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and to discuss the implications for economic theory with respect to market efficiency and option pricing. …
Persistent link: https://www.econbiz.de/10015262728
stylized facts and the implications of these alternative diffusion processes on economic theory with respect to market …
Persistent link: https://www.econbiz.de/10015269256
This research attempts a theoretical and quantitative analysis of authoritarian regimes enduring in the developing countries. We attempt computer visualization of the model developed by Acemoglu and Robinson in order to derive an empirical hypothesis easily. There is a reason for us to accept...
Persistent link: https://www.econbiz.de/10015217877
Prezenta lucrare abordează un segment al problematicii complexe cu privire la procesul de luare a deciziilor. Odată cu dezvoltarea tehnologiilor informațioanle s-au dezvoltat și implementat sistemele suport de decizie (DSS) care au devenit din ce în ce mai performante și au fost...
Persistent link: https://www.econbiz.de/10015270031
We build a model where introspection matters - i.e., people rationally form expectations about others using the lens of their own attitudes. Since trustworthy individuals are more "optimistic" about people than opportunists, they are less afraid to engage in market-based exchanges, where they...
Persistent link: https://www.econbiz.de/10015217498
This is an introductory work to trade automatization of the futures market, so far operated by human traders. We are not focusing on maximizing individual profits of any trader as done in many studies, but rather we try to build a stable electronic trading system allowing to obtain a fair price,...
Persistent link: https://www.econbiz.de/10015225314
Giving attorneys more power in the voir dire (jury selection) process may allow them to 1) find grounds for dismissal of jurors whom they wish to strike on a priori grounds; 2) acquire information that enables them to identify favorably-inclined jurors more precisely; or both. Attorneys who are...
Persistent link: https://www.econbiz.de/10015230338
information with actors who exhibit risk aversion. In this paper we develop a game theory model that analyzes the negotiation of …
Persistent link: https://www.econbiz.de/10015231249
-run by expected utility maximisers with the share they would receive if their preferences were described by prospect theory … condition for individuals to obtain a higher share of the pie if their preferences obey prospect theory rather than expected … utility. I decompose the effect that the three features that characterise prospect theory preferences -- reference point …
Persistent link: https://www.econbiz.de/10015261782
We consider a continuous time market model, in which agents influence asset prices. The agents are assumed to be rational and maximizing expected utility from terminal wealth. They share the same utility function but are allowed to possess different levels of information. Technically our model...
Persistent link: https://www.econbiz.de/10015228200