indicate that it could be possible for a capital income tax increase not to stimulate risk taking even if the tax code provides … the attractive full loss offset provisions. However, risk taking can be stimulated if the investor interprets part of the … tax as a loss instead as a reduced gain. Then investor becomes risk seeking and moves away from the discomfort zone of …

Diese Dissertation besteht aus drei Aufsätzen, welche Themen aus dem Bereich Risiko-Beurteilung und Risiko …This thesis consists of three singled-authored essays which examine topics in risk assessment and risk management in … three distinct fields. The first essay, presented in chapter 1, analyzes the risk dynamics of hedge funds by introducing new …

In this article, inspired by Shi et al., we investigate the optimal portfolio selection with one risk-free asset and … one risky asset in a multiple period setting under the cumulative prospect theory (CPT) risk criterion. Compared with …