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The PD-Utility Function for Prospect Behavior and Related Researches

Abstract - Introduction

Basic Assumptions

Partial Distribution and the method of measuring RL

The prospect utility function and analysis of risk preference

Analysis of Pd-Utility Function Characteristics

Comparison Analysis between losing and profiting utility

Analytic essential indexes about RP

The Calculating Formula for the optimal value for RL

Conclusions and Remarks

References

Books Related

Feng Dai:

The PD-Utility Function for Prospect Behavior and Related Researches

Keywords:Finanza Comportamentale

Based on Partial Distribution, we put forward a PD-utility function of prospect behavior for the first time, the profiting utility function and losing utility function. The PD-utility function can reflect sufficiently the human’s risk preferences properties to profiting or losing, describe and bring to light availably the important relations between profiting utility and losing utility, and interpret many conclusions in Daniel Kahneman’s prospect theory in analytic way.

Prof. Feng Dai, Prof. Song-tao Wu, Prof. Ya-jun Zhuang

Department of Management Science, Zhengzhou Information Engineering University

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