

State

Czech Republic

Pages from

62

Pages to

68

Pages count

6

Full text in the Digital Library

http://hdl.handle.net/

BibTex

@article{BUT97788,
  author="Stanislav {Škapa}",
  title="Measurement of Private Investor's Loss Aversion",
  journal="Trendy ekonomiky a managementu",
  year="2012",
  volume="6",
  number="11",
  pages="62--68",
  issn="1802-8527"
}