Estimating the Productivity of Community Colleges in Paving the Road to...
The distinct mission and open-access nature of community colleges and the diverse goals of the students they serve make it difficult to assess differences in quality across community college campuses....
View ArticleStimulating Housing Markets -- by David Berger, Nicholas Turner, Eric Zwick
This paper studies temporary policy incentives designed to address capital overhang by inducing asset demand from buyers in the private market. Using variation across local geographies in ex ante...
View ArticleEconomic Transformation in Africa from the Bottom Up: Evidence from Tanzania...
At roughly 4% per annum, labor productivity in Tanzania has grown more rapidly over the past 12 years than at any other time in recent history. Employment growth has also been strong keeping up with...
View ArticleWeekly Top 5 Papers â December 12, 2016
1. How Do Venture Capitalists Make Decisions? by Paul Gompers (Harvard Business School – Finance Unit) and Will Gornall (University of British Columbia (UBC) – Division of Finance) and Steven...
View ArticleLeading Dispersed Teams
Eric McNulty, director of research at the National Preparedness Leadership Initiative, has written a blog post for Strategy + Business that addresses how to lead dispersed teams effectively. McNulty...
View ArticleFractal Optimization of Market Neutral Portfolio. (arXiv:1612.03698v1...
A fractal approach to the long-short portfolio optimization is proposed. The algorithmic system based on the composition of market-neutral spreads into a single entity has been considered. The core of...
View ArticleSensation Seeking, Sports Cars, and Hedge Funds by Yan Lu, Sugata Ray, Melvyn...
Sensation Seeking, Sports Cars, and Hedge Funds - https://t.co/TvHJehnluM — moneyscience (@moneyscience) December 13, 2016
View ArticleThe hierarchical generalized linear model and the bootstrap estimator of the...
This paper presents the hierarchical generalized linear model (HGLM) for loss reserving in a non-life insurance company. Because in this case the error of prediction is expressed by a complex...
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Plumbers and Visionaries by Peter Norman Selected as the Yearâs Most...
 Plumbers and Visionaries by Peter Norman Selected as the Year’s Most Popular Financial Books in China Read More...
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Active Investing: Rest in Peace or Resurgent Force?
I was a doctoral student at UCLA, in 1983 and 1984, when I was assigned to be research assistant to  Professor Eugene Fama, who wisely abandoned the University of Chicago during the cold winters for...
View ArticleFive Skills that Innovators Need
Lisa Kay Solomon and Emily Shepard shared some thoughts about innovation with a Stanford Business School class. They focused on five  skills that one must master to innovate successfully. Here's their...
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Redacted Version of the December 2016 FOMC Statement
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View ArticleOptimal Kernel Estimation of Spot Volatility of Stochastic Differential...
Kernel Estimation is one of the most widely used estimation methods in non-parametric Statistics, having a wide-range of applications, including spot volatility estimation of stochastic processes. The...
View ArticleDynamic Convex Duality in Constrained Utility Maximization....
In this paper, we study a constrained utility maximization problem following the convex duality approach. After formulating the primal and dual problems, we construct the necessary and sufficient...
View ArticleS&P500 Forecasting and Trading using Convolution Analysis of Major Asset...
By monitoring the time evolution of the most liquid Futures contracts traded globally as acquired using the Bloomberg API from 03 January 2000 until 15 December 2014 we were able to forecast the...
View ArticleGeneral Accounting and Auditing Developments, 2015/16: Audit Risk Alert
This useful resource contains a description of all recent auditing, accounting and regulatory developments, and ensures you have a robust understanding of the business, economic, and regulatory...
View ArticleReporting on Controls at a Service Organization Relevant to Security,...
AICPA Guides are developed and updated to provide guidance and discussions specific to current industry developments and trends. This guide, Reporting on Controls at a Service Organization Relevant to...
View ArticleStylized Facts and Simulating Long Range Financial Data. (arXiv:1612.05229v1...
We propose a new method (implemented in an R-program) to simulate long-range daily stock-price data. The program reproduces various stylized facts much better than various parametric models from the...
View ArticleEuropean banking supervision, the role of stress test. Some brief...
A quick review of European financial stability institutions and the role of stress tests in the current juridical system.
View ArticlePredictability Hidden by Anomalous Observations. (arXiv:1612.05072v1 [q-fin.ST])
Testing procedures for predictive regressions with lagged autoregressive variables imply a suboptimal inference in presence of small violations of ideal assumptions. We propose a novel testing...
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