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Bleichrodt, Bleichrodt, H. - Erasmus Research Institute of Management (ERIM), … - 2008

Economic evaluations of health care can help to make better medical decisions. Decisions about life and death. Our current methods are wrong. Reality is different from what we did believe. Policy decisions based on our current tools are not at all in the best interests of patients. We,...

Persistent link: https://www.econbiz.de/10010730467

Does Risk Seeking Drive Asset Prices? A stochastic dominance analysis of aggregate investor preferences

Post, Post, G.T.; Levy, Levy, H. - Erasmus Research Institute of Management (ERIM), … - 2002

portfolio relative to benchmark portfolios based on market capitalization, book-to-market equity ratio and momentum. We use …

Persistent link: https://www.econbiz.de/10010731271

The Shape of Utility Functions and Organizational Behavior

Pennings, J.M.E.; Smidts, Smidts, A. - Erasmus Research Institute of Management (ERIM), … - 2002

Based on measurements with 332 owner-managers, the global shape of the utility function (i.e., S-shaped versus concave or convex over the total range of outcomes) appears to discriminate organizational behavior. Whereas the degree of risk aversion, based on the local shape of the utility...

Persistent link: https://www.econbiz.de/10010837620

Global Tactical Cross-Asset Allocation: Applying Value and Momentum Across Asset Classes

Vliet, Pim van; Blitz, Blitz, D.C. - Erasmus Research Institute of Management (ERIM), … - 2008

little attention in the existing literature. Our main finding is that momentum and value strategies applied to GTAA across … bottom-quartile portfolio based on a combination of momentum and value signals we find a return of 12% per annum over the …

Persistent link: https://www.econbiz.de/10010730936

The Success Of Stock Selection Strategies In Emerging Markets: Is It Risk Or Behavioral Bias?

van Dijk, Dick; van der Hart, J.; de Zwart, de Zwart, G.J. - Erasmus Research Institute of Management (ERIM), … - 2005

significant excess returns of selection strategies based on value, momentum and earnings revisions indicators. The findings for … value and momentum strategies are consistent with the evidence from developed markets supporting behavioral explanations. In … portfolio formation, setting this strategy apart from momentum strategies. …

Persistent link: https://www.econbiz.de/10010731276

A Modular Agent-Based Environment for Studying Stock Markets

Kaymak, Uzay; Boer-Sorban, Boer-Sorban, K.; de Bruin, … - Erasmus Research Institute of Management (ERIM), … - 2005

Artificial stock markets are built with diffuse priors in mind regarding trading strategies and price formation mechanisms. Diffuse priors are a natural consequence of the unknown relation between the various elements that drive market dynamics and the large variety of market organizations,...

Persistent link: https://www.econbiz.de/10010730908

Testing for Stochastic Dominance with Diversification Possibilities

Post, Post, G.T. - Erasmus Research Institute of Management (ERIM), … - 2001

We derive empirical tests for stochastic dominance that allow for diversification between choice alternatives. The tests can be computed using straightforward linear programming. Bootstrapping techniques and asymptotic distribution theory can approximate the sampling properties of the test...

Persistent link: https://www.econbiz.de/10010731234

Modes of governance of new service development for mobile networks. A life cycle perspective

van den Ende, van den Ende, J.C.M. - Erasmus Research Institute of Management (ERIM), … - 2002

This paper focuses on governance modes for service development of mobile telephone networks (GSM, WAP, GPRS, UMTS). 'Services' refer to services embodying a specific content. The paper shows that the phase of the life cycle of the network and the service affects the choice of governance mode of...

Persistent link: https://www.econbiz.de/10010731343

Do Countries or Industries Explain Momentum in Europe?

Swinkels, Laurens A. P.; Verbeek, Marno; Nijman, … - Erasmus Research Institute of Management (ERIM), … - 2002

The driving force behind the well-documented medium term momentum effect in stock returns is subject of much debate … the discussion by investigating the presence of country and industry momentum in Europe and addressing the question … whether individual stock momentum is subsumed by country or industry momentum.We examine these issues by introducing a …

Persistent link: https://www.econbiz.de/10010731427

Testing for Third-Order Stochastic Dominance with Diversification Possibilities

Post, Post, G.T. - Erasmus Research Institute of Management (ERIM), … - 2002

We derive an empirical test for third-order stochastic dominance that allows for diversification between choice alternatives. The test can be computed using straightforward linear programming. Bootstrapping techniques and asymptotic distribution theory can approximate the sampling properties of...

Persistent link: https://www.econbiz.de/10010731536