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Unethical dilemmas in derivatives practice
Alqatawni, Tahsen - Volkswirtschaftliche Fakultät, … - 2013
of gambling, and spread to extremely large volume. Although, the unethical practices from a financial institution …
Persistent link: https://www.econbiz.de/10011112053
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Grundzüge der Besteuerung von Sportwetten aus Sicht der Praxis
Albers, Norman - Volkswirtschaftliche Fakultät, … - 2011
models under debate and a first empirical outlook of their consequences on the gambling market, especially on the sport …
Persistent link: https://www.econbiz.de/10009647397
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Gambling Preference and the New Year Effect of Assets with Lottery Features
Doran, James; Jiang, Danling; Peterson, David - Volkswirtschaftliche Fakultät, … - 2008
This paper examines whether investors exhibit a New Year's gambling preference and whether such preference impacts …
Persistent link: https://www.econbiz.de/10008636503
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Preference for Skew in Lotteries: Evidence from the Laboratory
Santos-Pinto, Luís; Astebro, Thomas; Mata, José - Volkswirtschaftliche Fakultät, … - 2009
Using a laboratory experiment we investigate how skew in uences choices under risk. We find that subjects make significantly riskier choices when the distribution of payoffs is positively skewed, these choices being driven in part by the shape of the utility function but also by subjective...
Persistent link: https://www.econbiz.de/10005027114
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Liquidität, Risikoeinstellung des Kapitalmarktes und Konjunkturerwartung als Preisdeterminanten von Collateralized Debt Obligations (CDOs) - Eine simulationsgestützte Analyse
Gann, Philipp - Volkswirtschaftliche Fakultät, … - 2009
Gegenstand der vorliegenden Arbeit ist die Analyse des Einflusses der Faktoren Konjunkturerwartung, Risikoaversion des … Risikoaversion des Kapitalmarktes auf die Marktwerte von CDOs verschiedener Seniorität analysiert. Die Höhe der Risikoaversion … und die Höhe der Risikoaversion des Kapitalmarktes die Kreditvergabestandards der Institute zu beeinflussen vermag …
Persistent link: https://www.econbiz.de/10005187262
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Performance Pay and Risk Aversion
Grund, Christian; Sliwka, Dirk - Volkswirtschaftliche Fakultät, … - 2006
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature about the first trade-off. Due to lack of...
Persistent link: https://www.econbiz.de/10005835229
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Measuring Investors' Risk Appetite
Gai, Prasanna; Vause, Nicholas - Volkswirtschaftliche Fakultät, … - 2005
This paper proposes a method for measuring investor risk appetite based on the variation in the ratio of risk-neutral to subjective probabilities used by investors in evaluating possible future returns to an asset. Unlike other indicators advanced in the literature, our measure of market...
Persistent link: https://www.econbiz.de/10005835420
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Estimating risk aversion from ascending and sealed-bid auctions: the case of timber auction data
Lu, Jingfeng; Perrigne, Isabelle - Volkswirtschaftliche Fakultät, … - 2006
Estimating bidders’ risk aversion in auctions is a challeging problem because of identification issues. This paper takes advantage of bidding data from two auction designs to identify nonparametrically the bidders’ utility function within a private value framework. In particular, ascending...
Persistent link: https://www.econbiz.de/10005835752
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Recovering Probabilities and Risk Aversion from Option Prices and Realized Returns
Jackwerth, Jens Carsten; Rubinstein, Mark - Volkswirtschaftliche Fakultät, … - 2003
This paper summarizes a program of research we have conducted over the past four years. So far, it has produced two published articles, one forthcoming paper, one working paper currently under review at a journal, and three working papers in progress. The research concerns the recovery of...
Persistent link: https://www.econbiz.de/10005837385
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Legal Interpretative Process and Litigants’ Cognitive Biases
Deffains, Bruno; Langlais, Eric - Volkswirtschaftliche Fakultät, … - 2008
For contemporary legal theory, law is essentially an interpretative and hermeneutic practice (Ackerman (1991), Horwitz (1992)). A straightforward consequence is that legal disputes between parties are motivated by their divergent interpretations regarding what law says on their case. This point...
Persistent link: https://www.econbiz.de/10005837401