As investors welcome the “Information Age,” they encounter a “Sleepy Age” with a great deficit in sleep. Nevertheless, investors also possess a capability of fast thinking that is effortless and automatic, although fast thinking leads to biased judgments and inferior outcomes. From an...

The world has witnessed the rapid development of digital finance and its significant contribution to the economy. Under the theoretical model of criminal economics, this paper explores the social effects of digital finance from the perspective of crime using the unique household survey data in...

This study estimates causal effects of traffic congestion on air quality in local areas within a city, highlighting spatial variations in local traffic, local air pollution, and health risks to residents due to local pollutant exposure. We employ a large size taxi driving trajectory data to...

This paper presents a binary optimization framework for modeling dynamic resource allocation problems. The framework (a) allows modeling flexibility by incorporating different objective functions, alternative sets of resources and fairness controls; (b) is widely applicable in a variety of...