High School Genetic Diversity and Later-life Student Outcomes: Micro-level...
A novel hypothesis posits that levels of genetic diversity in a population may partially explain variation in the development and success of countries. Our paper extends evidence on this novel question...
View ArticleHeterogeneous Yield Impacts from Adoption of Genetically Engineered Corn and...
Concern about declining growth in crop yields has renewed debates about the ability of biotechnology to promote food security. While numerous experimental and farm-level studies have found that...
View ArticleHealth Plan Payment in Medicaid Managed Care: A Hybrid Model of Regulated...
Medicaid, the government program for providing health insurance to low-income and disabled Americans, is the largest health insurer in the United States with more than 73 million enrollees. It is also...
View ArticleThe Shock of Falling Among Older Americans -- by Inas Rashad Kelly
Direct medical costs associated with falls have been shown to be $34 billion in 2013, an underestimate since full costs are not factored in. Using the 1998-2012 waves of the Health and Retirement Study...
View ArticleUnions, Workers, and Wages at the Peak of the American Labor Movement -- by...
We study a novel dataset compiled from archival records, which includes information on men's wages, union status, educational attainment, work history, and other background variables for several cities...
View ArticleReorganization or Liquidation: Bankruptcy Choice and Firm Dynamics -- by Dean...
In this paper, we ask how bankruptcy law affects the financial decisions of corporations and its implications for firm dynamics. According to current U.S. law, firms have two bankruptcy options:...
View ArticleComplex Correlation Approach for High Frequency Financial Data....
We propose a novel approach that allows to calculate Hilbert transform based complex correlation for unevenly spaced financial data. This method is especially suitable for high frequency data, which...
View ArticleDeep Learning in (and of) Agent-Based Models: A Prospectus....
A very timely issue for economic agent-based models (ABMs) is their empirical estimation. This paper describes a line of research that could resolve the issue by using machine learning techniques,...
View ArticleA class of dynamical contagion credit risk models and their applications....
In this paper, we establish a class of default risk models with possible dynamical contagion between different obligors. Thereby, we derive explicitly the pricing formulae by set-valued Markov chain...
View ArticleLeadership Practices Inventory 5th Edition: Observer
The LPI: Observer is the 30-item observer assessment associated with the Leadership Practices Inventory (LPI) 5th Edition product suite.read more...
View ArticleClik here to view.
The evolution of inflation expectations in Japan
We model inflation forecasts as monotonically diverging from an estimated long-run anchor point towards actual inflation as the forecast horizon shortens. Fitting the model with forecaster-level data...
View ArticleClik here to view.
The Doubling Rule
Picture Credit: Vincent Brown || Einstein never said this, either…read more...
View ArticleClik here to view.
Uber's bad week: Doomsday Scenario or Business Reset?
Uber just cannot seem to help itself, finding a way to get in the news, and often in ways that leave its image in tatters. You could see this pattern in full display last week, where Travis Kalanick,...
View ArticleStop-loss and Leverage in optimal Statistical Arbitrage with an application...
In this paper we develop a statistical arbitrage trading strategy with two key elements in hi-frequency trading: stop-loss and leverage. We consider, as in Bertram (2009), a mean-reverting process for...
View ArticleMarket Efficiency and Growth Optimal Portfolio. (arXiv:1706.06832v1 [q-fin.PM])
The paper predicts an Efficient Market Property for the equity market, where stocks, when denominated in units of the growth optimal portfolio (GP), have zero instantaneous expected returns....
View ArticleSingular Fourier-Pad\'e Series Expansion of European Option Prices....
We apply a new numerical method, the singular Fourier-Pad\'e (SFP) method invented by Driscoll and Fornberg (2001, 2011), to price European-type options in L\'evy and affine processes. The motivation...
View ArticleFedEx Saved From Bankruptcy With Blackjack Winnings - Business Insider
How I missed this for all these years is beyond me, but it fits my classes PERFECTLY!! When you have nothing to lose, you might as well take big risks!  See Galai and Masulis as well as very hail...
View Article