In the immediate future, intergenerational knowledge transfer is one of the knowledge-based economy’s main challenges since an inner motivational force powers knowledge transfer. Knowledge transfer from individuals to groups and organization must follow knowledge creation in order to transform...

A behavioral algorithm for optimization - Repetitive Stochastic Guesstimation (RSG) - is adapted, with complete proofs for its global convergence, for estimating parameters in a GARCH(1,1) model, based on a very small number of observations. Estimators delivered by this algorithm for the example...

This paper shows that, in case of an econometric model with a high sensitivity to data, using stochastic optimization algorithms is better than using classical gradient techniques. In addition, we showed that the Repetitive Stochastic Guesstimation (RSG) algorithm –invented by Charemza-is...

In the immediate future, intergenerational knowledge transfer is one of the knowledge-based economy’s main challenges since an inner motivational force powers knowledge transfer. Knowledge transfer from individuals to groups and organization must follow knowledge creation in order to transform...

This paper discusses the adequacy of a generalization of Saaty’s 1-9 scale proposed by Liang at all (2008) in the attempt to identify individual scales. Several surveys in completely different areas were conducted on different topics. Comparisons among the consistency index-as a measure of a...

The scope of this article is to discuss the dynamics of formatting customer expectations in financial services-under two models for assessing cumulative learning in customer expectations. The first model is a classical Bayesian one, the second model is an entirely new application of the...