of stocks and bonds, the concept of risk diversification, and the working of financial markets. We also find that the …

that many households are unfamiliar with even the most basic economic concepts needed to make saving and investment …

models. One such model is the downside risk model, whereby the investor maximizes his return given a downside risk constraint …. In this paper we empirically observe the international equity allocation for the downside risk investor using 9 … globally, but instead act locally, due to greater downside risk. The results provide an alternative view of the home bias …

models. One such model is the downside risk model, whereby the investor maximizes his return given a downside risk constraint …. In this paper we empirically observe the international equity allocation for the downside risk investor using 9 … globally, but instead act locally, due to greater downside risk. The results provide an alternative view of the home bias …

We propose a new decision criterion under risk in which people extract both utility from anticipatory feelings ex ante … raises both the utility of ex ante feelings and the risk of disappointment ex post. We characterize the optimal beliefs and … the preferences under risk generated by this mental process and apply this criterion to a simple portfolio choice …

We propose a new decision criterion under risk in which people extract both utility from anticipatory feelings ex ante … raises both the utility of ex ante feelings and the risk of disappointment ex post. We characterize the optimal beliefs and … the preferences under risk generated by this mental process and apply this criterion to a simple portfolio choice …

We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion … may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA … their risk aversion parameter invest less in risky assets than wealthy investors with identical risk aversion uncertainty. …

market risk. From the viewpoint of unconstrained investors with complete investment freedom, risk can be optimally reduced by …In this article, we investigate risk return characteristics and diversification benefits when private equity is used as … and simultaneous investment simulation in stocks, as well as the construction of stock portfolios for benchmarking …

market risk. From the viewpoint of unconstrained investors with complete investment freedom, risk can be optimally reduced by …In this article, we investigate risk return characteristics and diversification benefits when private equity is used as … and simultaneous investment simulation in stocks, as well as the construction of stock portfolios for benchmarking …

We study optimal investment in self-protection of insured individuals when they face interdependencies in the form of …