Behavioural economics and behavioural finance are rapidly expanding fields that are
continually growing in prominence. While orthodox economic models are built upon …

Bridge infrastructure managers are facing multiple challenges to improve the availability and
serviceability of ageing infrastructure, while the maintenance planning is constrained by …

Springer Finance is a programme of books addressing students, academics and
practitioners working on increasingly technical approaches to the analysis of financial …

In the past few decades the financial industry has experienced several economic cycles.
There were periods of rapid economic growth interspersed with periods of economic …

We investigate whether a historical pension concept, the tontine, yields enough innovative
potential to extend and improve the prevailing privately funded pension solutions in a …

Rigorous documentation and inspection methods are used by financial institutions to
manage the risk due to information asymmetry and moral hazard. Nevertheless, the intent of …

Federal Reserve research had been unable to find economies of scale in banking beyond a
modest size […] citing such evidence, I noted that" megabanks being formed by growth and …

Abstract Expected Utility Theory (EUT) and Cumulative Prospect Theory (CPT) face
problems explaining preferences of long‐term investors. Previous research motivates that …

The pricing kernel is an important link between economics and finance. In standard models
of financial economics, it is proportional to the aggregate marginal utility in the economy. We …

Lay investors construct portfolios that are often not efficient and fail to take the correlation of
assets into account. The present work examines whether providing people with a learning …