Blar i NHH Brage på forfatter "Hens, Thorsten"
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Soft landing of a stock market bubble : an experimental study
Becker, Ralf; Fischbacher, Urs; Hens, Thorsten (Discussion paper, Working paper, 2003-10)The paper investigates the effect of interest policy on price bubbles, trading behavior and portfolio choice in experimental stock markets. A series of experiments has 8 participants trade an asset over 15 periods. ... -
Sunspot equilibria and the transfer paradox
Hens, Thorsten; Pilgrim, Beate (Discussion paper, Working paper, 2004-04)We show that for international economies with two countries, in which agents have additively separable utility functions, the existence of sunspot equilibria is equivalent to the occurrence of the transfer paradox. This ... -
Two paradigms and Nobel prizes in economics : a contradiction or coexistence?
Levy, Haim; De Giorgi, Enrico; Hens, Thorsten (Discussion paper, Working paper, 2003-06)Markowitz and Sharpe won the Nobel Prize in Economics more than a decade ago for the development of Mean-Variance analysis and the Capital Asset Pricing Model (CAPM). In the year 2002, Kahneman won the Nobel Prize in ... -
Why does the Allais paradox occur also among business students?
Firsova, Julija (Master thesis, 2017)The reasons for people making certain decisions has always been a question of interest among researchers. This paper presents a broad study in the field of Behavioral Finance on the topic of the Theory of Rational Choice ...