The process of purchasing air tickets is often hovered with much uncertainties. Such uncertainties are introduced by complex pricing strategies and algorithms used by airline companies which vary ticket price based on dates, time of purchase and different routes selected. In order to reduce...

The judgment of the Court of Appeal in Hunter v Moss [1994] 1 W.L.R. 452 indicates that there is no need to identify specific property: the trust is enforceable nonetheless. While this decision has some intuitive appeal it also throws the law into considerable confusion

This article examines the link between uncertainty and analysts' reaction to earnings announcements for a sample of European firms during the period 1997-2007. In the same way as Daniel, Hirshleifer and Subrahmanyam (1998), we posit that overconfidence leads to an overreaction to private...