Prospect Theory and Mutual Fund Flows
(2021)
Journal Article
Gu, A., & Yoo, H. I. (2021). Prospect Theory and Mutual Fund Flows. Economics Letters, 201, Article 109776. https://doi.org/10.1016/j.econlet.2021.109776
We evaluate the hypothesis that investors seek portfolios that display attractive return distributions in terms of Prospect Theory (PT). We consider the mutual fund market in the U.S. as an interesting testbed because fund investors are known to be r... Read More about Prospect Theory and Mutual Fund Flows.