We show that in a portfolio choice problem, agents overestimate the return on their investment and exhibit a preference for skewness. In general equilibrium, agents' prior beliefs are endogenously ...
In its third-quarter 2024 trading update, narrow-moat EQT reported a 4% yearly increase in fee-generating assets under management to EUR 134 billion. Compared with the second quarter of 2024, FAUM ...
The rise in the number of democracies was expected to bring better leaders to power and improve decision making and economic performance. Again, expectations proved overoptimistic. Democracy is not a ...
Even The Economist, claiming to detect "a flicker of light" in Africa amid the gloom, admits that if the sub-Saharan countries did grow at the (overoptimistic) rates recently predicted by the ...
Just wait until I’m re-elected, promised Trump. Many took his bold assertion as a blank cheque for Israel to do what it wants against its regional enemies – so now the White House race is won, Mark Al ...