Alle zwei Jahre will das Bankeninstitut der Universität Zürich wissen, was die Schweizer mit ihrem Vermögen machen. Die überraschende Erkenntnis: Der Anteil an Aktionären ist in den letzten Jahren gesunken.

We study the influence of systematic probability misestimation on complexfinancial investment decisions on the context of structured financialproducts. Structured products have in recent years become more and morecomplex. We study the question whether this complexity might be a...

Evolutionary nance studies the dynamic interaction of investment strategies in nancialmarkets. This market interaction generates a stochastic wealth dynamics on aheterogenous population of traders through the uctuation of asset prices and theirrandom payos. Asset prices are endogenously...