Zobrazeno 1 - 10
of 15
pro vyhledávání: '"Yaron Levi"'
Autor:
Yaron Levi, Ivo Welch
Publikováno v:
The Review of Financial Studies. 33:2772-2795
Our paper explores whether a symmetric plain or an asymmetric down-beta is a better hedging measure (Roy 1952; Markowitz 1959). Unlike Ang, Chen, and Xing (2006) and Lettau, Maggiori, and Weber (2014), we find that the prevailing plain market beta is
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7757341c530afbaf96ecffc1339373b9
https://doi.org/10.1093/rfs/hhz108
https://doi.org/10.1093/rfs/hhz108
Autor:
Yaron Levi
Publikováno v:
SSRN Electronic Journal.
In a randomized field experiment, I test if the way in which information is presented influences consumer behavior. Users of an online account aggregation app received a personalized index representing their net worth as a lifetime monthly cash flow.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::24006bd5b2763edd57a5583e6f2bfb41
https://doi.org/10.2139/ssrn.3886082
https://doi.org/10.2139/ssrn.3886082
Using high-frequency spending data, we show that household consumption displays excess sensitivity to salient macro-economic news, even when the news is not real. When the announced local unemployment rate reaches a 12-month maximum, local news cover
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::036b138753c37f76a39a545ee9655b9c
https://doi.org/10.3386/w27010
https://doi.org/10.3386/w27010
Autor:
Shlomo Benartzi, Yaron Levi
Publikováno v:
SSRN Electronic Journal.
We use transaction data from an account aggregation company to study the impact of access to personal financial information from mobile devices on consumer behavior. We study consumers who installed the mobile app after using the app on a PC for seve
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4547d6c24bd3adef508159aba7ca28c0
https://doi.org/10.2139/ssrn.3557689
https://doi.org/10.2139/ssrn.3557689
Autor:
Ivo Welch, Yaron Levi
Publikováno v:
Journal of Financial and Quantitative Analysis. 52:427-463
Cost-of-capital assessments with factor models require quantitative forward-looking estimates. We recommend estimating Vasicek-shrunk betas with 1–4 years of daily stock returns and then shrinking betas asecondtime (and more for smaller stocks and
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2a40f9ad7a5e5e6f9dc3545a6f6b44ab
https://doi.org/10.1017/s0022109017000114
https://doi.org/10.1017/s0022109017000114
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::1e2681d8e4db0e8836269311be22a2aa
https://doi.org/10.2139/ssrn.3471565
https://doi.org/10.2139/ssrn.3471565
Publikováno v:
Journal of Financial Economics, vol 133, iss 1
Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a phenomenon known as decision fatigue. We study whether decision fatigue affects analysts’ judgments. Analysts cover multiple firms and
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2a1c9b4b8ace94dc4d372001d2fc8ebb
https://escholarship.org/uc/item/4528g7p3
https://escholarship.org/uc/item/4528g7p3
Publikováno v:
SSRN Electronic Journal.
Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a phenomenon known as decision fatigue. We study whether decision fatigue affects analysts’ judgments. Analysts cover multiple firms and
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::580d64b9320568069cf0455a4dd6ae5f
https://doi.org/10.2139/ssrn.3005757
https://doi.org/10.2139/ssrn.3005757
Autor:
Yaron Levi, Ivo Welch
Publikováno v:
SSRN Electronic Journal.
The plain market-beta was a good predictor of stock returns not only during bull and ordinary markets, but also during bear markets and crashes. Thus, it was indeed a good measure of the hedge against market risk. This plain beta also predicted the s
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::857b5e335ba6c14ebdb82870c410a162
https://doi.org/10.2139/ssrn.3000824
https://doi.org/10.2139/ssrn.3000824