NBER WORKING PAPER SERIES
... Research. Economic of Bureau National the of those not and author the of those are expressed opinions Any Economics. Monetary and Markets Financial in program research NBER's the of part is here reported research The comments. and discussions ful help- extremely for Varian Hal and Summers, Larry Shl ...
... Research. Economic of Bureau National the of those not and author the of those are expressed opinions Any Economics. Monetary and Markets Financial in program research NBER's the of part is here reported research The comments. and discussions ful help- extremely for Varian Hal and Summers, Larry Shl ...
relationship - University of St Andrews
... trades at around a quarter of the value it saw at its peak in 1989. 2 The aim of this paper is to see whether the same model can explain the US and Japanese stock market while yielding consistent factor loadings. This might be highly relevant, for example, to private investors, pension funds and gov ...
... trades at around a quarter of the value it saw at its peak in 1989. 2 The aim of this paper is to see whether the same model can explain the US and Japanese stock market while yielding consistent factor loadings. This might be highly relevant, for example, to private investors, pension funds and gov ...
Analyses of the Herding Behavior for the SMEs Financing Plight
... 7%~8% of total credit funds in society. Moreover, the statistics from China banking regulatory commission shows that the commercial bank lending still flows to and concentrates on the big clients currently. Till the end of June 2006, the number of big customers that bore the loan above 100 million j ...
... 7%~8% of total credit funds in society. Moreover, the statistics from China banking regulatory commission shows that the commercial bank lending still flows to and concentrates on the big clients currently. Till the end of June 2006, the number of big customers that bore the loan above 100 million j ...
H/W System Configuration
... the modeling perspective, however, this requires overall aggregation of the behavioral data to cater for the CHMM modeling, which does not di®erentiate the coupling relationships presented in di®erent forms within the aggregated behaviors and de- grade the capability for further anomaly detection. T ...
... the modeling perspective, however, this requires overall aggregation of the behavioral data to cater for the CHMM modeling, which does not di®erentiate the coupling relationships presented in di®erent forms within the aggregated behaviors and de- grade the capability for further anomaly detection. T ...
How Efficient Markets Undervalue Stocks: CAPM and ECMH under
... continued, it soon became apparent that while the pros sometimes lost, more often they won. The Journalhas now run the Investment Dartboard contest for over eight years, and over that time a clear pattern has emerged: although the darts frequently give the pros a drubbing, on average the pros are be ...
... continued, it soon became apparent that while the pros sometimes lost, more often they won. The Journalhas now run the Investment Dartboard contest for over eight years, and over that time a clear pattern has emerged: although the darts frequently give the pros a drubbing, on average the pros are be ...
THE DETERMINANTS OF CORPORATE CAPITAL STRUCTURE
... The debates regarding determinants of corporate capital structure have been progressing for a few decades since the first capital structure theory was found by Modigliani and Miller in 1958. Their theory evolved into two main theories; static trade off theory by Krauz & Litzebnerger (1973), and peck ...
... The debates regarding determinants of corporate capital structure have been progressing for a few decades since the first capital structure theory was found by Modigliani and Miller in 1958. Their theory evolved into two main theories; static trade off theory by Krauz & Litzebnerger (1973), and peck ...
An economic and financial exploratory
... world’s financial system, which had its seeds in the bursting of the real estate bubble, itself fuelled by accommodating monetary policy, which in turn was implemented to fight the negative impacts of the crash that bursts the dot-com bubble. These crises have dire consequences for the real economy, w ...
... world’s financial system, which had its seeds in the bursting of the real estate bubble, itself fuelled by accommodating monetary policy, which in turn was implemented to fight the negative impacts of the crash that bursts the dot-com bubble. These crises have dire consequences for the real economy, w ...
Latin America - Scotia Capital
... increase will be temporary, there is a serious risk of second order effects that could generate an undesirable inertia in inflation dynamics. To prevent this, Banco de Mexico has been acting on the monetary policy by rapidly increasing the reference interest rates, hiking 325 basis points since Dece ...
... increase will be temporary, there is a serious risk of second order effects that could generate an undesirable inertia in inflation dynamics. To prevent this, Banco de Mexico has been acting on the monetary policy by rapidly increasing the reference interest rates, hiking 325 basis points since Dece ...
An Assessment of APT`s Performance on Portfolios
... how the latter affect or predict the mean of asset’s returns. The aim of the study was to spot the sources of economic risk that investors should track and hedge against the commanded economic and financial risks. The returns of ten stock portfolios listed on the NYSE, AMEX and NASDAQ for a monthly ...
... how the latter affect or predict the mean of asset’s returns. The aim of the study was to spot the sources of economic risk that investors should track and hedge against the commanded economic and financial risks. The returns of ten stock portfolios listed on the NYSE, AMEX and NASDAQ for a monthly ...
Uncertainty Outside and Inside Economic Models * Prize Lecture, December 8, 2013
... models. I will initially describe the methods and outcomes from an econometrician outside the model. Stochastic discount factors are defined with respect to a probability distribution relevant to investors inside the model. Lucas (1972) and others imposed rational expectations as an equilibrium conc ...
... models. I will initially describe the methods and outcomes from an econometrician outside the model. Stochastic discount factors are defined with respect to a probability distribution relevant to investors inside the model. Lucas (1972) and others imposed rational expectations as an equilibrium conc ...
What Does the Equity Premium Mean? - UQ eSpace
... individuals. If the equity premium exists because individuals overestimate risks of equity investments, such policies would produce a clear gain for Social Security beneficiaries and taxpayers. An increase in the expected return is a reduction in expected future taxes to fund the program. The same h ...
... individuals. If the equity premium exists because individuals overestimate risks of equity investments, such policies would produce a clear gain for Social Security beneficiaries and taxpayers. An increase in the expected return is a reduction in expected future taxes to fund the program. The same h ...
skinner s reinforcement theory - Cambridge Center for Behavioral
... behavior of the gambler. However, although Skinner’s new reliance on schedules of reinforcement undoubtedly increased radical behaviorism’s apparent explanatory power, there turned out to be a hidden price for his determinism to pay. When schedules of reinforcement were formally introduced, Skinner ...
... behavior of the gambler. However, although Skinner’s new reliance on schedules of reinforcement undoubtedly increased radical behaviorism’s apparent explanatory power, there turned out to be a hidden price for his determinism to pay. When schedules of reinforcement were formally introduced, Skinner ...
pdf file
... Postulated Internal States and their Relations An executable specification of the dynamics of an agent, generated from an external behavioral specification consists of a set of dynamic properties in an executable temporal language, representing temporal relations between a number of postulated inter ...
... Postulated Internal States and their Relations An executable specification of the dynamics of an agent, generated from an external behavioral specification consists of a set of dynamic properties in an executable temporal language, representing temporal relations between a number of postulated inter ...
Behavioral Analysis of Psychoanalytically Derived Interpretations
... vening variable, which is really made up of many factors, none of which are defined and thus make observation and classification exceedingly difficult and prone to error. If lawfulness is to be established with respect to what happens in psychotherapy and the resultant modification of individual beh ...
... vening variable, which is really made up of many factors, none of which are defined and thus make observation and classification exceedingly difficult and prone to error. If lawfulness is to be established with respect to what happens in psychotherapy and the resultant modification of individual beh ...
Perception: The learning tradition
... of the organsm's external surround. Responses are molar changes in his environment or his relation thereto defined indifferently as to how he brings these about. And those states of the organism held responsible for S-R regularities are conceived functionally in terms of what they do rather than wha ...
... of the organsm's external surround. Responses are molar changes in his environment or his relation thereto defined indifferently as to how he brings these about. And those states of the organism held responsible for S-R regularities are conceived functionally in terms of what they do rather than wha ...
real-world economics review
... variety of phenomena involving apparently irrational, inconsistent or self-defeating behavior or at least behavior that does not conform to the predictions of rational choice models. [See for example Goetzmann and Peles (1997), Goldsmith et al. (2004), Hosseini (1997), Konow (2000), etc.] Akerlof an ...
... variety of phenomena involving apparently irrational, inconsistent or self-defeating behavior or at least behavior that does not conform to the predictions of rational choice models. [See for example Goetzmann and Peles (1997), Goldsmith et al. (2004), Hosseini (1997), Konow (2000), etc.] Akerlof an ...
ch8.slides.4e.MEAPSA.ward
... • We know that: 1) supply and demand are always shifting around and 2) often there is not just one price. • What does equilibrium mean then? • But talking as if there is a well defined equilibrium usually does no harm and facilitates discussion • Also misses the point. Better to think of equilibrium ...
... • We know that: 1) supply and demand are always shifting around and 2) often there is not just one price. • What does equilibrium mean then? • But talking as if there is a well defined equilibrium usually does no harm and facilitates discussion • Also misses the point. Better to think of equilibrium ...
Cultural transmission and social control of human behavior
... Nature, when she formed man for society, endowed him with an original desire to please, and an original aversion to offend his brethren. She taught him to feel pleasure in their favourable, and pain in their unfavourable regard. She rendered their approbation most flattering and most agreeable to hi ...
... Nature, when she formed man for society, endowed him with an original desire to please, and an original aversion to offend his brethren. She taught him to feel pleasure in their favourable, and pain in their unfavourable regard. She rendered their approbation most flattering and most agreeable to hi ...
The Microstructure of Foreign Exchange Markets
... markets having microstructures that differ in some ways makes it less likely that microstructure-based models will help explain away these empirical problems. On the other hand, the markets also have some similarities, which might hold the key to the problem. A second reason to study market microstr ...
... markets having microstructures that differ in some ways makes it less likely that microstructure-based models will help explain away these empirical problems. On the other hand, the markets also have some similarities, which might hold the key to the problem. A second reason to study market microstr ...
Bilateral Contracting in Liberalized Energy Markets
... Another advantage of bilateral contracts is the support given by them to renewable energy. Renewable energy is characterized by having high capital costs and having its output heavily dependent on weather conditions, which are problems that other traditional energy sources don’t have. Potential inve ...
... Another advantage of bilateral contracts is the support given by them to renewable energy. Renewable energy is characterized by having high capital costs and having its output heavily dependent on weather conditions, which are problems that other traditional energy sources don’t have. Potential inve ...
Leverage Effects In The Mauritian`s Stock Market
... European stock markets. There are also studies which consider volatility in periods around financial crises. For instance, Schwert (1990) considered the stock market volatility before the October 1987 crash and after the crash. He found that stock market volatility was higher during the crash and af ...
... European stock markets. There are also studies which consider volatility in periods around financial crises. For instance, Schwert (1990) considered the stock market volatility before the October 1987 crash and after the crash. He found that stock market volatility was higher during the crash and af ...
Behavior Analysis, Relational Frame Theory, and the Challenge of
... National University of Ireland, Maynooth Answers to a series of commentaries are presented and the challenge Relational Frame Theory (RFT) presents to behavior analysis is explicated. RFT is a behavior analytic theory, based on extensive behavior analytic data, which appeals only to known principles ...
... National University of Ireland, Maynooth Answers to a series of commentaries are presented and the challenge Relational Frame Theory (RFT) presents to behavior analysis is explicated. RFT is a behavior analytic theory, based on extensive behavior analytic data, which appeals only to known principles ...
Including physiological data in a science of behavior: A
... degenerative alterations in the brain. The present paper provides further discussion of these points as to whether they truly represent an advantage to behavior analysis. It is argued and exemplified that behavior analysis and neuroscience are not mutually exclusive. Finally, the conditions under wh ...
... degenerative alterations in the brain. The present paper provides further discussion of these points as to whether they truly represent an advantage to behavior analysis. It is argued and exemplified that behavior analysis and neuroscience are not mutually exclusive. Finally, the conditions under wh ...
Theory of Consumer Behavior
... demanded went up when the price of the good went down. We pointed out that as the price of a good falls, individuals will substitute some of that good for other goods. Additionally, given a fixed budget, when the price of a good goes down, with all other prices remaining the same, that person’s buyi ...
... demanded went up when the price of the good went down. We pointed out that as the price of a good falls, individuals will substitute some of that good for other goods. Additionally, given a fixed budget, when the price of a good goes down, with all other prices remaining the same, that person’s buyi ...
An Interdisciplinary Behavior-Analytic Alternative to Cognitivist
... thoughts about evolved, innate structures that function as purpose-specific, separate mental organs, is mirrored in evolutionary psychology. The third, and the most important scientific, theoretical and empirical, influence, is sociobiology, particularly associated with E. O. Wilson’s work. The four ...
... thoughts about evolved, innate structures that function as purpose-specific, separate mental organs, is mirrored in evolutionary psychology. The third, and the most important scientific, theoretical and empirical, influence, is sociobiology, particularly associated with E. O. Wilson’s work. The four ...