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Efficiency of South Asian capital markets: An empirical analysis

Mishra, P. K. - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 6 (2012) 1, pp. 27-34

In recent years, especially in the aftermath of the global financial meltdown, the performance of South Asia capital markets has attracted the attention of the researchers and investors across the globe. The resilient shown provides the impetus to examine the efficient market hypothesis in these...

Persistent link: https://www.econbiz.de/10011938297

Characteristics of Terrorism

Pittel, Karen; Rübbelke, Dirk - 2009

just obeying and, hence, to be irrational. In this paper we offer a different approach which postulates rationality of all …

Persistent link: https://www.econbiz.de/10011753167

Decision Processes of a Suicide Bomber – Integrating Economics and Psychology

Pittel, Karen; Rübbelke, Dirk T. G. - 2009

This paper provides a theoretical analysis regarding the rationality of suicide attacks from an economist’s point of … psychological concepts of cognitive dissonance and terror management theory into our economic analysis, we demonstrate why … – although predicted by standard economic theory – defection is a phenomenon rarely observed. We finally present some policy …

Persistent link: https://www.econbiz.de/10011753170

Financial Markets as Nonlinear Adaptive Evolutionary Systems

Hommes, Cars H. - 2001

Recent work on complex adaptive systems for modeling financialmarkets is surveyed. Financia1 markets areviewed as evolutionary systems between different, competing tradingstrategies. Agents are boundedly rational inthe sense that they tend to follow strategies that have performedwell, according...

Persistent link: https://www.econbiz.de/10010324787

Liquidity and real equilibrium interest rates: a framework of analysis

Stracca, Livio - 2005

This paper proposes a general equilibrium model with heterogeneous households and a financial market where each financial instrument provides liquidity services in addition to enabling a transfer of purchasing power over time. Importantly, liquidity services may be asymmetric according to...

Persistent link: https://www.econbiz.de/10011604588

Clustering techniques applied to outlier detection of financial market series using a moving window filtering algorithm

Puigvert Gutiérrez, Josep Maria; Fortiana Gregori, Josep - 2008

In this study we combine clustering techniques with a moving window algorithm in order to filter financial market data outliers. We apply the algorithm to a set of financial market data which consists of 25 series selected from a larger dataset using a cluster analysis technique taking into...

Persistent link: https://www.econbiz.de/10011604994

Financial services regulation

Crockett, Andrew; Ridley, Adam; Lamfalussy, Alexandre; … - 2003

Persistent link: https://www.econbiz.de/10015334317

Subjective rationality. The search for visually perceivable principles of order in urban research until 1975

Brünenberg, Stefanie - In: sub\urban : Zeitschrift für kritische Stadtforschung 10 (2022) 2/3, pp. 43-69

"spatial value number" reveals the incompatibility of rationality and aesthetics: the individual urban experience cannot be …

Persistent link: https://www.econbiz.de/10013479445

Inefficient markets

Goeree, Jacob K.; Zhang, Jingjing - 2012

Traders' values and information typically consist of both private and common-value elements. In such environments, full allocative efficiency is impossible when the private rate of information substitution differs from the social rate (Jehiel and Moldovanu, 2001). We link this impossibility...

Persistent link: https://www.econbiz.de/10010316881

Can we make money with fifth-order autocorrelation in Japanese stock prices?

Tsutsui, Yoshiro; Hirayama, Kenjiro; Tanaka, Takahiro; … - 2005

We first report that one-minute returns on TOPIX have exhibited significant autocorrelation at five-minute intervals since 1997/98, which implies there is an arbitrage opportunity. Special quotes that are issued whenever there is a price jump in excess of a predetermined band seem to be the...

Persistent link: https://www.econbiz.de/10010332467