In this paper, we explore the loss data collection exercise for operational risk in Chinese commercial banks from 1999 to first half of 2006. Firstly, the above data are bootstrapped to analyze the capital allocation for a medium-scaled commercial bank in China. Secondly, for every selected...

A financial crisis in one region is a wake-up call for investors in other regions. If the correlation across regional fundamentals is potentially positive but uncertain ex-ante, investors acquire information about this correlation to determine their exposure. Financial contagion can occur in the...

Reversible jump methods are the most commonly used Markov chain Monte Carlo tool for exploring variable dimension statistical models. Recently, however, an alternative approach based on birth-and-death processes has been proposed by Stephens for mixtures of distributions. We show that the...

As a major part of the daily operation in an enterprise, purchasing frequency is in constant change. Recent approaches on the human dynamics can provide some new insights into the economic behavior of companies in the supply chain. This paper captures the attributes of creation times of purchase...

Racial differences in prostate cancer incidence and mortality have been reported. Several authors hypothesize that African Americans have a more rapid growth rate of prostate cancer compared to Caucasians, that manifests in higher recurrence and lower survival rates in the former group. In this...

In the study of complex organisms, clarifying the association between the evolution of coding genes and the measures of functional variables is of fundamental importance. However, traditional analysis of the evolutionary rate is either built on the assumption of independence between responses or...

In two-party competition, it is well known that the party whose supporters/identifiers are more ideologically concentrated can pull the overall median in the direction of its party median, while the overall mean is essentially simply an average of the two party means weighted by the number of...

Economic researchers often consider quotients like R&D investment divided by sales which could be used to measure “research intensity” of firms if available. However, data on research in particular are highly confidential and would not be released in original form. Therefore scientific use...

This paper analyzes and predicts the changes of relationship between income and fertility rate of cross-countries using a bivariate mixture model and a latent change score model. This paper has shown that there is a negative relationship between income and fertility rate, which is presented in...