Author Page for Thorsten Hens

How Time Preferences Differ: Evidence from 53 Countries

Journal of Economic Psychology, Forthcoming

Number of pages: 53 Posted: 04 Oct 2009 Last Revised: 07 Jan 2016

Mei Wang, Marc Oliver Rieger and Thorsten Hens

WHU - Otto Beisheim School of Management, University of Trier and University of Zurich - Department of Banking and Finance

Downloads 2,515 (4,518)

Citation 4

Abstract:

2.

Why do Investors Buy Structured Products?

EFA 2009 Bergen Meetings Paper

Number of pages: 31 Posted: 16 Feb 2009 Last Revised: 18 Aug 2011

Thorsten Hens and Marc Oliver Rieger

University of Zurich - Department of Banking and Finance and University of Trier

Downloads 2,262 (5,415)

Citation 3

Abstract:

3.

An Evolutionary Portfolio Theory

Working Paper No. 74

Number of pages: 27 Posted: 21 Jun 2001

Thorsten Hens and Klaus Reiner Schenk-Hoppé

University of Zurich - Department of Banking and Finance and University of Manchester - Department of Economics

Downloads 1,648 (9,235)

Citation 1

Abstract:

4.

CAPM Equilibria with Prospect Theory Preferences

Number of pages: 26 Posted: 21 Jul 2003 Last Revised: 06 Aug 2012

Enrico G. De Giorgi, Thorsten Hens and Haim Levy

University of St. Gallen - SEPS: Economics and Political Sciences, University of Zurich - Department of Banking and Finance and Hebrew University of Jerusalem - Jerusalem School of Business Administration

Downloads 1,402 (11,986)

Citation 8

Abstract:

5.

Strategic Asset Allocation and Market Timing: A Reinforcement Learning Approach

Number of pages: 10 Posted: 22 Feb 2006

Thorsten Hens and Peter Woehrmann

University of Zurich - Department of Banking and Finance and University of Zurich

Downloads 1,358 (12,631)

Citation 1

Abstract:

6.

A Behavioral Foundation of Reward-Risk Portfolio Selection and the Asset Allocation Puzzle

EFA 2006 Zurich Meetings Paper

Number of pages: 65 Posted: 03 May 2006 Last Revised: 11 Jun 2008

Enrico G. De Giorgi, Thorsten Hens and Janos Mayer

University of St. Gallen - SEPS: Economics and Political Sciences, University of Zurich - Department of Banking and Finance and University of Zurich - Institute of Business Administration

Downloads 1,293 (13,623)

Citation 3

Abstract:

7.

Evolutionary Finance

Swiss Finance Institute Research Paper No. 08-14

Number of pages: 60 Posted: 04 Jul 2008 Last Revised: 17 Dec 2008

Igor V. Evstigneev, Thorsten Hens and Klaus Reiner Schenk-Hoppé

University of Manchester - Economics, School of Social Sciences, University of Zurich - Department of Banking and Finance and University of Manchester - Department of Economics

Downloads 1,224 (14,846)

Citation 6

Abstract:

8.

Existence and Uniqueness in the CAPM with a Riskless Asset

Number of pages: 12 Posted: 16 Oct 1996

Andreas Loeffler and Thorsten Hens

Freie Universität Berlin and University of Zurich - Department of Banking and Finance

Downloads 866 (24,858)

Abstract:

9.

Rational Investor Sentiment

Zurich IEER Working Paper No. 126

Number of pages: 68 Posted: 13 Sep 2002

Anke Gerber, Bodo Vogt and Thorsten Hens

Universität Hamburg, Bielefeld University - Center for Mathematical Economics and University of Zurich - Department of Banking and Finance

Downloads 855 (25,324)

Citation 2

Abstract:

10.

Market Demand Functions in the CAPM

Number of pages: 15 Posted: 01 Feb 1997

Jean-Marc Bottazzi, Thorsten Hens and Andreas Loeffler

Paris School of Economics (PSE), University of Zurich - Department of Banking and Finance and Freie Universität Berlin

Downloads 765 (29,591)

Citation 2

Abstract:

11.

Prospect Theory Around the World

NHH Dept. of Finance & Management Science Discussion Paper No. 2011/19

Number of pages: 37 Posted: 10 Nov 2011

Marc Oliver Rieger, Mei Wang and Thorsten Hens

University of Trier, WHU - Otto Beisheim School of Management and University of Zurich - Department of Banking and Finance

Downloads 712 (32,696)

Citation 1

Abstract:

12.

Two Paradigms and Nobel Prizes in Economics: A Contradiction or Coexistence?

Downloads 709 ( 32,893)

Citation 2

2

Two Paradigms and Nobel Prizes in Economics: A Contradiction or Coexistence?

Number of pages: 32 Posted: 13 Aug 2003 Last Revised: 15 May 2011

Enrico G. De Giorgi, Thorsten Hens and Haim Levy

University of St. Gallen - SEPS: Economics and Political Sciences, University of Zurich - Department of Banking and Finance and Hebrew University of Jerusalem - Jerusalem School of Business Administration

Downloads 709 (32,384)

Citation 2

Abstract:

Two Paradigms and Nobel Prizes in Economics: A Contradiction or Coexistence?

European Financial Management, Vol. 18, Issue 2, pp. 163-182, 2012

Number of pages: 20 Posted: 17 Mar 2012

Haim Levy, Enrico G. De Giorgi and Thorsten Hens

Hebrew University of Jerusalem - Jerusalem School of Business Administration, University of St. Gallen - SEPS: Economics and Political Sciences and University of Zurich - Department of Banking and Finance

Downloads 0

Citation 2

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Abstract:

13.

An Evolutionary Approach to Financial Innovation

Zurich IEER Working Paper No. 35

Number of pages: 39 Posted: 26 Jul 2000

Marc Oliver Bettzuge and Thorsten Hens

University of Zurich - Department of Economics and University of Zurich - Department of Banking and Finance

Downloads 641 (37,621)

Citation 2

Abstract:

14.

Financial Market Equilibria with Cumulative Prospect Theory

Swiss Finance Institute Research Paper No. 07-21

Number of pages: 34 Posted: 14 May 2007 Last Revised: 08 Jul 2009

Enrico G. De Giorgi, Thorsten Hens and Marc Oliver Rieger

University of St. Gallen - SEPS: Economics and Political Sciences, University of Zurich - Department of Banking and Finance and University of Trier

Downloads 626 (38,851)

Citation 4

Abstract:

15.

Market Selection and Survival of Investment Strategies

Zurich IEER Working Paper No. 91

Number of pages: 23 Posted: 14 Nov 2001

Rabah Amir, Klaus Reiner Schenk-Hoppé, Igor V. Evstigneev and Thorsten Hens

University of Arizona - Department of Economics, University of Manchester - Department of Economics, University of Manchester - Economics, School of Social Sciences and University of Zurich - Department of Banking and Finance

Downloads 609 (40,272)

Citation 10

Abstract:

16.

Value and Patience: The Value Premium in a Dividend-Growth Model with Hyperbolic Discounting

Swiss Finance Institute Research Paper No. 13-32

Number of pages: 49 Posted: 08 Jun 2013 Last Revised: 07 Dec 2018

Nilufer Caliskan and Thorsten Hens

University of Zurich - Department of Banking and Finance and University of Zurich - Department of Banking and Finance

Downloads 593 (41,729)

Abstract:

17.

Improving Investment Decisions with Simulated Experience

Review of Finance, Forthcoming

Number of pages: 41 Posted: 21 Nov 2012 Last Revised: 10 Apr 2014

Meike Bradbury, Thorsten Hens and Stefan Zeisberger

University of Zurich - Department of Banking and Finance, University of Zurich - Department of Banking and Finance and Radboud University

Downloads 579 (43,071)

Abstract:

18.

Three Solutions to the Pricing Kernel Puzzle

Review of Finance, Vol. 17, Issue 3, pp. 1065-1098, 2013

Number of pages: 34 Posted: 13 Apr 2010 Last Revised: 20 Oct 2013

Thorsten Hens and Christian Reichlin

University of Zurich - Department of Banking and Finance and ETH Zurich

Downloads 570 (43,930)

Citation 2

Abstract:

19.

Computational Aspects of Prospect Theory with Asset Pricing Applications

Number of pages: 14 Posted: 26 Jan 2006

Enrico G. De Giorgi, Thorsten Hens and Janos Mayer

University of St. Gallen - SEPS: Economics and Political Sciences, University of Zurich - Department of Banking and Finance and University of Zurich - Institute of Business Administration

Downloads 543 (46,713)

Citation 4

Abstract:

20.

Market Selection of Financial Trading Strategies: Global Stability

Downloads 540 ( 47,061)

Citation 16

2

Market Selection of Financial Trading Strategies: Global Stability

Zurich IEER Working Paper No. 83, Finrisk Working Paper No. 11

Number of pages: 17 Posted: 08 Aug 2001

Igor V. Evstigneev, Klaus Reiner Schenk-Hoppé and Thorsten Hens

University of Manchester - Economics, School of Social Sciences, University of Manchester - Department of Economics and University of Zurich - Department of Banking and Finance

Downloads 522 (48,584)

Citation 16

Abstract:

Market Selection of Financial Trading Strategies: Global Stability

Mathematical Finance, Vol. 12, pp. 329-339, 2002

Number of pages: 11 Posted: 07 Feb 2003

Igor V. Evstigneev, Thorsten Hens and Klaus Reiner Schenk-Hoppé

University of Manchester - Economics, School of Social Sciences, University of Zurich - Department of Banking and Finance and University of Manchester - Department of Economics

Downloads 18 (522,484)

Citation 16

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Abstract:

21.

The Impact of Monetary Policy on Stock Market Bubbles and Trading Behavior: Evidence from the Lab

Journal of Economic Dynamics and Control 37(10), pp. 2104-2122

Number of pages: 37 Posted: 02 Jul 2011 Last Revised: 30 Jul 2013

Urs Fischbacher, Thorsten Hens and Stefan Zeisberger

University of Konstanz - Faculty of Economics and Statistics, University of Zurich - Department of Banking and Finance and Radboud University

Downloads 471 (55,937)

Abstract:

22.

Evolution of Portfolio Rules in Incomplete Markets

Zurich IEER Working Paper No. 74

Number of pages: 31 Posted: 26 Oct 2001

Thorsten Hens and Klaus Reiner Schenk-Hoppé

University of Zurich - Department of Banking and Finance and University of Manchester - Department of Economics

Downloads 456 (58,243)

Citation 11

Abstract:

23.

Explaining the Demand for Structured Financial Products: Survey and Field Experiment Evidence

Number of pages: 19 Posted: 20 Oct 2010

Marc Oliver Rieger and Thorsten Hens

University of Trier and University of Zurich - Department of Banking and Finance

Downloads 455 (58,393)

Citation 1

Abstract:

24.

How Persistent are the Effects of Experience Sampling on Investor Behavior?

Journal of Banking and Finance, Forthcoming, Swiss Finance Institute Research Paper No. 17-43

Number of pages: 51 Posted: 09 May 2015 Last Revised: 31 Oct 2018

Meike Bradbury, Thorsten Hens and Stefan Zeisberger

University of Zurich - Department of Banking and Finance, University of Zurich - Department of Banking and Finance and Radboud University

Downloads 454 (58,541)

Abstract:

25.

An Application of Evolutionary Finance to Firms Listed in the Swiss Market Index

Zurich IEER Working Paper No. 128

Number of pages: 28 Posted: 19 Feb 2003

Thorsten Hens, Klaus Reiner Schenk-Hoppé and Martin Stalder

University of Zurich - Department of Banking and Finance, University of Manchester - Department of Economics and Universitat Zurich

Downloads 452 (58,863)

Citation 5

Abstract:

26.

Does Prospect Theory Explain the Disposition Effect?

NHH Dept. of Finance & Management Science Discussion Paper No. 18/2005

Number of pages: 38 Posted: 13 Mar 2007

Thorsten Hens and Martin Vlcek

University of Zurich - Department of Banking and Finance and University of Zurich - Department of Economics

Downloads 448 (59,549)

Citation 16

Abstract:

27.

Evolutionary Behavioural Finance

Swiss Finance Institute Research Paper No. 15-16

Number of pages: 29 Posted: 06 Jun 2015

Igor V. Evstigneev, Thorsten Hens and Klaus Reiner Schenk-Hoppé

University of Manchester - Economics, School of Social Sciences, University of Zurich - Department of Banking and Finance and University of Manchester - Department of Economics

Downloads 442 (60,477)

Abstract:

28.

International Evidence on the Equity Premium Puzzle and Time Discounting

Downloads 425 ( 63,631)

2

International Evidence on the Equity Premium Puzzle and Time Discounting

Multinational Finance Journal, 2013, vol. 17, no. 3/4, pp. 149-163

Number of pages: 15 Posted: 31 Jul 2012 Last Revised: 02 Aug 2017

Marc Oliver Rieger, Mei Wang and Thorsten Hens

University of Trier, WHU - Otto Beisheim School of Management and University of Zurich - Department of Banking and Finance

Downloads 350 (79,097)

Abstract:

International Evidence on the Equity Premium Puzzle and Time Discounting

Multinational Finance Journal, Vol. 17, No. 3/4, p. 149-163, 2013

Number of pages: 15 Posted: 18 Jun 2015

Marc Oliver Rieger, Mei Wang and Thorsten Hens

University of Trier, WHU - Otto Beisheim School of Management and University of Zurich - Department of Banking and Finance

Downloads 75 (304,940)

Abstract:

29.

Financial Innovation, Communication and the Theory of the Firm

Zurich IEER Working Paper No. 32

Number of pages: 38 Posted: 20 Jul 2000

Marc Oliver Bettzuge and Thorsten Hens

University of Zurich - Department of Economics and University of Zurich - Department of Banking and Finance

Downloads 409 (66,488)

Citation 1

Abstract:

30.

Soft Landing of a Stock Market Bubble. An Experimental Study

Zurich IEER Working Paper No. 90

Number of pages: 62 Posted: 06 Feb 2002

Ralf M. Becker, Urs Fischbacher and Thorsten Hens

Deutsche Bank Securities, Inc. - Global Markets Research, Economy, University of Konstanz - Faculty of Economics and Statistics and University of Zurich - Department of Banking and Finance

Downloads 374 (73,868)

Citation 2

Abstract:

31.

On the Micro-Foundations of Money: The Capitol Hill Baby-Sitting Co-Op

Downloads 364 ( 76,259)

Citation 1

2

On the Micro-Foundations of Money: The Capitol Hill Baby-Sitting Co-Op

Zurich IEER Working Paper No. 108

Number of pages: 31 Posted: 13 Mar 2002 Last Revised: 23 Dec 2011

Thorsten Hens, Klaus Reiner Schenk-Hoppé and Bodo Vogt

University of Zurich - Department of Banking and Finance, University of Manchester - Department of Economics and Bielefeld University - Center for Mathematical Economics

Downloads 303 (93,310)

Citation 1

Abstract:

On the Micro-Foundations of Money: The Capitol Hill Baby-Sitting Co-Op

HWWA Working Paper No. 255

Number of pages: 24 Posted: 08 Jan 2004 Last Revised: 21 Nov 2011

Thorsten Hens, Klaus Reiner Schenk-Hoppé and Bodo Vogt

University of Zurich - Department of Banking and Finance, University of Manchester - Department of Economics and Bielefeld University - Center for Mathematical Economics

Downloads 61 (338,893)

Citation 1

Abstract:

32.

The War Puzzle: Contradictory Effects of International Conflicts on Stock Markets

Swiss Finance Institute Research Paper No. 11-21

Number of pages: 30 Posted: 31 May 2011

Amelie Brune, Thorsten Hens, Marc Oliver Rieger and Mei Wang

University of Zurich - Department of Banking and Finance, University of Zurich - Department of Banking and Finance, University of Trier and WHU - Otto Beisheim School of Management

Downloads 359 (77,444)

Abstract:

33.

Evolutionary Finance and Dynamic Games

Swiss Finance Institute Research Paper No. 09-49

Number of pages: 39 Posted: 25 Jan 2010

Rabah Amir, Igor V. Evstigneev, Thorsten Hens and Le Xu

University of Arizona - Department of Economics, University of Manchester - Economics, School of Social Sciences, University of Zurich - Department of Banking and Finance and University of Manchester

Downloads 349 (79,990)

Citation 1

Abstract:

34.

Survival and Evolutionary Stability of the Kelly Rule

Swiss Finance Institute Research Paper No. 09-32

Number of pages: 17 Posted: 07 Sep 2009

Igor V. Evstigneev, Thorsten Hens and Klaus Reiner Schenk-Hoppé

University of Manchester - Economics, School of Social Sciences, University of Zurich - Department of Banking and Finance and University of Manchester - Department of Economics

Downloads 318 (88,968)

Abstract:

35.

Cumulative Prospect Theory and Mean Variance Analysis: A Rigorous Comparison

Downloads 304 ( 93,521)

2

Cumulative Prospect Theory and Mean Variance Analysis: A Rigorous Comparison

Swiss Finance Institute Research Paper No. 14-23

Number of pages: 46 Posted: 28 Mar 2014

Thorsten Hens and Janos Mayer

University of Zurich - Department of Banking and Finance and University of Zurich - Institute of Business Administration

Downloads 303 (93,310)

Abstract:

Cumulative Prospect Theory and Mean–Variance Analysis: A Rigorous Comparison

Journal of Computational Finance, Vol. 21, No. 3, 2017

Number of pages: 28 Posted: 02 Dec 2017

Thorsten Hens and Janos Mayer

University of Zurich - Department of Banking and Finance and University of Zurich - Institute of Business Administration

Downloads 1 (639,822)

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Abstract:

36.

Modelling Alpha-Opportunities Within the CAPM

Number of pages: 26 Posted: 03 Mar 2007

Anke Gerber and Thorsten Hens

Universität Hamburg and University of Zurich - Department of Banking and Finance

Downloads 295 (96,605)

Citation 2

Abstract:

37.

Local Stability Analysis of a Stochastic Evolutionary Financial Market Model with a Risk-free Asset

Swiss Finance Institute Research Paper No. 10-36

Number of pages: 26 Posted: 04 Sep 2010 Last Revised: 17 Nov 2011

Igor V. Evstigneev, Thorsten Hens and Klaus Reiner Schenk-Hoppé

University of Manchester - Economics, School of Social Sciences, University of Zurich - Department of Banking and Finance and University of Manchester - Department of Economics

Downloads 290 (98,437)

Abstract:

38.

Which Measures Predict Risk Taking in a Multi-Stage Controlled Decision Process?

Swiss Finance Institute Research Paper No. 17-51

Number of pages: 31 Posted: 09 Dec 2014 Last Revised: 02 Jul 2018

Kremena Bachmann, Thorsten Hens and Remo Stössel

University of Zurich - Department of Banking and Finance, University of Zurich - Department of Banking and Finance and University of Zurich - Department of Banking and Finance

Downloads 255 (112,733)

Abstract:

39.

Front-Running and Market Quality: An Evolutionary Perspective on High Frequency Trading

Downloads 253 (113,649)

2

Front-Running and Market Quality: An Evolutionary Perspective on High Frequency Trading

Swiss Finance Institute Research Paper No. 17-10

Number of pages: 23 Posted: 23 Mar 2017 Last Revised: 12 Sep 2017

Thorsten Hens, Terje Lensberg and Klaus Reiner Schenk-Hoppé

University of Zurich - Department of Banking and Finance, Norwegian School of Economics (NHH) - Department of Finance and University of Manchester - Department of Economics

Downloads 252 (113,676)

Abstract:

Front‐Running and Market Quality: An Evolutionary Perspective on High Frequency Trading

International Review of Finance, Vol. 18, Issue 4, pp. 727-741, 2018

Number of pages: 15 Posted: 07 Dec 2018

Thorsten Hens, Terje Lensberg and Klaus Reiner Schenk‐Hoppé

University of Zurich - Department of Banking and Finance, Norwegian School of Economics (NHH) - Department of Finance and University of Manchester

Downloads 1 (639,822)

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Abstract:

40.

Markets Do Not Select for a Liquidity Preference as Behavior Towards Risk

U of Copenhagen Institute of Economics Working Paper No. 02-18, Zurich IEER Working Paper No. 139

Number of pages: 16 Posted: 27 Jan 2003

Thorsten Hens and Klaus Reiner Schenk-Hoppé

University of Zurich - Department of Banking and Finance and University of Manchester - Department of Economics

Downloads 237 (121,440)

Citation 3

Abstract:

41.

Risk Aversion in the Large and in the Small

Swiss Finance Institute Research Paper No. 11-24

Number of pages: 21 Posted: 06 Jul 2011

Jørgen Haug, Thorsten Hens and Peter Wohrmann

Norwegian School of Economics (NHH) - Department of Finance, University of Zurich - Department of Banking and Finance and University of Zurich - Swiss Banking Institute (ISB)

Downloads 213 (134,783)

Abstract:

42.

The Great Capitol Hill Baby Sitting Co-Op: Anecdote or Evidence for the Optimum Quantity of Money?

Number of pages: 43 Posted: 22 Jun 2006 Last Revised: 21 Nov 2011

Thorsten Hens, Klaus Reiner Schenk-Hoppé and Bodo Vogt

University of Zurich - Department of Banking and Finance, University of Manchester - Department of Economics and Bielefeld University - Center for Mathematical Economics

Downloads 211 (135,971)

Abstract:

43.

Theory Matters for Financial Advice!

Swiss Finance Institute Research Paper No. 14-22

Number of pages: 27 Posted: 28 Mar 2014

Thorsten Hens and Janos Mayer

University of Zurich - Department of Banking and Finance and University of Zurich - Institute of Business Administration

Downloads 201 (142,354)

Abstract:

44.

Globally Evolutionarily Stable Portfolio Rules

FINRISK Working Paper No. 238

Number of pages: 43 Posted: 20 Sep 2005 Last Revised: 23 Nov 2007

Igor V. Evstigneev, Thorsten Hens and Klaus Reiner Schenk-Hoppé

University of Manchester - Economics, School of Social Sciences, University of Zurich - Department of Banking and Finance and University of Manchester - Department of Economics

Downloads 180 (157,557)

Citation 10

Abstract:

45.

A Note on Reward-Risk Portfolio Selection and Two-Fund Separation

Number of pages: 9 Posted: 24 Nov 2010

Enrico G. De Giorgi, Thorsten Hens and Janos Mayer

University of St. Gallen - SEPS: Economics and Political Sciences, University of Zurich - Department of Banking and Finance and University of Zurich - Institute of Business Administration

Downloads 178 (159,168)

Abstract:

46.

Evolutionary Stable Stock Markets

Zurich IEER Working Paper No. 170

Number of pages: 25 Posted: 04 Dec 2003

Igor V. Evstigneev, Klaus Reiner Schenk-Hoppé and Thorsten Hens

University of Manchester - Economics, School of Social Sciences, University of Manchester - Department of Economics and University of Zurich - Department of Banking and Finance

Downloads 177 (159,971)

Citation 20

Abstract:

47.

On the Determinants of Household Debt Maturity Choice

Applied Economics 47, 449-465, 2015

Number of pages: 33 Posted: 03 Feb 2011 Last Revised: 10 Mar 2016

Wolfgang Breuer, Thorsten Hens, Astrid Juliane Salzmann and Mei Wang

RWTH Aachen University, University of Zurich - Department of Banking and Finance, RWTH Aachen University - Department of Finance and WHU - Otto Beisheim School of Management

Downloads 170 (165,757)

Abstract:

48.

The Earnings Game with Behavioral Investors

Number of pages: 49 Posted: 04 Mar 2008

Thorsten Hens

University of Zurich - Department of Banking and Finance

Downloads 168 (167,485)

Abstract:

49.

Is there Swissness in Investment Decision Behavior and Investment Competence?

Financial Markets and Portfolio Management, August 2016, Volume 30, Issue 3, pp 233–275

Number of pages: 28 Posted: 31 Jan 2014 Last Revised: 01 Nov 2016

Kremena Bachmann and Thorsten Hens

University of Zurich - Department of Banking and Finance and University of Zurich - Department of Banking and Finance

Downloads 158 (176,510)

Abstract:

50.

Prospect Theory and the Size and Value Premium Puzzles

NHH Finance & Management Science Discussion Paper No. 20/2005

Number of pages: 10 Posted: 13 Mar 2007

Enrico G. De Giorgi, Thorsten Hens and Thierry Post

University of St. Gallen - SEPS: Economics and Political Sciences, University of Zurich - Department of Banking and Finance and Graduate School of Business of Nazarbayev University

Downloads 158 (176,510)

Citation 2

Abstract:

51.

Patience is a Virtue - In Value Investing

Swiss Finance Institute Research Paper No. 18-26

Number of pages: 22 Posted: 23 Mar 2018 Last Revised: 02 Apr 2018

Thorsten Hens and Klaus Reiner Schenk-Hoppé

University of Zurich - Department of Banking and Finance and University of Manchester - Department of Economics

Downloads 147 (187,412)

Abstract:

52.

Nash Equilibrium Strategies and Survival Portfolio Rules in Evolutionary Models of Asset Markets

Swiss Finance Institute Research Paper No. 17-17

Number of pages: 20 Posted: 15 Aug 2017

Sergei Belkov, Igor V. Evstigneev, Thorsten Hens and Le Xu

University of Manchester, University of Manchester - Economics, School of Social Sciences, University of Zurich - Department of Banking and Finance and University of Manchester

Downloads 113 (229,894)

Abstract:

53.

Investment Competence and Advice Seeking

Journal of Behavioral and Experimental Finance (2015) 6, 27-41

Number of pages: 39 Posted: 27 Jul 2014 Last Revised: 03 Nov 2016

Kremena Bachmann and Thorsten Hens

University of Zurich - Department of Banking and Finance and University of Zurich - Department of Banking and Finance

Downloads 113 (229,894)

Abstract:

54.

An Evolutionary Explanation of the Value Premium Puzzle

NCCR Financial Valuation and Risk Management Working Paper No. 280

Number of pages: 17 Posted: 26 Jul 2010

Thorsten Hens, Terje Lensberg, Klaus Reiner Schenk-Hoppé and Peter Woehrmann

University of Zurich - Department of Banking and Finance, Norwegian School of Economics (NHH) - Department of Finance, University of Manchester - Department of Economics and University of Zurich

Downloads 103 (245,438)

Citation 2

Abstract:

55.

Dynamic General Equilibrium and T-Period Fund Separation

Number of pages: 37 Posted: 22 Feb 2006

Anke Gerber, Thorsten Hens and Peter Woehrmann

Universität Hamburg, University of Zurich - Department of Banking and Finance and University of Zurich

Downloads 103 (245,438)

Citation 1

Abstract:

56.

Limits to Arbitrage When Market Participation is Restricted

IEW Working Paper No. 176

Number of pages: 15 Posted: 07 Nov 2004

Thorsten Hens, P. Jean-Jacques Herings and Arkadi Predtetchinski

University of Zurich - Department of Banking and Finance, Maastricht University and Maastricht University - Department of Economics

Downloads 101 (248,811)

Abstract:

57.

Money and Reciprocity

Zurich IEER Working Paper No. 138

Number of pages: 45 Posted: 28 Jan 2003

Bodo Vogt and Thorsten Hens

Bielefeld University - Center for Mathematical Economics and University of Zurich - Department of Banking and Finance

Downloads 88 (272,006)

Abstract:

58.

Existence of Sunspot Equilibria and Uniqueness of Spot Market Equilibria: The Case of Intrinsically Complete Markets

IEW Working Paper No. 188

Number of pages: 35 Posted: 06 Jun 2004

Thorsten Hens, Beate Pilgrim and Janos Mayer

University of Zurich - Department of Banking and Finance, University of Zurich - Department of Economics and University of Zurich - Institute of Business Administration

Downloads 81 (286,150)

Abstract:

59.

Evolutionary Finance Models with Short Selling and Endogenous Asset Supply

Swiss Finance Institute Research Paper No. 17-26

Number of pages: 31 Posted: 28 Sep 2017

Sergei Belkov, Igor V. Evstigneev and Thorsten Hens

University of Manchester, University of Manchester - Economics, School of Social Sciences and University of Zurich - Department of Banking and Finance

Downloads 79 (290,426)

Abstract:

60.

The Transfer Paradox and Sunspot Equilibria

University of Zurich, IEW Working Paper No. 70

Number of pages: 19 Posted: 14 Feb 2001

Thorsten Hens and Beate Pilgrim

University of Zurich - Department of Banking and Finance and University of Zurich - Department of Economics

Downloads 74 (301,731)

Citation 1

Abstract:

61.

An Extension of Mantel (1976) to Incomplete Markets

Zurich IEER Working Paper No. 71

Number of pages: 16 Posted: 14 Feb 2001

Thorsten Hens

University of Zurich - Department of Banking and Finance

Downloads 72 (306,447)

Citation 1

Abstract:

62.

On Uniqueness of Equilibria in the CAPM

Zurich IEER Working Paper No. 39

Number of pages: 17 Posted: 26 Jul 2000

Thorsten Hens, Jörg Laitenberger and Andreas Loeffler

University of Zurich - Department of Banking and Finance, University of Hannover - Economics and Business Administration Area and Freie Universität Berlin

Downloads 71

Citation 3

Abstract:

63.

An Evolutionary Finance Model with a Risk-Free Asset

Swiss Finance Institute Research Paper No. 17-28

Number of pages: 21 Posted: 13 Oct 2017 Last Revised: 02 Dec 2017

Sergei Belkov, Igor V. Evstigneev and Thorsten Hens

University of Manchester, University of Manchester - Economics, School of Social Sciences and University of Zurich - Department of Banking and Finance

Downloads 68 (316,071)

Abstract:

64.

Earnings Management and Managerial Compensation

Swiss Finance Institute Research Paper No. 17-77

Number of pages: 44 Posted: 28 Mar 2013 Last Revised: 07 Mar 2018

Kremena Bachmann and Thorsten Hens

University of Zurich - Department of Banking and Finance and University of Zurich - Department of Banking and Finance

Downloads 12 (537,785)

Abstract:

65.

Behavioural Finance and Investment Advice

Handbook of Behavioral Finance, 2010, Edward Elgar Publishing, pages: 301-321

Posted: 08 Apr 2013 Last Revised: 31 Jan 2014

Kremena Bachmann and Thorsten Hens

University of Zurich - Department of Banking and Finance and University of Zurich - Department of Banking and Finance

Abstract:

66.

Making Prospect Theory Fit for Finance

Financial Markets and Portfolio Management, Vol. 20, No. 3, pp. 339-360, 2006

Posted: 17 Sep 2006

Enrico G. De Giorgi and Thorsten Hens

University of St. Gallen - SEPS: Economics and Political Sciences and University of Zurich - Department of Banking and Finance

Abstract:

67.

On Choquet Prices in a Gei-Model with Intermediation Costs

Research in Economics, Vol. 54, No. 2, June 2000

Posted: 22 Jan 2001

Marc Oliver Bettzuge, Thorsten Hens, Marta Laitenberger and Thomas Siwik

University of Zurich - Department of Economics, University of Zurich - Department of Banking and Finance, University of Bonn and Deloitte & Touche GmbH

Abstract:

68.

Disaggregation of Excess Demand and Comparative Statics with Incomplete Markets and Nominal Assets

Economic Theory, Vol. 13, Issue 2, February 1999

Posted: 24 Mar 1999

Piero Gottardi and Thorsten Hens

European University Institute - Department of Economics and University of Zurich - Department of Banking and Finance

Thorsten Hens

University of Zurich - Department of Banking and Finance

Professor of Financial Economics

Norwegian School of Economics and Business Administration (NHH)

Adjunct Professor for Financial Economics

Swiss Finance Institute (Zurich Center)

Professor of Financial Economics

Swiss Finance Institute

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Scholarly Papers (68)

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Two Paradigms and Nobel Prizes in Economics: A Contradiction or Coexistence?

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Market Selection of Financial Trading Strategies: Global Stability

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Cumulative Prospect Theory and Mean–Variance Analysis: A Rigorous Comparison

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Front‐Running and Market Quality: An Evolutionary Perspective on High Frequency Trading

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