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Mind theory and the role of financial decision and process role of optogenetics
Njegovanović, Ana - In: Financial markets, institutions and risks : FMIR 4 (2020) 1, pp. 40-50
Persistent link: https://www.econbiz.de/10012295349
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Portfolio inertia and [epsilon]-contaminations
Asano, Takao (contributor) - 2004 - [Elektronische Ressource]
This paper analyzes investors’ portfolio selection problems in a two-period dynamic model of Knightian uncertainty. We account for the existence of portfolio inertia in this two-period framework. Furthermore, by incorporating investors’ up-dating behavior, we analyze how new observation in...
Persistent link: https://www.econbiz.de/10002117557
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Portfolio inertia under ambiguity
Asano, Takao (contributor) - 2004 - [Elektronische Ressource]
We consider individual’s portfolio selection problems. Introducing the concept of ambiguity, we show the existence of portfolio inertia under the assumptions that decision maker’s beliefs are captured by an inner measure, and that her preferences are represented by the Choquet integral with...
Persistent link: https://www.econbiz.de/10002117590
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Prominent numbers, indices and ratios in exchange rate determination and financial crashes : in Economists' models, in the field and in the laboratory
Pope, Robin; Selten, Reinhard; Kube, Sebastian; Hagen, … - 2009
laboratory. Third, nominalist heuristics are incompatible with expected utility theory which excludes the evaluation stage, and … are also incompatible with prospect theory which assumes that, while the evaluation stage can involve systematic mistakes … 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/10003867227
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Fundamental uncertainty, portfolio choice, and liquidity preference theory
Pasche, Markus - 2009
One of Keynes' core issues in his liquidity preference theory is how fundamental uncertainty affects the propensity to …
Persistent link: https://www.econbiz.de/10003886826
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Fundamental uncertainty, portfolio choice, and liquidity preference theory
Pasche, Markus - 2009
One of Keynes’ core issues in his liquidity preference theory is how fundamental uncertainty affects the propensity to …
Persistent link: https://www.econbiz.de/10003905066
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Obfuscation, learning, and the evolution of investor sophistication
Carlin, Bruce Ian; Manso, Gustavo - 2009
We develop a dynamic model to study the interaction between obfuscation and investor sophistication in retail financial markets. Taking into account different learning mechanisms within the investor population, we characterize the optimal timing of obfuscation for a profit-maximizing monopolist....
Persistent link: https://www.econbiz.de/10003971343
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Portfolio Inertia and Epsilon-Contaminations
Asano, Takao - In: Theory and decision : an international journal for … 68 (2010) 3, pp. 341-365
Persistent link: https://www.econbiz.de/10003948976
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Portfolio inertia under ambiguity
Asano, Takao - In: Mathematical social sciences 52 (2006) 3, pp. 223-232
Persistent link: https://www.econbiz.de/10003395837
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Safe haven assets and investor behaviour under uncertainty
Baur, Dirk G.; McDermott, Thomas K. J. - 2012
Persistent link: https://www.econbiz.de/10009530743