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Risk Preferences Beyond Expected Utility Theory: Theoretical and Experimental Approaches

R?ger, Maximilian - 2011

preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning … utility theory are met. It is shown that the methodological concerns are empirically relevant when a classification of …

Persistent link: https://www.econbiz.de/10009482308

Bootstrap Markov chain Monte Carlo and optimal solutions for the Law of Categorical Judgment (Corrected)

Kochanski, Greg P; Rosner, Burton S. - 2010

sets simulated for Full Signal Detection Theory and its special cases of standard Signal Detection Theory and Complementary … Signal Detection Theory. …

Persistent link: https://www.econbiz.de/10009441534

Design of Discrete Auction

Sujarittanonta, Pacharasut - 2010

Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...

Persistent link: https://www.econbiz.de/10009450772

Three Essays on Industrial Organization

Lee, Yang Seung - 2008

innovation. The second chapter explores the overemphasis of homeruns in baseball. In theory, if homeruns are overemphasized … double over a triple verify this overemphasis theory. The third chapter concentrates on the trade policies for an oligopoly …

Persistent link: https://www.econbiz.de/10009430888

Formation and dispersion of expectations : an empirical analysis with special focus on inﬂation

Jonas Dovern - 2009

This thesis is a collection of papers that use survey data to analyze expectations about macroeconomic variables and the way these expectations are formed. Using a new approach for modeling forecast errors in a structural way, we show that most of the individual forecasts in the Consensus survey...

Persistent link: https://www.econbiz.de/10009429015

Sensitivity of Investor Reaction to Market Direction and Volatility: The Case of Dividend Change Announcements

Koch, Paul D.; Docking, Diane Scott - 2004

This study examines whether investor reactions are sensitive to the recent direction and/orvolatility of underlying market movements. We find dividend change announcements elicit agreater change in stock price when the nature of the news (good or bad) goes against the grain ofthe recent market...

Persistent link: https://www.econbiz.de/10009430932

The behavioral economics of foreign exchange markets - a psychological view on human expectation formation in foreign exchange markets

Schmidt, Robert - 2004

explaining exchange rate movements. The asset market theory of exchange rate determination implies that exchange rates are mainly … driven by the development of macroeconomic fundamentals. Furthermore the asset market theory assumes that foreign exchange … speculation, economic theory states that speculation can have either a stabilizing effect or a destabilizing effect on exchange …

Persistent link: https://www.econbiz.de/10009433679

Bubble geometry and chaotic pricing behaviour

Eves, Chris; Wright, Christopher; Jefferies, Rod - 2008

This paper is a deductive theoretical enquiry into the flow of effects from the geometry of price bubbles/busts, to price indices, to pricing behaviours of sellers and buyers, and back to price bubbles/busts. The intent of the analysis is to suggest analytical approaches to identify the...

Persistent link: https://www.econbiz.de/10009437953

Learning in linear models with expectational leads

Wenzelburger, Jan - 2002

This paper provides an adaptive learning algorithm for linear stochastic models with expectational leads in which forecasts for an arbitrary period ahead of the current state feed back into the economic system. The concept of an unbiased forecasting rule with generates rational expectations...

Persistent link: https://www.econbiz.de/10009452462

The impact of multiperiod planning horizons on portfolios and asset prices in a dynamic CAPM

Hillebrand, Marten; Wenzelburger, Jan - 2005

determining market clearing prices is calculated explicitly. The classical capital market line result of CAPM theory is extended …

Persistent link: https://www.econbiz.de/10009452468