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Persistent link: https://www.econbiz.de/10005443489
The paper proposes an original class of conditionally heteroskedastic models aimed to capture a new concept of …
Persistent link: https://www.econbiz.de/10005669219
An extremely simple proof of the K-K-M-S Theorem is given involving only Brouwer's fixed point theorem and some elementary calculus.
Persistent link: https://www.econbiz.de/10005669307
This paper takes a fresk look at testing hypotheses on dimensionality in the MANOVA model.
Persistent link: https://www.econbiz.de/10005641144
We prove that the recently proposed informational herding models are but special cases of a standard single person …
Persistent link: https://www.econbiz.de/10005748998
This paper puts forth a concept of Adptivety Rational Equilibrium (A.R.E) where agents base decisions upon predictions of future values of endogenous variables whose actual values are determined by equilibrium equations.
Persistent link: https://www.econbiz.de/10005443472
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This paper studies properties of stochastic objective functions, that is, objective functions which can be written as the expected value of a payoff function.
Persistent link: https://www.econbiz.de/10005574414
Persistent link: https://www.econbiz.de/10005630667
The appearance of the normal density remained unexplained in Mertens and Zamir's proof: it appeared there as the solution of a differential equation. Our proof however justifies this normal density as a consequence of a generalisation of the CLT discussed in the second part of this paper.
Persistent link: https://www.econbiz.de/10005634056