This paper examines the day-of-the-week effect on skewness and kurtosis of stock returns of six international stock … markets using a new approach. Empirical results show that a day-of-the-week effect exists on the skewness and kurtosis of all … stock markets except the US market. The portfolio effect on skewness and kurtosis of stock returns across different weekdays …

special case of cubic utility implying skewness preferences. Findings are illustrated by an empirical example. …

In this paper, we experimentally test skewness preferences at the individual level. Several prospects that can be … find that the skewness of a distribution has a significant impact on the decisions. Yet, while skewness has an impact, its … skewness and 10% seem to avoid skewness (at 5% level). On the level of individual decisions we find that the variances of the …

(positive skewness or reward-to-downside risk). Although the marginal reduction of dispersion is less than 1% beyond these …

Country indices as represented by iShares exhibit non-normal return distributions with both skewness and kurtosis …