We investigate the diffusion motion of a Brownian particle which is acted upon by both a friction force with memory effect and a noise. The noise is expressed as f(X,t) ~ X-0̄F(t), σ 0, where X and t are the displacement and time, respectively, and F(t) has the long-time correlation effect...

We investigate the extent to which hedge fund managers smooth self-reported returns. In contrast to prior research on the "anomalous" properties of hedge fund returns, we observe the mechanisms used to price the fund's investment positions and report the fund's performance to investors, thereby...

I theoretically develop and empirically investigate the role of industry and startup experience on the forecast performance of 2304 entrepreneurs who have started new businesses. Using the Kauffman Firm Survey I show that industry experience is associated with more accurate and less biased...