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

Hlouskova, JaroslavaORCID: https://orcid.org/0000-0002-2298-0068 and Tsigaris, Panagiotis (2016) The role of the marginal rate of substitution of wealth for a loss averse investor. Economics Bulletin, 36 (4), pp. 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. (author's abstract)

Item Type:	Article in Academic Journal
Date Deposited:	07 Dec 2016 14:25
Last Modified:	13 Nov 2019 11:23
URI:	https://irihs.ihs.ac.at/id/eprint/4122

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