In some recent papers, such as Elliott & van der Hoek, Hu & Öksendal, a fractional Black-Scholes model have been proposed as an improvement of the classical Black-Scholes model. Common to these fractional Black-Scholes models, is that the driving Brownian motion is replaced by a fractional...

This paper proposes a data-driven approach, by means of an Artificial Neural Network (ANN), to value financial options and to calculate implied volatilities with the aim of accelerating the corresponding numerical methods. With ANNs being universal function approximators, this method trains an...

This book is a collection of papers for the Special Issue "Quantitative Methods for Economics and Finance" of the journal Mathematics. This Special Issue reflects on the latest developments in different fields of economics and finance where mathematics plays a significant role. The book gathers...

This paper develops a fully-fledged statistical arbitrage strategy based on a mean-reverting jump-diffusion model and applies it to high-frequency data of the S&P 500 constituents from January 1998-December 2015. In particular, the established stock selection and trading framework identifies...

Wenn Siemens oder SAP, IBM oder T-Systems Software in Indien entwickeln lassen, dann ist das ein Beispiel für Offshoring. Vor allem um die Folgen für die Beschäftigung in Deutschland gibt es eine lebhafte Kontroverse, die von Unternehmen und Unternehmensberatungen offensiv geführt wird. Zur...

The paper presents a dynamic perspective on the landscape of Free/Libre/Open Source Software (FLOSS) developers' motivations and tries to isolate mechanisms sustaining developers' contribution over time. The first part of the paper uses data gathered by the empirical studies relative to the...

Logistics commands a huge variety of dynamic developments, driven by techno-logical, organizational as well as market changes. Within this dynamic environ-ment, logistics management demands a competent and flexible workforce, up-dated by current training and qualification tools. Publication of...