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Rationale Anleger sind im Allgemeinen risikoavers. Eine wichtige Implikation dieser Risikoaversion ist, dass Anleger für bestimmte Risiken, die sie eingehen, eine Kompensation verlangen – Risikoprämien. Ein Beispiel für solche Risikoprämien sind Momentenrisikoprämien. Sie sind definiert...
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performance is driven by estimation bias. Through an empirical application, we demonstrate the impact of the criteria on the …
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Modern financial markets offer the real world's best approximation to the idealized price auction market envisioned in … beyond the world of finance to suggest, very powerfully, the importance of pursuing behavioral approaches to other areas of …
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Inequality has emerged as a key development challenge. It holds implications for economic growth and redistribution and … global inequality by leading inequality scholars, aligning these to comprehensive reviews of inequality trends in five of the … world’s largest developing countries - Brazil, China, India, Mexico, and South Africa. Each is a persistently high or newly …
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