object relations, dependency, and attachment: a theoretical review
... of the newborn, the ego psychologists do not claim total lack of differentiation. All acknowledge constitutional "givens" or Anlage, which are genetically determined beginnings of more complex processes which will mature later. But they view the newborn's responses, even the most complex, as tied to ...
... of the newborn, the ego psychologists do not claim total lack of differentiation. All acknowledge constitutional "givens" or Anlage, which are genetically determined beginnings of more complex processes which will mature later. But they view the newborn's responses, even the most complex, as tied to ...
How does investor sentiment affect stock market crises
... Francisca BEER, [email protected], Tel: 001 909 880 5709 ...
... Francisca BEER, [email protected], Tel: 001 909 880 5709 ...
Practical Applications of Post Modern Portfolio Theory
... Part One: The Problems with State-of-the-Art Asset Allocation Post-MPT identified issues with the MVO approach to asset allocation The Limits of Mean Variance Optimization (MVO) The current state-of-the-art in the investment industry for determining the optimal allocation of an investment portfolio ...
... Part One: The Problems with State-of-the-Art Asset Allocation Post-MPT identified issues with the MVO approach to asset allocation The Limits of Mean Variance Optimization (MVO) The current state-of-the-art in the investment industry for determining the optimal allocation of an investment portfolio ...
Guided Notes
... Using extinction to refer to any decrease in behavior Some use the term extinction when referring to any _____________ response performance, regardless of what produced the behavior change. Labeling any reduction in behavior that reaches a zero rate of occurrence as _____________ is a common misuse ...
... Using extinction to refer to any decrease in behavior Some use the term extinction when referring to any _____________ response performance, regardless of what produced the behavior change. Labeling any reduction in behavior that reaches a zero rate of occurrence as _____________ is a common misuse ...
Prospect Theory and market quality - University of Michigan`s Ross
... P. Pasquariello / Journal of Economic Theory 149 (2014) 276–310 ...
... P. Pasquariello / Journal of Economic Theory 149 (2014) 276–310 ...
When do Investors Exhibit Stronger Behavioral Biases?
... in large metropolitan areas (financial centers) exhibit greater overconfidence, even though those managers are relatively more sophisticated. Previous studies (e.g., Shefrin and Statman (1985), Odean (1998a), Grinblatt and Keloharju (2001b), Feng and Seasholes (2005)) also document that individual in ...
... in large metropolitan areas (financial centers) exhibit greater overconfidence, even though those managers are relatively more sophisticated. Previous studies (e.g., Shefrin and Statman (1985), Odean (1998a), Grinblatt and Keloharju (2001b), Feng and Seasholes (2005)) also document that individual in ...
object relations, dependency, and attachment
... 3 theoretical approaches to the origin and development of the infant-mother relationship are reviewed: psychoanalytic theories of object relations, social learning theories of dependency (and attachment), and an ethologically oriented theory of attachment. "Object relations," "dependency," and "atta ...
... 3 theoretical approaches to the origin and development of the infant-mother relationship are reviewed: psychoanalytic theories of object relations, social learning theories of dependency (and attachment), and an ethologically oriented theory of attachment. "Object relations," "dependency," and "atta ...
Diversification Preferences in the Theory of
... prefer to allocate a fraction α to asset x and a fraction 1 − α to asset y rather than fully invest in either one of the assets. Within traditional decision theory under risk, where preferences are formed over lotteries, that is probability measures p : Z → [0, 1] over a set of prizes Z, diversifica ...
... prefer to allocate a fraction α to asset x and a fraction 1 − α to asset y rather than fully invest in either one of the assets. Within traditional decision theory under risk, where preferences are formed over lotteries, that is probability measures p : Z → [0, 1] over a set of prizes Z, diversifica ...
The Operant-Respondent Distinction Revisited: Toward
... as they have been observed in equivalence experiments may also be instances of respondent behavior occurring concurrently. We then ask, is it necessary that the two learning processes be distinguished? Might we solve the equivalence puzzle if the distinction were discarded? The Operant-Respondent Di ...
... as they have been observed in equivalence experiments may also be instances of respondent behavior occurring concurrently. We then ask, is it necessary that the two learning processes be distinguished? Might we solve the equivalence puzzle if the distinction were discarded? The Operant-Respondent Di ...
The Equity Premium: Why Is It a Puzzle? Rajnish Mehra
... on growth and in Real Business Cycle theory is that it is scale invariant. Although the levels of aggregate variables, such as capital stock, have increased over time, the equilibrium return process is stationary. A second attractive feature is that it is one of only two preference functions that al ...
... on growth and in Real Business Cycle theory is that it is scale invariant. Although the levels of aggregate variables, such as capital stock, have increased over time, the equilibrium return process is stationary. A second attractive feature is that it is one of only two preference functions that al ...
The long term equilibrium interest rate and risk premiums under
... will not be a natural conclusion for any positive real interest rate, no matter how small, so long as the utility function displays decreasing marginal utility in wealth. This argument is at the best meaningful if the growth rate does not vary much. However if interpreted as some average growth rate ...
... will not be a natural conclusion for any positive real interest rate, no matter how small, so long as the utility function displays decreasing marginal utility in wealth. This argument is at the best meaningful if the growth rate does not vary much. However if interpreted as some average growth rate ...
Research on the Dilemma of Speculation in Chinese Stock Market
... The study on the phenomenon and reason of Chinese stock market speculation has been started since the date of the establishment of Shanghai and Shenzhen stock markets. On the stock market “game”, “Bo dumb” controversy has been continued. Early in December 1996, “people’s Daily” special review articl ...
... The study on the phenomenon and reason of Chinese stock market speculation has been started since the date of the establishment of Shanghai and Shenzhen stock markets. On the stock market “game”, “Bo dumb” controversy has been continued. Early in December 1996, “people’s Daily” special review articl ...
Probability Distortion and Loss Aversion in Futures
... investigating futures hedging in the framework of non-expected utility, i.e. it remains to be seen whether different choice models can yield hedge ratios more consistent with observed behavior. The objective of this paper is to investigate hedging behavior in a non-expected utility framework. More s ...
... investigating futures hedging in the framework of non-expected utility, i.e. it remains to be seen whether different choice models can yield hedge ratios more consistent with observed behavior. The objective of this paper is to investigate hedging behavior in a non-expected utility framework. More s ...
Competition In the Swedish Food Retail Industry
... to the Swedish retail market, but with a few alterations which are presented in the next section. The Swedish food retail market is affected by low population density and characterized with high entry costs. Because of Sweden’s geography, transport costs are high and vary between different parts of ...
... to the Swedish retail market, but with a few alterations which are presented in the next section. The Swedish food retail market is affected by low population density and characterized with high entry costs. Because of Sweden’s geography, transport costs are high and vary between different parts of ...
Disregarded inefficiency may dominate sustainability policies
... value of genuine saving was offered as an indicator of sustainability, and this indicator was used for comparing sustainability of a wide range of developing countries. A review of empirical work on sustainability evaluation can be found in Hamilton (2010). As Hamilton and Hartwick (2005, p. 615) no ...
... value of genuine saving was offered as an indicator of sustainability, and this indicator was used for comparing sustainability of a wide range of developing countries. A review of empirical work on sustainability evaluation can be found in Hamilton (2010). As Hamilton and Hartwick (2005, p. 615) no ...
How Much Diversification is Enough
... theory, but both are consistent with behavioral portfolio theory. The benefits of diversification as measured by the rules of mean–variance portfolio theory have increased in recent years, but the level of diversification in investor portfolios has not. It remains much below the optimal level curren ...
... theory, but both are consistent with behavioral portfolio theory. The benefits of diversification as measured by the rules of mean–variance portfolio theory have increased in recent years, but the level of diversification in investor portfolios has not. It remains much below the optimal level curren ...
Stanley Fischer Robert C. Merton Working Paper No. 1291
... rather modest attention by comparison with other indicators such as interest rate and money supply changes which are frequently highlighted in business ...
... rather modest attention by comparison with other indicators such as interest rate and money supply changes which are frequently highlighted in business ...
Zombie Economics: How Dead Ideas Still Walk
... deviations from Smith’s ideal system are thus clear, because they are posed within a framework that is already very well understood. But that does not mean that these small deviations from Smith’s system describe how the economy actually works. Our book marks a break with this tradition. In our view ...
... deviations from Smith’s ideal system are thus clear, because they are posed within a framework that is already very well understood. But that does not mean that these small deviations from Smith’s system describe how the economy actually works. Our book marks a break with this tradition. In our view ...
Economic Growth Drivers
... preferential tax treatment for foreign companies or export, etc. 2) As China has become big, the complicated incentive system is too difficult to administer. The distortion has created a lot of nonperforming loans. Joining the WTO levels the playing field for everyone and connects China’s system wit ...
... preferential tax treatment for foreign companies or export, etc. 2) As China has become big, the complicated incentive system is too difficult to administer. The distortion has created a lot of nonperforming loans. Joining the WTO levels the playing field for everyone and connects China’s system wit ...
Stock Price Predictability
... their performance over three to twelve-month horizons. They study US data for 1927-1989 but focus on the 1965-89 period. The magnitude of the effect is striking. The top 20% winner stocks over the last six months can outperform the loser stocks by about 1% per month for the next six months. This mom ...
... their performance over three to twelve-month horizons. They study US data for 1927-1989 but focus on the 1965-89 period. The magnitude of the effect is striking. The top 20% winner stocks over the last six months can outperform the loser stocks by about 1% per month for the next six months. This mom ...
NEEDS (MURRAY, 1938) AND STATE
... and the crystal ball grows cloudy. But the importance of the stage is indicated by the fact that terms like wants, faculties, attitudes, drives, ideas, interests, and capacities properly belong there. When it is possible to complete a theoretical analysis at this stage, concepts of this sort will be ...
... and the crystal ball grows cloudy. But the importance of the stage is indicated by the fact that terms like wants, faculties, attitudes, drives, ideas, interests, and capacities properly belong there. When it is possible to complete a theoretical analysis at this stage, concepts of this sort will be ...
beyond individualism in law and economics
... KRANTON, IDENTITY ECONOMICS: HOW OUR IDENTITIES SHAPE OUR WORK, WAGES, AND WELL-BEING 6 (2010); George A. Akerlof & Rachel E. Kranton, Economics and Identity, 115 Q.J. ECON. 715, 715 (2000). They have argued over the last decade that a proper calculation of individual utility requires integration of ...
... KRANTON, IDENTITY ECONOMICS: HOW OUR IDENTITIES SHAPE OUR WORK, WAGES, AND WELL-BEING 6 (2010); George A. Akerlof & Rachel E. Kranton, Economics and Identity, 115 Q.J. ECON. 715, 715 (2000). They have argued over the last decade that a proper calculation of individual utility requires integration of ...
Utility functions and the St. Petersburg Paradox
... of the economic agent when choosing among uncertain or risky decisions. The roots of this theory can be found in Daniel Bernoulli’s famous paper Exposition of a New Theory on the measurement of Risk. Inspired by The St. Petersburg Paradox, Bernoulli switched from the belief in an objective value of ...
... of the economic agent when choosing among uncertain or risky decisions. The roots of this theory can be found in Daniel Bernoulli’s famous paper Exposition of a New Theory on the measurement of Risk. Inspired by The St. Petersburg Paradox, Bernoulli switched from the belief in an objective value of ...
Positive Expectations Feedback Experiments and Number Guessing
... In prediction experiments with a positive expectations feedback (that is, where an increase in average predictions leads to an increase in the realized market price) there is a remarkable tendency for participants to coordinate on a common prediction strategy but no (or only slow) convergence to the ...
... In prediction experiments with a positive expectations feedback (that is, where an increase in average predictions leads to an increase in the realized market price) there is a remarkable tendency for participants to coordinate on a common prediction strategy but no (or only slow) convergence to the ...
Keywords: hot and cold deal market, valuation biases, real options
... this project exceeds 0 (Berk & DeMarzo, 2014). As long as the aforementioned future cash flows can be estimated with relative confidence, this is desirable. However, when this is no longer the case, a so called horizon value should be established (see Appendix A for an example of an overview of a DC ...
... this project exceeds 0 (Berk & DeMarzo, 2014). As long as the aforementioned future cash flows can be estimated with relative confidence, this is desirable. However, when this is no longer the case, a so called horizon value should be established (see Appendix A for an example of an overview of a DC ...