This paper reviews the historical trends of the distribution of income and wealth in the United States. It also discusses the literature on whether imposing wealth tax suggested by Senator Warren and Sanders will improve the inequalities. The paper researches the tax policy regarding the Wealth...

The purpose of this paper is to present statistical analysis of the Environmental Kuznets Curve (EKC) theory, the hypothesized relationship between different environmental indicators, by analyzing empirical studies from existing literature. This paper describes the critical history and theory of...

This paper reviews the current academic literature on investment theory with a focus on the modern portfolio theory in longer term investments. There are a variety of different investment instruments in the primary and secondary markets including equities, fixed income products, and financial...

Stochastic Calculus deals with the rate of change of functions with respect to the randomness. It has been applied in the field of financial mathematics. When we look at the graph of stock prices, there are many irregular price fluctuations. The main tool for modeling the small fluctuations is...

In recent years, John Taylor's famous 1993 paper, "Discretion Versus Policy Rules in Practice," has revolutionized the way many policymakers at central banks think about monetary policy. In fact, the Taylor rule, which is based on deviations of inflation from its target and output gaps, can be...

“Wonton” is one of the traditional Chinese food, especially popular in the south-east region such as the city Wuxi. There are numerous Wonton retailers around Wuxi, making it hard to analyze such abundant retailers. Consequently, I decide to highlight a specific area in Wuxi city, Binhu...

It is known that poverty and HIV rates are highly correlated so that sample estimations of applying poverty to inspect HIV is subjective and biased. Thus, the aim of this paper is to investigate the impact of different factors collectively on the rates of HIV across 37 countries and regions...

This paper will explore concepts of the Markov Chain and demonstrate its applications in probability prediction area and financial trend analysis. The historical background and the properties of the Markov's chain are analyzed

We installed the Shining package to RStudio and carefully learned its functions. However, as the R Shiny package mainly focused on the interactive nature of histogram with different distribution types, we are interested to investigate about the visualization of mean