Thorsten Hens

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...