This note's aim is to investigate the sensitivity of Christakis and Fowler's claim (NEJM July 26, 2007) that obesity has spread through social networks. It is well known in the economics literature that failure to include contextual effects can lead to spurious inference on social network...

We study the topological properties of the information transfer networks (ITN) of the global financial market indices for six different periods. ITN is a directed weighted network, in which the direction and weight are determined by the transfer entropy between market indices. By applying the...

Clemen and Winkler (1985) have described the theoretical effectiveness of Winkler's (1981) formula for optimally combining forecasts. The optimality of Winkler's formula is, however, contingent on actually knowing the forecasters' statistical properties, i.e., the variances and covariances of...

This paper proposes a long-term electricity market analysis framework to assess the impacts of the demand response and smart metering infrastructure implementation on market price fluctuations and system reliability. Based on the probabilistic production cost simulation method that has been...

This paper provides a framework to identify and achieve a benchmark portfolio structure for government debt based upon the trade-off between expected debt-service-cost and risk. Using actual Korean government debt data, we empirically derive a medium-term efficient frontier conditional upon the...

This paper uses a new unit commitment model which can simulate the interactions among plug-in hybrid electric vehicles (PHEVs), wind power, and demand response (DR). Four PHEV charging scenarios are simulated for the Illinois power system: (1) unconstrained charging, (2) 3-hour delayed...