While the literature has established the effect of online reviews on customer purchase intentions, the influence of psychological factors on online ratings is overlooked. This paper examines these factors under the perspective of Construal Level Theory (CLT). Using review data from TripAdvisor...

We assess the out-of-sample performance of Bitcoin within portfolios of various asset classes and a well-diversified portfolio employing standard metrics under four strategies. Most importantly, we show the value-added net of transaction costs. Our findings suggest significant diversification...