Stockholm School of Economics

About: Stockholm School of Economics is a education organization based out in Stockholm, Sweden. It is known for research contribution in the topics: Population & Entrepreneurship. The organization has 1186 authors who have published 4891 publications receiving 285543 citations. The organization is also known as: Stockholm Business School & Handelshögskolan i Stockholm.

A note on QALYs, time tradeoff, and discounting.

Abstract: The theoretical model of QALYs is based on risk neutrality with respect to life years or constant proportional risk posture with respect to life years. It is shown that discounting of QALYs is inco...

Rich Pickings? Risk, Return, and Skill in the Portfolios of the Wealthy

Abstract: This paper empirically investigates the portfolios of wealthy households and their implications for the dynamics of inequality. Using an administrative panel of all Swedish residents, we document that returns on financial wealth are on average 4% higher per year for households in the top 1% compared to the median household. These high average returns are primarily compensations for high levels of systematic risk. Abnormal risk-adjusted returns, linked for instance to informational advantages or exceptional investment skill, contribute only marginally to the high returns of the wealthy. Implications for inequality dynamics and public policy are discussed.

Emotional Intelligence: A Psychometric Analysis

Abstract: The paper describes the construction and the construct validation of an extensive test battery for use in the selection process in business and business education. It is based on notions of social competence and emotional intelligence (EI) in broad senses of the terms. Participants were 226 persons who had applied for admittance to the undergraduate program of the Stockholm School of Economics. Many indices were constructed on the basis of their test responses. In a second-order factor analysis, four factors were identified: mental stability, emotional intelligence proper, dominance (including creativity and mental energy), and compulsiveness. These factors were related to emotional skills and to standard personality scales (Big Five, MPI, and Myers-Briggs scales), as well as to scales measuring risk-taking attitudes and variables measuring response styles. It was found that the secondary factors were less subjected to self-presentation bias than the Big Five scales, and that they were about equal to the ...

Household Finance: An Emerging Field

Abstract: Household finance - the normative and positive study of how households use financial markets to achieve their objectives - has gained a lot of attention over the past decade and has become a field with its own identity, style and agenda. In this paper we review its evolution and most recent developments.