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Expert Opinion

Heterogeneity and Skill in the Foreign Exchange Market

October 11th, 2018|

An important notion that has been debated in financial literature is market heterogeneity. Traditional financial models adopt the popular assumption that markets are efficient and that participants act rationally such that their actions are homogeneous. Nevertheless, studies in behavioral finance [...]

Self-awareness and the Disposition Effect

October 4th, 2018|

We have all heard the expression “cut your losses” whenever it has become evident that we are wasting valuable time and resources on something that is deemed as failing. As logical as this advice may be, not everyone abides by [...]