This paper gauges consumption and portfolio shares for aggregate assets (i.e. financial, tangible, and human assets …

portfolio containing both domestic short-run assets and foreign short-run assets, exposed to exchange risk, will always have … less portfolio risk than a portfolio of either domestic short-term assets, or foreign short-run assets covered in the …

We show that optimal delegated portfolio management contracts-which serve to screen out uninformed agents and reward …

portfolio with excessive weight assigned to illiquid assets, the optimal consumption path, and wealth decumulation. According to … our findings, higher financial literacy substantially reduces the portfolio imbalance of people aged 50+ by reducing the …

This paper explores how a put option changes the probability distribution of portfolio value. The paper extends the … portfolio distribution to measure riskiness and compare different put options. I report a so-called ‘quantile surface’ that … decrease the quantile, which is equivalent to increasing the riskiness of the portfolio, and leads me to ask: what return will …

contrarian strategy by believing that loser portfolio will experience of rebound conversely degradation at share winner portfolio …