Thorsten Hens

Limits to Arbitrage When Market Participation is Restricted

Thorsten Hens University of Zurich – Department of Banking and Finance; Norwegian School of Economics and Business Administration (NHH); Swiss...

Thorsten Hens

Behavioural Finance and Investment Advice

Kremena Bachmann University of Zurich – Department of Banking and Finance; Zurich University of Applied Sciences Thorsten Hens University of...

Thorsten Hens

Cumulative prospect theory and mean–variance analysis

Abstracts We propose a numerical optimization approach that can be used to solve portfolio selection problems including several assets and...

Thorsten Hens

An Evolutionary Portfolio Theory

The purpose of this paper is to suggest a new theory of portfolio selection which is based on evolutionary reasoning in simple repeated market situations. According to this new point...

2019, Article

How pension payments are making Swiss housing unaffordable

Under pressure to invest, Swiss pension funds are ploughing money into real estate, considered a safe and profitable option. As this drives up housing prices, however, desperate residents are fighting...

2011, Article

A world of biases and anomalies

A world of biases and anomalies Prof. Dr. Thorsten Hens, Director Swiss Banking Institute, University of Zurich The times when...