Behavioral finance tries to make sense of financial data using models that are based on
psychologically accurate assumptions about people's beliefs, preferences, and cognitive …

How do low interest rates affect investor behavior? We demonstrate that individuals “reach
for yield,” that is, have a greater appetite for risk-taking when interest rates are low. Using …

Using a theorem showing that matching probabilities of ambiguous events can capture
ambiguity attitudes, we introduce a tractable method for measuring ambiguity attitudes and …

Finance is in the midst of a paradigm shift, from a neoclassical based framework to a
psychologically based framework. Behavioral finance is the application of psychology to …

This study is driven by a company engaged in renewable resource recovery. As the
company's battery recycling market continuous continues to grow, the existing recycling …

The newsvendor problem is a fundamental decision problem in operations management.
Various independent experimental studies in laboratory settings have shown similar …

Multiple experts decision-making (MEDM) can be regarded as a situation where a group of
experts are invited to provide their opinions by evaluating the given alternatives, and then …

In this paper, a method based on prospect theory is proposed to solve the multiple attribute
decision making (MADM) problem considering aspiration-levels of attributes, where attribute …

This study focuses on an agricultural supply chain with a capital-constrained manufacturer, a
bank and an insurer under three power structures: insurer-led Stackelberg (IS), bank-led …

We consider an optimal insurance design problem for an individual whose preferences are
dictated by the rank‐dependent expected utility (RDEU) theory with a concave utility function …