Das Vertrauen der Bevölkerung gegenüber der Wissenschaft hängt in starkem Maß von der Art der Vermittlung wissenschaftlicher Erkenntnisse ab. Dabei ist es entscheidend, durch eine adäquate Interpretation statistischer Analysen eine vernünftige Bewertung der Zuverlässigkeit...

Financial education programs enjoy widespread governmental and financial industry support. They are considered an important tool for improving financial literacy, encouraging financial inclusion, and increasing consumer financial protection. Therefore, assessing their effectiveness is important...

Spanish Abstract: En este ensayo muestro que los modelos teóricos en finanzas y economía se usan de un modo que los vuelven “camaleones”, y que los camaleones devalúan la moneda intelectual y enturbian los debates de política. Un modelo se convierte en camaleón cuando se basa en...

En este ensayo muestro que los modelos teóricos en finanzas y economía se usan de un modo que los vuelven “camaleones”, y que los camaleones devalúan la moneda intelectual y enturbian los debates de política. Un modelo se convierte en camaleón cuando se basa en supuestos con conexiones...

In many areas of science including business disciplines, statistical decisions are often made almost exclusively at a conventional level of significance. Serious concerns have been raised that this contributes to a range of ill-practices such as p-hacking and data-mining that undermine research...

" Switzerland is the growth laggard in the industrial world " - this dismal view has become part and parcel of today's conventional wisdom in Switzerland and elsewhere. We show it to be but partially true : accurate when judged by the trend growth rate of officially recorded real GDPs in...

In the physical sciences, order and disorder refer to the presence or absence of some symmetry or correlation in a many-particle system. It follows that it is important to examine whether there is any regularity hidden in the phase transition of the disorder-order relationship. In this paper a...

I derive a rigorous method to help determine whether a true parameter takes a value between two arbitrarily chosen points for a given level of confidence via a multiple testing procedure which strongly controls the familywise error rate. For any test size, the distance between the upper and...

Inference using large datasets is not nearly as straightforward as conventional econometric theory suggests when the disturbances are clustered, even with very small intra-cluster correlations. The information contained in such a dataset grows much more slowly with the sample size than it would...