General Semi-Markov Model for Limit Order Books: Theory, Implementation and...
The paper considers a general semi-Markov model for Limit Order Books with two states, which incorporates price changes that are not fixed to one tick. Furthermore, we introduce an even more general...
View ArticleElectoral Stability and Rigidity. (arXiv:1608.05038v1 [q-fin.EC])
Some argue that political stability is best served through a two-party system. This study refutes this. The author mathematically defines the stability and rigidity of electoral systems comprised of...
View ArticleRisk reduction and Diversification within Markowitz's Mean-Variance Model:...
The conventional wisdom of mean-variance (MV) portfolio theory asserts that the nature of the relationship between risk and diversification is a decreasing asymptotic function, with the asymptote...
View ArticleBayesian Posteriors For Arbitrarily Rare Events. (arXiv:1608.05002v1 [math.ST])
Each period, either a blue die or a red die is tossed. The two dice land on side \bar{k} with unknown probabilities $p_{\bar{k}}$ and $q_{\bar{k}}$, which can be arbitrarily low. Given a...
View ArticleMonetary economics from econophysics perspective. (arXiv:1608.04832v1...
This is an invited article for the Discussion and Debate special issue of The European Physical Journal Special Topics on the subject "Can Economics Be a Physical Science?" The first part of the paper...
View ArticleThe Sales Boss: The Real Secret to Hiring, Training and Managing a Sales Team
The Sales Boss reveals the secrets to great sales management, and provides direct examples of how you can start being that manager today. The not-so-secret "secret" is that a winning sales team is made...
View ArticleSmall Business For Dummies - Australia & New Zealand, 5th Australian...
Thinking about starting a new business? Searching for new ways to run your small business better? Whether you're starting your own business from scratch or looking to grow an existing venture, this...
View ArticleGetting Started in Shares For Dummies Australia, 3rd Australian Edition
If you've always wanted to invest in shares, but you've never known where to start, look no further! This new edition of Getting Started in Shares For Dummies reveals in plain English the investing...
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Bumped Against My Upper Cash Limit
Photo Credit: Wayne Stadler || Most of us have limited vision, myself includedread more...
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US market portrait 2016 week 34
US large cap market returns. Note: Yahoo seemed to have data problems last weekend.read more...
View ArticleSaudi Arabias's Capital Market Authority Announcement Regarding Obligating...
Reference to the transition plan to adopt the International Financial Reporting Standards (the "IFRS"), which were endorsed by the Saudi Organization for Certified Public Accountants ("SOCPA") , who...
View ArticleThe Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market...
The total value of shares traded for the week ending 18 August 2016 amounted to SAR 15.05 billion, decreasing by 0.70% over the previous week; while total stock market capitalization reached SAR...
View ArticleUS Federal Reserve Vice Chairman Stanley Fischer, At The "Program On The...
The Fed's dual mandate aims for maximum sustainable employment and an inflation rate of 2 percent, as measured by the price index for personal consumption expenditures (PCE). Employment has increased...
View ArticleTouring the Rio Olympics
I’m a sportswriter who is bound for the Olympics, and I’m writing an article about maximizing the number of events I see in a particular day.read more...
View ArticlePoverty Index With Time Varying Consumption and Income Distributions....
In a recent work (Chattopadhyay, A. K. et al, Europhys. Lett. {\bf 91}, 58003, 2010) based on food consumption statistics, we showed how a stochastic agent based model could represent the time...
View ArticleThe structure of the climate debate. (arXiv:1608.05597v1 [q-fin.EC])
First-best climate policy is a uniform carbon tax which gradually rises over time. Civil servants have complicated climate policy to expand bureaucracies, politicians to create rents. Environmentalists...
View ArticleConsistency of option prices under bid-ask spreads. (arXiv:1608.05585v1...
Given a finite set of European call option prices on a single underlying, we want to know when there is a market model which is consistent with these prices. In contrast to previous studies, we allow...
View ArticleElicitability and backtesting. (arXiv:1608.05498v1 [q-fin.RM])
Conditional forecasts of risk measures play an important role in internal risk management of financial institutions as well as in regulatory capital calculations. In order to assess forecasting...
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