Auflistung nach Autor "Jakusch, Sven Thorsten"
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On the Applicability of Maximum Likelihood Methods: From Experimental to Financial Data
Jakusch, Sven Thorsten (2013-12-24)This paper addresses whether and to what extent econometric methods used in experimental studies can be adapted and applied to financial data to detect the best-fitting preference model. To address the research question, ... -
Taming Models of Prospect Theory in the Wild? Estimation of Vlcek and Hens (2011)
Jakusch, Sven Thorsten; Meyer, Steffen; Hackethal, Andreas (2016-02-01)Shortcomings revealed by experimental and theoretical researchers such as Allais (1953), Rabin (2000) and Rabin and Thaler (2001) that put the classical expected utility paradigm von Neumann and Morgenstern (1947) into ... -
Taring All Investors with the Same Brush? Evidence for Heterogeneity in Individual Preferences from a Maximum Likelihood Approach
Hackethal, Andreas; Jakusch, Sven Thorsten; Meyer, Steffen (2015-05-19)Abstract. Microeconomic modeling of investors behavior in financial markets and its results crucially depends on assumptions about the mathematical shape of the underlying preference functions as well as their parameterizations. ...