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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...
Persistent link: https://www.econbiz.de/10009467010
Ziel der Diplomarbeit ist es, aufzuzeigen, welche Einflussfaktoren auf den Kapitalanleger aus ökonomischer, soziologischer und psychologischer einwirken. Unter diesen Gesichtspunkten wird der Wandel des Anlageverhaltens eines Individuums in seinem fortschreitenden Lebenszyklus betrachtet.Durch...
Persistent link: https://www.econbiz.de/10009434253
. Insgesamt war der Einfluß der Persönlichkeitseigenschaften auf das Anlageverhalten jedoch relativ gering, und dabei vor allem …
Persistent link: https://www.econbiz.de/10009467423
Die Dissertation befasst sich mit der praktischen Umsetzung der Behavioral-Finance-Theorie im Bereich des Asset … stabil sind, wie es die Behavioral-Finance-Theorie vermuten lässt. Die Verbreitung der nachgebildeten Anlagestrategien in der … genannten Behavioral-Finance-Fonds, bezieht sich in der Außenkommunikation auf die Behavioral-Finance-Theorie. Tatsächlich …
Persistent link: https://www.econbiz.de/10009467430
In recent years high-frequency finance has become one of the most active research fields in finance and economics. The wide-spread availability of high-frequency datasets has particularly spurred research within this field and has, in turn, given birth to the rapidly expanding bridge between...
Persistent link: https://www.econbiz.de/10009471665
The new Basel Capital Adequacy Accord (Basel III) is an agreement among countries' central banks and bank supervisory authorities on the amount of capital banks must hold as a cushion against losses and insolvency. Basel III is of concern to Congress mainly because it could put U.S. financial...
Persistent link: https://www.econbiz.de/10009474996
balanced only as an odd piece of luck. The purchasing power parity theory of the exchange rate is not the whole story : the …
Persistent link: https://www.econbiz.de/10009477833
George Zis, David Cobham and Athanasios Papadopoulos. The cost of political intervention in monetary policy. International Finance, 2004, vol. 7, no. 3, pages 471-493. Published by and copyright Wiley-Blackwell Publishing. The definitive version of this article is available from...
Persistent link: https://www.econbiz.de/10009455085
The study of technological innovation covers a broad range of issues. Everything, from the public funding of science, research policy to the role of universities, from the business development of new products and services, the financing of innovation, institutional arrangements through to the...
Persistent link: https://www.econbiz.de/10009481928
The world has entered a global recession that is causing widespread business contraction, increases in unemployment, and shrinking government revenues. The process for coping with the crisis by countries across the globe has been manifest in four basic phases. The first has been intervention to...
Persistent link: https://www.econbiz.de/10009482932