Covers ETFs - the hottest investment product of the new century. Explains the nature of this new investment class and all advantages of these instruments. Provides a deep insight into the market and the development of that asset class during the past ten years. Some of the information in this...

1 Kapitalmärkte, Kapitalmarktteilnehmer und Kapitalmarktrisiken -- Lernrichtungstheorie -- Zuschlag erhalten, aber Verlust gebucht Gefährdet der Fluch des Gewinners auch Kapitalmarktprofis? -- Der Fluch der Erfahrung: Professionelle Trader versus Studenten in einem Optionsbewertungsexperiment...

We analyze the effect of income taxation with limited loss deduction on investment decisions. An experiment with five treatments was conducted, one without taxation as a reference and four with taxation and limited loss compensation. The participants' task was to repeatedly choose one out of two...