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Look Inside the Disruptive Digital Transformation in China
Latest overview of China’s macro economy and important government policy drivers behind the digital economy growth. Read More...
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Speculation and Power Law. (arXiv:1612.08705v1 [q-fin.ST])
It is now well established empirically that financial price changes are distributed according to a power law, with cubic exponent. This is a fascinating regularity, as it holds for various classes of...
View ArticleCrisis' Heritage Management - New Business Opportunities Out of the Financial...
This paper intends to present the opportunities emerging for the national economy, out of the financial crisis. In particular the management of those, which arise from the commercial real estate owned...
View ArticleA Proposal to Extend Expected Utility in a Quantum Probabilistic Framework....
Expected utility theory (EUT) is widely used in economic theory. However, its subjective probability formulation, first elaborated by Savage, is linked to Ellsberg-like paradoxes and ambiguity...
View ArticleBayesian Semi-parametric Realized-CARE Models for Tail Risk Forecasting...
A new model framework called Realized Conditional Autoregressive Expectile (Realized-CARE) is proposed, through incorporating a measurement equation into the conventional CARE model, in a manner...
View ArticleUnderstanding the Impacts of Dark Pools on Price Discovery....
This paper investigates the impact of dark pools on price discovery (the efficiency of prices on stock exchanges to aggregate information). Assets are traded in either an exchange or a dark pool, with...
View ArticleA Generalized Population Dynamics Model of a City and an Algorithm for...
Measures of wealth and production have been found to scale superlinearly with the population of a city. Therefore, it makes economic sense for humans to congregate together in dense settlements. A...
View ArticleThe prevalence of chaotic dynamics in games with many players....
We study adaptive learning in a typical p-player game. The payoffs of the games are randomly generated and then held fixed. The strategies of the players evolve through time as the players learn. The...
View ArticleSecuring the Future, Volume 2: Implementing Your Firm's Succession Plan, 2nd...
Is your firm poised for long-term success and viability? Do you even know what that looks like for your firm?read more...
View ArticleSecuring the Future, Volume 1: Building Your Firm's Succession Plan, 2nd Edition
Is your firm poised for long-term success and viability? Do you even know what that looks like for your firm?read more...
View ArticleThe AICPA Audit Committee Toolkit: Private Companies, 2nd Edition
The AICPA Audit Committee Toolkit: Private Companies helps audit committees of private companies at all levels discover best practices for managing and incorporating their role within the organization....
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Distrust Forecasts
Photo Credit: New America || Could only drive through the rear-view mirrorread more...
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Jimmy Kimmel's Take on New Year's Resolutions
I posted this funny video clip from Jimmy Kimmel last year just a few days into the new year. It's worth another look!
View ArticleA Theory of Experience Effects. (arXiv:1612.09553v1 [q-fin.EC])
How do financial crises and stock-market fluctuations affect investor behavior and the dynamics of financial markets in the long run? Recent evidence suggests that individuals overweight personal...
View ArticleThe Industry Supply Function and the Long-Run Competitive Equilibrium with...
The theory of long-run competitive equilibrium (LRCE), first developed by Marshall in the 1890s, has had a profound influence on our understanding of competitive markets. While Marshall referred to the...
View ArticleA spectral method for an Optimal Investment problem with Transaction Costs...
This paper concerns the numerical solution of the finite-horizon Optimal Investment problem with transaction costs under Potential Utility. The problem is initially posed in terms of an evolutive HJB...
View ArticleThe Random Walk behind Volatility Clustering. (arXiv:1612.09344v1 [q-fin.ST])
Financial price changes obey two universal properties: they follow a power law and they tend to be clustered in time. The second regularity, known as volatility clustering, entails some predictability...
View ArticleCan the Central Bank Alleviate Fiscal Burdens? -- by Ricardo Reis
Central banks affect the resources available to fiscal authorities through the impact of their policies on the public debt, as well as through their income, their mix of assets, their liabilities, and...
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