parameter derived by employing conic finance theory. Further, it shows how to develop the closed form formulas of the bid and …Introduction -- Review on Research Conducted -- Theory of Conic Finance -- Stock Prices Follow a Brownian Motion …

Mathematica realizations are provided * Comprehensive study of optimal portfolio diversification, including an original theory of …

This paper studies the wealth and pricing implications of loss aversion in the presence of arbitrageurs with Epstein …-Zin preferences. Loss aversion affects an investor's survival prospects mainly through its effect on the investor's portfolio holdings …. Loss-averse investors will be driven out of the market and do not affect long-run prices if their portfolio positions are …