Purchasing a home involves a large and localized investment that leaves many families exposed to volatile house prices and at risk of losing their home equity. Price movements are typically not synchronized across cities, suggesting the potential for efficiency gains through risk sharing across...

Flood control decisions are often involved with quantitative and qualitative criteria. In this paper, a decision model is presented for flood control operations based on the theory of variable fuzzy sets. Using dual comparison, two models computing relative membership grades with qualitative and...

We document that cross-sectional cryptocurrency returns predictably behaviour according to the salience theory of choice under risk. Investors overweight salience outcome (standout from the average of the alternatives). This leads to overpricing (underpricing) the cryptocurrencies with upward...