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Persistent link: https://www.econbiz.de/10015142186
Exploiting the near-experimental conditions provided by the British Pound market in US Dollars during the Brexit vote of June 23rd, 2016, we unearth a major challenge to the Efficient Market Hypothesis. With a single factor of prior polling information, we show that the Brexit result could have...
Persistent link: https://www.econbiz.de/10011761226
The ongoing SARS-CoV-2 pandemic is stressing the world population, health care system and economies at a level not experienced since WWII or the last “Spanish flu” pandemic of 1918. This shock provides a real-life test of the resilience of human societies, challenging our understanding and...
Persistent link: https://www.econbiz.de/10012219166
We present results on the mortality statistics of the COVID-19 epidemic in a number of countries. Our data analysis suggests classifying countries in five groups, 1) Western countries, 2) East Block , 3) developed South East Asian countries, 4) Northern Hemisphere developing countries and 5)...
Persistent link: https://www.econbiz.de/10012219255
We present a generic new mechanism for the emergence of collective exuberance among interacting agents in a general class of Ising-like models that have a long history in social sciences and economics. The mechanism relies on the recognition that socioeconomic networks are intrinsically...
Persistent link: https://www.econbiz.de/10013202801