The role of the marginal rate of substitution of wealth for a loss averse investor

Hlouskova J & Tsigaris P (2016). The role of the marginal rate of substitution of wealth for a loss averse investor. Economics Bulletin 36 (4): 2250-2260.

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Abstract

The marginal rate of substitution and the relative prices of goods have been used in economics to explain household's
behavior but they have not been used yet in the behavioral economics literature. This note attempts to fill the gap in
the literature with an application to a loss averse investor's demand for a risky asset in a one period model.

Item Type: Article
Research Programs: Ecosystems Services and Management (ESM)
Depositing User: Michaela Rossini
Date Deposited: 02 Dec 2016 14:08
Last Modified: 24 Mar 2017 10:27
URI: http://pure.iiasa.ac.at/14061

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