Steroid hormones, such as testosterone, have been shown to affect risk preferences in humans with high levels leading to excessive risk-taking. Hormone levels, in turn, are affected by trading outcomes as well as by gender -- males are more sensitive to stimuli than females. We investigate the...

We analyze the role of auctions in managing the default of a clearing member in a generic central counterparty (CCP). We first consider three established alternative sealed bid auction formats in which clearing members simultaneously submit bids for a defaulting clearing member's portfolio:...

We study a dynamic stochastic general equilibrium model in which agents are concerned about model uncertainty regarding climate change. An externality from greenhouse gas emissions damages the economy's capital stock. We assume that the mapping from climate change to damages is subject to...

This study uses a pattern causality theory to identify the complex interdependence (positive, negative, and dark) and systemically-important individuals among the returns of 37 commodity futures in China. Positive and dark causality are found to play dominant and stable roles; both are closely...

This paper employs the survival method to investigate the conditions of export survival using Chinese bilateral export data at the 6-digit HS level over the period 2002-2019. While aggregated export flows are highly persistent, export spells defined by product-destination portfolio are pretty...

Prior works offer compelling evidence that on the demand side of the market, user-generated online product reviews play a very important role in informing consumers' purchase decisions. On the supply side, however, the interplay between online product reviews and firm strategies is less...

Market surveillance systems (MSS) are information systems that monitor financial markets to combat market abuses. Existing MSS mainly focus on analyzing trading activities and are often developed through a trial-and-error approach by screening data mining algorithms and features. The void of...

Plastics biodegradation by insect larvae is regarded as an emerging strategy for the disposal of resistant plastic wastes. Larvae of superworms (Zophobas atratus Fab.) and mealworms (Tenebrio molitor Fab.) can survive on sole plastic diets. However, no side-by-side comparison of plastics...

Developing high-performance energy storage materials is crucial to alleviate the energy crisis. Recently, newly experimentally synthesized graphene derivatives, four-nitrogen coordinated transition-metal embedded graphene (TMN4-G), have attracted considerable attention as sensitive material and...

Background: Per- and polyfluoroalkyl substances (PFASs) questions have become increasingly prominent in the fields of ecotoxicology and public health. More crucially, exposure to long-chain PFASs frequently produces developmental toxicity, prompting the large-scale production and use of...