Vassar College Digital Library

Vassar Scholarship

Vassar Scholarship, the institutional repository formerly known as Digital Window, reflects the research and scholarly output of the Vassar College community.  It provides access to a variety of collections, including senior theses and projects across a wide range of disciplines.

Limited arbitrage, segmentation, and investor heterogeneity: Why the law of one price so often fails

Publication Date
2003-August-28
Document Type
Department or Program
Document Type
Abstract

There are numerous examples of assets with identical payout streams being priced differently. These violations of the law of one price result from two factors. First, investors have heterogeneous asset valuations so that if two groups of investors trade in...

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The portfolio allocation effects of investor sentiment about the ability of managers to beat the market

Publication Date
2003-February-03
Document Type
Department or Program
Document Type
Abstract

I present a model that can transform discounts on closed-end mutual funds into a measure of investor sentiment about the ability of fund managers to beat the market. This measure of sentiment varies positively with capital flows into actively managed...

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Wanted: Smart Students from Poor Families Neoliberal Multiculturalism & Diversity in the New Racial Capitalism

Publication Date
2014-January-01
Document Type
Department or Program
Document Type
Access Level
Abstract

The primary objective of this senior thesis is to explore how the logics of access, affirmative action, equal opportunity, educational pipelines, and diversity have been constructed, defined, and understood in contemporary U.S. American higher education; and how these meanings and...

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