We study asset prices in an economy where investors derive direct utility not. Our model is influenced by prospect theory and by experimental evidence on how.We study asset prices in an economy where investors derive direct utility not. Of our model is influenced by prospect theory and by experimental evidence on.PROSPECT THEORY AND ASSET PRICES Authors: N. The point of this note is to explain ...

Professional investors today speak incessantly about beta, still treating beta as the cornerstone of investment portfolios that it should be, yet using the term in most instances in a manner that is devoid of the meaning and the insight that justifies that foundational treatment. The term beta is routinely treated as synonymous with the term " asset class, " and by treating it this way, the ter...

When an asset is completely liquid, an investor can realize his desirable strategy. But when the asset is not sufficiently liquid, the investor cannot trade the asset continuously and his strategy is restricted. He has to consider the risk of the failure of the trade. In this paper a risky asset is traded at the random times and an investor has a power utility function. In this situation we sol...

When the asset is completely liquid, the investor can realize his desirable strategy. But when the asset is not sufficiently liquid, the investor cannot trade the asset continuously and the strategy is restricted. He has to consider the risk of the failure of the trade. In this paper the risky asset is traded at the random times and the investor has the power utility function. In this situation...

Many institutional investors periodically adopt an asset allocation policy that specifies target percentages of value for each of several asset classes. Typically a policy is set by a fund’s board after evaluating the implications of a set of alternative policies. The staff is then instructed to implement the policy, usually by maintaining the actual allocation to each asset class within a spec...

Widely-dispersed assets such as buildings, equipment, roads and bridges present local governments as well as big organizations with a number of asset management challenges. Recently financial sustainability and competitiveness have put more pressures on owner/managers to minimize asset total cost of ownership and streamline their asset management operations. In general asset management operatio...

Digital asset management is one of promising applications of blockchain technology. Blockchains could provide principal disintermediation between digital asset issuers, application developers and consumers and decouple tasks related to asset management, such as issuance, transaction processing, securing users’ funds and establishing users’ identities. This paper outlines basic components of blo...

A mobile asset with a sensor node in a mobile asset tracking system moves around a monitoring area, leaves it, and then returns to the region repeatedly. The system monitors the in/out status of the mobile asset. Due to the continuous movement of the mobile asset, the system may generate an error for the in/out status of the mobile asset. When the mobile asset is inside the region, the system m...

Manufacturing and production environment is subjected to radical change. Impetus to this change has been fuelled by intensely competitive liberalised markets; with technological advances promising enhanced services and improved asset infrastructure and plant performance. This emergent re-organisation has a direct influence on economic incentives associated with the design and management of asse...