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Highly skilled workers are not the only ones who receive a wage premium from...
Innovative firms pay workers more than others do. This fact is well known from endogenous growth theories, which state that as technology advances, innovative firms should get more rents, which should...
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Problems with infinity*
I had the pleasure of witnessing this interaction the other day: two kids were locked in a battle of wits to see who could think of the…Continue reading on Cantorâs Paradise »
View ArticleThe combination of the right software and commodity hardware will prove...
The Data Exchange Podcast: Nir Shavit on multicore software, neurobiology, and deep learning.Subscribe: iTunes, Android, Spotify, Stitcher, Google, and RSS.[full show notes can be found on the Data...
View ArticleAmbiguity on Uncertainty and the Equity Premium
Publication date: Available online 9 January 2020Source: Finance Research LettersAuthor(s): Xinfeng Ruan, Jin E. ZhangAbstractThis paper considers an asset pricing model with a multiple-priors...
View ArticleSEC Issues Agenda for Inaugural Meeting of the Asset Management Advisory...
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View ArticleFee Rate Advisory #2 for Fiscal Year 2020
The Securities and Exchange Commission announced that starting on Feb. 18, 2020, the fee rates applicable to most securities transactions will be set at $22.10 per million dollars. Consequently, each...
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Proving Arrow’s Impossibility Theorem
Let’s prove the result behind why group decisions, from democracy to take-away choice, are always flawed.Continue reading on Cantorâs Paradise »
View ArticleSimpler Rules for Commodity Pools
The Commodity Futures Trading Commission has changed the rules for the managers of commodity pools. The new regulations, approved in November and published in the Federal Register for Dec. 10, take...
View ArticleMagnus Carlsen: ‘You need to be very fortunate to be No 1 in fantasy...
Randomness? Correlation? Luck? Magnus Carlsen: âYou need to be very fortunate to be No 1 in fantasy footballâ https://t.co/R88zxXNi0v â moneyscienceâ¦
View ArticleStationary Heston model: Calibration and Pricing of exotics using Product...
A major drawback of the Standard Heston model is that its implied volatility surface does not produce a steep enough smile when looking at short maturities. For that reason, we introduce the Stationary...
View ArticleUsing Networks and Partial Differential Equations to Predict Bitcoin Price....
Over the past decade, the blockchain technology and its Bitcoin cryptocurrency have received considerable attention. Bitcoin has experienced significant price swings in daily and long-term valuations....
View ArticleRelationship between Type of Risks and Income of the Rural Households in the...
This study examines the relationship between type of risks and income of the rural households in Pattani province,Thailand using the standard multiple regression analysis.A multi-stage sampling...
View ArticleEstimating the Impact of GST Implementation on Cost of Production and Cost of...
The implementation of Goods and Services Tax(GST) is often attributed as the main cause of the rising prices of goods and services. The main objective of this study is to estimate the extent of GST...
View ArticleDeterminants of Social-economic Mobility in the Northern Region of Malaysia....
Colleting the data through a survey in the Northern region of Malaysia; Kedah, Perlis, Penang and Perak, this study investigates intergenerational social mobility in Malaysia. We measure and analyzed...
View ArticleClustering Approaches for Global Minimum Variance Portfolio....
The only input to attain the portfolio weights of global minimum variance portfolio (GMVP) is the covariance matrix of returns of assets being considered for investment. Since the population covariance...
View ArticleSegregation with Social Linkages: Evaluating Schelling's Model with Networked...
This paper generalizes the original Schelling (1969, 1971a,b, 2006) model of racial and residential segregation to a context of variable externalities due to social linkages. In a setting in which...
View ArticleChina's First Workforce Skill Taxonomy. (arXiv:2001.02863v1 [econ.GN])
China is the world's second largest economy. After four decades of economic miracles, China's economy is transitioning into an advanced, knowledge-based economy. Yet, we still lack a detailed...
View ArticleInstitutions and China's comparative development. (arXiv:2001.02804v1 [econ.GN])
Robust assessment of the institutionalist account of comparative development is hampered by problems of omitted variable bias and reverse causation, since institutional quality is not randomly assigned...
View ArticleIf the Prospect of Some Occupations Are Stagnating With Technological...
Two distinct trends can prove the existence of technological unemployment in the US. First, there are more open jobs than the number of unemployed persons looking for a job, and second, the shift of...
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There is a ‘good’ reason for EU banks to hold their own...
Is it possible to attribute the banksâ home bias in sovereign exposure to something beyond their externally-imposed (such as moral suasion) or internally-distorted (such as risk-shifting)...
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