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

Downloads 3,480 (4,592)

Citation 3

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 3,394 (4,800)

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 2,690 (7,022)

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 University of Manchester - Department of Economics

Downloads 1,806 (13,339)

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 1,511 (17,585)

Citation 2

Abstract:

6.

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 1,457 (18,544)

Citation 2

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 1,435 (18,998)

Citation 6

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 1,407 (19,556)

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 1,066 (29,429)

Citation 20

Abstract:

10.

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 984 (32,999)

Citation 40

Abstract:

11.

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 903 (37,242)

Citation 1

Abstract:

12.

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 805 (43,605)

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 793 (44,469)

Citation 2

Abstract:

14.

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

Downloads 746 ( 48,267)

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 745 (47,692)

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 1 (934,443)

Citation 6

Abstract:

15.

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

Downloads 682 (54,371)

Citation 1

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 677 (54,858)

Citation 11

Abstract:

17.

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 661 (56,553)

Abstract:

18.

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 654 (57,308)

Citation 10

Abstract:

19.

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 653 (57,420)

Citation 27

Abstract:

20.

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 620 (61,374)

Citation 44

Abstract:

21.

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 610 (62,684)

Citation 11

Abstract:

22.

International Evidence on the Equity Premium Puzzle and Time Discounting

Downloads 576 ( 67,411)

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 419 (98,095)

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 157 (261,502)

Citation 3

Abstract:

23.

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 576 (67,411)

Citation 3

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 559 (69,970)

Abstract:

25.

Market Selection of Financial Trading Strategies: Global Stability

Downloads 550 ( 71,451)

Citation 55

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 531 (73,838)

Citation 34

Abstract:

Market Selection of Financial Trading Strategies: Global Stability

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 19 (735,149)

Citation 2

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

Downloads 549 (71,603)

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 543 (72,558)

Citation 4

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 527 (75,343)

Citation 2

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, University of Manchester - Department of Economics and Universitat Zurich

Downloads 509 (78,608)

Citation 38

Abstract:

30.

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 463 (88,182)

Citation 37

Abstract:

31.

Personality Traits and Investment Styles

Swiss Finance Institute Research Paper No. 22-16

Number of pages: 30 Posted: 09 Feb 2022

Thorsten Hens and Mei Ding-Hirschfeld

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

Downloads 449 (91,353)

Abstract:

32.

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 425 (97,382)

Citation 1

Abstract:

33.

Cumulative Prospect Theory and Mean Variance Analysis: A Rigorous Comparison

Downloads 402 (103,813)

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 400 (103,578)

Citation 2

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 2 (917,750)

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Abstract:

34.

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 395 (105,929)

Citation 15

Abstract:

35.

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 390 (107,487)

Citation 4

Abstract:

36.

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

Downloads 384 (109,789)

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 309 (137,851)

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 75 (440,089)

Citation 1

Abstract:

37.

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 353 (120,266)

Citation 5

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 352 (120,632)

Citation 3

Abstract:

39.

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

Downloads 347 (122,503)

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 335 (126,593)

Citation 1

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 12 (801,380)

Abstract:

40.

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 336 (126,879)

Citation 2

Abstract:

41.

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 315 (135,715)

Citation 2

Abstract:

42.

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 269 (159,769)

Abstract:

43.

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 242 (177,244)

Abstract:

44.

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 241 (178,021)

Abstract:

45.

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 232 (184,544)

Citation 1

Abstract:

46.

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 223 (191,591)

Citation 2

Abstract:

47.

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 218 (195,854)

Citation 4

Abstract:

48.

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 210 (202,730)

Citation 2

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 208 (204,591)

Abstract:

50.

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 207 (205,492)

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

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

Downloads 201 (211,065)

Abstract:

52.

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 193 (218,878)

Citation 2

Abstract:

53.

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 192 (219,886)

Citation 5

Abstract:

54.

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 192 (219,886)

Citation 11

Abstract:

55.

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 187 (224,962)

Citation 6

Abstract:

56.

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 183 (229,242)

Abstract:

57.

Strategic Complementarity and Substitutability of Investment Strategies

Swiss Finance Institute Research Paper No. 22-04, 2022

Number of pages: 52 Posted: 10 Jan 2022

Nikolay Doskov, Thorsten Hens and Klaus Reiner Schenk-Hoppé

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

Downloads 182 (230,344)

Abstract:

58.

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 163 (252,864)

Citation 2

Abstract:

59.

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

Downloads 160 (256,891)

Abstract:

60.

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 116 (328,583)

Citation 2

Abstract:

61.

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 110 (340,962)

Abstract:

62.

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 107 (347,334)

Citation 2

Abstract:

63.

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 105 (351,823)

Citation 1

Abstract:

64.

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 95 (375,229)

Citation 33

Abstract:

65.

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 89 (390,752)

Citation 20

Abstract:

66.

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 83 (407,494)

Citation 10

Abstract:

67.

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 80 (416,313)

Citation 5

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68.

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 75 (431,745)

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 74

Citation 36

Abstract:

70.

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 57 (496,037)

Abstract:

71.

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 44 (553,658)

Abstract:

72.

Evolution in Pecunia

Swiss Finance Institute Research Paper 20-44

Posted: 05 Jun 2020 Last Revised: 13 Jan 2021

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

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73.

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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74.

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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75.

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

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76.

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 (76)

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

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