Extant research has demonstrated that underdog expectations - individuals’ perceptions that others view them as unlikely to succeed - can have positive implications for motivating performance. In this paper, we draw on self-determination theory to examine how and when underdog expectations can...

We find that three factors - cryptocurrency market, size, and momentum - capture the cross-sectional expected cryptocurrency returns. We consider a comprehensive list of price- and market-related factors in the stock market, and construct their cryptocurrency counterparts. Nine cryptocurrency...

We show that the higher-orders and their interactions of the common sparse linear factors can effectively subsume the factor zoo. We propose a forward selection Fama-MacBeth procedure as a method to estimate a high-dimensional stochastic discount factor model, isolating the most relevant...