Andy Yeh’s Reviews > Investors and Markets: Portfolio Choices, Asset Prices, and Investment Advice > Status Update
Andy Yeh
is on page 64 of 232
In numerous experiments conducted by cognitive psychologists, individuals presented with simple decisions under uncertainty tend to make choices that reveal asymmetric views of gains and losses from some reference point. The core results from these cognitive experiments form the famous Prospect Theory of Daniel Kahneman and Amos Tversky. We can capture the above asymmetry with discontinuous marginal utility curves.
— Jul 16, 2011 10:21PM
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Andy Yeh’s Previous Updates
Andy Yeh
is finished
Defined contribution plans provide the flexibility to allow the better allocation of economic outcomes. These retirement plans do not preclude a person's ability to replicate a defined benefit plan by investing in low-risk investment vehicles during the working years to then purchase an annuity at retirement. The highly risk-averse individuals may seek this route, but others need not do so.
— Jul 27, 2011 11:15PM
Andy Yeh
is on page 200 of 232
The chance that widespread layoffs will coincide with the bankruptcy of many small and low-priced companies may lead investors to require higher expected returns on the stocks of such companies than would be indicated by their beta values relative to a portfolio of traded equities.
— Jul 27, 2011 01:12AM
Andy Yeh
is on page 186 of 232
A situation that provides extraordinary returns in most states of the world and disastrous returns in a few states of the world gives rise to what is known as the peso problem.
— Jul 25, 2011 11:15PM
Andy Yeh
is on page 184 of 232
A situation that provides extraordinary returns in most states of the world and disastrous returns in a few states of the world gives rise to what is known as the peso problem.
— Jul 25, 2011 12:07AM
Andy Yeh
is on page 182 of 232
A situation that provides extraordinary returns in most states of the world and disastrous returns in a few states of the world gives rise to what is known as the peso problem.
— Jul 25, 2011 12:05AM
Andy Yeh
is on page 179 of 232
In long-run settings, it is possible to create a non-linear return function with a dynamic strategy that follows decision rules for changing asset mixes based on previous returns.
— Jul 25, 2011 12:03AM
Andy Yeh
is on page 151 of 232
It would be splendid if an investment provided both upside return potential and downside protection.
— Jul 20, 2011 11:55PM
Andy Yeh
is on page 134 of 232
According to the democratic principle of one vote one value, the median estimate expresses the vox populi, every other estimate can be viewed as too low or too high by a majority of the voters. Some experimental results turn out to be more creditable to the trustworthiness of a democratic judgment than what we might expect.
— Jul 18, 2011 11:34PM
