Bank Quality, Judicial Efficiency, and Loan Repayment Delays in Italy
ABSTRACT Italian firms delay payment to banks weakened by past loan losses. Exploiting Credit Register data, we fully absorb borrower fundamentals with firmâquarter effects. Identification therefore...
View ArticleClik here to view.
The Globotics Upheaval: Globalization, Robotics and the Future of Work...
The Globotics Upheaval: Globalization, Robotics and the Future of Work. Richard Baldwin. Oxford University Press. 2019. Find this book:Â There is little wonder that the rise of artificial...
View ArticleMathematicians Discover Prime Conspiracy | Quanta Magazine
Mathematicians Discover #Prime Conspiracyhttps://t.co/DmRBgFtPfN pic.twitter.com/v1Zi5bVAaF â RiskDataScience (@RiskDataScience) February 23, 2020
View ArticleUnderstanding Bitcoin Liquidity
Publication date: Available online 22 February 2020Source: Finance Research LettersAuthor(s): Stefan ScharnowskiAbstractThis paper analyzes the evolution of Bitcoin liquidity and its determinants....
View ArticleEfficient Minimum Distance Estimation of Pareto Exponent from Top Income...
We propose an efficient estimation method for the income Pareto exponent when only certain top income shares are observable. Our estimator is based on the asymptotic theory of weighted sums of order...
View ArticleStochastic Dynamic Utilities and Inter-Temporal Preferences....
We propose an axiomatic approach which economically underpins the representation of dynamic preferences in terms of a stochastic utility function, sensitive to the information available to the decision...
View ArticleStability of the indirect utility process. (arXiv:2002.09445v1 [math.PR])
We investigate the dynamic stability of the indirect utility process associated with a (possibly suboptimal) trading strategy under perturbations of the market. Establishing the reverse conjugacy...
View ArticleRegional inequality simulations based on asset exchange models....
To gain insights into the regional inequality problem, we proposed new regional asset exchange models based on existing kinetic income-exchange models in economic physics by setting spatial exchange...
View ArticleVolatility has to be rough. (arXiv:2002.09215v1 [q-fin.MF])
First, we give an asymptotic expansion of short-dated at-the-money implied volatility that refines the preceding works and proves in particular that non-rough volatility models are inconsistent to a...
View ArticleA New Decomposition Ensemble Approach for Tourism Demand Forecasting:...
The Asian-pacific region is the major international tourism demand market in the world, and its tourism demand is deeply affected by various factors. Previous studies have shown that different market...
View ArticleAsymptotic Marginal Propensity to Consume. (arXiv:2002.09108v1 [econ.GN])
We prove that the consumption functions in income fluctuation problems are asymptotically linear if the marginal utility is regularly varying. We also analytically characterize the asymptotic marginal...
View ArticleSector connectedness in the Chinese stock markets. (arXiv:2002.09097v1...
Uncovering the risk transmitting path within economic sectors in China is crucial for understanding the stability of the Chinese economic system, especially under the current situation of the China-US...
View ArticleSustainability and fairness simulations based on decision-making model of...
We introduce a decision-making model based on value functions that include individualistic utility function and socio-constructivistic norm function, and propose a norm-fostering process that...
View ArticleRational choice hypothesis as X-point of utility function and norm function....
Towards the realization of a sustainable, fair and inclusive society, we propose a novel decision-making model that incorporates social norms in a rational choice model from the standpoints of...
View ArticleClik here to view.
Putting sustainable finance into practice
Ensuring that their investment portfolio contribute to the long-term sustainability of the planet is one of the key challenges organisations face today. That means adopting prudent financing and a...
View ArticleClik here to view.
60 Seconds & 360 Degrees
A Primer On The Sexagemisal System (Base-60) StandardContinue reading on Cantorâs Paradise »
View ArticleAvoiding Silver Bullets
By Aaron Filbeck, CFA, CAIA, CIPM â Associate Director, Content Development at CAIA Association Whether itâs that some retail versions of alternative investments have not lived up to their private...
View ArticleWilliam T. Ziemba's Contributions to Portfolio Theory and Practice
Half a century flies by when Bill applies himself to Markowitz's gift that keeps on givingâ¦
View ArticleComputation Graphs for AAD and Machine Learning Part II: Adjoint...
Second in a series of three articles with code, exploring the notion of computation graph, with words, mathematics and code, and application in Machine Learning and finance to compute a vast number of...
View ArticleBridging the Orthodox/Behaviorist Divide
Capital markets are neither knowledge machines nor ships of fools. They are social learners, according to Kent Osband, continually correcting and refining their flawed predictions. Predictions are...
View Article