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Priority Uncertainty and Cutoff Signals in Decentralized College Admissions
Sato, Hiroto; Shirakawa, Ryo - 2022
strategies, showing that the cutoff signals implement all implementable state-independent distributions of students across …
Persistent link: https://www.econbiz.de/10014237344
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The Efficiency of Negotiations with Uncertainty and Multi-Dimensional Deals
Jackson, Matthew O. - 2020
We develop a theory of negotiation in which deals have multiple dimensions that can be bundled together. We use theory …
Persistent link: https://www.econbiz.de/10012852563
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Risky Higher Education and Subsidies
Akyol, Ahmet - 2012
savings. However, subsidies also encourage more poorly prepared students to attend and are usually financed via distortionary …
Persistent link: https://www.econbiz.de/10013097131
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UNISWAP : Impermanent Loss and Risk Profile of a Liquidity Provider
Aigner, Andreas A.; Dhaliwal, Gurvinder - 2021
Uniswap is a decentralized exchange (DEX) and was first launched on November 2, 2018 on the Ethereum mainnet [1] and is part of an Ecosystem of products in Decentralized Finance (DeFi). It replaces a traditional order book type of trading common on centralized exchanges (CEX) with a...
Persistent link: https://www.econbiz.de/10013220350
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Overpricing persistence in experimental asset markets with intrinsic uncertainty
Sornette, Didier; Andraszewicz, Sandra; Wu, Ke; Murphy, … - 2020
To study coordination in complex social systems such as financial markets, the authors introduce a new prediction market set-up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is known, and thus its rationality can be evaluated. In two...
Persistent link: https://www.econbiz.de/10012231540
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Overpricing persistence in experimental asset markets with intrinsic uncertainty
Sornette, Didier; Andraszewicz, Sandra; Wu, Ke; Murphy, … - 2019
To study coordination in complex social systems such as financial markets, the authors introduce a new prediction market set -up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is known, and thus its rationality can be evaluated. In two...
Persistent link: https://www.econbiz.de/10012001782
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Zero settlement risk token systems
Lee, Michael Junho; Martin, Antoine; Townsend, Robert M. - 2024
How might modern settlement systems with distributed ledger technology achieve zero settlement risk? We consider the design of settlement systems that satisfies two integral features: information-leakage proof and zero settlement risk. Legacy settlement systems partition private information but...
Persistent link: https://www.econbiz.de/10015069780
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Optimal design of tokenized markets
Lee, Michael Junho; Martin, Antoine; Townsend, Robert M. - 2024
Trades in today's financial system are inherently subject to settlement uncertainty. This paper explores tokenization as a potential technological solution. A token system, by enabling programmability of assets, can be designed to eradicate settlement uncertainty. We study the allocations...
Persistent link: https://www.econbiz.de/10015069781
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The return to college : selection bias and dropout risk
Hendricks, Lutz; Leukhina, Oksana - 2014
of all college students fail to earn a bachelor's degree, we study a model of risky college completion. The central idea … is that students drop out of college mainly because they fail to complete the requirements for earning a degree. This … introduces two levels of ability selection that reinforce each other. (i) In college, low ability students typically do not …
Persistent link: https://www.econbiz.de/10010338707
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Exploring heterogeneity in the value of a statistical life : cause of death v. risk perceptions
Alberini, Anna; Ščasný, Milan - In: Ecological economics : the transdisciplinary journal of … 94 (2013), pp. 143-155
Persistent link: https://www.econbiz.de/10010210880