Covers ETFs - the hottest investment product of the new century. Explains the nature of this new investment class and all advantages of these instruments. Provides a deep insight into the market and the development of that asset class during the past ten years. Some of the information in this...

1 Kapitalmärkte, Kapitalmarktteilnehmer und Kapitalmarktrisiken -- Lernrichtungstheorie -- Zuschlag erhalten, aber Verlust gebucht Gefährdet der Fluch des Gewinners auch Kapitalmarktprofis? -- Der Fluch der Erfahrung: Professionelle Trader versus Studenten in einem Optionsbewertungsexperiment...

The alternating double auction market institution is presented as a discrete time version of the open outcry market. The game in extensive form is analyzed in an almost perfect information setting, using the concept of subgame perfectness. By applying two new equilibrium selection criteria, a...

Exceptional Academic Behavior -- Reinhard Selten a Wanderer -- Encounters with Reinhard Selten: An Office Mate’s Report -- Reinhard Selten’s Frankfurt Years from the Perspective of a Co-player -- Reinhard Selten and the Scientific Climate in Frankfurt During the Fifties -- Reinhard Selten...