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Statistical inference for discrete-time samples from affine stochastic delay differential equations
Statistical inference for discrete time observations of an affine stochastic delay differential equation is considered. The main focus is on maximum pseudo-likelihood estimators, which are easy to calculate in practice. ...
Change point and trend analyses of annual expectile curves of tropical storms
Motivated by the conjectured existence of trends in the intensity of tropical storms, this paper proposes new inferential methodology to detect a trend in the annual pattern of environmental data. The new methodology can ...
Coordination after gains and losses
Is prospect theory’s value function predictive for games?
Wir präsentieren eine Verhaltensvariante der Spieltheorie, die auf der Wertfunktion der Prospekttheorie, dem Aggregationsprinzip und auf sozialer Projektion beruht. Gleichgewichtsvorhersagen basieren auf einer Anwendung ...
Blooming Landscapes in the West? - German reunification and the price of land.
German reunification was a positive market access shock for both East and West Germany. Regions that for 45 years had experienced a decline in population due to their loss in market access following the division of Germany ...
The Cross-Section of Crypto-Currencies as Financial Assets: An Overview
Crypto-currencies have developed a vibrant market since bitcoin, the first crypto-currency, was created in 2009. We look at the properties of cryptocurrencies as financial assets in a broad cross-section. We discuss ...
Protecting Unsophisticated Applicants in School Choice through Information Disclosure
Unsophisticated applicants can be at a disadvantage under manipulable and hence strategically demanding school choice mechanisms. Disclosing information on applications in previous admission periods makes it easier to asses ...