In the Schumpeterian creative disruption age, the authors firmly believe that an increasing application of electronic technologies in the finances opens a big number of new unlimited opportunities toward a new era of the ultra high frequency electronic trading in the foreign currencies exchange...

In the Schumpeterian creative disruption age, the authors firmly believe that an increasing application of electronic technologies in the finances opens a big number of new unlimited opportunities toward a new era of the ultra high frequency electronic trading in the foreign currencies exchange...

Markov chain theory is proving to be a powerful approach to bootstrap highly nonlinear time series. In this work we provide a method to estimate the memory of a Markov chain (i.e. its order) and to identify its relevant states. In particular the choice of memory lags and the aggregation of...

A new portfolio selection framework is introduced where the investor seeks the allocation that is as close as possible to his "ideal" portfolio. To build such a portfolio selection framework, the f-divergence measure from information theory is used. There are many advantages to using the...

Judicial discretion has rightly been termed a puzzle. Given the several competing concerns that can influence judges when they sanction offenders and the institutional structures that typically constrain their decisions, the task of uncovering the motivational structures underlying judicial...

The valuation of farmland is a perennial issue for agricultural policy, given its importance in the farm investment portfolio. Despite the significance of farmland values to farmer wealth, prediction remains a difficult task. This study develops a dynamic information measure to examine the...

This paper uses an entropy-based information approach to determine if farmland values are more closely associated with urban pressure or farm income. The basic question is: how much information on changes in farm real estate values is contained in changes in population versus changes in returns...

Representative and reliable individual time use data, in connection with a proper set of socio-economic back-ground variables, are essential elements for the empirical foundation and evaluation of existing and new theories in general and in particular for time use analyses. Within the...

If recidivism is defined as rearrest within a finite period following release from prison, then the kinds of outcomes typically available to researchers include: (i) whether or not the individual was rearrested within the follow-up period; (ii) how many times the individual was rearrested; and...

Valid and reliable individual time use data in connection with an appriate set of socio -economic background variables are essential elements of an empirical foundation and evaluation of existing time use theories and for the search of new empirical-based hypotheses about individual behavior....