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Utility, Rationality and Beyond – from Behavioral Finance to Informational Finance

By: Sukanto Bhattacharya

... HEXIS Phoenix 2005 2 This book can be ordered in a paper bound reprint from: Books on Demand ProQuest Informat... ... ISBN: 1-931233-85-3 Standard Address Number: 297-5092 Printed in the United States of America 3 Acknowledgements The author gr... ... ISBN: 1-931233-85-3 Standard Address Number: 297-5092 Printed in the United States of America 3 Acknowledgements The author grate... ... 1-931233-85-3 Standard Address Number: 297-5092 Printed in the United States of America 3 Acknowledgements The author gratefully ackno... ...f America 3 Acknowledgements The author gratefully acknowledges the continued support, guidance and inspiration from his supervisor Dr. Ku... ...s in the region sky-rocketed. According to one insurer, more than 650,000 State Farm policyholders in the eight states near the fault added an 11 ... ...be quite different. This is because, unlike other tangible assets such as houses or cars, when one portfolio of financial assets collapses, virtually... ...ty on an option with a shorter time to expiration will be indicative of a lower implied volatility on an option with a longer time 22 to expiratio... ...oped to suppress this dissonance. As individual suggestibilities are at a lower level compared to the group suggestibility, these self-rationalizatio...

...This work covers a substantial mosaic of related concepts in utility theory as applied to financial decision-making. It reviews some of the classical notions of Benthamite utility and the normative utility paradigm offered by the von Neumann-Morgenstern expected utility theory; expl...

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