Browse Items (147 total)

This book offers an account and development of the details that indicate
how my thinking changed and led me to a new appreciation of the classical
scholars and of F. A. Hayek. It is true that I had read Hayek (1945) long ago, and its theme even led…

This particular book was built around the problems of a little cosmos that in many ways provides a good working model of the larger society in which we live. Although the stock market represents only a certain part of the lifeactivity of a certain…

Investors walk a tricky tightrope of risk and performance. Those who choose too little risk may fail to reach their goal. Those who choose too
much may lose their balance, with potentially disastrous results. How
should investors decide what level…

Economic and psychology share common intellectual roots. At least as they are practised in the English-speaking world, both have their origins in the philosophy of the 'British empiricist' school of the seventeenth to nineteenth centuries. But as…

the most important feature of the approach in this book is that it provides a theoretical structure to analyze the impact of behavioral beliefs and preferences on all asset prices through the SDF. In this respect, the approach in this paper develops…

Behavioral finance argues that some financial phenomena can plausibly be understood using models in which some agents are not fully rational. The field has two building blocks: limits to arbitrage, which argues that it can be difficult for rational…

This chapter investigates the difference between ultimatum games over gains and over losses. Although previous research in decision making has found that individuals treat losses and gains differently, losses have not previously been investigated in…

For over a million years man has been trying to predict his future.He has always failed-and his failures are buried the dust of history. Legendary fortune tellers, prophets, oracles, medicine men, astrologers, numerologists, mystics, charlatans, and…