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

By: Sukanto Bhattacharya

... 1 1 HEXIS Phoenix 2005 1 Sukanto Bhattacharya Department of Business Administration Alaska Pacific University, U.S.A. Ut... ... Books on Demand ProQuest Information & Learning (University of Microfilm International) 300 N. Zeeb Road P.O. Box 1346, Ann Arb... ... ISBN: 1-931233-85-3 Standard Address Number: 297-5092 Printed in the United States of America 3 Acknowledgements The author grate... ... ISBN: 1-931233-85-3 Standard Address Number: 297-5092 Printed in the United States of America 3 Acknowledgements The author gratefull... ...f America 3 Acknowledgements The author gratefully acknowledges the continued support, guidance and inspiration from his supervisor Dr. Ku... ...anteed financial structured product and measured the investor’s extrinsic utilities. Our model allows for a seamless integration of quantitative beh... ...ce curve approach to work is (U C1 , U C2 … U Cn ) > 0 i.e. the marginal utilities derived by the consumer from each of the n commodities must be p... ... Sagi, P. Slovic, B. Borkan and N. Katz. Disaster insurance protection: Public policy lessons. Wiley N.Y., 1978. Leland, H. E. and M. Rubinstein... ...enker, and T. V. Bonoma. Cognitive dissonance: Private ratiocination or public spectacle? American Psychologist 26, 1971: 680-695. Tobin, J. Liq...

...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 ...

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