The impact of regret and rejoicing on the allocation of risky assets (notice n° 206791)
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| fixed length control field | 01613cam a2200217 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112052523.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Bien, Franck |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | The impact of regret and rejoicing on the allocation of risky assets |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2018.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 69 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | In this article, we propose to analyze the impact of regret and rejoicing on the allocation of risky assets. Regret and rejoicing are two emotions that are defined by comparing the result of an action selected by an agent with the result that he could have obtained from an alternative action. We show that the choice of the alternative action impacts the allocation of risky assets. When it is defined in relation to the ex post maximum expected result, the agent only feels regret. This may lead him, for low values of the marginal cost of risk, to retain more risky assets than an agent maximizing a standard expected utility function. In contrast, the agent could express a preference for certainty and define his emotions in relation to what a total investment in risk-free assets would bring him. In this case, we show that investment in risky assets is weaker than the investment made by an agent maximizing a standard expected utility function. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | risky assets |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | rejoicing |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | regret |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | certainty effect |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Lanzi, Thomas |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue d'économie politique | 128 | 4 | 2018-10-11 | p. 613-639 | 0373-2630 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-d-economie-politique-2018-4-page-613?lang=en">https://shs.cairn.info/journal-revue-d-economie-politique-2018-4-page-613?lang=en</a> |
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