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's decision on how to allocate loans, we discuss decision making under Knightian uncertainty. We use the info-gap robust …
Persistent link: https://www.econbiz.de/10013011216
We propose a partitioning algorithm to solve a class of linear-quadratic Markov decision processes with inequality …
Persistent link: https://www.econbiz.de/10012856854
The real estate market displays many of the behavioral biases documented in the traditional financial markets. During bull markets, investor overconfidence, optimism, representativeness, and self-attribution bias among others drive prices far above their fundamental values. Conversely, during...
Persistent link: https://www.econbiz.de/10013058367
This chapter provides a critical review of behavioral economic approaches to decision-making with a focus on the … thinking processes of investors. It discusses the bounded rationality approach to decision-making as compared to the errors and … biases approach for better understanding decision-making processes and outcomes. The latter focuses on the importance of …
Persistent link: https://www.econbiz.de/10013058481
The objective of the study is examining the impact of the demographic variable on individual investor's decision making …, researchers can conclude that respective R2 value of 0.630 denotes that 63% of the observed variability in investment decision can … have a significant relationship with investment decision while some demographic factors like gender and educational level …
Persistent link: https://www.econbiz.de/10012921163
Chisini mean enables these tools to be used as rational decision criteria. Specifically, we focus on 11 metrics and show that … intuitive notion of mean is the founding basis of investment decision criteria …
Persistent link: https://www.econbiz.de/10012932834
-reward characteristics without knowing the underlying investment policy. This process ensures an effective separation between the decision … investment policy, on the other hand. This decision-making process repeatedly has led to the choice of dynamic asset allocation …
Persistent link: https://www.econbiz.de/10013037197
We argue that all three forms of justice (economic, legal, distributive) require to be incorporated into the firm's business decisions in order to protect stakeholders' alienable and inalienable rights. In addition, the firm has quot;moral debtquot; obligations which require to be distributed...
Persistent link: https://www.econbiz.de/10012753597
-the-counter (OTC) market. This paper develops a theoretical model of the decision to route off-exchange to either alternative trading …A rising fraction of U.S. equity trading volume is being executed away from the national stock exchanges on the over …, we compute weekly time series of market shares for all ATS and OTC non-ATS trading centers at the individual stock level …
Persistent link: https://www.econbiz.de/10012864309
Behavioral science has helped encourage better behaviors for many investors who are accumulating savings for retirement. This paper investigates the application of behavioral science to decumulation to help investors make better choices and maintain quality of life in retirement. We conducted a...
Persistent link: https://www.econbiz.de/10013307610