In order to estimate individuals' risk-attitudes of economic migrants a static one-period decision model is developed and applied to U.S. interstate migration data. Risk-attitudes are estimated by non-linaer optimiziation. It turns out that economic migrants are significantly risk-averse in...

This work investigates the intertemporal portfolio optimization of professional portfolio managers. It analyzes whether the special conditions of delegation in which portfolio managers make investment decisions - compensation depending on assets under management, capital flow depending on past...