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Household preferences for investing in crowdfunding

Ciobotaru, Laurentiu-Cristian; Kim, Sul; Soest, Arthur van - In: De economist : quarterly review of the Royal … 169 (2021) 4, pp. 499-522

Persistent link: https://www.econbiz.de/10012651525

Investors’ Industry Preference in Equity Crowdfunding

Johan, Sofia; Zhang, Yelin - 2021

Equity Crowdfunding Online Portals offer access to investors, resources and fundraising support to numerous equity … crowdfunding projects from different industry sectors. In this context, we study investors’ preferences of equity crowdfunding … industries in equity crowdfunding. A new business valuation method in equity crowdfunding is introduced to facilitate our …

Persistent link: https://www.econbiz.de/10013217475

The local bias in equity crowdfunding : behavioral anomaly or rational preference?

Hornuf, Lars; Schmitt, Matthias; Stenzhorn, Eliza - In: Journal of economics & management strategy : JEMS 31 (2022) 3, pp. 693-733

Persistent link: https://www.econbiz.de/10013463313

Empirical pricing kernels and investor preferences

Detlefsen, Kai (contributor); Härdle, Wolfgang (contributor) - 2007

This paper analyzes empirical market utility functions and pricing kernels derived from the DAX and DAX option data for three market regimes. A consistent parametric framework of stochastic volatility is used. All empirical market utility functions show a region of risk proclivity that is...

Persistent link: https://www.econbiz.de/10003633572

From animal baits to investors' preference : estimating and demixing of the weight function in semiparametric models for biased samples

Ritov, Ya'acov (contributor); Härdle, Wolfgang (contributor) - 2007

We consider two semiparametric models for the weight function in a bias sample model. The object of our interest parametrizes the weight function, and it is either Euclidean or non Euclidean. One of the models discussed in this paper is motivated by the estimation the mixing distribution of...

Persistent link: https://www.econbiz.de/10003633700

Statistics of risk aversion

Giacomini, Enzo (contributor); Härdle, Wolfgang (contributor) - 2007

Persistent link: https://www.econbiz.de/10003633711

Testing monotonicity of pricing Kernels

Golubev, Yuri (contributor); Härdle, Wolfgang (contributor) - 2008

The behaviour of market agents has always been extensively covered in the literature. Risk averse behaviour, described by von Neumann and Morgenstern (1944) via a concave utility function, is considered to be a cornerstone of classical economics. Agents prefer a fixed profit over uncertain...