Results 121 to 130 of about 1,672 (215)

On the Risks of Stocks in the Long Run:A Probabilistic Approach Based on Measures of Shortfall Risk [PDF]

open access: yes
The present paper examines the long-term risks of a representative one-time investment in German stocks (DAX/0) in real terms relative to various risk free investments (returns of 0%, 2% and 4% in real terms) as well as relative to a representative ...
Albrecht, Peter   +2 more
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A Note on the Equivalence of Rationalizability Concepts in Generalized Nice Games [PDF]

open access: yes
Moulin (1984) describes the class of nice games for which the solution concept of point-rationalizability coincides with iterated elimination of strongly dominated strategies.
Zimper, Alexander
core  

The relationship between stock prices, house prices and consumption in OECD [PDF]

open access: yes
This paper analyzes the relationship between stock prices, house prices and consumption using data for 16 OECD countries. The panel data analysis suggests that the long-run responsiveness of consumption to permanent changes in stock prices is higher for ...
Ludwig, Alexander, Sløk, Torsten
core  

A Simple Axiomatization and Constructive Representation Proof for Choquet Expected Utility [PDF]

open access: yes
We provide a set of simple and intuitive axioms that allow for a direct and constructive proof of the Choquet Expected Utility representation for decision making under uncertainty.
Chateauneuf, Alain   +2 more
core  

Sequential Two-Player Games with Ambiguity [PDF]

open access: yes
If players' beliefs are strictly non-additive, the Dempster-Shafer updating rule can be used to define beliefs off the equilibrium path. We define an equilibrium concept in sequential two-person games where players update their beliefs with the Dempster ...
Eichberger, Jürgen, Kelsey, David
core  

Behavioral Financial Engineering: eine Fallstudie zum Rationalen Entscheiden [PDF]

open access: yes
The design of financial products, such as options or reverse convertibles, is guided by considerations that are all within the standard finance world where investors maximize expected utility and care about cash flows, but are indifferent among frames of
Glaser, Markus
core  

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