On considère généralement qu'il n'existe pas d'évaluation correcte des rentes viagères au dix-septième siècle. Les institutions qui ont vendu de tels actifs financiers l'auraient donc fait déraisonnablement. On attribue communément à ces désordres la faillite des institutions de...

Les questions discutées dans l'Ars Conjectandi n'intéressent pas les économistes avant la transformation de la discipline en « science des choix », dans les années 1930. L'ouvrage de Jacques Bernoulli, comme certains travaux de ses neveux Nicolas et Daniel, marquent pourtant la naissance...

The market for autographs has become more open to international buyers since 1990. Our data set features a large sample of store and auction sales for selected authors every five years from 1960 to 2005. The estimation of a hedonic price function shows that page count, type of author, date and...

The market for autographs has become more open to international buyers since 1990. Our data set features a large sample of store and auction sales for selected authors every five years from 1960 to 2005. The estimation of a hedonic price function shows that page count, type of author, date and...

During the 1780?'s, some mathematicians addressed economic and statistical decision problems in the same way. Condorcet and Laplace in France, Tetens in Denmark applied a unique mathematical tool to compute both the bankruptcy probability of an insurance company and the estimation risk. Such...

Professor Stout's brilliant concept of disagreement-based speculation (in "Risk, Speculation, and OTC Derivatives: An Inaugural Essay for Convivium") calls for further developments and studies concerning implications for stability and resilience of the financial system over time. Moreover, it...