In view of the established presence of wide deviations of US-listed country ETFs' prices from their net asset values, we study whether feedback trading exists in this category of ETFs and whether it varies with their premiums and discounts. Using a sample of nineteen country ETFs for the...

We examine the impact of return predictability and parameter uncertainty on investors' long-term portfolio allocations in the context of disappointment aversion. We find persisting horizon effects, with stocks appearing progressively more attractive at longer horizons as opposed to shorter ones....

Either in the form of nature’s wrath or a pandemic, catastrophes cause major destructions in societies, thus requiring policy and decision makers to take urgent action by evaluating a host of interdependent parameters, and possible scenarios. The primary purpose of this pa-per is to propose a...