This study examines whether individuals' time preferences are affected by the damage resulting from the tsunami in the Great East Japan Earthquake of 2011, using panel surveys before and after the earthquake. When the change in time preferences is measured using the (â, ä) model, I find that...

This paper proposes a novel test of zero pricing errors for the linear factor pricing model when the number of securities, N, can be large relative to the time dimension, T, of the return series. The test is based on Student t tests of individual securities and has a number of advantages over...

This study examines whether individuals' time preferences are affected by the damage resulting from the tsunami in the Great East Japan Earthquake of 2011, using panel surveys before and after the earthquake. When the change in time preferences is measured using the (β, δ) model, I find that...