Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 29, 2013 erstellt
Beschreibung:
Every day we make decisions under risk often due to an uncertain future. In order to make decisions about the future, we must create a model able to convert uncertainty into risk probabilities. Understanding how we make decisions under risk has been the subject of a plethora of research. This paper updates the current literature and uses behavioral finance as a springboard from which it investigates developments in genetic mapping, which are proving useful in explaining why some individuals are better than others at modeling risk, and may help differentiate the lucky from the skillful in financial decision making