differ from the well understood risk prices widely used in asset pricing theory. A quantitative example highlights a …

distributions of risks give rise to components of equilibrium prices that differ from the risk prices widely used in asset pricing …

A time homogeneous, purely discontinuous, parsimonous Markov martingale model is proposed for the risk neutral dynamics … additionally reported. It is observed that risk neutral dynamics by and large reflect the presence of momentum in numerous … probabilities. However, there is some reversion in the upper quantiles of risk neutral return distributions …

We analyze the influence of individuals' degree of extraversion and neuroticism on the determinants of their risk …-taking behavior in investment decisions. As there are no studies that investigate the influence of personality traits on risk attitude …, risk perception, and return expectations in investment decisions simultaneously, we provide a meaningful contribution to …