Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10003471066
Persistent link: https://www.econbiz.de/10003709447
Persistent link: https://www.econbiz.de/10011504259
Suppose that a group of agents having divergent expectations can share risks efficiently. We examine how this group should behave collectively to manage these risks. We show that the beliefs of the representative agent is in general a function of the group.s wealth level, or equivalently, that...
Persistent link: https://www.econbiz.de/10011507677
We examine a static one-risk-free-one-risky asset portfolio choice when the investor’s wellbeing is affected by the anticipatory feelings associated to potential capital gains and losses. These feelings can be manipulated by the choice of subjective beliefs on the distribution of returns....
Persistent link: https://www.econbiz.de/10002572472
We examine a static one-risk-free-one-risky asset portfolio choice when the investor's well-being is affected by the anticipatory feelings associated to potential capital gains and losses. These feelings can be manipulated by the choice of subjective beliefs on the distribution of returns....
Persistent link: https://www.econbiz.de/10002703620
Persistent link: https://www.econbiz.de/10003362658
Persistent link: https://www.econbiz.de/10012216637
Persistent link: https://www.econbiz.de/10003409692
Persistent link: https://www.econbiz.de/10003446437