Diversification is one of the major components of investment decision-making under risk or
uncertainty. However, paradoxically, as the 2007–2009 financial crisis revealed, the concept …

Motivated by the growing necessity of portfolio diversification, this paper investigates the
dynamic connectedness among fine wine, equities, bonds, crude oil, commodities, gold …

Though they may seem completely unrelated, art and financial markets can go hand in
hand. The potential of art as an investment has been acknowledged at least since the …

This article examines the importance of rare whisky as an alternative asset class, with
particular attention given to its price driving factors, risk-return characteristics, and …

We introduce and study a mathematical model of an art collector. In our model, the collector
is a rational agent whose actions in the art market are driven by two competing long-term …

In the last decades, financial markets have experienced great uncertainty that has led
investors to look for alternative assets to further diversify their portfolios. Art and collectibles …

This book evaluates exotic alternative investment opportunities such as life settlements,
litigation funding, farmlands, royalties, weather derivatives, collectables and other unique …

This treatise explores the long-run value of crypto assets from an economic perspective.
After a discussion of the fundamental distinction between different types of crypto assets and …