Learning How to Invest when Returns are Uncertain. Working paper (2003)
Most asset returns are uncertain, not merely risky: investors do not know the probabilities of different possible future returns. A large body of evidence suggests that investors are averse to...
Typescript (photocopy)
Nuclear magnetic resonance and its use as an imaging process /--by Thomas A. Knox. (1980)
Thesis (M.S.)--Marquette University, 1980.
Underwater Options and the Dynamics of Executive Pay-to-Performance Sensitivities
We empirically analyze the dynamics of executives' pay-to-performance sensitivities. Option pay-to-performance sensitivities become weaker as options fall underwater, often leading to pressures to...
We analyze and explore option fragility, the notion that option incentives are fragile due to their non-linear payoff structure. Option incentives become weaker as options fall underwater, leading to...