assistance tended to have larger numbers of foreign direct investments. …

concerning foreign fundamentals. On a learning path, differences in beliefs and estimation risk generate portfolio biases similar …

the high risk premium and Sharpe ratios offered by small capitalization stocks. On the contrary small caps command large … optimal weights when the investor ignores variance risk, by incorrectly assuming joint normality of returns. These results …

-kurtosis. Because of this feature, a power utility investor ought to hold a well-diversified portfolio, despite the high risk premium … the investor ignores variance risk, by incorrectly assuming joint normality of returns. The dominant factor in inducing … and volatilities. We calculate that if an investor were to ignore co-skewness and co-kurtosis risk, he would suffer a …

corresponding investments expenditures over the cycle. Furthermore, explaining these observations with a household credit channel …