"A New Sculpturalism" Exhibit at MOCA
Several USC School of Architecture Faculty Members to have featured work in Exhibit at the Museum of Contemporary Art
June 16-September 16
Several USC School of Architecture Faculty Members to have featured work in Exhibit at the Museum of Contemporary Art
June 16-September 16
USC Fisher Museum of Art
Discover art spanning five centuries at USC Fisher Museum of Art.
Ongoing
Discover art spanning five centuries at USC Fisher Museum of Art.
Ongoing
Keeping Up with the Joneses Preferences: Asset Pricing Considerations
Mathematical Finance Colloquium
Monday, February 4, 2013 : 2:15pm to 3:15pm
University Park Campus
Kaprelian Hall
414
Fernando Zapatero, University of Southern California
Abstract: Behavioral finance is slowly becoming part of mainstream research in finance. However, most of the research so far has focused on documenting empirical facts. The first attempt to formalization was the path-breaking prospect theory. Regrettably, most of the subsequent theoretical work has focused on prospect theory and versions of it, like rank-dependent utility. We will discuss a different set of results loosely referred to as "Keeping Up with the Joneses Preferences" or relative wealth concerns. We will document some of the empirical findings of this area of research in dire need of good theoretical models.
Abstract: Behavioral finance is slowly becoming part of mainstream research in finance. However, most of the research so far has focused on documenting empirical facts. The first attempt to formalization was the path-breaking prospect theory. Regrettably, most of the subsequent theoretical work has focused on prospect theory and versions of it, like rank-dependent utility. We will discuss a different set of results loosely referred to as "Keeping Up with the Joneses Preferences" or relative wealth concerns. We will document some of the empirical findings of this area of research in dire need of good theoretical models.