' confidence and improves forecast accuracy. The calibration of the confidence intervals was not affected by the stocks' volatility …This study investigates the influence of past volatility on individual investors' forecasting behavior. We conducted … two experiments in which we used real stock prices to construct low- and high-volatility time series, and asked …

financial engineering. Among a variety of option pricing models, volatility of underlying asset is associated with risk and … the Black-Scholes option pricing model, volatility of the underlying stock is the only unobservable variable, and has … attracted a large amount of attention of both academics and practitioners. This thesis is concerned with the implied volatility …

component. We show that both the time series and the term structure of conditional volatility in general is downward sloping and … reputation. Another testable implication is that in price series without a policy reversal, implied volatility from option prices … will exceed actual volatility. Over time, and in the absence of a reversal, this wedge progressively disappears. This may …

component. We show that both the time series and the term structure of conditional volatility in general is downward sloping and … reputation. Another testable implication is that in price series without a policy reversal, implied volatility from option prices … will exceed actual volatility. Over time and in the absence of a reversal, this wedge progressively disappears. This may be …

. In order to test the model's implications on expected volatility we compute option prices under the generated hazard … volatility in general is downward sloping and its overall level falls steadily over time, although it may exhibit initially a … hump shape in the case of very low initial reputation. In time series without a policy reversal, implied volatility from …

, where it persists even among large commercial operations. Six theoretical explanations for the observed correlation between …