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All Publications

ZORA Publication List

Publications

Journal Article
- 2010
  - Gerber, Anke; Hens, Thorsten; Vogt, Bodo (2010). Rational investor sentiment in a repeated stochastic game with imperfect monitoring. Journal of Economic Behavior & Organization, 76(3):669-704.
- 2009
  - Hens, Thorsten; Steude, Sven C (2009). The leverage effect without leverage. Finance Research Letters, 6(2):83-94.
  - De Giorgi, Enrico; Hens, Thorsten (2009). Prospect theory and mean-variance analysis: Does it make a difference in wealth management?. Investment Management and Financial Innovations, 6(1):122-129.
- 2008
  - Evstigneev, Igor V; Hens, Thorsten; Schenk-Hoppé, Klaus Reiner (2008). Globally evolutionarily stable portfolio rules. Journal of Economic Theory, 140(1):197-228.
- 2007
  - Woehrmann, Peter; Hens, Thorsten (2007). Strategic asset allocation and market timing: a reinforcement learning approach. Computational Economics, 29(3-4):369-381.
  - De Giorgi, Enrico; Mayer, János; Hens, Thorsten (2007). Computational aspects of prospect theory with asset pricing applications. Computational Economics, 29(3-4):267-281.
  - Hens, Thorsten; Schenk-Hoppe, Klaus Reiner; Vogt, Bodo (2007). The great capitol hill baby sitting co-op: Anecdote or evidence for the optimum quantity of money?. Journal of Money, Credit, and Banking, 39(6):1305-1333.
- 2006
  - De Giorgi, Enrico; Hens, Thorsten (2006). Making prospect theory fit for finance. Financial markets and portfolio management, 20(3):339-360.
  - Evstigneev, Igor V; Hens, Thorsten; Schenk-Hoppe, Klaus Reiner (2006). Evolutionary Stable Stock Markets. Economic Theory, 27:449-468.
  - Hens, Thorsten; Herings, P Jean-Jacques; Predtetchinskii, Arkadi (2006). Limits to Arbitrage When Market Participation Is Restricted. Journal of Mathematical Economics, 42(4-5):556-564.
  - Hens, Thorsten; Schenk-Hoppe, Klaus Reiner (2006). Markets Do Not Select for a Liquidity Preference as Behavior Towards Risk. Journal of Economic Dynamics and Control, 30(2):279-292.
- 2005
  - Hens, Thorsten; Schenk-Hoppé, Klaus Reiner (2005). Evolutionary finance: introduction to the special issue. Journal of Mathematical Economics, 41(1-2):1-5.
  - Amir, Rabah; Evstigneev, Igor V; Hens, Thorsten; Schenk–Hoppé, Klaus Reiner (2005). Market selection and survival of investment strategies. Journal of Mathematical Economics, 41(1-2):105-122.
  - Hens, Thorsten; Schenk-Hoppé, Klaus Reiner (2005). Evolutionary stability of portfolio rules in incomplete markets. Journal of Mathematical Economics, 41(1-2):43-66.
- 2004
  - Hens, Thorsten; Pilgrim, Beate (2004). Sunspot equilibria and the transfer paradox. Economic Theory, 24(3):583-602.
  - Hens, Thorsten; Reimann, Stefan; Vogt, Bodo (2004). Nash competitive equilibria and two-period fund separation. Journal of Mathematical Economics, 40(3-4):321-346.
- 2002
  - Hens, Thorsten; Evstigneev, Igor V; Schenk-Hoppé, Klaus Reiner (2002). Market selection of financial trading strategies: global stability. Mathematical Finance, 12(4):329-339.
  - Hens, Thorsten; Laitenberger, Jörg; Löffler, Andreas (2002). Two remarks on the uniqueness of equilibria in the CAPM. Journal of Mathematical Economics, 37(2):123-132.
  - Hens, Thorsten; Schenk-Hoppé, Klaus Reiner; Stalder, Martin (2002). An application of evolutionary finance to firms listed in the Swiss Market Index. Swiss Journal of Economics and Statistics = Schweizerische Zeitschrift für Volkswirtschaft und Statistik, 138(4):465-487.
- 2001
  - Hens, Thorsten (2001). An extension of Mantel (1976) to incomplete markets. Journal of Mathematical Economics, 36(2):141-149.
  - Bettzüge, Marc Oliver; Hens, Thorsten (2001). An evolutionary approach to financial innovation. Review of Economic Studies, 68(3):493-522.
- 2000
  - Bettzüge, Marc Oliver; Hens, Thorsten; Laitenberger, Marta; Siwik, Thomas (2000). On Choquet prices in a GEI-model with intermediation costs. Research in Economics, 54(2):133-152.
  - Hens, Thorsten (2000). Do Sunspots Matter When Spot Market Equilibria are Unique?. Econometrica, 68(2):435-441.
- 1999
  - Hens, Thorsten; Kirman, Alan; Phlips, Luis; Jaeger, Eckart (1999). Exchange rates and oligopoly. European Economic Review, 43(3):621-648.
  - Gottardi, Piero; Hens, Thorsten (1999). Disaggregation of excess demand and comparative statics with incomplete markets and nominal assets. Economic Theory, 13(2):287-308.
- 1998
  - Hens, Thorsten (1998). Financial Intermediation Versus Stock Markets in a Dynamic Intertemporal Model. Journal of Institutional and Theoretical Economics, 154(1):325-327.
- 1997
  - Hens, Thorsten (1997). Stability of tâtonnement processes of short period equilibria with rational expectations. Journal of Mathematical Economics, 28(1):41-67.
  - Hens, Thorsten (1997). Exchange rates and perfect competition. Journal of Economics, 65(2):151-161.
- 1996
  - Gottardi, Piero; Hens, Thorsten (1996). The Survival Assumption and Existence of Competitive Equilibria When Asset Markets are Incomplete. Journal of Economic Theory, 71(2):313-323.
  - Bottazzi, Jean-Marc; Hens, Thorsten (1996). Excess Demand Functions and Incomplete Markets. Journal of Economic Theory, 68(1):49-63.
- 1995
  - Hens, Thorsten; Löffler, Andreas (1995). A Note on Gross Substitution in Financial Markets. Economics Letters, 49(1):39-43.
- 1992
  - Hens, Thorsten (1992). A note on Savage's theorem with a finite number of states. Journal of Risk and Uncertainty, 5:63-71.
Book Section
- 2020
  - Hens, Thorsten (2020). Will the Blockchain help to Denationalize Money?. In: Leube, Kurt. The State and Its Limits : The Economic and Politics of Freedom for the Third Millennium: Essays in Honor of Prince Hans-Adam II of Liechtenstein. Triesen, Liechtenstein: van Eck Publishers, n/a.
- 2017
  - Hens, Thorsten; Sethe, Rolf (2017). Die Bestimmung der Angemessenheit und der Geeignetheit von Finanzdienstleistungen und Finanzinstrumenten. In: Weber, Rolf H; Stoffel, Walter A; Chenaux, Jean-Luc; Sethe, Rolf. Aktuelle Herausforderungen des Gesellschafts- und Finanzmarktrechts: Festschrift für Hans Caspar von der Crone zum 60. Geburtstag. Zürich: Schulthess Verlag, 589-618.
- 2016
  - Hens, Thorsten (2016). Evolutionary Finance. In: Leube, Kurt R. An Enterprising, Liberal and generous Mind. Fürstentum Liechtenstein: van Eck Verlag, 61-67.
  - Hens, Thorsten; Axtell, Robert; Kirman, Alan; Couzin, Iain D; Fricke, Daniel; Hochberg, Michael E; Mayfield, John E; Schuster, Peter; Sethi, Rajiv (2016). Challenges of integration complexity and evolution into economics. In: Wilson, David S; Kirman, Alan. Complexity and Evolution - Toward a New Synthesis for Economics. Cambridge, Massachusetts: MIT, 65-81.
  - Evstigneev, Igor; Hens, Thorsten; Schenk-Hoppé, Klaus Reiner (2016). Evolutionary behavioural finance. In: Haven, Emmanuel; Molyneux, Philip; Wilson, John; Fedotov, Sergei; Duygun, Meryem. The Handbook of Post Crisis Financial Modelling. London: Palgrave Macmillan UK, 214-234.
- 2013
  - Hens, Thorsten (2013). Anlegerschutz und Behavioral Finance. In: Zobl, D; Giovanoli, M; Weber, R; Sethe, Rolf. Anlegerschutz im Finanzmarktrecht kontrovers diskutiert. Zürich, Basel und Genf: Schulthess Verlag, 1-12.
  - Brune, Amelie (2013). Experimentelle Ökonomie und Finanzmarktregulierung. In: Hens, Thorsten; Sethe, Rolf; Von der Crone, Hans Caspar; Weber, Rolf H. Anlegerschutz im Finanzmarktrecht kontrovers diskutiert. Zürich: Schulthess Verlag, 13-24.
- 2011
  - Hens, Thorsten (2011). Speculative Bubbles - A Neo Austrian Perspective. In: Leube, Kurt. Economics, Politics, Philosophy, and the Arts. Essays in Honor of H.S.H. Prince Philipp of Liechtenstein. Liechtenstein: van Eck Verlag, 31-40.
  - Hens, Thorsten; Schenk-Hoppé, Klaus Reiner; Evstigneev, Igor V (2011). Survival and evolutionary stability of the Kelly rule. In: MacLean, Leonard C; Thorp, Edward O; Ziemba, William T. The Kelly Capital Growth Investment Criterion: Theory and Practice. Singapore: World Scientific Publishing, 273-284.
- 2010
  - Hens, Thorsten; Bachmann, Kremena (2010). Behavioural Finance and Investment Advice. In: Brian, Bruce. Handbook on Behavioural Finance. UK: Edward Elgar Publishing, 301-321.
- 2005
  - Hens, Thorsten; Mayer, Janos; Pilgrim, Beate (2005). Existence of Sunspot Equilibria and Uniqueness of Spot Market Equilibria: The Case of Intrinsically Complete Markets. In: Citanna, Alessandro; Donaldson, John; Polemarchakis, Herakles; Siconolfi, Paolo; Spear, Stephen. Essays in Dynamic General Equilibrium Theory : Festschrift for David Cass. Berlin: Springer (Bücher), 75-106.
- 2004
  - Hens, Thorsten; Schenk-Hoppe, Klaus Reiner (2004). Survival of the Fittest on Wall Street. In: Lehmann-Waffenschmidt, Marco; Ebner, Alexander; Fornahl, Dirk. Institutioneller Wandel, Marktprozesse und dynamische Wirtschaftspolitik : Perspektiven der Evolutorischen Ökonomik. Marburg: Metropolis, 339-370.
- 2001
  - Hens, Thorsten (2001). A theoretical analysis of the mean Slutsky-income effect in the CAPM. In: Debreu, Gérard; Neuefeind, Wilhelm; Trockel, Walter. Economics Essays : a Festschrift for Werner Hildenbrand. Berlin: Springer, 201-212.
- 1999
  - Hens, Thorsten; Schmedders, Karl; Voss, Beate (1999). On multiplicity of competitive equilibria when financial markets are incomplete. In: Herings, P Jean-Jacques; van der Laan, Gerard; Talman, Dolf. The Theory of Markets. Amsterdam: North-Holland (Elsevier), 165-191.
- 1998
  - Hens, Thorsten (1998). Incomplete markets. In: Kirman, Alan. Elements of general equilibrium analysis. Oxford: Blackwell Publishers, 139-210.
Conference or Workshop item
- 2012
  - Brune, Amelie; Hens, Thorsten (2012). Experimental Economics and Financial Market Regulation. In: Internal seminar at the Royal Ministry of Finance, Norway, Oslo, Norway, 24 September 2012.
- 2000
  - Keil, Thomas; Fomin, Vladislav (2000). Standardization: bridging the gap between economic and social theory. In: International Conference on Information Systems, Brisbane, 10 December 2000 - 13 December 2000. ICIS, 206-217.
Dissertation
- 2024
  - Meisser, Luzius. Essays in decentralized finance. 2024, University of Zurich, Wirtschaftswissenschaftliche Fakultät.

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