Using a discrete version of the Ramsey Vintage Capital Model, we provide a characterization of the initial capital stocks compatible with a predefined scrapping time and a level of technical progress which generate feasible capital paths. From that characterization, it is proved that for a given...

The tendency of humans to shy away from using algorithms - even when algorithms observably outperform their human counterpart - has been referred to as algorithm aversion. We conduct an experiment to test for algorithm aversion in financial decision making. Participants acting as investors can...

The purpose of this study is to build a system that automatically generates an optimal strategy (AGOS) which can solve the business problem of maximizing the acceptance rate without taking more risks in loan approval process. This paper formulates the finding an optimal approval strategy of a...

The genuine savings criterion and the value of population in an economy with endogenous fertility rate / Kenneth J. Arrow, Alain Bensoussan, Qi Feng, and Suresh P. Sethi -- Continuous time overlapping generations models / Hippolyte d'Albis and Emmanuelle Augeraud-Véron -- Modeling technological...