We test the reliability of the Cyclically Adjusted PE (CAPE) or Shiller PE as a forecasting and
valuation tool for 35 countries including emerging markets. We find that the Shiller-PE is a …

The current standard process of risk profiling through questionnaires is highly unreliable
and typically explains less than 15% of the variation in risky assets between investors—mostly …

An investor’s risk attitude is a stable characteristic, like a personality trait, but risk-taking
behavior can change based on the investor’s age, recent market events, and life experiences. …

If risk aversion and willingness to take on risk are driven by emotions and we as humans
are bad at correctly identifying them, the finance profession has a serious challenge at hand—…

… In the first half of the present book, Joachim Klement makes … This perspective differentiates
Klement’s book from other IPE … , or globalization, Klement dispenses with lengthy description …

The authors analyze the foundations of trust in business relationships and show the importance
of trust between business partners as the fundamental basis of any sustainable business…

It is common knowledge that economic activity follows cyclical processes of different length
like the business cycle or seasonal patterns throughout a calendar year. These cyclical …

Conventional explanations for the diversity of risk preferences among individual investors
offer only limited insight. Recent research in neuroscience, genetics, and behavioral decision …

Stop-loss strategies are used by many practitioners to limit excessive losses on existing
investments. In practice, however, the value of stop-losses can only be assessed when re-entry …

In a world of increased mobility and globalized business, many families face increasing
complexity in the area of currency risk management. This article describes the sources of …