Two behavioral concepts, loss aversion and mental accounting, have been combined to
provide a theoretical explanation of the equity premium puzzle. Recent experimental evidence …

Previous empirical studies of information cascades use either naturally occurring data or
laboratory experiments. We combine attractive elements from each of these lines of research by …

Amidst a sharp rise in commodity investing, many have asked whether commodities nowadays
move in sync with traditional financial assets. Using daily, weekly and monthly data, we …

Crude oil, heating oil, and unleaded gasoline futures contracts are simultaneously analysed
for their effectiveness in reducing price volatility for an energy trader. A conceptual model is …

… Of that total number, 134.26 million tonnes (51.9% of the total) was shipped out of the US
Gulf (the vast majority of which originated via barges along the Mississippi River) on 7187 …

This study examines the effect of the recent radical agricultural liberalization policy, ie the
1996 FAIR Act, on agricultural commodity price volatility using Generalized Autoregressive …

Commodity and freight futures contracts are analyzed for their effectiveness in reducing
uncertainty for international traders. A theoretical model is developed for a trader exposed to …

This study tests causal hypotheses emanating from theories of futures markets by utilizing
methods appropriate for disproving causal relationships with observational data. The hedging …

We compare behavior across students and professional traders from the Chicago Board of
Trade in a classic Allais paradox experiment. Our experiment tests whether independence, a …

The relationship between freight cash and futures prices is investigated using cointegration
econometrics. Results illustrate that the BIFFEX futures market is unbiased, and hence …