Nonparametric Tests of Models of Investor Behavior

B-Tier
Journal: Journal of Financial and Quantitative Analysis
Year: 1983
Volume: 18
Issue: 3
Pages: 269-278

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The standard models of consumer behavior under uncertainty are the expected utility model and the mean-variance model. As with any models involving unobservables one might well ask about the empirical content of these hypotheses: what restrictions on observed behavior do these models impose? How can one test observed behavior for consistency with these models? How can one recover the underlying utility function and forecast behavior in new situations?

Technical Details

RePEc Handle
repec:cup:jfinqa:v:18:y:1983:i:03:p:269-278_01
Journal Field
Finance
Author Count
1
Added to Database
2026-01-29