Hedge Fund Manager-Investor Conflicts of Interest : A Numerical Analysis with Loss-Aversion
This thesis investigates the dynamically optimal risk-taking by a loss-averse hedge fund manager who also takes the possibility of fund liquidation into account. To achieve this, a custom version of the Prospect Theory utility-function is deployed. Furthermore, the effects yielded by different varia...
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| Format: | Others |
| Language: | English |
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Norges teknisk-naturvitenskapelige universitet, Institutt for industriell økonomi og teknologiledelse
2014
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| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:no:ntnu:diva-25897 |