This paper extends the model with narrow framing suggested by Barberis and Huang (2009) to also account for probability weighting and a convex-concave value function in the specification of cumulative prospect theory preferences on narrowly framed assets. We show that probability weighting is...

Keywords: Dynamic Modeling, Snowplows, Multi-Unit Vehicles, Icepack Impacts, Braking Control, Steering Control.

This document constitutes a final report for MOU 39. It contains a User's Manual, Programmer's Guide, source code and underlying theory for the program MEDUSA. This program is capable of simulating both the normative driving dynamics and collision dynamics of an arbitrary number of vehicles. Its...

This paper presents a regionally disaggregated computable general equilibrium (CGE) model of Mexico in order to examine the differential effects of external shocks across the regions. The model demonstrates how the internal migration regime is affected by exogenous changes in the presence of...

This paper provides a brief survey of the bootstrap and its use in econometrics. As an introduction, the paper gives a description of the basics of the method, with a special emphasis on boostrap testing. A fairly large amount of space is devoted to discuss why bootstrap tests provide...

This paper provides a brief survey of the bootstrap and its use in econometrics. As an introduction, the paper gives a description of the basics of the method, with a special emphasis on boostrap testing. A fairly large amount of space is devoted to discuss why bootstrap tests provide...

Markowitz's mean-variance (MV) efficient portfolio selection is one of the most widely used approaches in solving portfolio diversification problem. However, contrary to the notion of diversification, MV approach often leads to portfolios highly concentrated on a few assets. Also, this method...

This report describes a procedure for detecting the geometry of the contact interface between vehicles. This technique uses a better approximation of the vehicle's shape and also preserves the advantage of the ellipsoidal model. This new model for the low relative velocity vehicular collision is...