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 2,955 (4,140)

Citation 30

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 2,447 (5,644)

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 1,675 (10,661)

Citation 7

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 1,444 (13,496)

Citation 2

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 1,398 (14,196)

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 1,343 (15,092)

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 1,271 (16,405)

Citation 4

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 897 (27,459)

Citation 1

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 891 (27,734)

Citation 40

Abstract:

10.

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 807 (31,895)

Citation 14

Abstract:

11.

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 774 (33,745)

Citation 1

Abstract:

12.

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

Downloads 730 ( 36,583)

Citation 48

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 730 (36,037)

Citation 37

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 7

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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 648 (42,978)

Abstract:

14.

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 635 (44,130)

Abstract:

15.

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 634 (44,221)

Citation 9

Abstract:

16.

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, Institute for Management Research

Downloads 618 (45,707)

Citation 8

Abstract:

17.

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 615 (46,004)

Citation 43

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 591 (48,472)

Citation 9

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 554 (52,585)

Citation 3

Abstract:

20.

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 553 (52,710)

Citation 20

Abstract:

21.

Market Selection of Financial Trading Strategies: Global Stability

Downloads 545 ( 53,641)

Citation 21

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 527 (55,411)

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 (589,904)

Citation 2

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Abstract:

22.

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, Institute for Management Research

Downloads 517 (57,405)

Citation 3

Abstract:

23.

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, Institute for Management Research

Downloads 499 (60,006)

Abstract:

24.

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 486 (62,034)

Abstract:

25.

International Evidence on the Equity Premium Puzzle and Time Discounting

Downloads 483 ( 62,497)

Citation 1

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 379 (82,781)

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 104 (277,889)

Citation 1

Abstract:

26.

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 480 (62,985)

Citation 2

Abstract:

27.

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 472 (64,348)

Citation 38

Abstract:

28.

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 460 (66,381)

Citation 34

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 419 (74,313)

Citation 1

Abstract:

30.

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 390 (80,809)

Citation 2

Abstract:

31.

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 384 (82,262)

Citation 15

Abstract:

32.

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

Downloads 381 ( 83,013)

Citation 27

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 307 (105,323)

Citation 26

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 74 (344,864)

Citation 1

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 362 (88,101)

Citation 3

Abstract:

34.

Cumulative Prospect Theory and Mean Variance Analysis: A Rigorous Comparison

Downloads 337 ( 95,554)

Citation 1

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 336 (95,180)

Citation 1

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 (726,798)

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Abstract:

35.

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 330 (97,762)

Citation 4

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 323 (100,129)

Citation 3

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 305 (106,664)

Citation 1

Abstract:

38.

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

Bachmann, K., Hens, T., and Stössel, R. (2018). Which Measures Predict Risk Taking in a Multi-Stage Controlled Decision Process? Financial Services Review, 26, 339–365. Doi.org/10.2139/ssrn.2535859

Number of pages: 31 Posted: 09 Dec 2014 Last Revised: 22 Feb 2020

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 295 (110,564)

Citation 3

Abstract:

39.

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

Downloads 279 (117,272)

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 278 (117,090)

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 - Department of Economics

Downloads 1 (726,798)

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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 240 (136,968)

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 227 (144,591)

Abstract:

42.

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 220 (149,047)

Citation 1

Abstract:

43.

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 218 (150,308)

Citation 1

Abstract:

44.

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 212 (154,283)

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 192 (169,207)

Citation 1

Abstract:

46.

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 191 (169,942)

Citation 2

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 182 (177,482)

Citation 1

Abstract:

48.

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 181 (178,378)

Citation 39

Abstract:

49.

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 175 (183,793)

Abstract:

50.

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 173 (185,657)

Abstract:

51.

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 168 (190,398)

Citation 6

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 140 (221,591)

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 132 (232,197)

Abstract:

54.

An Evolutionary Finance Model with a Risk-Free Asset

Swiss Finance Institute Research Paper No. 17-26

Number of pages: 25 Posted: 28 Sep 2017 Last Revised: 18 May 2020

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 114 (258,895)

Abstract:

55.

An Evolutionary Finance Model with Short Selling and Endogenous Asset Supply

Swiss Finance Institute Research Paper No. 17-28

Number of pages: 29 Posted: 13 Oct 2017 Last Revised: 18 May 2020

Rabah Amir, Sergei Belkov, Igor V. Evstigneev and Thorsten Hens

University of Iowa - Henry B. Tippie College of Business - Department of Economics, University of Manchester, University of Manchester - Economics, School of Social Sciences and University of Zurich - Department of Banking and Finance

Downloads 110 (265,471)

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 107 (270,796)

Abstract:

57.

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 106 (272,572)

Citation 2

Abstract:

58.

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 106 (272,572)

Citation 2

Abstract:

59.

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 93 (297,292)

Citation 33

Abstract:

60.

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 85 (314,445)

Citation 19

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 78 (330,967)

Citation 9

Abstract:

62.

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 76 (336,061)

Citation 5

Abstract:

63.

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 35

Abstract:

64.

Behavioral Equilibrium and Evolutionary Dynamics in Asset Markets

Swiss Finance Institute Research Paper No. 20-19

Number of pages: 40 Posted: 09 Apr 2020

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

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

Downloads 58 (387,344)

Abstract:

65.

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 32 (488,846)

Abstract:

66.

Behavioral Heterogeneity in the CAPM with an Application to the Low-Beta Anomaly

Number of pages: 9 Posted: 11 Dec 2019

Thorsten Hens and Fatemeh Naebi

University of Zurich - Department of Banking and Finance and Allameh Tabataba'i University, Department of Theoretical Economics

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67.

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

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68.

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

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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

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70.

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

Professor of Financial Economics

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Scholarly Papers (70)

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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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