Showing 1 - 10 of 38
, resulting in a distribution that is non-Gaussian. This result has important implications regarding the scaling behavior of …
Persistent link: https://www.econbiz.de/10005787044
a scaling Gaussian Markov process with H≠1/2 over a finite time interval. We conclude that both Hurst exponents and one …
Persistent link: https://www.econbiz.de/10005835781
correlations like those found in fractional Brownian motion. We construct a large set of scaling solutions of Fokker-Planck partial …. For the scaling solutions, we show how to reduce the calculation of the probability density to a single integration once … usual simple argument that H≠1/2 implies correlations fails for Markov processes with scaling solutions. Finally, we discuss …
Persistent link: https://www.econbiz.de/10005837307
scaling regions, we find that sliding interval methods can generate fat-tailed distributions as an artifact, and that the type … of scaling reported in many previous studies does not exist. …
Persistent link: https://www.econbiz.de/10005617008
The question: “How much of biological evolution based theories, as they are understood presently, apply to human … evolutionary cognition is also used to show that such evolution could happen 4 million years ago (MYA). …
Persistent link: https://www.econbiz.de/10011258986
Experimental evidence and field data suggest that agents hold two seemingly unrelated biases: failure to account for the fact that the behavior of others reflects their private information (“winner's curse”), and a tendency to value a good more once it is owned (“endowment effect”). In...
Persistent link: https://www.econbiz.de/10011259069
The monography considers laws and mechanisms of social development from positions of positivism, dialectic materialism and the theory of systems. The methodology of the author is based on causality in relations of a society and social institutes. Social development is considered as result of...
Persistent link: https://www.econbiz.de/10011259500
The socially optimal allocation has been regarded to be unspecifiable because of utility’s interpersonal incomparability, Arrow’s general possibility theorem, and other factors. This paper examines this problem by focusing not on the social welfare function but instead on the utility...
Persistent link: https://www.econbiz.de/10011259529
This paper examines the socially optimal allocation by focusing not on the social welfare function but instead on the utility possibility frontier in exogenous growth models with a heterogeneous population. A unique balanced growth path was found on which all of the optimality conditions of all...
Persistent link: https://www.econbiz.de/10011259748
We model an assurance game played within a population with two types of individuals -- short-sighted and foresighted. Foresighted people have a lower discount rate than short sighted people. These phenotypes interact with each other. We define the persistent interaction of foresighted people...
Persistent link: https://www.econbiz.de/10005790237