The paper provides a critical review of empirical findings on the performance of mutual
funds, mainly for the US and UK. Ex‐post, there are around 0‐5% of top performing UK and …

Purpose–The purpose of this paper, and a companion paper (Duxbury, 2015), is to review
the insights provided by experimental studies examining financial decisions and market …

" More information is always better, and full information is best. More computation is always
better, and optimization is best." More-is-better ideals such as these have long shaped our …

Disclosure: In addition to being a professor at Yale University, the author is currently working
part-time with Standard & Poor's to produce home price indices; with the Chicago Mercantile …

We evaluate the out-of-sample performance of the sample-based mean-variance model,
and its extensions designed to reduce estimation error, relative to the naive 1/N portfolio. Of …

The research in Psychology and Economics (aka Behavioral Economics) suggests that
individuals deviate from the standard model in three respects:(1) nonstandard …

An updated and refreshed edition of the groundbreaking book that shows how people can
be nudged toward decisions that will improve their lives" If you've read Nudge and think you …

Standard economic theories of saving implicitly assume that households have the cognitive
ability to solve the relevant optimization problem and the willpower to execute the optimal …