Detail publikačního výsledku

Measurement of Private Investor's Loss Aversion

ŠKAPA, S.

Originální název

Measurement of Private Investor's Loss Aversion

Anglický název

Measurement of Private Investor's Loss Aversion

Druh

Článek recenzovaný mimo WoS a Scopus

Originální abstrakt

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.

Anglický abstrakt

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.

Klíčová slova

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

Klíčová slova v angličtině

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

Autoři

ŠKAPA, S.

Rok RIV

2013

Vydáno

31.12.2012

ISSN

1802-8527

Periodikum

Trendy ekonomiky a managementu

Svazek

6

Číslo

11

Stát

Česká republika

Strany od

62

Strany do

68

Strany počet

6

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"
}