The often reported empirical success of trend-following technical timing strategies remains to be puzzling. In previous academic research, many authors admit some prediction power but struggle to substantiate their findings by referring vaguely to insufficient market effciency or unknown hidden...

Part I. The Status Quo of Robo-Advisory -- Chapter 1. Robo-Advisory: The Rise of the Investment Machines; Peter Scholz and Michael Tertilt -- Chapter 2. Situating Robo-Advisory; Sinan Krueckeberg -- Part II. The Implementation of Robo-Advisory -- Chapter 3. Risk Preferences of Investors; Monika...

Robo-Advisory is a field that has gained momentum over recent years, propelled by the increasing digitalization and automation of global financial markets. More and more money has been flowing into automated advisory, raising essential questions regarding the foundations, mechanics, and...