This study examines the effects of regret on investor behavior and market turbulence by using a model where investors not only regret wrong actions but also regret inaction. We demonstrate that regret aversion can cause investors to ride a bubble, exit and reenter the market, or choose not to...

This paper examines the aggregate effects of regret in a market where investors maximize expected return while minimizing anticipated regret. In equilibrium, the excess return on a risky asset is proportional to its “regret beta” that is defined with respect to the gap between the market...

This study examines the effects of counterfactual thinking on asset pricing and market efficiency in a noisy rational expectation model. Emotional traders with counterfactual thinking trade an equity with informed and uninformed rational traders. An equilibrium exists wherein shocks to emotional...

The composition and manufacturing process of a three-layer anticorrosive cool coating for oil storage tanks are introduced. The optical, indoor thermal and physicochemical properties were systematically investigated. In addition, the outdoor cooling effect and the reduction of evaporation losses...

The effects of afforestation on soil water balance and carbon storage have been well-documented. However, the impact of artificial afforestation in arid and semi-arid regions on soil moisture, carbon storage, and their interrelationship remains unclear. This study aims to provide a comprehensive...

A scalable superamphiphobic self-cleaning daytime radiative cooling coating (RC coating) was successfully applied to distributed and conventional mobile communication base stations in different climate regions. The superamphiphobic RC coating achieved roof surface temperatures of the battery and...

In order to find a feasible pretreatment method, the properties, kinetics and pyrolysis products of oxidative torrefied camellia shell (CS) have been investigated in present work. Different oxygen concentration of 0-8% have been performed in torrefaction atmosphere, and oxidative torrefaction...