Applying the theory of statistical physics systems – the voter model, a random stock price model is modeled and studied in this paper, where the voter model is a continuous time Markov process. In this price model, for the different parameters values of the intensity λ, the lattice dimension...

This paper is a part of the report Business Development of the Overseas Chinese – The Case of Four East Asian Countries sponsored by the National Science Foundation of China. In past years, research on overseas Chinese business has risen all over the world. The overseas Chinese who amount to...

Dependence modeling plays a critical role in pricing and hedging multi-asset derivatives and managing risks with a portfolio of assets. With the emerge of structured products, it has attracted considerable interest in using multivariate Levy processes to model the joint dynamics of multiple...

Calcined dolomite is a good catalyst in terms of its activity for gasification of residue derived from biomass hydrolysis for hydrogen production, whereas its fragility can cause trouble during operation. A novel modification method aimed at improving the strength of the calcined dolomite has...

This paper embeds security design in a model of evolutionary learning. We consider a competitive and perfect financial market where agents, as in Allen and Gale (1988), have heterogeneous valuations for cash flows. Our point of departure is that, instead of assuming that agents are endowed with...

Using data from China's individual health-insurance market, we study the problem of information asymmetry. Our preliminary results appear to contradict standard-model predictions, showing that higher-risk buyers are more likely to purchase "additional" insurance than lower-risk buyers, but that...

Deriving accurate interval weights from interval fuzzy preference relations is key to successfully solving decision making problems. Xu and Chen (2008) proposed a number of linear programming models to derive interval weights, but the definitions for the additive consistent interval fuzzy...

This report uses evidence-based standards developed by the What Works Clearinghouse to review the research literature on programs that help students with disabilities make transitions after high school. Community-based work programs had mixed effects on employment and potentially positive...

In this paper, we study the anomalous diffusion of a particle in an external force field whose motion is governed by nonrenewal continuous time random walks with memory. In our models, the waiting time involves Riemann–Liouville fractional derivative or Riemann–Liouville fractional integral....

In order to set up the digitization indices system of appearance quality of flue-cured tobacco leaves in Qujing. According to the relevant standards, the quantitative analysis on appearance quality of 39 central and upper tobacco samples which were collected from eight flue-cured tobacco...