Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10014456327
Political uncertainty is a key determinant of investment decisions. Specifically, the uncertainty that surrounds government policy makes beliefs noisier and depresses stock prices. In this paper, we explore whether institutional investors "herd", i.e., mimic each other's trades, in response to...
Persistent link: https://www.econbiz.de/10013219572
Persistent link: https://www.econbiz.de/10015071106
Persistent link: https://www.econbiz.de/10015162559
In the probabilistic risk aversion approach, risks are presumed as random variables with known probability distributions. However, in some practical cases, for example, due to the absence of historical data, the inherent uncertain characteristic of risks or different subject judgements from the...
Persistent link: https://www.econbiz.de/10012967366
Changes in mortality rates have an impact on the life insurance industry, the financial sector (as a significant proportion of the financial markets is driven by pension funds), the governmental agencies, and the decision and policy makers. Thus, the pricing of financial, pension and insurance...
Persistent link: https://www.econbiz.de/10012902135
Persistent link: https://www.econbiz.de/10010469163
Persistent link: https://www.econbiz.de/10011417674
Persistent link: https://www.econbiz.de/10011715339
Persistent link: https://www.econbiz.de/10012513273