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Chapter 8 : Portfolio Managers
Devos, Erik - 2017
In the oversight of most funds, the portfolio manager holds the key decision-making power. Often regarded as foundational to the investment process, a few select managers can attract billions of dollars from investors, giving the managers increased prominence, credibility, and compensation....
Persistent link: https://www.econbiz.de/10012954973
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Chapter 23 : Behavioral Portfolio Theory and Investment Management
Rengifo, Erick W. - 2014
build on each other: prospect theory, safety-first portfolio theory, security-potential/aspiration (SP/A) theory, and … behavioral portfolio theory. SP/A theory evolves from safety-first portfolio theory and the introduction of aspiration level. The … behavioral portfolio theory integrates the idea of mental accounts from prospect theory with the portfolio optimization framework …
Persistent link: https://www.econbiz.de/10013053271
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Chapter 22 : Diversification and Asset Allocation Puzzles
Georgarakos, Dimitris - 2014
diversification, and trading behavior. Standard finance theory predicts the optimal investment behavior of rational agents with … from theory predictions. The chapter also provides a discussion of empirical regularities that point to these deviations …
Persistent link: https://www.econbiz.de/10013053275
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Searching for information
Han, Jungsuk; Sangiorgi, Francesco - 2015
This paper provides a microfounded information acquisition technology based on a simple framework with information search. When searchable information is limited, an agent encounters increasingly more redundant information in his search for new information. Redundancy slows down the learning...
Persistent link: https://www.econbiz.de/10010529422
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Liquidity as an Investment Style
Ibbotson, Roger G. - 2013
We present comprehensive evidence in support of giving liquidity equal standing to size, value/growth, and momentum as investment styles, as defined by Sharpe (1992). First, we show that financial market liquidity, as identified by stock turnover, is an economically significant indicator of...
Persistent link: https://www.econbiz.de/10013093548
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Scientific communication : economic analysis of the electronic journal market
Fladung, Rainer B. - 2007
Persistent link: https://www.econbiz.de/10003386360
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Nonmyopic optimal portfolios in viable markets
Cvitanić, Jakša; Malamud, Semyon - In: Mathematics and financial economics 8 (2014) 1, pp. 71-108
Persistent link: https://www.econbiz.de/10010235416
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Multiagent cooperative search for portfolio selection
Parkes, David C.; Huberman, Bernardo A. - In: Games and economic behavior 35 (2001) 1/2, pp. 124-165
Persistent link: https://www.econbiz.de/10001583444
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Chapter 21 : Behavioral Aspects of Portfolio Investments
Mauck, Nathan - 2017
Investors are inextricably linked to financial institutions, money managers, and the products they market. Mutual funds, exchange-traded funds (ETFs), hedge funds, and pension funds manage or hold roughly $55 trillion in combined wealth. This chapter examines these topics with a behavioral...
Persistent link: https://www.econbiz.de/10012954545
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Chapter 20 : Traditional Asset Allocation Securities: Stocks, Bonds, Real Estate, and Cash
Milliken, Christopher - 2017
Asset allocation models have evolved in complexity with the development of modern portfolio theory, but they continue … allocation, involving stocks, bonds, real estate, and cash. It also examines the history and theory behind two of the most …
Persistent link: https://www.econbiz.de/10012954547