The term frame comes from bevavioral finance and refers to the way in which a decision or problem is presented. For example, the annuity purchase decision can be framed in the context of investing (i.e. gains, losses and terminal wealth) or in the context of consumption and guaranteed income. The manner in which a potential decision is framed can have a huge impact on outcomes. With annuities, for example, framing can impact whether to annuitize, when to buy, how much wealth to annuitize, and what type of annuity to use.
AD: Your book Calculating Catastrophe discusses the dynamic nature of catastrophe risks, and you have written elsewhere about how...
The increasingly popular Finovate Conference Series just completed its spring event in San Francisco.
64 very interesting companies presented brief technology/product demos to a large audience of financial services media, analysts, investors, potential partners, competitors, and other industry participants.
All of the presenting companies are focused on technology innovation in finance, and most of the companies are young.
Below is a recap of some of the more interesting stories at the conference. There are five companies/stories in each category. The categories are intended to represent the perspectives of what could be considered core audience segments for the presenting companies. In other words, each category lists the companies that might be...
Meir Statman is the Glenn Klimek Professor of Finance at the Leavey School of Business, Santa Clara University, and Visiting Professor at Tilburg University in the Netherlands.
His research on behavioral finance has been supported by the National Science Foundation, CFA Institute, and Investment Management Consultants Association (IMCA) and has...
Coverage of annuities by the broader financial media tends to be negative, with much of the criticism focused on annuity expenses.
The criticism is typically accompanied by a blue-sky investing scenario that makes the case for annuities that much less compelling. The theoretical retail...
Walter M. Bortz II, M.D., is a Clinical Associate Professor of Medicine at Stanford University School of Medicine and a graduate of Williams College and the University of Pennsylvania School of Medicine.
Recognized as one of America’s leading scientific experts on aging and longevity, Dr. Walter Bortz's research has focused on the importance of physical exercise in the promotion of robust aging....
