Since February 2001, the Chinese Securities Regulatory Commission allowed domestic trade in foreign-currency denominated shares (B-shares) whose trade was originally restricted to foreign investors. We investigate possible effects of lifting the ownership restriction on the B-share discounts and...

In this paper, we follow Jegadeesh and Titman's (1993, Journal of Finance) approach to examine 25 momentum/contrarian trading strategies using monthly stock returns in China for the period from 1994 to 2007. Our results suggest that there is no momentum profitability in any of the 25 strategies....

This paper investigates the hypotheses that the recently established Mexican stock index futures market effectively serves the price discovery function, and that the introduction of futures trading has provoked volatility in the underlying spot market. We test both hypotheses simultaneously with...

As industry moves towards many-core chips, networks-on-chip(NoCs) are emerging as the scalable fabric for interconnectingthe cores. With power now the first-order design constraint, earlystageestimation of NoC power has become crucially important.ORION [29] was amongst the first NoC power models...

Recent advances in statistical understanding have focused fisheries research attention on addressing the theoretical and statistical issues encountered in standardizing catch-rate data. Similarly, the present study evaluates the performance of boosted regression trees (BRT), the product of...

The paper outlines an original thinking theory and its applications to economics. The author ascribes the flaws and divisiveness of economics mainly to the lack of a proper theory on how a person thinks. Human thoughts shall be entities, and thinking shall be behaviors, both featuring...

This paper introduces a highly original theory. What is human capital or knowledge theoretically? How do innovations happen? How could microeconomics integrate with macroeconomics? Where do institutions & organizations come from? How to define and endogenize money? How to synthesize...

This paper is a complementary explanation of the World Economics Association (WEA) 2019 “Going Online” conference paper “How Could Cognitive Revolution Happen To Economics? An Introduction to the Algorithm Framework Theory”.

Various“irrationalities” have always been deemed distinct from human reason or “rational thinking”. However, another long-standing view is that“irrationalities” are really some kinds of rationality that just need to be somehow proven. It would be most satisfactory if the proof could...

Prepared as a dictionary entry