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The aim of this dissertation is the behavioral portfolio selection problem in which risk is measured as the probability of shortfall. Using behavioral elements, such as mental accounting, and emotions and cognition, this dissertation investigates empirical issues related to behavioral asset...
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programming and cooperative game theory. While linear programming establishes insight in optimal farm plans for farmers that … cooperate, game theory is used to generate fair divisions of the extra gain that is established by cooperation.The model is … the individual gross margins. To divide these gains, we consider four established solution concepts from game theory that …
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This chapter gives an overview of current research in evolutionary finance. We mainly focus on the survival and stability properties of investment strategies associated with the Kelly rule. Our approach to the study of the wealth dynamics of investment strategies is inspired by Darwinian ideas...
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