Due to increasing interest in sustainable development, today s engineer is often tasked with designing systems that are environmentally benign over their entire life cycles. Unfortunately, environmental assessments commonly suffer from significant uncertainty due to lack of information,...

We begin with the outlining the motivation of this research as there are still so many unanswered research questions on our complex financial and economic systems. The philosophical background and the advances of econometrics and econophysics are discussed to provide an overview of the...

ENGLISH ABSTRACT: This research report investigated whether evidence of volatility clustering exists on the FTSE/JSE Top 40 Index. The presence of volatility clustering has practical implications relating to market decisions as well as the accurate measurement and reliable forecasting of...

We consider the problem of model assessment by risk estimation. Variousapproaches to risk estimation are considered in a uni ed framework. This a discussion of various complexity dimensions and approaches to obtainingbounds on covering numbers is also presented.The second type of training sample...

This paper develops multivariate methods for analyzing (1) effects of socioeconomic variables on the total fertility rate and its components and (2) effects of socioeconomic variables on the trend in the total fertility rate and its components. For the multivariate methods to be applicable, the...

This paper develops multivariate methods for analyzing (1) effects of socioeconomic variables on the total fertility rate and its components and (2) effects of socioeconomic variables on the trend in the total fertility rate and its components. For the multivariate methods to be applicable, the...

This paper develops a simple approximation method for computing equilibrium portfolios in dynamic general equilibrium open economy macro models. The method is widely applicable, simple to implement, and gives analytical solutions for equilibrium portfolio positions in any combination or types of...

In this paper, the authors aim to design a monetary policy for the euro area that is robust to the high degree of model uncertainty at the start of monetary union and allows for learning about model probabilities. To this end, they compare and ultimately combine Bayesian and worst-case analysis...

Рассматриваются теоретические аспекты взаимодействия двух совершенно разных научных дисциплин экономики и математики.