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Multi-period portfolio with a dynamic reference point considering disappointment feelings

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Reference dependence, disappointment feelings and risk aversion are three important behavioural characteristics; the main concern of this paper is their influence (especially that of reference depe... Click to show full abstract

Reference dependence, disappointment feelings and risk aversion are three important behavioural characteristics; the main concern of this paper is their influence (especially that of reference depe...

Keywords: multi period; reference; portfolio dynamic; period portfolio; disappointment feelings; dynamic reference

Journal Title: Journal of the Operational Research Society
Year Published: 2021

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