In this paper we suggest that duration judgments of a given episode made after a time delay arise from a process that is fundamentally different from judgments made online or immediately after the episode. We propose a memory-based process called the "snapshot model." In our model, the human...

Risk parity, also known as equal risk contribution, has recently gained increasing attention as a portfolio allocation method. However, solving portfolio weights must resort to numerical methods as the analytic solution is not available. This study improves two existing iterative methods: the...

Risk parity, also known as equal risk contribution, has recently gained increasing attention as a portfolio allocation method. However, solving portfolio weights must resort to numerical methods as the analytic solution is not available. This study improves two existing iterative methods: the...