This paper offers an alternative method for estimating expected returns. The proposed reward beta approach performs well empirically and is based on asset pricing theory. The empirical section compares this approach with the CAPM and the Fama-French three-factor model. In out-of-sample testing, both the CAPM and the three-factor model are rejected. In contrast, the reward beta approach easily p...

Prior research has shown that the ratio between resting-state theta (4-7 Hz)-beta (13-30 Hz) oscillations in the electroencephalogram (EEG) is associated with reward- and punishment-related feedback learning and risky decision making. However, it remains unclear whether the theta/beta EEG ratio is also an electrophysiological index for poorer behavioral adaptation when reward and punishment con...

We investigated how rapidly the reward-predicting properties of visual cues are signaled in the human brain and the extent these reward prediction signals are contextually modifiable. In a magnetoencephalography study, we presented participants with fractal visual cues that predicted monetary rewards with different probabilities. These cues were presented in the temporal context of a preceding ...

Rats can learn to forage among olfactory cues to associate one with reward in only 3 massed trials. The learning is achieved in less than 10 min and results in a memory trace lasting at least 1wk week. To study the neuro-anatomical circuits involved in the memory formation we used immunoreactivity to the immediate early gene c-fos as a marker for neuronal activity induced by the learning. The p...

The monetary incentive delay task was used to characterize reward anticipation and delivery with concurrently acquired evoked magnetic fields, EEG potentials and EEG/MEG oscillatory responses, obtaining a precise portrayal of their spatiotemporal evolution. In the anticipation phase, differential activity was most prominent over midline electrodes and parieto-occipital sensors. Differences betw...

Effort expenditure has an aversive connotation and it can lower hedonic feelings. In this study, we explored the electrophysiological correlates of the complex interplay of reward processing with cost anticipation. To this aim, healthy adult participants performed a gambling task where the outcome (monetary reward vs. no-reward) and its expectancy were manipulated on a trial by trial basis whil...

Rats can learn to forage among olfactory cues to associate one with reward in only 3 massed trials. The learning is achieved in less than 10 min and results in a memory trace lasting at least 1wk week. To study the neuro-anatomical circuits involved in the memory formation we used immunoreactivity to the immediate early gene c-fos as a marker for neuronal activity induced by the learning. The p...

Reward system can be considered the center of our body-mind equilibrium: we have medial reward, leading life, reproduction, needs, and willings; if this is not adequatly satisfied, dopamine is converted by dopa-beta-hydroxilase into catecolamines, and habenula regulates the balance so that lateral reward risk to become prevalent, with activation of HPA axis (hypothalamus-pituitary gland-adrenal...

This study aims to compare the estimated yield between CAPM model and Beta Reward approach in calculating. shares Trade companies, Services, Investments that are incorporated Kompas100 index Indonesia. The Data used is closing price of company's during period from January 2010 December 2019. In this study, there 4 four companies consistent. results showed method has R-squared, RMSE, MAE better ...