Abstract

The empirical research of risk preference based on prospect theory: A case study of China large state owned enterprise managers

Author(s): Zhang Yingyu, Bo Xiaodong, Shao Wei, Luan Hui

To test the applicability of prospect theory, 252 China large state-owned enterprises managers are surveyed. Results show that: Main assumptions and conclusions of prospect theory is generally applicable to China Large state-owned enterprise managers; There is little difference between our results and foreign countries in the parameter estimation of value function and weight function; There is different risk preference distribution among different types individual at different situation and different probability; 30% of individuals do not accord with the assumption that the individual data for probabilities of the risk attitude coefficients should be in the range between 0.05 and 0.95.


Share this       

Share this Page

Table of Contents

Scimago Journal Rank

SCImago Journal & Country Rank

Flyer