, which seeks to smooth consumption over the lifecycle. We explain how two psychological biases-exponential growth bias and … present bias-can lead to a difference between the initial value of a pension contribution and its present value, such a …

behavioural biases such as representativeness, self-serving, overconfidence, loss aversion, and hindsight bias. Using data … overconfidence bias are positively related to financial literacy. Furthermore, some biases exhibit a stronger quantitative … relationship with financial literacy than others. For example, hindsight bias displays the strongest link to financial literacy …

derive the asymptotic hedging error for options under a generalised jump-diffusion model with kernel bias, which nests a …

Observed international diversification implies an investment home bias (IHB). Can bivariate preferences with a local …

variables bias. This study shows that the proposed solution that is often cited in the real estate economics literature does not …

stage one is positive by using log-linear regression. Secondly, we correct the bias that results from the transformation … apply the smearing technique in order to correct this bias. An alternative means of implementing the PBS approach is to use … almost completely eliminates the bias; (3) NLLS gives biased option values, but the bias is less severe than with standard …