Within the framework of Chiarella et al (2009b) on MV analysis, this paper examines the impact of the heterogeneity and bounded rationality on the market equilibrium and MV efficiency of the optimal portfolios. The ...

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In recent decades, a considerable stream of research, following the complexity approach (Rosser, 2004), has developed a series of models that import concepts and tools from hard sciences to economics. They represent an ...

In this paper we illustrate the benefits of forging a better alliance among behavioral, economic, and statistical approaches to modeling consumer choice behavior. We focus on the problems that arise when building descriptive ...

This paper challenges whether a universal corporate governance system is practical, necessary or desirable. The increasingly recognized premium for governance is considered in the context of a globalizing economy. The ...

The first major effect of the US subprime mortgage market was relt in Australia around August 2007 when the Australian mortgage lender RAMS announced that it was unable to sell $6 billion' of its securitized debt in the ...

It is common in the academic literature to characterize China's 'reform and opening' (gaige kaifang) since 1978 in terms of transition of various kinds. Politically, change is often described as a transition from totalitarianism ...