We propose a new set of stylized facts quantifying the structure of financial markets. The key idea is to study the combined structure of both investment strategies and prices in order to open a qualitatively new level of understanding of financial and economic markets. We study the detailed...

We propose an empirical behavioral order-driven (EBOD) model with price limit rules, which consists of an order placement process and an order cancellation process. All the ingredients of the model are determined based on the empirical microscopic regularities in the order flows of stocks traded...

Purpose - This study examines the impact of college education on incorporated and unincorporated selfemployments. It specifically compares the effects on African Americans and Hispanics with the effects on Whites. Design/methodology/approach - The study sample was drawn from the US Current...