This dissertation includes three research articles on the portfolio risks of private investors. In the first article, we analyze a large data set of private banking portfolios in Switzerland of a major bank with the unique feature that parts of the portfolios were managed by the bank, and parts were advisory portfolios. To correct the heterogeneity of individual investors, we apply a mixture model and a cluster analysis. Our results suggest that there is indeed a substantial group of advised individual investors that outperform the bank managed portfolios, at least after fees. However, a simple passive strategy that invests in the MSCI World and a risk-free asset significantly outperforms both the better advisory and the bank managed portfolios. The new regulation of the EU for financial products (UCITS IV) prescribes Value at Risk (VaR) as the benchmark for assessing the risk of structured products. The second article discusses the limitations of this approach and shows that, in theory, the expected return of structured products can be unbounded while the VaR requirement for the lowest risk class can still be satisfied. Real-life examples of large returns within the lowest risk class are then provided. The results demonstrate that the new regulation could lead to new seemingly safe products that hide large risks. Behavioral investors who choose products based only on their official risk classes and their expected returns will, therefore, invest into suboptimal products. To overcome these limitations, we suggest a new risk-return measure for financial products based on the martingale measure that could erase such loopholes. Under the mean-VaR framework, the third article discusses the impacts of the underlying's first four moments on the structured product. By expanding the expected return and the VaR of a structured product with its underlying moments, it is possible to investigate each moment's impact on them, simultaneously. Results are tested by Monte Carlo simulation and historical simulation. The findings show that for the majority of structured products, underlyings with large positive skewness are preferred. The preferences for variance and for kurtosis are ambiguous.

Hartmann von Aue hat das Präteritum des Verbs "komen" in seinem Frühwerk 'Erec' und noch am Anfang seines letzten Werks 'Iwein' häufig, nach dessen ersten tausend Versen aber kaum mehr gereimt. Vom Standpunkt der einschlägigen Forschung aus soll Hartmann Reime mit seinen alemannischen Formen "kam", "kâmen" und "kæme(n)" nun aus Rücksicht auf denjenigen Dialektraum gemieden haben, in dem die schwer zu reimenden Formen "kom", "kâmen" und "kæme(n)" heimisch waren und den man somit am ehesten als den bairischen identifiziert hat. Die vorliegende Arbeit befasst sich mit diesem für den Etablierungsprozess der Literatursprache um 1200 relevanten Befund der traditionellen mittelhochdeutschen Reimuntersuchungen. Nach einem Referat über die bisherigen Forschungsergebnisse wird zunächst beobachtet, dass der späte Hartmann im Unterschied zu seinen beiden ebenfalls das Präteritum von "komen" vereinzelt reimenden Vergleichsgrößen Wolfram von Eschenbach und Wirnt von Grafenberg die entsprechenden Reimtypen "-am", "-âmen" und "-æme(n)" überhaupt nur selten oder nie benutzt hat. Der folgende Hauptteil behandelt das Vorkommen der präteritalen Formen von "komen" und ihrer gängigen Reimpartner (vor allem der entsprechenden Formen weiterer drei Verben derselben Ablautreihe "nëmen", "vernëmen" und "zëmen" und von Adjektiven auf "-sam") in den Werken der drei Dichter sowie in vier Werken von Hartmanns noch bedenkenlos "quam" / "kam" usw. reimenden Vorgängern und Zeitgenossen ('Straßburger Alexander', Heinrichs von Veldeke 'Eneit', Ulrichs von Zatzikhoven 'Lanzelet' und Gottfrieds von Straßburg 'Tristan') ausführlich, indem u. a. die Verhältnisse im Versinnern mit berücksichtigt werden. Die Untersuchungen haben ergeben, dass das Seltenerwerden oder Verschwinden der besagten Reimtypen beim späten Hartmann mit der Umsetzung seines Stilideals wie der prosaischen Wortstellung nur bis zu einem gewissen Grade begründet werden kann: Nach den festgestellten Verhältnissen hat er offenbar tatsächlich das Reimen mit seinen "kam"-Formen gemieden, und zwar wahrscheinlich erst allmählich. Das zentrale Ergebnis der vorliegenden Arbeit besteht in der durch eine Reihe von Häufigkeitstabellen und durch eine umfassende Belegpräsentation in den Anhängen abgesicherten Beobachtung, dass der späte Hartmann dem neuen Trend zum Nichtreimen der präteritalen Formen von "komen" vorausgegangen ist, sein eigentlich damit gut vereinbares neues Stilideal aber, vermutlich wegen des überwältigenden Einflusses Wolframs, ohne unmittelbare Nachfolge geblieben ist.

Stress has been considered one of the most relevant factors promoting aggressive behavior. Animal and human pharmacological studies revealed the stress hormones corticosterone in rodents and cortisol in humans to constitute a particularly important neuroendocrine determinate in facilitating aggression and beyond that, assumedly in its continuation and escalation. Moreover, cortisol-induced alterations of social information processing, as well as of cognitive control processes, have been hypothesized as possible influencing factors in the stress-aggression link. So far, the immediate impact of a preceding stressor and thereby stress-induced rise of cortisol on aggressive behavior as well as higher-order cognitive control processes and social information processing in this context have gone mostly unheeded. The present thesis aimed to extend the hitherto findings of stress and aggression in this regard. For this purpose two psychophysiological studies with healthy adults were carried out, both using the socially evaluated-cold pressor test as an acute stress induction. Additionally to behavioral data and subjective reports, event related potentials were measured and acute levels of salivary cortisol were collected on the basis of which stressed participants were divided into cortisol-responders and "nonresponders. Study 1 examined the impact of acute stress-induced cortisol increase on inhibitory control and its neural correlates. 41 male participants were randomly assigned to the stress procedure or to a non-stressful control condition. Beforehand and afterwards, participants performed a Go Nogo task with visual letters to measure response inhibition. The effect of acute stress-induced cortisol increase on covert and overt aggressive behavior and on the processing of provoking stimuli within the aggressive encounter was investigated in study 2. Moreover, this experiment examined the combined impact of stress and aggression on ensuing affective information processing. 71 male and female participants were either exposed to the stress or to the control condition. Following this, half of each group received high or low levels of provocation during the Taylor Aggression Paradigm. At the end of the experiment, a passive viewing paradigm with affective pictures depicting positive, negative, or aggressive scenes with either humans or objects was realized. The results revealed that men were not affected by a stress-induced rise in cortisol on a behavioral level, showing neither impaired response inhibition nor enhanced aggressive behavior. In contrast, women showed enhanced overt and covert aggressive behavior under a surge of endogenous cortisol, confirming previous results, albeit only in case of high provocation and only up to the level of the control group. Unlike this rather moderate impact on behavior, cortisol showed a distinct impact on neural correlates of information processing throughout inhibitory control, aggression-eliciting stimuli, and emotional pictures for both men and women. At this, stress-induced increase of cortisol resulted in enhanced N2 amplitudes to Go stimuli, whereas P2 amplitudes to both and N2 to Nogo amplitudes retained unchanged, indicating an overcorrection and caution of the response activation in favor of successful inhibitory control. The processing of aggression-eliciting stimuli during the aggressive encounter was complexly altered by stress differently for women and men. Under increased cortisol levels, the frontal or parietal P3 amplitude patterns were either diminished or reversed in the case of high provocation compared to the control group and to cortisol-nonresponders, indicating a desensitization towards aggression-eliciting stimuli in males, but a more elaborate processing of those in women. Moreover, stress-induced cortisol and provocation jointly altered subsequent affective information processing at early as well as later stages of the information processing stream. Again, increased levels of cortisol led opposite directed amplitudes in the case of high provocation relative to the control group and cortisol-nonresponders, with enhanced N2 amplitudes in men and reduced P3 and LPP amplitudes in men and women for all affective pictures, suggesting initially enhanced emotional reactivity in men, but ensuing reduced motivational attention and enhanced emotion regulation in both, men and women. As a result, these present findings confirm the relevance of HPA activity in the elicitation and persistence of human aggressive behavior. Moreover, they reveal the significance of compensatory and emotion regulatory strategies and mechanisms in response to stress and provocation, indorsing the relevance of social information and cognitive control processes. Still, more research is needed to clarify the conditions which lead to the facilitation of aggression and by which compensatory mechanisms this is prevented.

This study focuses on the representation of British South Asian identities in contemporary British audiovisual media. It attempts to answer the question, whether these identities are represented as hybrid, heterogeneous and ambivalent, or whether these contemporary representations follow in the tradition of colonial and postcolonial racialism. Racialised depictions of British South Asians have been the norm not only in the colonial but also in the postcolonial era until the rise of the Black British movement, whose successes have been also acknowledged in the field of representation. However these achievements have to be scrutinized again, especially in the context of the post 9/11 world, rising Islamophobia, and new forms of institutionalized discrimination on the basis of religion. Since the majority of British Muslims are of South Asian origin, this study tries to answer the question whether the marker of religious origin is racial belonging, i.e. skin colour, and old stereotypes associated with the racialised representation are being perpetuated into current depictions through an examination of the varied genre of popular audio visual media texts.

A sustainable development of forests and their ecosystem services requires the monitoring of the forests" state and changes as well as the prediction of their future development. To achieve the latter, eco-physiological forest growth models are usually applied. These models require calibration and validation with forestry reference data. This data includes forest structural parameters such as tree height or stem diameter which are easy to measure and can be used to estimate the core model parameters, i.e. the tree- biomass pools. The methods traditionally applied to derive the structural parameters are mainly manual and time-consuming. Hence, the in situ data acquisition is inefficient and limited in its ability to capture the vertical and horizontal variability in stand structure. Ground-based remote sensing bears the potential to overcome the limitations of the traditional methods. As they can be automated, ground-based remote sensing methods allow a much more efficient data acquisition and a larger spatial coverage. They are also able to capture forest structure in its three dimensions. Nevertheless, at present further research is required, in particular with respect to the practical integration of ground-based remote sensing data into forest growth models as well as regarding factors influencing the structural parameter retrieval from this data. Therefore, the goal of this PhD thesis was to investigate the influencing factors of two ground-based remote sensing methods (terrestrial laser scanning and hemispherical photography), which have not or only scarcely been studied to date. In addition, the use of forest structural parameters derived from these methods for the calibration of a forest growth model was assessed. Both goals were achieved. The results of this thesis could contribute significantly to a comprehensive assessment of ground-based remote sensing and its potential to derive the forest structural parameters. However, the use of these methods to calibrate forest growth models proved to be limited. An optimized data sampling design is expected to eliminate the major limitations, though. Furthermore, the combination of ground-based, airborne, and satellite remote sensing sensors was suggested to provide an optimized framework for the general integration of remotely sensed data into forest growth models. This combination of remote sensing observations at different scales will contribute greatly to a modern forest management with the purpose of warranting a sustainable forest development even under growing economic and ecological pressures.