Large Bayesian VARs with stochastic volatility are increasingly used in empirical macroeconomics. The key to make these highly parameterized VARs useful is the use of shrinkage priors. We develop a family of priors that captures the best features of two prominent classes of shrinkage priors:...

This paper investigates whether there is a link between numeracy skill and choice consistency using a population of roughly 250 patients enrolled on the waiting list for kidney transplantation in Italy. Patients participate in a discrete choice experiment (DCE) measuring time and risk...

A mathematical model for the hit phenomenon in entertainment within a society is presented as a stochastic process of interactions of human dynamics. The calculations for the Japanese motion picture market based on to the mathematical model agree very well with the actual residue distribution in...