This paper examines the issuer pricing of structured products during the exchange trade of
November 2001. The daily closing quotes of roughly 170 reverse convertibles and 740 …

We investigate whether and how business credit information sharing helps to better assess
the default risk of private firms. Private firms represent an ideal testing ground because they …

After graduating high school, underage individuals soon face ever more complex and important
financial decisions. Pivotal to the development of improved financial literacy programs is …

We analyze the attractiveness of investment strategies over a variety of investment horizons
from the viewpoint of an investor with preferences described by Cumulative Prospect Theory …

This chapter focuses on studies of decision making under risk. It examines how insights
from studies of risky choice can be extended more generally to uncertainty. An overview of …

We provide evidence that investor behavior is sensitive to two dimensions of subjective
uncertainty concerning future asset values. Investors vary in the extent to which they attribute …

Cumulative prospect theory (CPT) is widely considered to be the most successful descriptive
theory for decision making under risk and uncertainty. Sophisticated methods have been …

This research builds on the idea that debt-related financial distress faced by an individual
results primarily from the inability to understand and apply fundamental economic concepts to …

We provide evidence that investor behavior is sensitive to two dimensions of subjective
uncertainty concerning future asset values. Investors vary in the extent to which they attribute …

In recent years, consumer financial decision making has moved into the academic research
and policy making spotlights, motivated not only by increased concern with the financial …