investment decisions. Emphasis is given to mistakes made by individuals, although evidence suggests all categories of market …

When finding the optimal consumption and investment decision rules of an individual, accounting for a change in the … risk aversion over the life cycle is an important aspect. Different methods are suggested in the literature. This paper … combines the two approaches of including a habit level (see e.g. Constantinides, 1990) and a coefficient of time-varying risk …

Socially responsible investment (SRI) is increasingly prevalent in financial markets and is characterized by the … online banking context, wherein we frame responsible investment with regard to either wealth or morality and study investors …' subsequent behavior. We find that wealth framing is more effective than moral framing for both information search and investment …

This paper investigates the link between economic state and investment levels in an economy within the premise of a … to establish a similar relationship between economic state and aggregate and sector-based venture capital investment … suffer, because of a change in the evolving economic state and effects of such a change on the investment levels in an …

Focusing on the role of the investment horizon, we analyze the inflation-hedging abilities of stocks, bonds, cash and …-hedging abilities of all assets improve with the investment horizon. For long horizons, real estate seems to hedge unexpected inflation … as well as cash. This has implications for the difference between the return volatility of real returns versus the return …

variety of risk factors and firm characteristics, and imposing several filters, we find a remaining significant excess return …

theory. I cannot recommend enough the insights provided in Modern Portfolio Theory and Investment Analysis, 8/e, by Edwin …The core of the theory behind portfolio construction was developed in 1956 by Harry Markowitz. Many pages have been … the original integrity behind Markowitz's insights and addresses many of the criticisms of the theory …

This paper concerns continuous-time optimal investment and consumption decision of a CRRA investor who faces …

downside-risk averse investor's portfolio allocation in the presence and absence of a bubble. The weight allocated to the …