for the existence of arbitrage opportunities or free lunches with vanishing risk, of the form of waiting to buy and …

Define the riskiness of a gamble as the reciprocal of the absolute risk aversion (ARA) of an individual with constant … “duality” axiom which, roughly speaking, asserts that less risk-averse individuals accept riskier gambles. The index is …

-organization fit theory, and thus, the compatibility between the employee's personality and the prevailing culture in their …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under … behaviour under utility theory is incompatible with scarcity of resources, making behaviour consistent with EUT irrational and …

horizons. Moreover two-factor models, with both rate of return and risk included has been created, to compare the significance … of rate of return and risk factor. Findings& Value added:The results indicated, that more expensive Polish mutual funds … in 2015 tended to perform worse in all tested time horizons - both in terms of lower rates of return and higher risk …