作者:Schuhmacher, Frank; Kohrs, Hendrik; Auer, Benjamin R.
作者单位:Leipzig University; Brandenburg University of Technology Cottbus; Leibniz Association; Ifo Institut
摘要:We show that, in the presence of a risk-free asset, the return distribution of every portfolio is determined by its mean and variance if and only if asset returns follow a specific skew-elliptical distribution. Thus, contrary to common belief among academics and practitioners, skewed returns do not allow a rejection of mean-variance analysis. Our work differs from Chamberlain's [Chamberlain G (1983) A characterization of the distributions that imply mean-variance utility functions. J. Econom. ...
作者:Negro, Giacomo; Williams, Melissa J.; Pontikes, Elizabeth G.; Lopiano, Gabrielle
作者单位:Emory University; University of California System; University of California Davis
摘要:Destigmatization is an understudied social process in which the negative outcomes for a previously stigmatized group improve. We theorize that during a period of destigmatization, the effects of stigma persist more strongly for people stigmatized by association than for those directly stigmatized. We propose that this occurs because, during periods of destigmatization, conscious prejudice has diminished but nonconscious prejudice remains, so people correct for their explicit biases toward indi...