scholarly journals The Prudent Investor Rule and Trust Asset Allocation: An Empirical Analysis

2010 ◽  
Author(s):  
Robert H. Sitkoff ◽  
Max M. Schanzenbach
Keyword(s):  
Empirical Analysis ◽  
Asset Allocation ◽  
Prudent Investor Rule

scholarly journals Analysis of asset risk and household Financial Asset Allocation structure—Empirical analysis from a nonlinear model

2021 ◽  
Vol 235 ◽  
pp. 01039
Author(s):  
Zhanbing Huang ◽  
Yu Lu
Keyword(s):  
Empirical Analysis ◽  
Asset Allocation ◽  
Financial Literacy ◽  
Family Income ◽  
Mutual Influence ◽  
Probit Model ◽  
Financial Asset ◽  
Household Asset ◽  
Asset Risk ◽  
Internal Relationship

Chinese households now have a good understanding of finance and their asset allocation choices are increasingly skewed towards financial products. At present, most domestic and foreign researches on the structure and choice of household asset allocation mainly analyze the influence of residents’ characteristics or financial literacy on household asset allocation, while few researches on the internal relationship between household risk, asset structure and allocation choice. Based on CHFS data and the theory of asset investment behavior, this paper systematically analyzes and risk assets and family financial asset allocation structure of mutual influence and role, an empirical analysis of the influencing factors of residents in our country family financial asset allocation structure by using Probit model and Tobit model, pay attention to risk assets, family income and other factors, a deeper understanding of family financial asset investment circumstances.

scholarly journals The Prudent Investor Rule and Market Risk: An Empirical Analysis

2017 ◽  
Vol 14 (1) ◽  
pp. 129-168 ◽  
Author(s):  
Max M. Schanzenbach ◽  
Robert H. Sitkoff
Keyword(s):  
Empirical Analysis ◽  
Market Risk ◽  
Prudent Investor Rule

Empirical Analysis of Fiduciary Law

2019 ◽  
pp. 722-743
Author(s):  
Jonathan Klick ◽  
Max M. Schanzenbach
Keyword(s):  
Corporate Governance ◽  
Empirical Evidence ◽  
Empirical Analysis ◽  
Medical Malpractice ◽  
Empirical Studies ◽  
Duty Of Care ◽  
Medical Provider ◽  
Client Relationships ◽  
Prudent Investor Rule ◽  
Patient Relationships

This chapter offers an empirical analysis of fiduciary law, focusing on whether fiduciaries react to changes in fiduciary standards and which fiduciary rules maximize social welfare. Empirical studies of fiduciary law across three areas are discussed: corporate governance, fiduciary investment, and medical malpractice. The chapter considers fiduciary principles in corporate governance by looking at the duties of care and loyalty, citing empirical evidence implying that fiduciary duties in the corporate governance context influence corporate decision-making. It also examines the law of fiduciary investment, drawing on empirical evidence across three key areas: the implementation of the Prudent Investor Rule in private trusts, management of charitable trusts and prudent distributions, and the consequences of potentially conflicted advice to retirement savers. Finally, it explores the duty of care in the context of medical provider-patient relationships and the duty of loyalty in physician-client relationships.

scholarly journals When Uncertainty and Volatility Are Disconnected: Implications for Asset Pricing and Portfolio Performance

2021 ◽  
Vol 2021 (063) ◽  
pp. 1-49
Author(s):  
Yacine Aït-Sahalia ◽  
◽  
Felix Matthys ◽  
Emilio Osambela ◽  
Ronnie Sircar ◽  
...  
Keyword(s):  
Asset Pricing ◽  
Empirical Analysis ◽  
Asset Allocation ◽  
Equity Premium ◽  
Equity Market ◽  
Portfolio Performance ◽  
Market Return ◽  
Risk Free Rate ◽  
Free Rate ◽  
High Uncertainty

We analyze an environment where the uncertainty in the equity market return and its volatility are both stochastic and may be potentially disconnected. We solve a representative investor's optimal asset allocation and derive the resulting conditional equity premium and risk-free rate in equilibrium. Our empirical analysis shows that the equity premium appears to be earned for facing uncertainty, especially high uncertainty that is disconnected from lower volatility, rather than for facing volatility as traditionally assumed. Incorporating the possibility of a disconnect between volatility and uncertainty significantly improves portfolio performance, over and above the performance obtained by conditioning on volatility only.

An Empirical Analysis of the Obtrusiveness of and Participants' Compliance with the Electronically Activated Recorder (EAR)

2007 ◽  
Vol 23 (4) ◽  
pp. 248-257 ◽  
Author(s):  
Matthias R. Mehl ◽  
Shannon E. Holleran
Keyword(s):  
Empirical Analysis ◽  
Sampling Method ◽  
Daily Life ◽  
Assessment Method ◽  
Data Confidentiality ◽  
Short Term ◽  
Naturally Occurring ◽  
Two Samples ◽  
Audio Recorder ◽  
Term Monitoring

Abstract. In this article, the authors provide an empirical analysis of the obtrusiveness of and participants' compliance with a relatively new psychological ambulatory assessment method, called the electronically activated recorder or EAR. The EAR is a modified portable audio-recorder that periodically records snippets of ambient sounds from participants' daily environments. In tracking moment-to-moment ambient sounds, the EAR yields an acoustic log of a person's day as it unfolds. As a naturalistic observation sampling method, it provides an observer's account of daily life and is optimized for the assessment of audible aspects of participants' naturally-occurring social behaviors and interactions. Measures of self-reported and behaviorally-assessed EAR obtrusiveness and compliance were analyzed in two samples. After an initial 2-h period of relative obtrusiveness, participants habituated to wearing the EAR and perceived it as fairly unobtrusive both in a short-term (2 days, N = 96) and a longer-term (10-11 days, N = 11) monitoring. Compliance with the method was high both during the short-term and longer-term monitoring. Somewhat reduced compliance was identified over the weekend; this effect appears to be specific to student populations. Important privacy and data confidentiality considerations around the EAR method are discussed.

Empirical Analysis of Clinical Evaluations on Children Involved in the Child Protection System: The Role of Age and Gender

2000 ◽  
Author(s):  
Erika Felix ◽  
Anjali T. Naik-Polan ◽  
Christine Sloss ◽  
Lashaunda Poindexter ◽  
Karen S. Budd
Keyword(s):  
Empirical Analysis ◽  
Child Protection ◽  
Protection System ◽  
Age And Gender ◽  
Clinical Evaluations ◽  
And Gender
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