• Research

    My interests are in the mathematics of finance and investments analysis. I am also interested in the tactical application of statistics and mathematics to business. My consultancy is Gaji Analytics, in case you are interested in learning more.

    Published Articles

    J. Kale and A. Sheth (2016). Power-Log Optimization and Positively Skewed Option Returns Raise Portfolio Performance and Reduce Risk. Journal of Investing, (forthcoming).

    A. Sheth (2016). The Carrot: Executive Compensation, Risk-Taking and Innovation. Advances in Quantitative Analysis of Finance and Accounting, (forthcoming).

    J. Kale and A. Sheth (2015). Downside Loss Aversion and Portfolio Growth. Journal of Finance and Bank Management, 3(1).

    N. Lam and A. Sheth (2014). Too Much of a Good Thing: The Tipping Point of Employee Voice. Submitted for publication.

    A. Sheth (2012). Hiring, firing and infighting: A tale of two companies.  Computational Economics, 40:131-149.

    A. Sheth, L. Shepp, and O. Palmon (2011). Risk-taking, financial distress, and innovationAcademy of Business Journal: Special Issue on the Global Debt Crisis, 2:5–18, 2011.

    B. Sopher and A. Sheth (2006). A deeper look at hyperbolic discountingTheory and Decision, 60:219–255, 2006.

    Working Papers

    A. Sheth and K. Teeple (2016). Leveraging Herd Behavior in Foreign Exchange Markets. Working Paper.

    J. Kale and A. Sheth (2014). Power-Log Portfolio Optimization for Maximizing Portfolio Growth and Controlling Tail Risk. Working Paper.

    A. Sheth (2013). Incentive Contracts and Innovation: A Stochastic Control Model for Agency CostsWorking Paper.

    A. Duncan and A. Sheth (2013). Markov Chain Modeling for Volatility Regimes. Working Paper.


    A. Sheth. Optimal Operating Strategies Under Stochastic Cash Flows. Lambert Academic Publishing GmbH & Co. KG, 2011.

    Book Chapters

    B. Sopher and A. Sheth. A deeper look at hyperbolic discounting. In M. Abdellaoui, editor, Uncertainty and Risk: Mental, Formal Experimental Representations, volume 41, pages 125–150. Springer, 2007.