This paper focuses on the attitude of non-professional investors towards financial losses and their decisions on wealth allocation, and how these change subject to behavioral factors. Our contribution concerns the integration of behavioral elements into the classic portfolio optimization....

This chapter focuses on the attitude of investors toward financial gains and losses and their decisions on wealth allocation, and how these changes are subject to behavioral factors. The focal point is the integration of behavioral elements into the classic portfolio optimization. Individual...

Cloud based computing has tremendous potential for academia in general and researchers in particular. The ability to store, read and manipulate large data sets is increasingly important to be on the cutting edge of research. While most researchers have extensive programming skills, they...

This article develops and implements a new methodology for identifying intra-day information regimes in limit order books. Based on Lehmann (2008), in an information regime all the information is trade related and arrives via order flow and, the fundamental value that underlines the prices does...

Part III narrates instructions on harnessing the power of multicore virtual machine parallel computing environments, suitable for large dataset and heavy computational needs. Also, presents guidance to use the storage cloud (S3) along with computing cloud based on Amazon Elastic Compute Cloud (EC2)

This paper studies the impact of loss aversion on decisions regarding the allocation of wealth between risky and risk-free assets. We use a Value-at-Risk portfolio model with endogenous desired risk levels that are individually determined in an extended prospect theory framework. This framework...

This paper studies the attitude of non-professional investors towards financial losses and their decisions concerning wealth allocation among consumption, risky, and risk-free financial assets. We employ a two-dimensional utility setting in which both consumption and financial wealth...