'Risk seeking' diaporamas de présentation

Chapter 17

Chapter 17. Introduction to Decision Analysis. Chapter 17 - Chapter Outcomes. After studying the material in this chapter, you should be able to: Describe the decision-making environments of certainty and uncertainty. Construct both a payoff table and an opportunity loss table.

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Psychology and Personal Finance

Psychology and Personal Finance. Prospect Theory. First, a Video. What is this class about? http://befi.allianzgi.com/en/Topics/Pages/save-more-tomorrow.aspx#. Course Overview. Prospect Theory Heuristics and Biases Sub-Optimal Spending Investment Mistakes Retirement Money and Happiness

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Prospect theory

Prospect theory. Prospect theory. Developed by psychologists Kahneman & Tversky (1979) theory of choice under conditions of risk C an be applied to real life situations

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Imperfect Information / Utility

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Utility Examples

Utility Examples. Scott Matthews Courses: 12-706 / 19-702. Utility Functions. We might care about utility function for wealth (earning money). Are typically: Upward sloping - want more. Concave (opens downward) - preferences for wealth are limited by your concern for risk.

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Civil Systems Planning Benefit/Cost Analysis

Civil Systems Planning Benefit/Cost Analysis. Scott Matthews Courses: 12-706 / 19-702/ 73-359 Lecture 12. Utility Functions. We might care about utility function for wealth (earning money). Are typically: Upward sloping - want more.

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US Value Equity The Renaissance of Conservatism September 2007

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Engineering Economic Analysis

Engineering Economic Analysis. Chapter 1 ? Making Economic Decisions. Rational Decision-Making. You buy a $15 calculator and while paying for it, the cashier, a friend, advises that you can buy the same calculator for $10 in the store around the block. What do you do?

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Modeling risk attitudes

Modeling risk attitudes. Objective: Develop tools to compare alternative courses of action with uncertain outcomes (lotteries or deals). (0.5). $30. A. (0.5). -$15. (0.5). $100. B. (0.5). -$40. Expected monetary value (EMV) is not a good measure of the value of a deal.

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Logit VS Probit

Logit VS Probit. Multicollinearity. Variable | VIF 1/VIF -------------+---------------------- cgpa | 3.51 0.284876 exec | 2.22 0.449574 coe | 2.17 0.459895 cla | 2.11 0.474160 usg | 1.87 0.533809

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