In this paper models for the prediction of matches in the German Soccer Bundesliga are estimated. In a frst step the expected difference of the number of goals is estimated on the basis of estimated abilities of the teams. Here, a focus lies on the necessity of robust parameter estimation. In a...

Replicator dynamics and replication as used in evolutionary algorithms are, due to their most basic forms, structurally the same. This short note will prove this thesis. Although this finding is clear cut and easy to show, it is of great importance for the not yet united families of game...

We extend the WACC approach to a tax system having a firm income tax and a personal income tax of the investor as well. We use an artificial tax system incorporating most of the G-7 national tax codes as for example the classical or the imputation systems. On our website (www.wacc.de) WACC...

Many time series exhibit unconditional heteroskedasticity, often in addition to conditional one. But such time-varying volatility of the data generating process can have rather adverse effects when inferring about its persistence; e.g. unit root and stationarity tests possess null distributions...