Weak Insider Trading and Behavioral Finance
نویسندگان
چکیده
منابع مشابه
Weak Insider Trading and Behavioral Finance
In this paper, we study the optimal portfolio selection problem of weakly informed traders in the sense of Baudoin [1]. Instead of considering only expected utility maximizers, we also take into consideration different preference paradigms. In particular, we analyze a representative agent who follows the tenets of cumulative prospect theory as developed by Kahneman and Tversky [15], together wi...
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This paper assesses whether the enforcement of insider trading laws increases or decreases patent-based measures of technological innovation. Based on about 75,000 industry-countryyear observations across 94 economies from 1976 to 2006, we find evidence consistent with the view that enforcing insider trading laws spurs innovation—as measured by patent intensity, scope, impact, generality, and o...
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ژورنال
عنوان ژورنال: SIAM Journal on Financial Mathematics
سال: 2012
ISSN: 1945-497X
DOI: 10.1137/110824693