Inequality in Turkey: Looking Beyond Growth. (arXiv:1910.11780v1 [econ.GN])
This paper investigates the relationships between economic growth, investment in human capital and income equality in Turkey. The conclusion drawn based on the data from the OECD and the World Bank...
View ArticleDoes car sharing reduce greenhouse gas emissions? Life cycle assessment of...
Car-sharing platforms provide access to a shared rather than a private fleet of automobiles distributed in the region. Participation in such services induces changes in mobility behaviour as well as...
View ArticleThe Politics of News Personalization. (arXiv:1910.11405v1 [econ.GN])
We study how news personalization affects policy polarization. In a two-candidate electoral competition model, an attention-maximizing infomediary aggregates information about candidate valence into...
View ArticleCoalition-structured governance improves cooperation to provide public goods....
While the benefits of common and public goods are shared, they tend to be scarce when contributions are provided voluntarily. Failure to cooperate in the provision or preservation of these goods is...
View ArticleGold, drug money and a major auditor's 'cover-up'
EY covered up evidence of smuggling and laundering of drug money by an organised crime gang, an investigation has revealed. https://t.co/a4VEwqBRyB —…
View ArticleSEC and Fordham University School of Law to Host Conference on Combating...
The Securities and Exchange Commission’s New York Regional Office and Fordham University School of Law will host a conference on November 1 on combating community-based financial fraud.  The...
View ArticleA Harvard Education
By Bill Kelly, CEO, CAIA Association While Harvard the institution is legendary, much less is known about its founding other than by some who have taken those tedious Cambridge tours or the gifted alum...
View ArticleMoneyScience: The Physics of Finance: A Collection of Essays
Resource: The Physics of Finance: A Collection of Essays https://t.co/vhsKvwtJgt — moneyscience (@moneyscience) October 28, 2019
View ArticleMulti-Level Order-Flow Imbalance in a Limit Order Book. (arXiv:1907.06230v2...
We study the multi-level order-flow imbalance (MLOFI), which is a vector quantity that measures the net flow of buy and sell orders at different price levels in a limit order book (LOB). Using a...
View ArticlePortfolio Optimization for Cointelated Pairs: SDEs vs. Machine Learning....
With the recent rise of Machine Learning as a candidate to partially replace classic Financial Mathematics methodologies, we investigate the performances of both in solving the problem of dynamic...
View ArticleChange of Measure in the Heston Model given a violated Feller Condition....
When dealing with Heston's stochastic volatility model, the change of measure from the subjective measure P to the objective measure Q is usually investigated under the assumption that the Feller...
View ArticleExtended Reduced-Form Framework for Non-Life Insurance. (arXiv:1802.07741v4...
In this paper we propose a general framework for modeling an insurance liability cash flow in continuous time, by generalizing the reduced-form framework for credit risk and life insurance. In...
View ArticleA generalized reserving model: bridging the gap between pricing and...
Insurers record detailed information related to claims (e.g. the cause of the claim) and policies (e.g. the value of the insured risk) for pricing insurance contracts. However, this information is...
View ArticleTesting Forecast Rationality for Measures of Central Tendency....
Rational respondents to economic surveys may report as a point forecast any measure of the central tendency of their (possibly latent) predictive distribution, for example the mean, median, mode, or...
View ArticleRobust Contracting in General Contract Spaces. (arXiv:1910.12516v1 [math.OC])
We consider a general framework of optimal mechanism design under adverse selection and ambiguity about the type distribution of agents. We prove the existence of optimal mechanisms under minimal...
View ArticleUsing network science to quantify economic disruptions in regional...
Input Output (IO) tables provide a standardised way of looking at monetary flows between all industries in an economy. IO tables can be thought of as networks - with the nodes being different...
View ArticleDeep convolutional autoencoder for cryptocurrency market analysis....
This study attempts to analyze patterns in cryptocurrency markets using a special type of deep neural networks, namely a convolutional autoencoder. The method extracts the dominant features of market...
View ArticlePrice mediated contagion through capital ratio requirements....
We develop a framework for price-mediated contagion in financial systems where banks are forced to liquidate assets to satisfy a risk-weight based capital adequacy requirement. In constructing this...
View ArticleChange of drift in one-dimensional diffusions. (arXiv:1910.11904v1 [q-fin.MF])
It is generally understood that a given one-dimensional diffusion may be transformed by Cameron-Martin-Girsanov measure change into another one-dimensional diffusion with the same volatility but a...
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Newsletter October 2019 First MathFinance Asia Conference in Singapore
Editorial First MathFinance Asia Conference in Singapore MathFinance Asia successfully hosted its 1st conference in Singapore at the Fullerton Hotel on 18th October 2019. The conference was well...
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