Author Page for Thorsten Hens

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

Downloads 4,034 (5,572)

Citation 10

Abstract:

2.

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 3,665 (6,566)

Citation 45

Abstract:

3.

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 2,902 (9,470)

Citation 3

Abstract:

4.

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 The University of Manchester - Department of Economics

Downloads 1,938 (18,130)

Citation 8

Abstract:

5.

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 1,672 (22,784)

Citation 2

Abstract:

6.

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 The University of Manchester - Department of Economics

Downloads 1,562 (25,262)

Citation 5

Abstract:

7.

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 1,532 (26,031)

Citation 2

Abstract:

8.

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 1,499 (26,869)

Citation 3

Abstract:

9.

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 1,458 (28,033)

Citation 24

Abstract:

10.

Evolutionary Finance for Multi-Asset Investors

Swiss Finance Institute Research Paper No. 22-05, 2022

Number of pages: 17 Posted: 10 Jan 2022

Michael Schnetzer and Thorsten Hens

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

Downloads 1,136 (40,362)

Abstract:

11.

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 1,089 (42,963)

Citation 40

Abstract:

12.

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 956 (51,584)

Citation 1

Abstract:

13.

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 836 (61,979)

Citation 3

Abstract:

14.

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 Finance, University of Zurich - Department of Banking and Finance and Radboud University, Institute for Management Research

Downloads 811 (64,502)

Citation 11

Abstract:

15.

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 809 (64,740)

Citation 37

Abstract:

16.

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 779 (68,085)

Citation 35

Abstract:

17.

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 Schindler and Thorsten Hens

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

Downloads 731 (74,044)

Citation 1

Abstract:

18.

Personality Traits and Investment Styles

Swiss Finance Institute Research Paper No. 22-16

Number of pages: 30 Posted: 09 Feb 2022 Last Revised: 13 Jan 2023

Thorsten Hens and Mei Ding-Hirschfeld

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

Downloads 729 (74,299)

Abstract:

19.

International Evidence on the Equity Premium Puzzle and Time Discounting

Downloads 724 (75,004)

Citation 3

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 498 (118,570)

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 226 (281,352)

Citation 3

Abstract:

20.

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: 13 Jan 2021

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 698 (78,487)

Citation 15

Abstract:

21.

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 697 (78,617)

Abstract:

22.

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 The University of Manchester - Department of Economics

Downloads 666 (83,316)

Abstract:

23.

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 658 (84,654)

Citation 11

Abstract:

24.

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

Downloads 625 (90,401)

Citation 41

Abstract:

25.

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 618 (91,876)

Citation 3

Abstract:

26.

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

Journal of Banking and Finance, Volume 98, January 2019, Pages 61-79, Swiss Finance Institute Research Paper No. 17-43

Number of pages: 51 Posted: 09 May 2015 Last Revised: 23 Aug 2021

Meike Bradbury, Thorsten Hens and Stefan Zeisberger

University of Zurich - Department Finance, University of Zurich - Department of Banking and Finance and Radboud University, Institute for Management Research

Downloads 613 (92,643)

Citation 1

Abstract:

27.

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 594 (96,447)

Citation 6

Abstract:

28.

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 594 (96,447)

Citation 3

Abstract:

29.

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, The University of Manchester - Department of Economics and Universitat Zurich

Downloads 567 (102,330)

Citation 38

Abstract:

30.

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

Downloads 537 (109,475)

Citation 34

Abstract:

31.

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 514 (115,557)

Citation 7

Abstract:

32.

How good are LLMs in risk profiling?

Downloads 483 (124,555)

2

How good are LLMs in risk profiling?

Swiss Finance Institute Research Paper No. 24-30

Number of pages: 21 Posted: 30 Apr 2024

Thorsten Hens and Trine Nordlie

University of Zurich - Department of Banking and Finance and NHH Norwegian School of Economics

Downloads 425 (143,418)

Abstract:

How Good are Llms in Risk Profiling?

Number of pages: 20 Posted: 25 Aug 2024

Thorsten Hens and Trine Nordlie

University of Zurich - Department of Banking and Finance and NHH Norwegian School of Economics

Downloads 58 (771,911)

Abstract:

33.

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 The University of Manchester - Department of Economics

Downloads 470 (128,628)

Citation 37

Abstract:

34.

Green Innovations - Do patents pay off for the environment or for the investors?

Swiss Finance Institute Research Paper No. 24-18

Number of pages: 67 Posted: 28 Feb 2024 Last Revised: 13 Jan 2025

Malte Schlosser, Ester Trutwin and Thorsten Hens

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

Downloads 458 (132,725)

Citation 1

Abstract:

35.

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 453 (134,504)

Citation 1

Abstract:

36.

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 452 (134,859)

Citation 15

Abstract:

37.

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 The University of Manchester

Downloads 451 (135,235)

Citation 4

Abstract:

38.

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 438 (140,408)

Citation 3

Abstract:

39.

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 The University of Manchester - Department of Economics

Downloads 410 (151,161)

Citation 5

Abstract:

40.

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

Downloads 406 (152,847)

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, The University of Manchester - Department of Economics and Bielefeld University - Center for Mathematical Economics

Downloads 313 (201,579)

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, The University of Manchester - Department of Economics and Bielefeld University - Center for Mathematical Economics

Downloads 93 (590,958)

Citation 1

Abstract:

41.

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

ZHAW Zurich University of Applied Sciences, University of Zurich - Department of Banking and Finance and University of Zurich - Department Finance

Downloads 398 (156,295)

Citation 2

Abstract:

42.

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 The University of Manchester - Department of Economics

Downloads 387 (161,308)

Citation 1

Abstract:

43.

Modelling Sustainable Investing in the CAPM

Swiss Finance Institute Research Paper No. 23-56

Number of pages: 41 Posted: 29 Jun 2023 Last Revised: 22 Apr 2024

Thorsten Hens and Ester Trutwin

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

Downloads 347 (181,943)

Citation 2

Abstract:

44.

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 The University of Manchester - Department of Economics

Downloads 346 (182,506)

Citation 2

Abstract:

45.

Strategic Complementarity and Substitutability of Investment Strategies

Swiss Finance Institute Research Paper No. 22-04

Number of pages: 53 Posted: 10 Jan 2022 Last Revised: 18 Jul 2023

Nikolay Doskov, Thorsten Hens and Klaus Reiner Schenk-Hoppé

LGT Capital Partners, University of Zurich - Department of Banking and Finance and The University of Manchester - Department of Economics

Downloads 341 (185,480)

Abstract:

46.

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 The University of Manchester - Department of Economics

Downloads 323 (196,451)

Citation 1

Abstract:

47.

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

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

Downloads 322 (197,129)

Abstract:

48.

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 287 (222,785)

Abstract:

49.

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 268 (238,984)

Citation 1

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

ZHAW Zurich University of Applied Sciences and University of Zurich - Department of Banking and Finance

Downloads 268 (238,984)

Abstract:

51.

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

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

Downloads 261 (245,484)

Abstract:

52.

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 The University of Manchester - Department of Economics

Downloads 260 (246,421)

Citation 4

Abstract:

53.

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 254 (252,341)

Citation 2

Abstract:

54.

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, The University of Manchester - Department of Economics and Bielefeld University - Center for Mathematical Economics

Downloads 253 (253,356)

Citation 3

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

Downloads 252 (254,366)

Citation 2

Abstract:

56.

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 The University of Manchester - Department of Economics

Downloads 250 (256,387)

Abstract:

57.

Sustainable Investing in Imperfect Markets

Swiss Finance Institute Research Paper No. 23-83

Number of pages: 52 Posted: 21 Sep 2023

Thorsten Hens and Ester Trutwin

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

Downloads 239 (267,901)

Abstract:

58.

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

Downloads 237 (270,109)

Citation 11

Abstract:

59.

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, Catholic University of Lille - IESEG School of Management and WHU - Otto Beisheim School of Management

Downloads 230 (278,087)

Citation 5

Abstract:

60.

Behavioral Equilibrium and Evolutionary Dynamics in Asset Markets

Swiss Finance Institute Research Paper No. 20-19, Forthcoming, Journal of Mathematical Economics

Number of pages: 41 Posted: 09 Apr 2020 Last Revised: 14 Sep 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, The University of Manchester - Department of Economics and The University of Manchester - Department of Economics

Downloads 227 (281,603)

Citation 2

Abstract:

61.

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

ZHAW Zurich University of Applied Sciences and University of Zurich - Department of Banking and Finance

Downloads 227 (281,603)

Citation 5

Abstract:

62.

Behavioral Finance through the Lens of Evolution: "Survival of the Fittest" for Portfolio Rules

Swiss Finance Institute Research Paper No. 23-72

Number of pages: 24 Posted: 01 Sep 2023 Last Revised: 05 Sep 2023

Igor V. Evstigneev, Thorsten Hens, Mohammad Javad Vanaei and Mikhail Zhitlukhin

University of Manchester - Economics, School of Social Sciences, University of Zurich - Department of Banking and Finance, The University of Manchester and Steklov Mathematical Institute

Downloads 224 (285,285)

Citation 1

Abstract:

63.

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 224 (285,285)

Abstract:

64.

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 220 (290,166)

Citation 6

Abstract:

65.

Experimental Research on Retirement Decision-Making: Evidence from Reproductions

Downloads 176 (356,643)

2

Experimental Research on Retirement Decision-Making: Evidence from Reproductions

Swiss Finance Institute Research Paper No. 22-72

Number of pages: 53 Posted: 13 Sep 2022

Kremena Bachmann, Andre Lot, Xiaogeng Xu and Thorsten Hens

ZHAW Zurich University of Applied Sciences, The University of Sydney - Discipline of Finance, Hanken School of Economics and University of Zurich - Department of Banking and Finance

Downloads 117 (500,034)

Abstract:

Experimental Research on Retirement Decision-Making: Evidence from Replications

Number of pages: 66 Posted: 22 Sep 2022 Last Revised: 16 Jan 2024

Kremena Bachmann, Andre Lot, Xiaogeng Xu and Thorsten Hens

ZHAW Zurich University of Applied Sciences, The University of Sydney - Discipline of Finance, Hanken School of Economics and University of Zurich - Department of Banking and Finance

Downloads 59 (765,330)

Abstract:

66.

Behavioral Heterogeneity in the CAPM with Evolutionary Dynamics

Swiss Finance Institute Research Paper No. 22-06, 2022

Number of pages: 23 Posted: 10 Jan 2022 Last Revised: 19 Aug 2022

Thorsten Hens and Fatemeh Naebi

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

Downloads 169 (369,574)

Abstract:

67.

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, The University of Manchester - Department of Economics and University of Zurich

Downloads 163 (381,290)

Citation 2

Abstract:

68.

Universal Time Preference

Swiss Finance Institute Research Paper No. 21-53

Number of pages: 25 Posted: 05 Jan 2021 Last Revised: 10 Aug 2021

Marc Oliver Rieger, Thorsten Hens and Mei Wang

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

Downloads 161 (385,237)

Citation 5

Abstract:

69.

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 150

Citation 36

Abstract:

70.

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, Tilburg University and Maastricht University - Department of Economics

Downloads 147 (415,705)

Abstract:

71.

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 145 (420,191)

Citation 2

Abstract:

72.

Evolutionary Finance: A Model With Endogenous Asset Payoffs

Swiss Finance Institute Research Paper No. 22-96

Number of pages: 36 Posted: 22 Dec 2022 Last Revised: 12 May 2023

Igor V. Evstigneev, Thorsten Hens and Mohammad Javad Vanaei

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

Downloads 121 (484,745)

Abstract:

73.

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

ZHAW Zurich University of Applied Sciences and University of Zurich - Department of Banking and Finance

Downloads 120 (487,835)

Abstract:

74.

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 120 (487,835)

Citation 33

Abstract:

75.

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 118 (493,978)

Citation 10

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76.

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 117 (497,173)

Citation 20

Abstract:

77.

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

Downloads 111 (517,222)

Abstract:

78.

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 99 (561,573)

Citation 5

Abstract:

79.

Evolution in Pecunia

Swiss Finance Institute Research Paper 20-44

Number of pages: 32 Posted: 05 Jun 2020 Last Revised: 14 Nov 2022

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

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

Downloads 43 (865,246)

Abstract:

80.

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

ZHAW Zurich University of Applied Sciences and University of Zurich - Department of Banking and Finance

Abstract:

81.

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:

82.

On Choquet Prices in a Gei-Model with Intermediation Costs

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:

83.

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

University of Essex - 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 (83)

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