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This study is the first of a series of studies, collectively embodying a multiphase mixed methods design. The overall objective of these studies is to explore and address a variety of issues and features of the discipline of economics, particularly as they relate to and represent past present...
Persistent link: https://www.econbiz.de/10015220548
What is the 99% and why does it exist? In this paper an attempt is made to explain why socio-economic unrest remains a modern problem. An effort has to be made to understand the origins of strife in systemic design of modern economics. Without this knowledge it may not be possible to fix the...
Persistent link: https://www.econbiz.de/10015231018
This paper examines the recent evolution of the Australian economics curriculum. First, it examines 2011 survey evidence produced by the Economic Society of Australia that shows that the Australian economics profession wishes to see a broadening and updating of what is taught. These findings are...
Persistent link: https://www.econbiz.de/10015232414
The aim of the paper is the axiomatic justification of the theory of experience and chance, one of the dual halves of … which is the Kolmogorov probability theory. The author’s main idea was the natural inclusion of Kolmogorov’s axiomatics of … probability theory in a number of general concepts of the theory of experience and chance. The analogy between the measure of a …
Persistent link: https://www.econbiz.de/10015257753
In this paper we compare the diversification benefit of portfolios containing excess-of-loss treaties and portfolios containing quota-share treaties, when the risk measure is the (excess) Value-at-Risk or the (excess) Expected Shortfall. In a first section we introduce the set-up under which we...
Persistent link: https://www.econbiz.de/10015258157
In this paper we compare the diversification benefit of portfolios containing excess-of-loss treaties and portfolios containing quota-share treaties, when the risk measure is the (excess) Value-at-Risk or the (excess) Expected Shortfall. In a first section we introduce the set-up under which we...
Persistent link: https://www.econbiz.de/10015258248
The purpose of this paper on the study of Quantitative and Qualitative finance aims to bring forward new innovation in Data Science Methodologies. In this publication a unique equation form… F(x) = A·Sin (x)+ B · Cos (x) + C · Tan (x) + ɸ (n) + M(c) + F(n) Is given to pursue the analysis...
Persistent link: https://www.econbiz.de/10015270606
models in Welfare Economics, General Equilibrium Theory, Information Economics and Game Theory have created the necessity to … integrate the neoclassical theory of free markets and the insti-tutional theory. It argues that while the main goal of economics … capitalism. But they do not happen in a vacuum, institutions are required. It argues that the future of economic theory and …
Persistent link: https://www.econbiz.de/10015214334
Development of an economic situation last 20 years has passed in Latvia through various stages. Including - Post-Soviet re-structuring of demand and closing of industrial giants; development of the economy based on transit; development of craft manufacture, small enterprises and branch of...
Persistent link: https://www.econbiz.de/10015221569
– adjustment model. This work is an extension of the work by Nathan Forrester on the use of basic macroeconomic theory to stabilize …
Persistent link: https://www.econbiz.de/10015227450