Prospect Theory (PT) and Constant-Relative-Risk-Aversion (CRRA) preferences have clear-cut and very different implications for the optimal asset allocation between a riskless asset and a risky stock as a function of the investment horizon.While old fashioned drink ornament CRRA implies that the optimal allocation is independent of the horizon, we s
Environmental catastrophes, perpetuated by the unsustainable and unrestricted consumption of resources, are becoming increasingly apparent.Although elite practices often account for a disproportionate amount of resource usage, wealthy ways of life remain unchallenged while the non-elite continuously adapt to ecological crises.The cases of celebrity
The advantages of coconut coir powder (cocopeat) la tierra de acre mezcal are resistant to microorganisms, weathering and resistant to mechanical spelling, namely friction and blows.Based on these advantages, cocopeat can be used as a blend of fine aggregates in the manufacture of concrete.The sieve test was conducted on the cocopeat to determine t