Purpose – Object tracking has been a challenging problem of robot vision over the decades, which plays a key role in a wide spectrum of visual tracking‐related applications such as surveillance, visual servoing, sensing and navigation in robotics, video compression. The purpose of this paper...

Our paper investigates the stock non-participation puzzle through the lens of investors’ probabilistic pessimism. We depart from the conventional expected utility framework and adopt a one-period portfolio choice model under anticipated utility. We introduce a novel decision weighting...

Mutual fund managers' compensation packages often contain relative performance-dependent components such as year-end bonus. We examine the incentive effect of such compensation structure using a dynamic trading model with uncertain expected return and costly information. We show that relative...