Type-Compatible Equilibria in Signalling Games. (arXiv:1702.01819v1 [q-fin.EC])
The key issue in selecting between equilibria in signalling games is determining how receivers will interpret deviations from the path of play. We develop a foundation for these off-path beliefs, and...
View ArticleBusiness Dynamics in KPI Space. Some thoughts on how business analytics can...
The biggest problem with the methods of machine learning used today in business analytics is that they do not generalize well and often fail when applied to new data. One of the possible approaches to...
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Economics of Strategy, 7th Edition
 Economics of Strategy focuses on the key economic concepts students must master in order to develop a sound business strategy. Ideal for undergraduate managerial economics and business strategy...
View ArticleIOSCO analyzes potential of tech-driven change in the securities market industry
IOSCO/MR/02/2017read more...
View ArticleITG Releases January 2017 U.S. Trading Volume
NEW YORK, Feb. 08, 2017 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that January 2017 U.S. trading volume was 2.8 billion shares...
View ArticleWeekly Top 5 Papers â February 6th 2017
1. Do Stocks Outperform Treasury Bills? by Hendrik Bessembinder (Arizona State University)read more...
View ArticleOne-Switch Discount Functions. (arXiv:1702.02254v1 [q-fin.EC])
Bell (1988) introduced the one-switch property for preferences over sequences of dated outcomes. This property concerns the effect of adding a common delay to two such sequences: it says that the...
View ArticleThey Ask You Answer: A Revolutionary Approach to Inbound Sales, Content...
They Ask You Answer is a straightforward guide to fixing your current marketing strategy. Regardless of your budget, you are almost certainly overspending on television, radio, and print ads, yet...
View ArticleThe Economic Indicator Handbook: How to Evaluate Economic Trends to Maximize...
The Economic Indicator Handbook helps investors more easily evaluate economic trends, to better inform investment decision making and other key strategic financial planning. Written by a Bloomberg...
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Steeling Themselves For Pension Benefit Cuts
Photo Credit: Tony Hisgett || Only 20 years more and I can retire with a full pension!read more...
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Apple: The Greatest Cash Machine in History?
As as sports fan, watching Brady and Belichick win the Super Bowl, Roger Federer triumph at the Australian Open and LeBron James carry the Cleveland Cavaliers to victory over the Warriors, it struck me...
View ArticleSuper Generalized Central Limit Theorem: Limit distributions for sums of...
In nature or societies, the power-law is present ubiquitously, and then it is important to investigate the mathematical characteristics of power-laws in the recent era of big data. In this paper we...
View ArticleRough volatility: evidence from option prices. (arXiv:1702.02777v1 [q-fin.ST])
It has been recently shown that spot volatilities can be very well modeled by rough stochastic volatility type dynamics. In such models, the log-volatility follows a fractional Brownian motion with...
View ArticleEconophysics of Macroeconomics: "Action-at-a-Distance" and Waves....
We present macroeconomic model that describes evolution of macroeconomic variables and macroeconomic waves on economic space. Risk ratings of economic agents play role of their coordinates on economic...
View ArticleInternational Spillovers and Local Credit Cycles -- by Yusuf Soner Baskaya,...
We show that capital inflows are important drivers of domestic credit cycles using a firm-bank-loan level dataset for a representative emerging market. Instrumenting inflows by changes in global risk...
View ArticleThe Effect of Prescription Drug Monitoring Programs on Opioid Utilization in...
The misuse of prescription opioids has become a serious epidemic in the US. In response, states have implemented Prescription Drug Monitoring Programs (PDMPs), which record a patient's opioid...
View ArticleAusterity in the Aftermath of the Great Recession -- by Christopher L. House,...
We examine austerity in advanced economies since the Great Recession. Austerity shocks are reductions in government purchases that exceed reduced-form forecasts. Austerity shocks are statistically...
View ArticleRethinking Detroit -- by Raymond Owens III, Esteban Rossi-Hansberg,...
We study the urban structure of the City of Detroit. Following several decades of decline, the city's current urban structure is clearly not optimal for its size, with a business district immediately...
View ArticleThe Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem --...
We provide a nonlinear characterization of the macroeconomic impact of microeconomic TFP shocks in terms of reduced-form non-parametric elasticities for efficient economies. We also provide the mapping...
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