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We investigate whether alternative asset classes should be included in optimal portfolios of the most prominent investor personae in the Behavioral Finance literature, namely, the Cumulative Prospect Theory, the Markowitz and the Loss Averse types of investors. We develop a stochastic spanning...
Persistent link: https://www.econbiz.de/10014246136
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to estimate random utility models, as if they are data on actual choices. Stated choices may differ from actual ones …. This paper shows how to use elicited choice probabilities to estimate random utility models with random coefficients and …
Persistent link: https://www.econbiz.de/10012464196
to estimate random utility models, as if they are data on actual choices. Stated choices may differ from actual ones …. This paper shows how to use elicited choice probabilities to estimate random utility models with random coefficients and …
Persistent link: https://www.econbiz.de/10012758244
Persistent link: https://www.econbiz.de/10013441985
We exploit the principles of choice architecture to evaluate interventions in the market for reloadable prepaid cards. Participants are randomized into three card menu presentation treatments - the market status quo, a regulation-inspired reform, or an enhanced reform designed to minimize...
Persistent link: https://www.econbiz.de/10012899918
We exploit the principles of choice architecture to evaluate interventions in the market for reloadable prepaid cards. Participants are randomized into three card menu presentation treatments - the market status quo, a regulation-inspired reform, or an enhanced reform designed to minimize...
Persistent link: https://www.econbiz.de/10012942480
Persistent link: https://www.econbiz.de/10012106500