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Downside Potential Under Uncertainty: The Perceived Risk of Loss

Eric Barthalon

in Uncertainty, Expectations, and Financial Instability: Reviving Allais's Lost Theory of Psychological Time

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231166287
eISBN:
9780231538305
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231166287.003.0011
Subject:
Economics and Finance, Behavioural Economics

This chapter examines how time can be introduced in the assessment of downside risk, that is, how Maurice Allais's paradox and his theory of psychological time can be combined into the perceived risk ... More


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