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This paper studies two frequently observed portfolio behaviors that are seemingly inconsistent with rational portfolio choice. The first is the tendency of workers and entrepreneurs to hold their company's stock. The second is the propensity of workers to limit their equity holdings through...
Persistent link: https://www.econbiz.de/10010729240
This paper studies two frequently observed portfolio behaviors that are seemingly inconsistent with rational portfolio choice. The first is the tendency of workers and entrepreneurs to hold their company's stock. The second is the propensity of workers to limit their equity holdings through...
Persistent link: https://www.econbiz.de/10010548097
Erkenntnis, dass immobilienbezogene Entscheidungen langfristig über den gesamten Lebenszyklus zu treffen sind, damit ein …
Persistent link: https://www.econbiz.de/10011263014
Partnership-Projekten wurde von Juni 2008 bis Oktober 2010 das Forschungsprojekt Lebenszyklusorientiertes Risikomanagement für PPP … Projektpartner als auch das Gesamtprojekt erreicht werden. Im dritten Teil wird das integrierte Risikomanagement-Prozessmodell über … integrierten Risikomanagement-Prozessmodell, den zu den einzelnen Prozessen gehörenden Methoden sowie organisationsspezifischen …
Persistent link: https://www.econbiz.de/10011263019
This paper provides empirical evidence on life-cycle patterns in the asset allocation of Swedish households. Data on household portfolio allocation are collected from the HINK surveys for the period 1982-1992, and portfolio shares of different asset categories are regressed on age, period, and...
Persistent link: https://www.econbiz.de/10005644646
one with a relatively large risk aversion, small participation cost and a yearly large loss probability of around 1 …
Persistent link: https://www.econbiz.de/10011084665
or the amount of information that consumers have are known and test the implications of the theory. In general there is … a discussion of the literature that endogenizes people's earnings and therefore change the nature of risk faced by …
Persistent link: https://www.econbiz.de/10009642956
comparing group and individual planning under risk and uncertainty. Our study is focussed on investigating how groups perform in … choosing under risk and uncertainty. Results suggest that groups perform better than individuals when planning under risk …
Persistent link: https://www.econbiz.de/10010593812
planning horizons. Moreover, this hypothesis is tested in the cases of decision making under certainty, risk and uncertainty …
Persistent link: https://www.econbiz.de/10010593813
In this paper, we analyse the human capital accumulation process over the life cycle of individuals under the hypothesis of earnings uncertainty. To do so, we develop a continuous time dynamic programming model which takes into account several sources of uncertainty, concerning the human capital...
Persistent link: https://www.econbiz.de/10010618141