What distinguishes prospect theory from subjective expected utility (SEU) theory?

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Behavioral Finance

ISBN: 9780190868741

1st Edition

Authors: H. Kent Baker, Greg Filbeck, John R. Nofsinger

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Question Posted: Feb 23, 2024 04:00 AM

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What distinguishes prospect theory from subjective expected utility (SEU) theory?

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Prospect theory assumes that choice behavior is often determined by changes in wealth and the subj...View the full answer

Behavioral Finance

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