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Persistent link: https://www.econbiz.de/10014474909
, the overall decision situation is ultra simple. It is so simple that: a) economists and psychologists can mechanically … model and identify what is a mistake, and b) decision makers can maximise. However, contrary to prospect theory, in the …
Persistent link: https://www.econbiz.de/10010274186
The quintessence of recent natural science studies is that the 2°C target can only be achieved with massive emission reductions in the next few years. The central twist of this paper is the addition of this limited time to act into a non-perpetual real options framework analysing optimal...
Persistent link: https://www.econbiz.de/10010280638
Persistent link: https://www.econbiz.de/10000351479
We investigate the determinants of bilateral international equity and bond portfolio reallocation across a large cross section of countries over the 1997 to 2001 period. We first argue that financial integration is not a global phenomenon, as equity and bond home biases declined significantly...
Persistent link: https://www.econbiz.de/10003337146
Persistent link: https://www.econbiz.de/10003865108
, the overall decision situation is ultra simple. It is so simple that: a) economists and psychologists can mechanically … model and identify what is a mistake, and b) decision makers can maximise. However, contrary to prospect theory, in the … ; decision costs ; evaluation ; maximisation ; Black Scholes ; Lehmann Brothers ; sub-prime crisis ; central bank swaps …
Persistent link: https://www.econbiz.de/10003867227
Persistent link: https://www.econbiz.de/10003969312
"How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality? We investigate this question within a two-country, general-equilibrium, incomplete-markets model that focuses on the importance of idiosyncratic entrepreneurial risk- a risk that...
Persistent link: https://www.econbiz.de/10008855972