The Prospect Theory Utility Function and Empirical Evidence for the Post of Pandemic Situation

Abstract

This study examines the behavior of stock trading activities and JCI that cause noise after the Covid-19 pandemic. The research methodology carried out is qualitative research by conducting analysis sourced from library materials or also known as literature research. The sample data observed is stock trading data and JCI for the period December 2020 - 2021. The results of this research observation found during a pandemic. In addition, investors are completely correcting and overreactions that occur at trading intervals during the pandemic. Our analysis has adopted a new framework for determining stock market prices.