Similar Search Results

Rank dependent utility, tax evasion and labor supply

Eide, Erling; Simson, Kristine von; Strøm, Steinar - 2010

payers act according to some non-expected utility theory, and (2) Individual ethical norms and social stigma induce people … subjective probabilities of being penalised according to the rank dependent utility theory, and (2) Tax payers' beliefs about … utility theory. The model explains data 53% better than pure random choices and predicts hours worked in the regular economy …

Persistent link: https://www.econbiz.de/10008697806

Returns Based Style Groups and Benchmarking

Mason, Andrew - 2011

In this study we consider the suitability of two methods of returns based style analysis for classification of investment styles for a single asset class, US Diversified Equity Funds. We extend Sharpe (1992) style Returns Based Style Analysis (RBSA) to form style groups using cluster analysis...

Persistent link: https://www.econbiz.de/10013132233

Portfolio Choice With a Correlated Background Risk : Theory and Evidence

Arrondel, Luc; Calvo Pardo, Hector F. - 2007

-country tests of risk substitution theory that encompasses and criticises all of them …

Persistent link: https://www.econbiz.de/10014049376

Financing vaccines for global health security

Vu, Jonathan T.; Kaplan, Benjamin K.; Chaudhuri, Shomesh; … - In: Journal of investment management : JOIM 20 (2022) 2, pp. 51-67

Persistent link: https://www.econbiz.de/10013433610

Should Investors Choose Both the Highest-Return and Small-Variance Assets When the Mean-Variance Rule Says No? A Study of Health Care and T-Bill in the Investment

Lv, Zhihui - 2020

The high-speed growth of the health care sector has given this sector an increasingly important role in the stock market. This sector however has the highest mean in our study and a low correlation with the business cycle. On the other hand, T-Bill is also an important asset in investment...

Persistent link: https://www.econbiz.de/10012841796

Portfolio Allocation with Medical Expenditure Risk—A Life Cycle Model and Machine Learning Analysis

Du, You; Huang, Weige - 2022

This paper explores how the medical expenditure risk affects the households' portfolio choice across health status theoretically in a life cycle model and empirically using machine learning methods. Medical expenditure risk, as a background risk, can relocate households' financial decisions. A...

Persistent link: https://www.econbiz.de/10014236527