overprices volatility. This overpricing is consistent with ashort-term risk premium whose effect is magnified by extreme changes …

. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …

implied volatility of individual options on S&P 100 stocks and the ex-post realized volatility of the stocks following sharp … first to document a successful trading strategy involving writing individual stock options, even while taking transaction …&P 500 Index,” I examine the performance of funds that are “closet indexers”. I develop three variables that measure how …

This paper investigates the dynamics of sequential decision-making in agricultural futures and options markets … risk measures derived from the deltas and vegas of trader’s portfolios, we find nearly half the traders behavior is … findings that discount probability weighting to develop risk measures which support the notion of more uniform, less …

individual trading behavior. Traders responddifferently to prior profits depending on how much risk their portfolios are carrying …. In general,no significant response is found at average and below-average levels of risk, but response canbecome large and … significant at above-average levels of risk. These results are consistent withstudies which argued that behavior may be uneven …

The major finding is that liquidity costs in futures options market are two to three times higher thanliquidity costs …, there is little comparable research about options markets.This study, for the first time, attempts to determine and compare … liquidity costs in options and futuresmarkets. The study uses July 2007 wheat futures and options contracts traded on Kansas …

in TFP growth. This paper computes an index of labour quality in Spain between 1988 and 2006 using microdata from the … observable characteristics, the index still shows a notable growth at an average annual rate of 0.42 pp. After a period of slight … decline (between 1988 and 1992) the index grows continuously until 2006 when it fell again. This is the case because education …

stock index that trade like shares of stock. Arbitrage costs are low because these assets have low fundamental risk, low … performance of the S&P MidCap 400 index, an index of moderate capitalization firms, and are expected to have higher arbitrage …

This study reports new findings on the behavior of index futures (FKLI: code name of Kuala Lumpur Index Futures …