VARs are often estimated with Bayesian techniques to cope with model dimensionality. The posterior means define a class of shrinkage estimators, indexed by hyperparameters that determine the relative weight on maximum likelihood estimates and prior means. In a Bayesian setting, it is natural to...

"Investment Valuation by Aswath Damodaran is an essential guide for understanding valuation techniques amid evolving market conditions. This updated third edition covers a wide range of valuation models, including real options, start-ups, distressed companies, and private equity. It incorporates...

"*Quantitative Portfolio Optimization: Advanced Techniques and Applications* offers a comprehensive exploration of portfolio optimization, tracing its evolution from Harry Markowitz's Modern Portfolio Theory to contemporary techniques. The book combines foundational models like CAPM and...

"Containing many results that are new, or which exist only in recent research articles, this thoroughly revised third edition of Interest Rate Modeling: Theory and Practice, Third Edition portrays the theory of interest rate modeling as a three-dimensional object of finance, mathematics, and...

Surrogate modeling can overcome computational and data-privacy constraints of micro-scale economic models and support their incorporation into large-scale simulations and interactive simulation experiments. We compare four data-driven methods to reproduce the aggregated crop area response...