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Persistent link: https://www.econbiz.de/10005729365
Among analysts, technical trading rules are widely used for forecasting security returns. Recent literature provides edivende that these rules may provide positive profits after accounting for transaction costs. This would be contrary to the theory of the efficient market hypothesis which states...
Persistent link: https://www.econbiz.de/10005729377
Persistent link: https://www.econbiz.de/10005729378
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This paper estimates the effects of short and long haul volatility (or risk) in monthly Japanese tourist arrivals to … former has an asymmetric effect on risk from positive and negative shocks of equal magnitude, while the latter has no … the issues related to risk and leverage effects, are also applicable to international tourism flows. …
Persistent link: https://www.econbiz.de/10008527482
This paper examines risk transmission and migration among six US measures of credit and market risk during the full … price. There are more long-run equilibrium risk relationships and short-run causal relationships among the four oil … long run and also leads in the risk discovery process in the short run. On the other hand, the CDS spread of the highly …
Persistent link: https://www.econbiz.de/10009002352
Both the law and culture make a central distinction between acts of commission that overturn the status quo and acts of omission that uphold it. In everyday life acts of commission often elicit stronger reciprocal responses than do acts of omission. In this paper we compare reciprocal responses...
Persistent link: https://www.econbiz.de/10010907397
This paper reports an experiment evaluating the effect of gift giving on building trust in a relationship. We have …
Persistent link: https://www.econbiz.de/10005056480
This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is …’s payoff with a 50% probability by 1 Euro and with a 50% probability by 3 Euros. We find that in all cases the risk …
Persistent link: https://www.econbiz.de/10005056481