This paper estimates the risk aversion for households accounting for their lifetime consumption risk. Households view the overall lifetime uninsured consumption risk when they optimize resources, which based on micro data varies across households. Thus, representing households' consumption by...

This paper shows that the Warren Buffet Indicator (BI) about stock market valuation, measured as the overall stock market value divided by GDP, contains an upward bias and not a proper indicator for three main reasons. Primarily, over 40% of the S&P companies’ earnings is overseas, which makes...

We show that key congress characteristics influence stock market outcomes, and under-diversified congress depresses the performance and upsurge the volatility in the stock market. Our key hypotheses is that congress background influences type, quantity and quality of bills passed, and hence...

An analysis of the Survey of Consumer Finance shows that wealthy investors have a higher return on their stocks than their poorer counterparts. Three key empirical facts emerge: (i) wealthy investors employ more productive search efforts, (ii) financial risk bearing and search efforts are...

We perform 360 review on the United Arab Emirates (UAE) geopolitical and economical status to analyze its strengths and weaknesses. The UAE in 2020 is ranked top 22 around the world, and best ranking category is in ‘movers’ (top 1), while adventure and heritage are worst categories (top 63,...

We employ several technical analyses models and account for investor’s sentiment to establish a benchmark on the optimal time to entry or to exit from the Bitcoin market. Unlike companies that they have quarterly earnings, Bitcoin is not a company with earning. Yet, we argue the Bitcoin...

We show that the stock market pricing the presidential margin of victory in a nonlinear concave fashion, with a higher price for medium than slight or crushing victories. We conjecture that the margin of victory reflects president confidence and the ability to execute policies. A small margin...

We examine the efficacy with which the CBOE Volatility Index (VIX) predicts future (30 day forward) S&P realized volatility. We find that the VIX’s accuracy is about 63%. An alternative framework that we present, built on asymptotic distribution theory, predicts this volatility with an...

We perform 360 review on the state of Qatar’s geopolitical and geoeconomics to analyze it strengths and weaknesses. Then, we provide recommendations to aid policy makers and the business community on the proper policies and investments needed to enhance the economic growth and development. The...