investment and pricing in a global context with special attention to the diversification of asset types in three parts. Designed … impact of the global financial crisis, especially with regard to irrationality and risk. Part 1 focuses on the microeconomics …

Strategy a Compensation for Higher Risk? -- POST-MODEL ESTIMATION - A TEST OF THE EXTRAPOLATION MODEL -- Variance Ratio Test …

This paper re-examines the performance of REITs, stocks, and fixed-income assets based on the preferences of risk …-averse and risk-seeking investors using mean-variance and stochastic dominance approaches. Our findings indicate no first … order to maximize their expected utility, the risk-averse prefer fixed-income assets over real estate, which, in turn, is …