-assets investment universe. Evaluated strategies include a range from classical Markowitz rule to the recently introduced LIBRO approach …

Capability Study Investor survey, this study examined the association between investment literacy and cryptocurrency investment … objective investment literacy was negatively while subjective literacy was positively associated with holding cryptocurrency …. This study has implications for investment advice, financial education and research …

volatility, their high average returns have drawn attention to CCs as alternative investment assets for portfolio and risk … appreciably on CCs, and spanning tests clearly indicate that CC returns are non-redundant additions to the investment universe …

In this paper, cryptocurrencies are analysed as investment instruments. The study aims to verify whether they can be … properties. Portfolio optimisation with the Modern Portfolio Theory showed an increase in the Sharpe ratio of tangency portfolios … with the inclusion of CRIX. However, the Post-Modern Portfolio Theory identified significant deterioration of the downside …

We study the consumption and investment model under time-varying liquidity constraints (TVLC) that are widely used in …

consumption. With the framework, we compute certainty equivalents of foregoing investment in the potentially decoupling market and …