In this paper, we present a framework for the development of on-chain forwards (and futures). This utilizes smart contracts to automate the custody of collateral and settlement of payouts on expiry. Importantly, our framework also enables forwards to be traded without counter party risk or...

This textbook introduces readers to essential tools, techniques and methods for intertemporal and strategic modeling in economics. It presents a variety of analytical models covering both dynamic processes and strategic interaction. Students will learn the basic mechanisms associated with the...

Social media represents a substantially new way of communicating with customers. Whereas marketers used to spread their messages without receiving any direct feedback or reactions, customers now have the possibility to instantly reply to companies' communication efforts. Adapting to altered...

This book is an exploration of the ubiquity of ambiguity in decision-making under uncertainty. It presents various essays on behavioral economics and behavioral finance that draw on the theory of Black Swans (Taleb 2010), which argues for a distinction between unprecedented events in our past...

This book examines relationships between pairwise comparisons matrices. It first provides an overview of the latest theories of pairwise comparisons in decision making, discussing the pairwise comparison matrix, a fundamental tool for further investigation, as a deterministic matrix with given...