We investigate whether two heuristics, the peak-end rule and herding, lead to cognitive biases in the index of consumer … herding consists in a too strong relationship from expectations about the future of respondents interviewed in a first round …

date. The construction of these measures is based on the theory of comonotonicity. Both types of herd behavior indices are …

explicit nature of the dynamics of the CBS we show that the introduction of herding modifies the random walk to an ARIMA($0 …

. Two well-known network structures are hierarchies and communication networks. We give an overview of the most common … models of communication and hierarchy restrictions in cooperative games, compare different network structures with each other …

The paper considers the problem as to whether financial returns have a common volatility process in the framework of … stochastic volatility models that were suggested by Harvey et al. (1994). We propose a stochastic volatility version of the ARCH … test proposed by Engle and Susmel (1993), who investigated whether international equity markets have a common volatility …