This paper studies corrective strategies for the illusion of delayed incentives (Soman, 1998), the phenomena that money-for-effort transactions that are unattractive in the present appear attractive when they are in the future. This illusion occurs because future effort is discounted more...

State-owned enterprises in China have been given greater autonomy and responsibility, have freer access to foreign technology, and are being encouraged to form groups to gain from rationalization and integration. This article uses case studies to identify the key strategic issues that affect the...

A fundamental issue of applying a copula method in applications is how to choose an appropriate copula function for a given problem. In this article we address this issue by proposing a new copula selection approach via penalized likelihood plus a shrinkage operator. The proposed method selects...

This paper considers a new nonparametric estimation of conditional value-at-risk and expected shortfall functions. Conditional value-at-risk is estimated by inverting the weighted double kernel local linear estimate of the conditional distribution function. The nonparametric estimator of...

Drought is one of the major natural disasters in the Loess Plateau of China. We aimed to reveal drought occurrence regularity, relations between different magnitudes of drought and precipitation intensity changes. Based on Chinese climate divisions and digital elevation model graphs of the Loess...

This paper studies both the average sample-path reward (ASPR) criterion and the limiting average variance criterion for denumerable discrete-time Markov decision processes. The rewards may have neither upper nor lower bounds. We give sufficient conditions on the system’s primitive data and...

This paper studies both the average sample-path reward (ASPR) criterion and the limiting average variance criterion for denumerable discrete-time Markov decision processes. The rewards may have neither upper nor lower bounds. We give sufficient conditions on the system’s primitive data and...