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The Why of the Applicability of Statistical Physics to Economics [PDF]
We analyze the relationships between game theory and quantum mechanics and the extensions to statistical physics and information theory. We use certain quantization relationships to assign quantum states to the strategies of a player. These quantum states are contained in a density operator which describes the new quantum system.
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Stability in Distribution of Randomly Perturbed Quadratic Maps as Markov Processes
Iteration of randomly chosen quadratic maps defines a Markov process: X_{n+1}=\epsilon_{n+1}X_n(1-X_n), where \epsilon_n are i.i.d. with values in the parameter space [0,4] of quadratic maps F_{\theta}(x)=\theta x(1-x). Its study is of significance as an
Bhattacharya, Rabi, Majumdar, Mukul
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Estimation of simultaneous equation models by backpropagation method using stochastic gradient descent [PDF]
Simultaneous equation model (SEM) is an econometric technique traditionally used in economics but with many applications in other sciences. This model allows the bidirectional relationship between variables and a simultaneous relationship between the ...
Belén Pérez-Sánchez +3 more
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The application of statistical methods to assess economic assets
The article is devoted to consideration and evaluation of machinery, equipment and special equipment, methodological aspects of the use of standards for assessment of buildings and structures in current prices, the valuation of residential, specialized houses, office premises, assessment and reassessment of existing and inactive military assets, the ...
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Interval-Based Hypothesis Testing and Its Applications to Economics and Finance
This paper presents a brief review of interval-based hypothesis testing, widely used in bio-statistics, medical science, and psychology, namely, tests for minimum-effect, equivalence, and non-inferiority.
Jae H. Kim, Andrew P. Robinson
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The determinants of United Kingdom student visa demand from developing countries [PDF]
This paper analyzes the demand for UK educational services by international students through investigating the demand for student visas to the UK from 89 developing countries covering the period 2001 to 2008. The substantive findings of this research are
Jena, Farai, Reilly, Barry
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Teacher self-efficacy is one of the most critical factors influencing students’ learning outcomes. Accordingly, school reforms globally have advocated professional learning communities (PLCs) as a school-level approach for improving teachers ...
Mumuni Baba Yidana +1 more
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Outliers in dynamic factor models
Dynamic factor models have a wide range of applications in econometrics and applied economics. The basic motivation resides in their capability of reducing a large set of time series to only few indicators (factors). If the number of time series is large
Baragona, Roberto, Battaglia, Francesco
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Child adoption matching: preferences for gender and race [PDF]
This paper uses a new dataset on child-adoption matching to estimate the preferences of potential adoptive parents over US-born and unborn children relinquished for adoption. We identify significant preferences favoring girls and against African American
Baccara, Mariagiovanna +3 more
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Recognising and building on freshman students' prior knowledge of economics [PDF]
The results of three surveys of freshman economics students (2008-2010) at the Waikato Management School, New Zealand, suggest that incoming students have significant levels of prior economics knowledge.
Cameron, Michael Patrick, Lim, Steven
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