Genetically modified foods have been at the center of debate in European consumer policy in the last two decades. Although the quasi-moratorium has been lifted in May 2004 and the road to the market is in principle reopened, strategies for product introduction are lacking. The aim of the...

Das Thema dieser Arbeit ist der Einfluss von Medienberichterstattung auf wirtschaftliche und politische Einstellungen. Aufgabe war es, die Interaktion zwischen politischem oder wirtschaftlichem Subjekt, den Medien als ?bermittler von Information und der Realwelt empirisch zu untersuchen. Aus...

In this master thesis a mechanism to test mononicity of empirical pricing kernels (EPK) is presented. By testing monotonicity of pricing kernel we can determine whether utility function is concave or not. Strictly decreasing pricing kernel corresponds to concave utility function while...

This thesis presents the concept of tail dependence in a financial context as one tool to measure dependence in the extremes of a bivariate distribution. Copulae can separate the problem of estimating a multidimensional distribution into the estimation of the marginal distributions and the...

This paper introduces a behavioural model and an algorithm that allow define classes of investors and draw the size each of them from financial data. The nonparametric pricing kernel estimated from stocks and options quotes allows to derive an estimate of the market utility. At the micro level...