Peer effects, personal characteristics and asset allocation

Both academic researchers and practitioners know that behavioural biases can drive household financial decisions away from standard finance models, and that people don't always follow the professional advice they receive. ...

Bitcoin crash could derail other cryptocurrencies

A sharp fall in the value of Bitcoin may cause other cryptocurrencies to crash, but is unlikely to have a significant impact on traditional assets, according to new research published in the journal Economics Letters.

Uncovering decades of questionable investments

One of the key principles in asset pricing—how we value everything from stocks and bonds to real estate—is that investments with high risk should, on average, have high returns.

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