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Investment Management : A Science to Teach or an Art to Learn

Fabozzi, Frank J. - 2015

Following the 2007-09 financial crisis, mainstream finance theory was criticized for failing to forecast the market … crash, which resulted in large losses for investors. Has our finance theory, which many consider an idealization that does … not take reality into account, failed investors? Do we need to reconsider the theory and how it is taught (and practiced …

Persistent link: https://www.econbiz.de/10013027354

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Fershtman, Daniel; Pavan, Alessandro - 2017

We study mediated many-to-many matching in markets in which valuations evolve over time as the result of shocks, learning through experimentation, or a preference for variety. The analysis uncovers the key tradeoffs that platforms face in the design of their matching protocols. It shows that the...

Persistent link: https://www.econbiz.de/10011858085