In this note, I conduct an empirical investigation of the affine stochastic discount factor model proposed by Backus, Foresi and Telmer (2001), who showed that such a model might be able to explain the forward premium anomaly. Evidence presented here suggests that the model can reproduce the...

We analyze how consumer spending is affected by the news coverage of the investigation into coordination between Donald Trump's presidential campaign and Russia. Using daily consumption data, we found that Republicans and Democrats responded differently to the news. Increased media coverage led...

In this article, we derive a solution for a linear stochastic model on a complex time domain. In this type of models, the time domain can be any collection of points along the real number line, so these models are suitable for problems where events do not occur at evenly-spaced time intervals....

In this paper, we demonstrate how to model a discrete-time dynamic process on a non-periodic time domain with applications to operations research. We introduce a discrete-time model of inventory with deterioration on domains where time points may be unevenly spaced over a time interval. We...

In this note, I conduct an empirical investigation of the affine stochastic discount factor model proposed by Backus, Foresi and Telmer (2001), who showed that such a model might be able to explain the forward premium anomaly. Evidence presented here suggests that the model can reproduce the...

I use data for 331 students who, combined, took 2,230 quizzes in an introductory statistics class. I compare the actual quiz scores with students' post-test predictions of what their scores would be to study how well the students can judge their own performance. I find that (1) self-evaluations...