The concept of “relatively absolute absolutes” (RAAs) combines elements of moral relativism and absolutism, allowing societies to maintain rules and norms while still questioning their validity. RAAs suggest adherence to existing conventions until there is strong evidence for change, placing...

This paper conducts a Bayesian assessment of a New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model in the context of Sierra Leone's economy by l utilising quarterly data from 2011 to 2022. It examines how monetary policy, demand shocks, and cost-push shocks affect selected...

This chapter examines the critical challenge of uncertainty in risk management, a persistent issue for organizations operating in dynamic and complex environments. It explores the strategic integration of Artificial Intelligence (AI) with risk management processes, focusing on Bayesian Networks...

We utilize Bayesian model averaging to estimate a stochastic discount factor (SDF) for single-stock options. A Bayesian model averaging SDF outperforms reduced-form benchmark models in-sample and out-of-sample in pricing option return anomalies and portfolios. We document that the SDF is dense...

Visualizations are ubiquitous in today's manufacturing operations, whether in the form of time series, scatter plots, flow charts, or dashboards. Managers, engineers, and shop-floor workers use visualizations to understand and act on production data for monitoring, problem solving, decision...

The behavioral theory of the firm explains how firms react to performance feedback, yet little is known about how firms integrate backward-looking feedback with forward-looking assessments of market opportunity. This study proposes and tests a retrenchment model grounded in SWOT-based behavioral...

This article develops a behavioural approach to the principle of judicial independence. It argues that implementing the proposed approach can help to safeguard judicial independence more effectively. It addresses the question of what a behaviour-related concept of judicial independence should...

This paper aims to develop an ecological macroeconomic model for the Danish economy that can link the economic and financial system with some key aspects of the climate. To do so, we combine Stock-flow-Consistent approach (SFC) with Input-Output tables (IO) to build a hybrid model, which we call...

A class of generalized ARMA models with an identity link function and a conditional beta prime (BP-ARMA) distribution is proposed for modeling positive time series. Sufficient and necessary conditions for the existence of an ergodic stationary BP-ARMA process having finite moments are first...

This paper explores the spatial patterns associated with large-scale relocation events in the European Union. It examines both relocation within national borders and delocalisation across countries, using data from 2002 to 2023 at the NUTS2 level. The study draws on Eurofound's European...