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Economic and Financial Decisions under Risk Louis Eeckhoudt, Christian Gollier, Harris Schlesinger
Publisher: Princeton University Press

New behavioral finance theory seeks to explain people's economic decisions by combining behavioral and cognitive psychological theory with conventional economics and finance. Faculties / Institutes: The Faculty of Economics and Social Studies > Alfred-Weber-Institut for Economics. Over the years, the finance field has experienced paradigm shifts. Richard However, Richard does admit,. Von Neumann and Morgenstern pioneered the use. Metabolic state alters economic decision making under risk in humans. Becomes more and more important to understand how aging affects decision making. 08 April 2013 How the brain makes financial decisions was the opening keynote speech of the 2013 Finance Down Under conference. Under the mean-variance framework, the most appealing portfolios are those offering the highest expected return for a given level of risk. Older adults have to face many situations that require consequential financial decisions. Symmonds M, Emmanuel JJ, Drew ME, Batterham RL, Dolan RJ. In the present study, we examined the effects of aging on decisions in two domains of uncertainty: risk and ambiguity.