Lin, Jyh-Horng; Huang, Fu-Wei; Chen, Shi - In: Review of Behavioral Finance 11 (2019) 3, pp. 309-323
Purpose: The purpose of this paper is to develop a theoretical framework to answer the following question: What are the consequences of sunflower behavior as well as spread behavior for how asset-liability management is administrated in a life insurance company? Design/methodology/approach:...