Immobilienaktien können Anleger nicht vor der allgemeinen Geldentwertung schützen. Ebenso wie andere Aktien bieten sie keinen effektiven Schutz vor Inflation. Stattdessen zeigen Regressionsanalysen negative Korrelationen an. Ein steigendes Preisniveau wirkt sich somit negativ auf die Renditen...

Cryptocurrencies such as Bitcoin are a high-risk asset class where very high returns are offset by large losses. In a nationally representative online survey of 3,864 German citizens, 354 (9.2%) reported owning cryptocurrencies in March 2019. We analyze a subpopulation of 225 cryptocurrency...

Traditional finance explains individual investors' behavior and financial decision-making based on economic incentives and rationality. Modern finance, however, takes a holistic view and searches for not only economic but also biological, psychological, and social factors that shape...