Are rich people smarter?

Article Abstract:

Under general conditions, a homogeneous investment talent leads to the Pareto distribution, and a mild degree of differential investment talent leads to non-Pareto wealth distribution. However, the findings suggest that chance is the main factor in the process of wealth accumulation by financial investment.

Distribution (Economics), Rich, Rich people, Wealth, Investment management, Distribution of wealth

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The effect of decision weights in bargaining problems

Article Abstract:

As per the rank-dependent utility theory, both the utility function and the probability weighting function influence the risk attitude of the decision maker. This leads to two forms of risk aversion which are, utility risk aversion and probabilistic risk aversion.

Asset & Risk Management, Methods, Risk management, Deals, Deals (Business)

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Intrinsic heterogeneity in expectation formation

Article Abstract:

A study is conducted to develop a stochastic econometric model called misspecification equilibrium using dynamic macroeconomic concepts.

Usage, Design and construction, Stochastic processes, Equilibrium (Economics), Econometric models

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