The emerging or at least threatening “significance test crisis” in accounting has been prompted by a chorus across multiple physical and social sciences of dissatisfaction with conventional frequentist statistical research methods and behaviors, particularly the use and abuse of p-levels....

In Australia, access tariffs (rental charges) paid by third party users to the owners of energy transmission assets (e.g., gas pipelines) are determined by regulators on the basis of their depreciated optimized replacement cost (known as DORC). Reliance on the replacement cost, rather than...

Simulation evidence obtained within a Bayesian model of price-setting in a betting market, where anonymous gamblers queue to bet against a risk-neutral bookmaker, suggests that a gambler who wants to maximize future profits should trade on the advice of the analyst cum probability forecaster who...

This study examines the success of bets on Australian Football League (AFL) matches made by identifying panels of highly proficient forecasters and betting on the basis of their pooled opinions. The data set is unusual, in that all forecasts are in the form of probabilities. Bets are made "on...

This paper examines whether the identity of a broker involved in transactions contains information. Using a sample of transactions from the Australian Stock Exchange-where broker identity is transparent-we provide evidence that consecutive buyer-/seller-initiated transactions by the same broker...