Publications in peer-reviewed journals in economics and finance

  1. "Happy Savers and Happy Spenders:  An experimental study comparing US Americans and Germans"
    (with Amin Ashtiani and Thomas Dudek), Journal of Behavioral and Experimental Economics, 2019.
  2. "Non-cooperative games with prospect theory players and dominated strategies"
    (with Lars Peter Metzger), Games and Economic Behavior, Vol. 115, pp. 396-409, 2019.
  3. "The Fundamental Equity Premium and Ambiguity Aversion in an International Context"
    (with Minh Hai Ngo andShuonan Yuan), Risks 6.4, pp. 128-152, 2018. 
  4. "Survey data on Vietnamese retail investors' trading behavior and their psychological and behavioral patterns"
    (with Thuy Chung Phan andMei Wang), Data in Brief, Vol. 19, pp. 1176-1180, 2018.
  5. "What leads to overtrading and under-diversification? Survey evidence from retail investors in an emerging market" (with Thuy Chung Phan andMei Wang), Journal of Behavioral and Experimental Finance, in Print.
  6. "Asymmetric attention and volatility asymmetry" (with Michał Dzieliński andTõnn Talpsepp),
    Journal of Empirical Finance, Vol. 45, pp. 59-67, 2018.
  7. “Comment on Cenci et al. (2015): Half-full or half-empty? A model of decision making under risk”,
    Journal of Mathematical Psychology, Vol. 81, pp. 110-113, 2017.
  8. "Corporate Cash Holdings and Ambiguity Aversion" (with Wolfgang Breuer andK. Can Soypak),
    Review of Finance, Vol. 21, Issue 5, pp. 1933-1974, 2017.
  9. "Characterization of acceptance sets for co-monotone risk-measures" , Insurance: Mathematics and Economics, Vol. 74, pp. 147-152, 2017
  10. "The Impact of Culture on Loss Aversion" (with Mei Wang andThorsten Hens), Journal of Behavioral Decision Making,Vol. 30, Issue 2, pp. 270-281, 2017.
  11. "Estimating Cumulative Prospect Theory Parameters from an International Survey" (with Mei Wang andThorsten Hens), Theory and Decision, Vol. 82, Issue 4, pp. 567-596, 2017.
  12. "Should Your Bank Invest for You? Evidence from Private Banking Accounts" (with Ji Cao andMarcel Fischli), Journal of Behavioral and Experimental Finance, Vol 13, pp. 1-8, 2017.
  13. "How Time Preferences Differ: Evidence from 53 countries" (mit Mei Wang und Thorsten Hens), Journal of Economic Psychology, Vol. 52, pp. 115-135, 2016.
  14. "The war puzzle: Contradictory effects of international conflicts on stock markets" (with Amelie Brune, Thorsten Hens and Mei Wang), International Review of Economics, Vol. 62, Issue 1, pp. 1-21, 2015.
  15. ­­"Risk Preferences Around the World", (with Mei Wang and Thorsten Hens), Management Science, Vol. 61, Issue 3, pp. 637-648, 2015.
  16. "Evolutionary stability of prospect theory preferences", Journal of Mathematical Economics, Vol. 50, pp. 1-11, 2014.
  17. "The behavioral foundations of corporate dividend policy a cross-country analysis" (mit Wolfgang Breuer und K. Can Soypak), Journal of Banking and Finance, Vol. 42, pp. 247-265, 2014.
  18. "Can utility maximization explain the demand for structured investment products?" (with Thorsten Hens), Quantitative Finance, 14(4), pp. 673-681, 2014.
  19. "International evidence on the equity premium puzzle and time discounting" (with Thorsten Hens and Mei Wang), Multinational Finance Journal, 17(3/4), pp. 149-163, 2013.
  20. "Risk classes for structured products: mathematical aspects and their implications on behavioral investors" (with Ji Cao), Annals of Finance, Vol. 9, Issue 2, pp. 167-183, 2013.
  21. "Can ambiguity aversion solve the equity premium puzzle? Survey evidence from international data" (with Mei Wang), Finance Research Letters, 9(2), pp. 63-72, 2012.
  22. Explaining the demand for structured financial products: survey and field experiment evidence” (with Thorsten Hens), ZfB, Vol. 82, Issue 5, pp. 491-508, 2012.
  23. "Why do Investors buy bad financial products? Probability misestimation and preferences in financial investment decisions", Journal of Behavioral Finance, Vol. 13, Issue 2, pp. 108-118, 2012. 
  24. "Optimal financial investments for non-concave utility functions", Economics Letters, Vol. 114, Issue 3, pp. 239-240, 2012.
  25. Too risk averse for prospect theory?” (with Thuy Bui), Modern Economy, Vol. 2, Issue 4, pp. 691-700, 2011.
  26. Volatility asymmetry, news and private investors“ (with Michal Dzielinski and Tonn Talpsepp), The Handbook of News Analytics in Finance, Wiley & Sons, 2011.
  27. Co-monotonicity of optimal investments and the design of structural financial products“, Finance and Stochastics, vol. 15, no. 1, pp. 27-55, 2011.
  28.  „Explaining asymmetric volatility around the world" (with Tõnn Talpsepp), Journal of Empirical Finance, Vol. 17, Issue 5, pp. 938-956, 2010.
  29.  „Financial Market Equilibria with Cumulative Prospect Theory“ (with Enrico De Giorgi andThorsten Hens), Journal of Mathematical Economics, Vol. 46, Issue 5, pp. 633-651, 2010.
  30.  „SP/A and CPT: A reconciliation of two behavioral decision theories", Economics Letters, Vol. 108, Issue 3, pp. 327-329, 2010.
  31. What is behind the Priority Heuristic? – A mathematical analysis and comment on Brandstätter, Gigerenzer and Hertwig“ (with Mei Wang), Psychological Review, vol. 115, Issue 1, pp. 274-280, 2008.
  32. Prospect Theory for continuous distributions“ (with Mei Wang), Journal of Risk and Uncertainty, Vol. 36, Nr. 1, pp. 83–102, 2008.
  33. Cumulative Prospect Theory and the St. Petersburg Paradox“ (withMei Wang), Economic Theory, Vol. 28, pp. 665-679, 2006.