In the popularly used ranking method of peer rating, the exclusion of the evaluations/marks given to oneselves is intuitively appealing and has been actually practiced, since a person/university/country typically is biased in favor of itself. This short paper shows that this apparently...

Brody (1997) notices that for large random Leontief matrices, namely non-negative square matrices with all entries i.i.d., the ratio between the subdominant eigenvalue (in modulus) and the dominant eigenvalue declines generically to zero at a speed of the square root of the size of the matrix as...

No abstract received.

This Note takes a preliminary investigation into the axiomatic measurement of the division of labor. We first introduce a matrix that we refer to as labor specialization matrix (LSM) to describe specialization patterns of individuals, and then present some axioms for reasonable measures of the...

We investigate whether people are influenced to make investment decisions based on random shock signals and to what extent they do so by exploiting a unique data set from a popular Chinese lottery game with over one million observations. We first present evidence that people, as individual...