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financial flow utility concept. This utility function is defined as linear extension of multicriteria comparison determined by … the time preference and the capital preference. Then the present value is equal to financial flow utility. Therefore, the … law of diminishing marginal wealth utility has been considered as additional feature of the present value. The future …
Persistent link: https://www.econbiz.de/10011131895
financial flow utility concept. This utility function is defined as linear extension of multicriteria comparison determined by … the time preference and the capital preference. Then the present value is equal to financial flow utility. Therefore, the … law of diminishing marginal wealth utility has been considered as additional feature of the present value. The future …
Persistent link: https://www.econbiz.de/10010684380
financial flow utility concept. This utility function is defined as linear extension of multicriteria comparison determined by … the time preference and the capital preference. Then the present value is equal to financial flow utility. Therefore, the … law of diminishing marginal wealth utility has been considered as additional feature of the present value. The future …
Persistent link: https://www.econbiz.de/10010684999
The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some academics have questioned whether EMH is...
Persistent link: https://www.econbiz.de/10012237439
The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some academics have questioned whether EMH is...
Persistent link: https://www.econbiz.de/10013199649
Persistent link: https://www.econbiz.de/10012423899
Persistent link: https://www.econbiz.de/10013363375
Persistent link: https://www.econbiz.de/10012878007
Export diversification, or the breadth of exports of an economy, is increasingly seen as a means of accelerating … structures may not be adequately reflected in diversification measurements based on gross exports. This paper develops a new … indicator of export diversification based on value added in sectors contributing to exports. For most Asia and the Pacific …
Persistent link: https://www.econbiz.de/10012887793
We provide an overview of research on the stock trading behavior of individual investors. This research documents that individual investors (1) underperform standard benchmarks (e.g. a low-cost index fund), (2) sell winning investments while holding losing investments (the “disposition...
Persistent link: https://www.econbiz.de/10014025356