Stock picking is the field of financial analysis that is of particular interest for many professional investors and researchers. There is a lot of research evidence supporting the fact that stock returns can effectively be forecasted. While various modeling techniques could be employed for stock...

Der Tod macht alle Menschen gleich, dennoch sind nicht alle gleichmäßig betroffen. Unterschiede in der Sterblichkeit aufgrund des sozio-ökonomischen Status sind allgemein bekannt. Aber auch räumliche Disparitäten existieren. Es ist oft von großem Interesse Regionen mit außergewöhnlich...

This paper introduces a behavioural model and an algorithm that allow define classes of investors and draw the size each of them from financial data. The nonparametric pricing kernel estimated from stocks and options quotes allows to derive an estimate of the market utility. At the micro level...