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, microeconomics, macroeconomics, banking, insurance, utility theory, econometrics, etc.), internet applications (databases, e …
Persistent link: https://www.econbiz.de/10010984754
Unspanned stochastic volatility (USV) refers to the inability of bonds to replicate volatility-sensitive derivative securities. Affine term structure models require special restrictions on the parameters to exhibit USV. We use a joint Eurodollar futures and options data set to estimate affine...
Persistent link: https://www.econbiz.de/10009214334
surrounding the use of mathematics in economics. The role of language, tools and appropriateness of methods is discussed within … the discussion on the necessity of mathematics in economics and concentrates more on the degree in which this abstract …
Persistent link: https://www.econbiz.de/10011004910
Subject: The education in mathematics, its failure and costs, and how to redesign this market. The political economy of … mathematics education. Method: We do not require statistics to show that mathematics education fails but can look at the math … itself. Criticism on mathematics itself can only succeed if it results into better mathematics. Similarly for the didactics …
Persistent link: https://www.econbiz.de/10004980386
that does the mathematics and that draws accurate graphs from which students can see the key results. He backs up this no …
Persistent link: https://www.econbiz.de/10005600602
, meanwhile, I find that only mathematics ability is significant. Looking at the returns by sex, I find that the benefits of …
Persistent link: https://www.econbiz.de/10008671374
Persistent link: https://www.econbiz.de/10005478904
Finding Equilibrium explores the post–World War II transformation of economics by constructing a history of the proof of its central dogma—that a competitive market economy may possess a set of equilibrium prices. The model economy for which the theorem could be proved was mapped out in 1954...
Persistent link: https://www.econbiz.de/10011082750
Complexity science—made possible by modern analytical and computational advances—is changing the way we think about social systems and social theory. Unfortunately, economists’ policy models have not kept up and are stuck in either a market fundamentalist or government control narrative....
Persistent link: https://www.econbiz.de/10011082757
Finding Equilibrium explores the post–World War II transformation of economics by constructing a history of the proof of its central dogma—that a competitive market economy may possess a set of equilibrium prices. The model economy for which the theorem could be proved was mapped out in 1954...
Persistent link: https://www.econbiz.de/10011082765