TransWikia.com

My references do not align for bibliography that is manually input

TeX - LaTeX Asked by Edsel Flores on February 19, 2021

enter image description here

documentclass[12pt]{report}
usepackage[utf8]{inputenc}
usepackage{graphicx}
graphicspath{{images/}}
usepackage[utf8]{inputenc}
usepackage[english]{babel}
usepackage{multirow}
usepackage{amscd}
usepackage{amsmath}
usepackage{amssymb}
usepackage{amsthm}
%usepackage{xcolor}
usepackage{epsfig}
usepackage{verbatim}
usepackage{graphicx}
usepackage{amsthm}
usepackage{color}
usepackage{float}
usepackage{lscape}
usepackage{enumerate}
usepackage{pdflscape}
usepackage{tocbibind}
usepackage{tocloft}
usepackage{blindtext}
newtheorem{theorem}{Theorem}[section]
newtheorem{lemma}[theorem]{Lemma}
newtheorem{note}[theorem]{Note}
newtheorem{corollary}[theorem]{Corollary}
newtheorem{prop}[theorem]{Proposition}
usepackage{atbegshi}%http://ctan.org/pkg/atbegshi

AtBeginDocument{AtBeginShipoutNext{AtBeginShipoutDiscard}}
backgroundsetup{scale=1,angle=0,firstpage=false, opacity=0.5,
contents={begin{tikzpicture}[remember picture,overlay]
node at ([yshift=0pt, xshift=0pt]current page.center)
setlength{textheight}{8.5in} setlength{topmargin}{0.0in}
setlength{headheight}{0.0in} setlength{headsep}{0.0in}
setlength{leftmargin}{0.5in}
setlength{oddsidemargin}{0.0in}
%setlength{parindent}{1pc}
setlength{textwidth}{6.5in}

renewcommand{contentsname}{Table of Contents}
begin{document}

begin{thebibliography}{9}

bibitem{Agapova2011} Agapova,A.(2011). Conventional mutual index funds versus exchange-traded funds, Journal of Financial Markets, 14(2): 323-343.

bibitem{Aminetal2009} Amin, A., Shoukat, S., and Khan, Z. (2009). Gambler’s Fallacy and Behavioral Finance in the Financial Markets (A Case Study of Lahore Stock Exchange). Abasyn University Journal of Social Sciences, 3(2), 67-73. 

bibitem{Anandetal2018} Anand, A., Jothikasthira, C.and K. Venkataraman.(2018). Do buy-side institutions supply liquidity in bond markets? Evidence from mutual funds, working paper, Southern Methodist University. 

bibitem{AntoniewiczHeinrichs2015} Antoniewicz, R. and  Heinrichs J.(2015). The role and activities of Authorized Participants of exchange-traded funds (March), Investment Company Institute, Washington DC.

bibitem{Antony2019}Anu, A. (2019). Behavioral finance and portfolio management: Review of
theory and literature



bibitem{AnagnostopoulosMamanis2010} Anagnostopoulos, K. P.,and Mamanis, G. (2010). A portfolio optimization model with three objectives and discrete variables. Computers and Operations Research, 37(7), 1285–1297. https://doi.org/10.1016/j.cor.2009.09.009.

bibitem{Aquilinaetal2020} Aquilina, M.,  Croxson, K.,  et.al. (2020). Fixed-income ETFs: Primary market participation and resilience of liquidity during periods of stress. Economic Letters, Volume 193.

bibitem{Arrow1952} Arrow.K.(1952).Alternative Approaches to the Theory of Choice in Risk-Taking Situations.Econometrica
Vol. 19, No. 4 (Oct., 1951), pp. 404-437 (34 pages)
Published By: The Econometric Society.DOI:10.2307/1907465. Retrieved from.https://www.jstor.org/stable/1907465

bibitem{AzracBawa1977} Arzac, E. R., and Bawa, V. S. (1977). Portfolio choice and equilibrium in capital markets with safety-first investors. Journal of Financial Economics, 4(3), 277–288. https://doi.org/10.1016/0304-405X(77)90003-4 

bibitem{BaeKim2020} Bae, K.and Kim, D. (2020). Liquidity risk and exchange-traded fund returns, variances, and tracking errors. Journal of Financial Economics.

bibitem{Banerjee1992}  Banerjee, A. (1992). A simple model of herd behavior. Quarterly Journal of Economics, 107, 797-817.

bibitem{BarberOdean2001} Barber, B. M.,and Odean, T. (2001). Boys will be boys: Gender, overconfidence, and common stock investment. The quarterly journal of economics, 116(1), 261-292

bibitem{Bessembinderetal2018} Bessembinder, H., Spatt, C., and K. Venkataraman.(2019). A survey of the microstructure of fixed income markets, Journal of Financial and Quantitative Analysis, forthcoming.

bibitem{Ben-Davidetal2017} Ben-David, Itzhak, Francesco Franzoni, and Rabih Moussawi, 2017. Exchange-traded funds (ETFs), Annual Review of Financial Economics, Vol. 9.

bibitem{Bergeretal2018} Berger, S., Feldhaus, C., and Ockenfels, A. (2018). A shared identity promotes herding in an information cascade game. Journal of the Economic Science Association, 4(1), 63-72.

bibitem{BhattacharyaOHara2017} Bhattacharya, A., and M. O’Hara.(2017). Can ETFs increase market fragility? The Effect of information linkages in ETF markets. Working paper. Cornell University

bibitem{Bikhchandietal1992} Bikhchandi, S., Hirschleifer, D., and Welch, I. (1992). A theory of fads, fashion, custom and cultural change as informational cascades. Journal of Political Economy, 100, 992-1026

bibitem{BlitzHuij2012} Blitz, D.and Huij, J.(2012). Evaluating the performance of global emerging markets equity exchange-traded funds. Emerging Markets Review, 13(2), pp.149-158.

bibitem{CampbellViciera2003} Campbell, J., and Viciera, L. (2003). Strategic Asset Allocation: Portfolio Choice for Long Term Investors. The Economic Journal.  Retrieved from. DOI. 10.1093/0198296940.001.0001 

bibitem{Changetal2015} Chang,  K. H, Young, M. N,  Hildawa, M. I,  Santos, I. J.R and  Pan, C.H. (2015) "Portfolio selection problem considering behavioral stocks," in Proc. the World Congress on Engineering.
 
bibitem{Changetal2016} Chang, K.H, Young, M.N, and   Lin, W.K. ( 2016).” Portfolio Selection Problem Considering Behavioral Stocks under Holding Periods”, International Journal of Modeling and Optimization, Volume 6, No.4.

bibitem{Changetal2018} Chang, K.-H., Young, M. N., and Diaz, J. F. T. (2018). Portfolio Optimization Utilizing the Framework of Behavioral Portfolio Theory. International Journal of Operations Research, 15(1), 1–13. https://doi.org/10.6886/IJOR.201803_15(1).0001
newpage

bibitem{Chen2020} Chen,J.(2020). Exchange-Traded Funds.Retrieved from from.https://www.investopedia.com/terms/e/etf.as

bibitem{Chen2018} Chen, J. (2018).  Safety-First Rule. Retrieved from.https://www.investopedia.com/terms/s/safety-first-rule.asp

bibitem{ChernenkoSunderam2016} Chernenko, S., and A. Sunderam. (2016) , Liquidity transformation in asset management: Evidence from the cash holdings of mutual funds, working paper, Purdue University.

bibitem{Chopra1993}Chopra, V .(1993). The Effect of Errors in Means, Variances, and Covariances on Optimal Portfolio Choice. The Journal of Portfolio Management, Vol. 19, no.2  pp. 6-11. Retrieved from. DOI: 10.3905/jpm.1993.409440

 bibitem{CoxPeterson1994} Cox, D. R and. Peterson D.R. (1994). "Stock returns following large one-day declines: Evidence on short-term reversals and longer-term performance," The Journal of Finance, vol. 49, no. 1

bibitem{DaShive2017} Da, Z., and S. Shive, (2017), Exchange-traded funds and asset return correlations, Financial Management, Vol. 24, 136-168.

bibitem{DalthineDonaldson2015a} Dalthine, J.P., and Donaldson, J. (2015). Risk Aversion and Investment Decisions, Part II: Modern Portfolio Theory.  Intermediate Financial  Theory( 3rd edition) Pp. 143-179.

bibitem{DalthineDonaldson2015} Dalthine, J.P., and Donaldson, J. (2015). The Arbitrage Pricing Theory. Intermediate Financial Theory  3rd edition Pp. 417-442.

bibitem{Dannhauser2017} Dannhauser, C.(2017). The impact of innovation: Evidence from corporate bond exchange-traded funds (ETFs). Journal of Financial Economics, 125(3), pp.537-560.

bibitem{Dyl1977} Dyl, E.(1977).Capital Gains Taxation and Year-End Stock Market Behavior.Journal of Finance, Vol. 32, issue 1, 165-75.Retrieved from.https://econpapers.repec.org/article/blajfinan/v_3a32_3ay_3a1977_3ai_3a1_3ap_3a165-75.htm

bibitem{Economouetal2018} Economou, F., Hassapis, C., & Philippas, N. (2018). Investors’ fear and herding in the stock market. Applied Economics, 50(34-35), 3654-3663.

bibitem{Engle1982}Engle, Robert F. (1982). Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation. Econometrica. 50 (4): 987–1008. DOI:10.2307/1912773. JSTOR 1912773

bibitem{Farley2020}Farley,A.(2020).Why Should I Consider Investing? Retrieved from https://www.investopedia.com/ask/answers/why-should-i-invest.

bibitem{Ferrisetal1988}  Ferris S.P ,  Haugen,R.A  and  Makhija, A.K.( 1988) , "Predicting contemporary volume with historic volume at differential price levels: Evidence supporting the disposition effect," The Journal of Finance, vol. 43, no. 3, pp. 677-697.

bibitem{FriedmanSavage1948} Friedman, M.and Savage, L. (1948). The Utility Analysis of Choices Involving Risk. The Journal of Political Economy (Vol. 56, Issue 4, pp. 279–304).

bibitem{Gilovic1985} Gilovich, T., Vallone, R., and  Tversky, A.  (1985). The hot hand in basketball: On the misperception of random sequences. Cognitive Psychology. [Online]. 17(3). pp. 295-314. Available: doi:http://dx.doi.org/10.1016/0010-0285(85)90010-6 

bibitem{GlasserWeber2007} Glaser, M. and Weber, M. (2007). Why inexperienced investors do not learn: They do not know their past portfolio performance. Finance Research Letters, 4(4), 203-216. 

bibitem{GortonPennecchi1993} Gorton, G.B., and  Pennacchi.G.G. (1993). Security baskets and index linked securities, Journal of Business, Vol. 66, 1-27.

bibitem{Goldsteinetal2017} Goldstein, I., Jiang, H., and D.T. Ng. (2017). Investor flows and fragility in corporate bond funds, Journal of Financial Economics, Vol. 126, 592-613.

bibitem{Hirshleiferetal2001} Hirshleifer, J.; Glazer, A.; Hirshleifer, D. (2005). Price theory and applications: Decisions, markets, and information (7 ed.). Cambridge University Press. ISBN 9780521523424.

bibitem{HoffmanPost2017} Hoffman A. and Post T.How return and risk experiences shape investor beliefs and preferences Accounting and Finance 57 (2017) 759–788

bibitem{HubermanWang2005} Huberman, G.and Wang, Z. (2005). Arbitrage Pricing Theory. Federal Reserve Bank of New York Staff Reports No. 216. Retrieved from. https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr216.pdf
newpage

bibitem{ICI2018} Investment Company Institute, 2018. 2017 Investment Company Fact Book, available at https://www.ici.org/pdf/2017_factbook.pdf. 

bibitem{Islam2012} Islam, S.(2012). Behavioral finance of an inefficient market. Global Journal of Management and Business Research, 12(14). 

bibitem{Israelietal2017} Israeli, D., Lee, C.M., and S. Sridhar.(2017).Is there a dark side to exchange-traded funds (ETFs)? An information perspective, Review of Accounting Studies, Vol. 22, 1048-1083.

bibitem{JagadeeshSubrahmanyam1993} Jagadeesh, N. and Subrahmanyam,A.(1993). Liquidity effects of the introduction of the S&P 500 index futures contract on the underlying stocks, Journal of Business, Vol. 66 (2), 171-187.

bibitem{Jiangetal2013} Jiang, C., Ma, Y. and An, Y.(2013). International portfolio selection with exchange rate risk: A behavioral portfolio theory perspective. Journal of Banking & Finance, 37(2), pp.648-659.

bibitem{Kataoka1963} Kataoka, S.(1963). A Stochastic Programming Model. Journal of Econometric Society, 31(1/2), 181–196. http://www.jstor.org/stable/1910956 

bibitem{T}Kahneman, D.and Tversky, A.(2009). Prospect Theory: An Analysis of Decision under Risk. Journal of Econometric Society, 47(2), 263–291. http://www.jstor.org/stable/1914185 

bibitem{Kenton2019} Kenton,W.(2019). Roy’s Safety-First Criterion (SF Ratio) Definition. Retrieved from. https://www.investopedia.com/terms/r/roys-safety-first-criterion.asp

bibitem{DunningKruger1999} Kruger, J. and  Dunning,D.(1999). Unskilled and unaware of it: How difficulties in recognizing one's incompetence lead to inflated self-assessments. Journal of Personality and Social Psychology, 77(6), 1121–1134.  Retrieved from https://doi.org/10.1037/0022-3514.77.6.1121

bibitem{Kwongetal2016} Kwong, R. Et.al.(2016).  Enhancing mean-variance portfolio selection by modeling distributional asymmetries. Journal of Economics and Business. Retrieved from DOI: http://dx.doi.org/doi:10.1016/j.jeconbus.2016.01.003 

bibitem{Lin2018} Lin, M. C.(2018). The impact of aggregate uncertainty on herding in analysts’ stock recommendations. International Review of Financial Analysis, 57, 90-105.

bibitem{Lopes1987} Lopes,L.(1987). Between Hope and Fear: The Psychology of Risk Original Research Article. Advances in Experimental Social Psychology, 20, 255–295. 

bibitem{LopesOden1999} Lopes, L. L., and G. C. Oden. (1999).  The Role of Aspiration Level in Risk Choice: A Comparison of Cumulative Prospect Theory and SP/A Theory. Journal of Mathematical Psychology, 43 286-313. 

bibitem{Lucas1976} Lucas, R.( 1976).  Understanding Business Cycles. Carnegie-Rochester Conference Series on Public Policy, Volume 5,  Pp. 7-29

bibitem{MadhavanAnanth2012} Madhavan, Ananth. (2012). Exchange-traded funds, market structure, and the Flash Crash. Financial Analysts Journal, Vol 68 (3), 20-35

bibitem{Madhavanetal2016a} Madhavan, Ananth. (2016). Exchange-traded funds and the new dynamics of investing. Oxford University Press: New York, NY.

bibitem{MadhavanSobczyk2016} Madhavan, Ananth, and Aleksander Sobczyk, (2016). Price dynamics and liquidity of exchange-traded funds. Journal of Investment Management, Vol. 14, No. 2, pp. 1–17.

bibitem{MaduraRichie2010} Madura, J.  and  Richie, N. (2010)  "Overreaction of exchange-traded funds during the bubble of 1998-2002," Handbook of Behavioral Finance: Edward Elgar Publishing Limited. 

bibitem{MassaSimonov2005} Massa, M., & Simonov, A. (2005). Behavioral biases and investment. Review of Finance, 9(4), 483-507. 

bibitem{Markowitz1952} Markowitz, H. (1952). Portfolio Selection. The Journal of Finance, 7(1), 77–91. https://doi.org/10.1111/j.1540-6261.1952.tb01525.x 

bibitem{Markowitz1956} Markowitz, H.(1956).  The optimization of a quadratic function subject to linear constraints. https://doi.org/10.1002/nav.3800030110

bibitem{MarkLechman2019} Mark, A., and Lechman, E.(2019). Exchange-Traded Funds: Concepts and Contexts. Exchange-Traded Funds in Europe, pp.7-59.
newpage

bibitem{MarkzLechman2019} Mark, A., and Lechman, E.,( 2019). New technologies and diffusion of innovative financial products: Evidence on exchange-traded funds in selected emerging and developed economies. Journal of Macroeconomics, 62, p.103064.

bibitem{MassaSimonov2005} Massa, M., & Simonov, A. (2005). Behavioral biases and investment. Review of Finance, 9(4), 483-507. 

bibitem{Michaud1989} Michaud R. (1989). The Markowitz Optimization Enigma is ‘Optimized’ Optimal? Financial Analysis Journal. Retrieved from. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2387669


bibitem{Nam2018} Nam, J., (2017).Market accessibility, corporate bond ETFs, liquidity. Working paper, Southern Methodist University.

bibitem{Roy1952} Roy, Arthur D. (1952). "Safety First and the Holding of Assets". Econometrica. 20 (July): 431–450. DOI:10.2307/1907413.

bibitem{Saglametal2018} Saglam, Mehmet, Tuzun T, and Russ W. (2018). Do ETFs increase liquidity, working paper, University of Maryland

bibitem{Scott2019}  Scott,G.(2019).House Money Effect, Retrieved from. https://www.investopedia.com/terms/h/house-money-effect.
bibitem{Segal2019} Segal,T.(2019).Advantages and Disadvantages of ETFs.Retrieved from.https://www.investopedia.com/articles/exchangetradedfunds/11/advantages-disadvantages-etfs.asp

bibitem{SherfinStatman1985} Shefrin, H., and  Statman, M. (1985).  "The disposition to sell winners too early and ride losers too long: Theory and evidence," The Journal of Finance, vol. 40, no. 3, pp. 777-790.

bibitem{SherfinStatman2000} Sherfin, H., and  Statman M.(2000).Behavioral Portfolio Theory. The Journal of Financial and Quantitative Analysis, Vol. 35, No. 2 (Jun. 2000), pp. 127 -151. Retrieved from.. http://www.jstor.org/stable/2676187

bibitem{Smith2019} Smith, L. (2019). Modern Portfolio Theory vs. Behavioral Finance. Retrieved from.  https://www.investopedia.com/articles/investing/041213/modern-portfolio-theory-vs-behavioral-finance.asp


bibitem{ShapiraVenezia2001} Shapira,  Z. and Venezia, I. (2001). "Patterns of  behavior of professionally managed and independent investors," Journal of Banking and Finance, vol. 25, no. 8, pp. 1573-1587,  

 bibitem{SherfinStatman1985} Shefrin, H.  and Statman, M. (1985).  "The disposition to sell winners too early and ride losers too long: Theory and evidence," The Journal of Finance, vol. 40, no. 3, pp. 777-790,. 

 bibitem{Sherfin2008} Sherfin, H. (2008). SP/A Theory. A Behavioral Approach to Asset Pricing (pp.429-436). Retrieved from.DOI: 10.1016/B978-012374356-5.50029-2

 bibitem{Siewetal2015} Siew, L., Jarman, S. and Ismail, H., (2015). The Impact of Human Behaviour Towards Portfolio Selection in Malaysia. Procedia - Social and Behavioral Sciences, 172, pp.674-678.

 bibitem{Subrahmanyam1991} Subrahmanyam, A., (1991), A theory of trading in stock index futures, Review of Financial Studies, Vol. 4, 17-51. 

  bibitem{Telser1955} Telser, L. G. (1955). Safety First and Hedging. The Review of Economic Studies, 23(1), 1–16. https://sci-hub.tw/https://doi.org/10.2307/2296146.

   bibitem{ThalerJohnson1990} Thaler, J, Richard H.; Johnson, Eric J. (1990).  Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes  On  Risky Choice Management Science;36, 6; ABI/INFORM Global  pg. 643
 

bibitem{TuckerLaipply2013} Tucker, M., and  Laipply, S. (2013). Bond Market Price Discovery: Clarity through the lens of an exchange. . Journal of Portfolio Management, Volume 39, No. 2. pp 49-62.


bibitem{UnitedStatesSecurityExchangeCommission} U.S. Securities & Exchange Commission. (2020). "Investor Bulletin: Exchange-Traded Funds (ETFs)," Page 2. 


bibitem{Wangetal2018} Wang, J., H. Zhang, and X. Zhang, (2018), Fire sales and liquidity provision in the corporate bond market, working paper, ssrn.com/abstract_id=2644098.

bibitem{OrtecFinance2018} N/A. (2018). Advancements in Modern Portfolio Theory. Retrieved From.https://www.ortecfinance.com/en/insights/blog/advancements-in-modern-portfolio-theory?fbclid=IwAR1ruMm2tNdAnZmUCt8gXrvT1Tl9RQIi2T9eppBgW1PL-p7k0zQvPDhcZ_c



end{thebibliography}
    
end{document}

One Answer

Your references contain quite a few syntax errors, e.g., unescaped & characters. Moreover, the URL strings aren't encased in url directives. You must have been getting a ton of error messages. What did you do with them? Your thebibliography environments also contains several newpage directives: Why?

Anyway, once I fixed these issues and changed begin{thebibliography}{9} to begin{thebibliography}{99} (since the environment contains more than 9 but fewer than 100 entries), the bibliography compiles without further issues. There may be factual errors and formatting mistakes left, but no further syntax errors (I think...).

enter image description here

documentclass[12pt]{report}
usepackage[utf8]{inputenc}
usepackage[T1]{fontenc}
usepackage[english]{babel}
usepackage{xurl} % for 'url' macro

setlength{textheight}{8.5in} 
setlength{textwidth}{6.5in}
setlength{topmargin}{0.0in}
setlength{headheight}{0.0in} 
setlength{headsep}{0.0in}
setlength{leftmargin}{0.5in}
setlength{oddsidemargin}{0.0in}

% commented out the remainder of the preamble
%usepackage{graphicx}
%graphicspath{{images/}}
%usepackage{multirow}
%usepackage{amscd}
%usepackage{amsmath}
%usepackage{amssymb}
%usepackage{amsthm}
%%usepackage{xcolor}
%usepackage{epsfig}
%usepackage{verbatim}
%usepackage{graphicx}
%usepackage{amsthm}
%usepackage{color}
%usepackage{float}
%usepackage{lscape}
%usepackage{enumerate}
%usepackage{pdflscape}
%usepackage{tocbibind}
%usepackage{tocloft}
%usepackage{blindtext}
%newtheorem{theorem}{Theorem}[section]
%newtheorem{lemma}[theorem]{Lemma}
%newtheorem{note}[theorem]{Note}
%newtheorem{corollary}[theorem]{Corollary}
%newtheorem{prop}[theorem]{Proposition}
%usepackage{atbegshi}%http://ctan.org/pkg/atbegshi
%AtBeginDocument{AtBeginShipoutNext{AtBeginShipoutDiscard}}
%backgroundsetup{scale=1,angle=0,firstpage=false, opacity=0.5,
%contents={begin{tikzpicture}[remember picture,overlay]
%node at ([yshift=0pt, xshift=0pt]current page.center)
%setlength{parindent}{1pc}
%renewcommand{contentsname}{Table of Contents}

begin{document}

begin{thebibliography}{99}

bibitem{Agapova2011} Agapova, A. (2011). Conventional mutual index funds versus exchange-traded funds, Journal of Financial Markets, 14(2): 323-343.

bibitem{Aminetal2009} Amin, A., Shoukat, S., and Khan, Z. (2009). Gambler's Fallacy and Behavioral Finance in the Financial Markets (A Case Study of Lahore Stock Exchange). Abasyn University Journal of Social Sciences, 3(2), 67-73. 

bibitem{Anandetal2018} Anand, A., Jothikasthira, C.and K. Venkataraman.(2018). Do buy-side institutions supply liquidity in bond markets? Evidence from mutual funds, working paper, Southern Methodist University. 

bibitem{AntoniewiczHeinrichs2015} Antoniewicz, R. and  Heinrichs J.(2015). The role and activities of Authorized Participants of exchange-traded funds (March), Investment Company Institute, Washington DC.

bibitem{Antony2019}Anu, A. (2019). Behavioral finance and portfolio management: Review of theory and literature

bibitem{AnagnostopoulosMamanis2010} Anagnostopoulos, K. P.,and Mamanis, G. (2010). A portfolio optimization model with three objectives and discrete variables. Computers and Operations Research, 37(7), 1285–1297. url{https://doi.org/10.1016/j.cor.2009.09.009}.

bibitem{Aquilinaetal2020} Aquilina, M.,  Croxson, K.,  et.al. (2020). Fixed-income ETFs: Primary market participation and resilience of liquidity during periods of stress. Economic Letters, Volume 193.

bibitem{Arrow1952} Arrow.K.(1952).Alternative Approaches to the Theory of Choice in Risk-Taking Situations.Econometrica
Vol. 19, No. 4 (Oct., 1951), pp. 404-437 (34 pages)
Published By: The Econometric Society.DOI:10.2307/1907465. Retrieved from url{https://www.jstor.org/stable/1907465}

bibitem{AzracBawa1977} Arzac, E. R., and Bawa, V. S. (1977). Portfolio choice and equilibrium in capital markets with safety-first investors. Journal of Financial Economics, 4(3), 277–288. url{https://doi.org/10.1016/0304-405X(77)90003-4}

bibitem{BaeKim2020} Bae, K.and Kim, D. (2020). Liquidity risk and exchange-traded fund returns, variances, and tracking errors. Journal of Financial Economics.

bibitem{Banerjee1992}  Banerjee, A. (1992). A simple model of herd behavior. Quarterly Journal of Economics, 107, 797-817.

bibitem{BarberOdean2001} Barber, B. M.,and Odean, T. (2001). Boys will be boys: Gender, overconfidence, and common stock investment. The quarterly journal of economics, 116(1), 261-292

bibitem{Bessembinderetal2018} Bessembinder, H., Spatt, C., and K. Venkataraman.(2019). A survey of the microstructure of fixed income markets, Journal of Financial and Quantitative Analysis, forthcoming.

bibitem{Ben-Davidetal2017} Ben-David, Itzhak, Francesco Franzoni, and Rabih Moussawi, 2017. Exchange-traded funds (ETFs), Annual Review of Financial Economics, Vol. 9.

bibitem{Bergeretal2018} Berger, S., Feldhaus, C., and Ockenfels, A. (2018). A shared identity promotes herding in an information cascade game. Journal of the Economic Science Association, 4(1), 63-72.

bibitem{BhattacharyaOHara2017} Bhattacharya, A., and M. O'Hara.(2017). Can ETFs increase market fragility? The Effect of information linkages in ETF markets. Working paper. Cornell University

bibitem{Bikhchandietal1992} Bikhchandi, S., Hirschleifer, D., and Welch, I. (1992). A theory of fads, fashion, custom and cultural change as informational cascades. Journal of Political Economy, 100, 992-1026

bibitem{BlitzHuij2012} Blitz, D.and Huij, J.(2012). Evaluating the performance of global emerging markets equity exchange-traded funds. Emerging Markets Review, 13(2), pp.149-158.

bibitem{CampbellViciera2003} Campbell, J., and Viciera, L. (2003). Strategic Asset Allocation: Portfolio Choice for Long Term Investors. The Economic Journal.  Retrieved from. DOI. 10.1093/0198296940.001.0001 

bibitem{Changetal2015} Chang,  K. H, Young, M. N,  Hildawa, M. I,  Santos, I. J.R and  Pan, C.H. (2015) ``Portfolio selection problem considering behavioral stocks,'' in Proc. the World Congress on Engineering.
 
bibitem{Changetal2016} Chang, K.H, Young, M.N, and   Lin, W.K. ( 2016).” Portfolio Selection Problem Considering Behavioral Stocks under Holding Periods”, International Journal of Modeling and Optimization, Volume 6, No.4.

bibitem{Changetal2018} Chang, K.-H., Young, M. N., and Diaz, J. F. T. (2018). Portfolio Optimization Utilizing the Framework of Behavioral Portfolio Theory. International Journal of Operations Research, 15(1), 1–13. url{https://doi.org/10.6886/IJOR.201803_15(1).0001}

bibitem{Chen2020} Chen,J.(2020). Exchange-Traded Funds. Retrieved from url{https://www.investopedia.com/terms/e/etf.as}

bibitem{Chen2018} Chen, J. (2018).  Safety-First Rule. Retrieved from url{https://www.investopedia.com/terms/s/safety-first-rule.asp}

bibitem{ChernenkoSunderam2016} Chernenko, S., and A. Sunderam. (2016) , Liquidity transformation in asset management: Evidence from the cash holdings of mutual funds, working paper, Purdue University.

bibitem{Chopra1993}Chopra, V .(1993). The Effect of Errors in Means, Variances, and Covariances on Optimal Portfolio Choice. The Journal of Portfolio Management, Vol. 19, no.2  pp. 6-11. Retrieved from. DOI: 10.3905/jpm.1993.409440

 bibitem{CoxPeterson1994} Cox, D. R and. Peterson D.R. (1994). ``Stock returns following large one-day declines: Evidence on short-term reversals and longer-term performance,'' The Journal of Finance, vol. 49, no. 1

bibitem{DaShive2017} Da, Z., and S. Shive, (2017), Exchange-traded funds and asset return correlations, Financial Management, Vol. 24, 136-168.

bibitem{DalthineDonaldson2015a} Dalthine, J.P., and Donaldson, J. (2015). Risk Aversion and Investment Decisions, Part II: Modern Portfolio Theory.  Intermediate Financial  Theory( 3rd edition) Pp. 143-179.

bibitem{DalthineDonaldson2015} Dalthine, J.P., and Donaldson, J. (2015). The Arbitrage Pricing Theory. Intermediate Financial Theory  3rd edition Pp. 417-442.

bibitem{Dannhauser2017} Dannhauser, C.(2017). The impact of innovation: Evidence from corporate bond exchange-traded funds (ETFs). Journal of Financial Economics, 125(3), pp.537-560.

bibitem{Dyl1977} Dyl, E.(1977).Capital Gains Taxation and Year-End Stock Market Behavior.Journal of Finance, Vol. 32, issue 1, 165-75.Retrieved from url{https://econpapers.repec.org/article/blajfinan/v_3a32_3ay_3a1977_3ai_3a1_3ap_3a165-75.htm}

bibitem{Economouetal2018} Economou, F., Hassapis, C., & Philippas, N. (2018). Investors' fear and herding in the stock market. Applied Economics, 50(34-35), 3654-3663.

bibitem{Engle1982}Engle, Robert F. (1982). Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation. Econometrica. 50 (4): 987–1008. DOI:10.2307/1912773. JSTOR 1912773

bibitem{Farley2020}Farley, A. (2020). Why Should I Consider Investing? Retrieved from https://www.investopedia.com/ask/answers/why-should-i-invest.

bibitem{Ferrisetal1988}  Ferris, S.P. ,  Haugen, R.A.,  and  Makhija, A.K. (1988). ``Predicting contemporary volume with historic volume at differential price levels: Evidence supporting the disposition effect,'' The Journal of Finance, vol. 43, no. 3, pp. 677-697.

bibitem{FriedmanSavage1948} Friedman, M.and Savage, L. (1948). The Utility Analysis of Choices Involving Risk. The Journal of Political Economy (Vol. 56, Issue 4, pp. 279–304).

bibitem{Gilovic1985} Gilovich, T., Vallone, R., and  Tversky, A.  (1985). The hot hand in basketball: On the misperception of random sequences. Cognitive Psychology. [Online]. 17(3). pp. 295-314. Available: doi url{http://dx.doi.org/10.1016/0010-0285(85)90010-6}

bibitem{GlasserWeber2007} Glaser, M. and Weber, M. (2007). Why inexperienced investors do not learn: They do not know their past portfolio performance. Finance Research Letters, 4(4), 203-216. 

bibitem{GortonPennecchi1993} Gorton, G.B., and  Pennacchi.G.G. (1993). Security baskets and index linked securities, Journal of Business, Vol. 66, 1-27.

bibitem{Goldsteinetal2017} Goldstein, I., Jiang, H., and D.T. Ng. (2017). Investor flows and fragility in corporate bond funds, Journal of Financial Economics, Vol. 126, 592-613.

bibitem{Hirshleiferetal2001} Hirshleifer, J.; Glazer, A.; Hirshleifer, D. (2005). Price theory and applications: Decisions, markets, and information (7 ed.). Cambridge University Press. ISBN 9780521523424.

bibitem{HoffmanPost2017} Hoffman A. and Post T.How return and risk experiences shape investor beliefs and preferences Accounting and Finance 57 (2017) 759–788

bibitem{HubermanWang2005} Huberman, G.and Wang, Z. (2005). Arbitrage Pricing Theory. Federal Reserve Bank of New York Staff Reports No. 216. Retrieved from. url{https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr216.pdf}

bibitem{ICI2018} Investment Company Institute, 2018. 2017 Investment Company Fact Book, available at url{https://www.ici.org/pdf/2017_factbook.pdf}.

bibitem{Islam2012} Islam, S.(2012). Behavioral finance of an inefficient market. Global Journal of Management and Business Research, 12(14). 

bibitem{Israelietal2017} Israeli, D., Lee, C.M., and S. Sridhar.(2017).Is there a dark side to exchange-traded funds (ETFs)? An information perspective, Review of Accounting Studies, Vol. 22, 1048-1083.

bibitem{JagadeeshSubrahmanyam1993} Jagadeesh, N. and Subrahmanyam,A.(1993). Liquidity effects of the introduction of the S&P 500 index futures contract on the underlying stocks, Journal of Business, Vol. 66 (2), 171-187.

bibitem{Jiangetal2013} Jiang, C., Ma, Y. and An, Y.(2013). International portfolio selection with exchange rate risk: A behavioral portfolio theory perspective. Journal of Banking & Finance, 37(2), pp.648-659.

bibitem{Kataoka1963} Kataoka, S.(1963). A Stochastic Programming Model. Journal of Econometric Society, 31(1/2), 181–196. url{http://www.jstor.org/stable/1910956}

bibitem{T}Kahneman, D.and Tversky, A.(2009). Prospect Theory: An Analysis of Decision under Risk. Journal of Econometric Society, 47(2), 263–291. url{http://www.jstor.org/stable/1914185}

bibitem{Kenton2019} Kenton,W.(2019). Roy's Safety-First Criterion (SF Ratio) Definition. Retrieved from. url{https://www.investopedia.com/terms/r/roys-safety-first-criterion.asp}

bibitem{DunningKruger1999} Kruger, J. and  Dunning,D.(1999). Unskilled and unaware of it: How difficulties in recognizing one's incompetence lead to inflated self-assessments. Journal of Personality and Social Psychology, 77(6), 1121–1134.  Retrieved from url{https://doi.org/10.1037/0022-3514.77.6.1121}

bibitem{Kwongetal2016} Kwong, R. et al.(2016).  Enhancing mean-variance portfolio selection by modeling distributional asymmetries. Journal of Economics and Business. Retrieved from DOI: url{http://dx.doi.org/doi:10.1016/j.jeconbus.2016.01.003}

bibitem{Lin2018} Lin, M. C.(2018). The impact of aggregate uncertainty on herding in analysts' stock recommendations. International Review of Financial Analysis, 57, 90-105.

bibitem{Lopes1987} Lopes,L.(1987). Between Hope and Fear: The Psychology of Risk Original Research Article. Advances in Experimental Social Psychology, 20, 255–295. 

bibitem{LopesOden1999} Lopes, L. L., and G. C. Oden. (1999).  The Role of Aspiration Level in Risk Choice: A Comparison of Cumulative Prospect Theory and SP/A Theory. Journal of Mathematical Psychology, 43 286-313. 

bibitem{Lucas1976} Lucas, R.( 1976).  Understanding Business Cycles. Carnegie-Rochester Conference Series on Public Policy, Volume 5,  Pp. 7-29

bibitem{MadhavanAnanth2012} Madhavan, Ananth. (2012). Exchange-traded funds, market structure, and the Flash Crash. Financial Analysts Journal, Vol 68 (3), 20-35

bibitem{Madhavanetal2016a} Madhavan, Ananth. (2016). Exchange-traded funds and the new dynamics of investing. Oxford University Press: New York, NY.

bibitem{MadhavanSobczyk2016} Madhavan, Ananth, and Aleksander Sobczyk, (2016). Price dynamics and liquidity of exchange-traded funds. Journal of Investment Management, Vol. 14, No. 2, pp. 1–17.

bibitem{MaduraRichie2010} Madura, J.  and  Richie, N. (2010)  ``Overreaction of exchange-traded funds during the bubble of 1998-2002,'' Handbook of Behavioral Finance: Edward Elgar Publishing Limited. 

bibitem{MassaSimonov2005} Massa, M., & Simonov, A. (2005). Behavioral biases and investment. Review of Finance, 9(4), 483-507. 

bibitem{Markowitz1952} Markowitz, H. (1952). Portfolio Selection. The Journal of Finance, 7(1), 77–91. url{https://doi.org/10.1111/j.1540-6261.1952.tb01525.x}

bibitem{Markowitz1956} Markowitz, H.(1956).  The optimization of a quadratic function subject to linear constraints. url{https://doi.org/10.1002/nav.3800030110}

bibitem{MarkLechman2019} Mark, A., and Lechman, E. (2019). Exchange-Traded Funds: Concepts and Contexts. Exchange-Traded Funds in Europe, pp.7-59.

bibitem{MarkzLechman2019} Mark, A., and Lechman, E.,( 2019). New technologies and diffusion of innovative financial products: Evidence on exchange-traded funds in selected emerging and developed economies. Journal of Macroeconomics, 62, p.103064.

bibitem{MassaSimonov2005} Massa, M., & Simonov, A. (2005). Behavioral biases and investment. Review of Finance, 9(4), 483-507. 

bibitem{Michaud1989} Michaud R. (1989). The Markowitz Optimization Enigma is `Optimized' Optimal? Financial Analysis Journal. Retrieved from. url{https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2387669}

bibitem{Nam2018} Nam, J., (2017).Market accessibility, corporate bond ETFs, liquidity. Working paper, Southern Methodist University.

bibitem{Roy1952} Roy, Arthur D. (1952). ``Safety First and the Holding of Assets.'' Econometrica. 20 (July): 431–450. DOI:10.2307/1907413.

bibitem{Saglametal2018} Saglam, Mehmet, Tuzun T, and Russ W. (2018). Do ETFs increase liquidity, working paper, University of Maryland

bibitem{Scott2019}  Scott,G.(2019).House Money Effect, Retrieved from. url{https://www.investopedia.com/terms/h/house-money-effect}.

bibitem{Segal2019} Segal,T.(2019).Advantages and Disadvantages of ETFs.Retrieved from url{https://www.investopedia.com/articles/exchangetradedfunds/11/advantages-disadvantages-etfs.asp}

bibitem{SherfinStatman1985} Shefrin, H., and  Statman, M. (1985).  ``The disposition to sell winners too early and ride losers too long: Theory and evidence,'' The Journal of Finance, vol. 40, no. 3, pp. 777-790.

bibitem{SherfinStatman2000} Sherfin, H., and  Statman M.(2000).Behavioral Portfolio Theory. The Journal of Financial and Quantitative Analysis, Vol. 35, No. 2 (Jun. 2000), pp. 127 -151. Retrieved from. url{ttp://www.jstor.org/stable/2676187}

bibitem{Smith2019} Smith, L. (2019). Modern Portfolio Theory vs. Behavioral Finance. Retrieved from.  url{https://www.investopedia.com/articles/investing/041213/modern-portfolio-theory-vs-behavioral-finance.asp}

bibitem{ShapiraVenezia2001} Shapira,  Z. and Venezia, I. (2001). ``Patterns of  behavior of professionally managed and independent investors,'' Journal of Banking and Finance, vol. 25, no. 8, pp. 1573-1587,  

bibitem{SherfinStatman1985} Shefrin, H.  and Statman, M. (1985).  ``The disposition to sell winners too early and ride losers too long: Theory and evidence,'' The Journal of Finance, vol. 40, no. 3, pp. 777-790,. 

bibitem{Sherfin2008} Sherfin, H. (2008). SP/A Theory. A Behavioral Approach to Asset Pricing (pp.429-436). Retrieved from.DOI: 10.1016/B978-012374356-5.50029-2

bibitem{Siewetal2015} Siew, L., Jarman, S. and Ismail, H., (2015). The Impact of Human Behaviour Towards Portfolio Selection in Malaysia. Procedia - Social and Behavioral Sciences, 172, pp.674-678.

bibitem{Subrahmanyam1991} Subrahmanyam, A., (1991), A theory of trading in stock index futures, Review of Financial Studies, Vol. 4, 17-51. 

bibitem{Telser1955} Telser, L. G. (1955). Safety First and Hedging. The Review of Economic Studies, 23(1), 1–16. url{https://sci-hub.tw/https://doi.org/10.2307/2296146}.

bibitem{ThalerJohnson1990} Thaler, J, Richard H.; Johnson, Eric J. (1990).  Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes  On  Risky Choice Management Science;36, 6; ABI/INFORM Global  pg. 643
 
bibitem{TuckerLaipply2013} Tucker, M., and  Laipply, S. (2013). Bond Market Price Discovery: Clarity through the lens of an exchange. . Journal of Portfolio Management, Volume 39, No. 2. pp 49-62.

bibitem{UnitedStatesSecurityExchangeCommission} U.S. Securities & Exchange Commission. (2020). ``Investor Bulletin: Exchange-Traded Funds (ETFs),'' Page 2. 

bibitem{Wangetal2018} Wang, J., H. Zhang, and X. Zhang, (2018), Fire sales and liquidity provision in the corporate bond market, working paper, url{ssrn.com/abstract_id=2644098}.

bibitem{OrtecFinance2018} N/A. (2018). Advancements in Modern Portfolio Theory. Retrieved From url{https://www.ortecfinance.com/en/insights/blog/advancements-in-modern-portfolio-theory?fbclid=IwAR1ruMm2tNdAnZmUCt8gXrvT1Tl9RQIi2T9eppBgW1PL-p7k0zQvPDhcZ_c}

end{thebibliography}
    
end{document}

Answered by Mico on February 19, 2021

Add your own answers!

Ask a Question

Get help from others!

© 2024 TransWikia.com. All rights reserved. Sites we Love: PCI Database, UKBizDB, Menu Kuliner, Sharing RPP