Thesiss

10 works - Thesiss.

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This dissertation consists of three chapters on individual decision making in asset markets and subjective assessment of health status. The first chapter studies price convergence in asset markets with indefinite duration induced by existence of bankruptcy risk. By introducing i…

The thesis studies different forms of heterogeneity and their effect on financial markets. The first chapter deals with a conflict that is typically neglected in the corporate finance literature. Shareholders want to maximize their portfolio value and not any specific firm value…