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dc.contributor.authorLiu, Weifangzh_CN
dc.contributor.authorHan, Xiaoxuezh_CN
dc.contributor.author韩晓雪zh_CN
dc.date.accessioned2015-07-22T02:06:28Z
dc.date.available2015-07-22T02:06:28Z
dc.date.issued2014zh_CN
dc.identifier.citationWIT Transactions on Information and Communication Technologies, 2014,52:1033-1038zh_CN
dc.identifier.issn1743-3517zh_CN
dc.identifier.other20141217483883zh_CN
dc.identifier.urihttps://dspace.xmu.edu.cn/handle/2288/85641
dc.descriptionConference Name:2013 International Conference on Services Science and Services Information Technology, SSSIT 2013. Conference Address: Wuhan, China. Time:November 7, 2013 - November 8, 2013.zh_CN
dc.descriptionWIT Transactions on Information and Communication Technologieszh_CN
dc.description.abstractIn this paper, we propose a new stochastic dominance criterion. We call it the modified prospect stochastic dominance (MPSD). As we show in this paper, MPSD is based on the framework of modified prospect theory. In order to analyze the MPSD clearer, we derive the equivalent expression of MPSD rule in the form of return distribution and give a detailed proof. At last, we analyze whether the modified prospect theory is consistent with capital asset pricing model (CAPM). We get the conclusions as follows: Based on the normally distributed returns, if the equilibrium of the financial market exists, the security market line theorem and CAPM holds. ? 2014 WIT Press.zh_CN
dc.language.isoen_USzh_CN
dc.publisherWITPresszh_CN
dc.source.urihttp://dx.doi.org/10.2495/SSSIT2013zh_CN
dc.subjectCommercezh_CN
dc.subjectNormal distributionzh_CN
dc.titleDoes the modified prospect theory consist with CAPM?zh_CN
dc.typeConferencezh_CN


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