The unifying theme of this thesis is the study built around individual heterogeneity. When analyzing the behaviour of economic agents and institutions, the role of individual heterogeneity, various behavioural characteristics receive more attention in scientific research. This thesis can be...

The aim of this dissertation is the behavioral portfolio selection problem in which risk is measured as the probability of shortfall. Using behavioral elements, such as mental accounting, and emotions and cognition, this dissertation investigates empirical issues related to behavioral asset...