A Risk-Neutral Equilibrium Leading to Uncertain Volatility Pricing....
We study the formation of derivative prices in equilibrium between risk-neutral agents with heterogeneous beliefs about the dynamics of the underlying. Under the condition that the derivative cannot be...
View ArticlePopulation and trends in the global mean temperature. (arXiv:1612.09123v1...
The Fisher Ideal index, developed to measure price inflation, is applied to define a population-weighted temperature trend. This method has the advantages that the trend is representative for the...
View ArticlePointwise dual representation of dynamic convex expectations....
We fully characterize discrete-time dynamic convex expectations $(\mathcal{E}_t)$ with domain and range the upper semianalytic functions - in particular we work without a reference measure and do not...
View ArticleFractional Dynamics of Natural Growth and Memory Effect in Economics....
A generalization of the economic model of natural growth, which takes into account the power-law memory effect, is suggested. The memory effect means the dependence of the process not only on the...
View ArticlePricing of Asian-type and Basket Options via Upper and Lower Bounds....
This paper sets out to provide a general framework for the pricing of average-type options via lower and upper bounds. This class of options includes Asian, basket and options on the volume-weighted...
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Teaching Economics the Pluralist Way
This is a talk I gave in Amsterdam to launch the Amsterdam Rethinking Economics critique of the current state of economics âeducationâ in the Netherlands. The text of my slides is reproduced...
View ArticleThe Benefits & Risks of International Experiences
A team of scholars has published an interesting new study in the Journal of Personality and Social Psychology regarding the impact that foreign experiences have on our behavior (Jackson Lu, Jordi...
View ArticleController as Business Manager
This publication will help finance and accounting managers understand and apply a critical set of financial and business management skill sets in order to become more integral contributors to the...
View ArticleBuilding the Internet of Things: Implement New Business Models, Disrupt...
Building Internet of Things provides front-line business decision makers with a practical handbook for capitalizing on this latest transformation. Focusing on the business implications of Internet of...
View ArticleBankruption: How Community Banking Can Survive Fintech
Bankruption + Website offers a survival guide for community banks and credit unions searching for relevance amidst immense global competition and fintech startups. Author John Waupsh is the Chief...
View ArticleMerchandising, Choice, and Shopper Satisfaction
Wharton's Barbara Kahn explains her new research on how merchandising layouts affect buying behavior as well as shopper satisfaction.
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Distrust Forecasts
Photo Credit: New America || Could only drive through the rear-view mirrorread more...
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Jimmy Kimmel's Take on New Year's Resolutions
I posted this funny video clip from Jimmy Kimmel last year just a few days into the new year. It's worth another look!
View ArticleA Theory of Experience Effects. (arXiv:1612.09553v1 [q-fin.EC])
How do financial crises and stock-market fluctuations affect investor behavior and the dynamics of financial markets in the long run? Recent evidence suggests that individuals overweight personal...
View ArticleAre Technical Experts Better Leaders?
James K. Stoller, Amanda Goodall, and Agnes Baker have published an intriguing Harvard Business Review article titled, "Why the Best Hospitals are Managed by Doctors." In the piece, they state the...
View ArticleFinancial Technology News Report
The latest Financial Technology News Report! https://t.co/0gmaIvLGXH Thanks to @michelleprice36 @FinanceConrad @IBMAsiapacific â Financial Technologyâ¦
View ArticleBitcoinâs $1,000 value is something to worry about, not cheer
#bitcoin has reached a three-year high, but according to some people itâs no cause for celebration.https://t.co/FfnJ5rkbgC â Financial Technology (@fin_tech)â¦
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