Are analysts? loss functions asymmetric? [PDF]
Recent research by Gu and Wu (2003) and Basu and Markov (2004) suggests that the well-known optimism bias in analysts? earnings forecasts is attributable to analysts minimizing symmetric, linear loss functions when the distribution of forecast errors is ...
D Peel, P F Pope, M A Clatworthy
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Asymmetric income and wealth effects in a non-linear error correction model of US consumer spending [PDF]
Various deviations from the Permanent Income consumption model with rational expectations have been discussed in the literature, including loss aversion and liquidity constraints.
Till van Treeck
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Asymmetric Exchange Rate Exposure and Industry Characteristics : Evidence from Japanese Data [PDF]
This paper investigates the asymmetric effects of exchange rate exposure on Japanese stock returns at the industry level.Using the asymmetric correlation test of Hong et al.(2007), we examine five major currencies against the yen and thirty-three ...
Hsu, Chih-Chiang, Yau, Ruey, Wu, Jyun-Yi
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Genetic Algorithm Assisted Minimum Bit Error Rate Multiuser Detection in Multiple Antenna Aided OFDM
, 2004 The family of minimum bit error rate (MBER) multiuser detectors (MUD) is capable of outperforming the classic minimum mean-squared-error (MMSE)MUDin term of the achievable bit-error rate (BER) owing to directly minimising the BER cost function.
Alias, M.Y., Hanzo, L., Chen, S.
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Optimal prediction under asymmetric loss [PDF]
Prediction problems involving asymmetric loss functions arise routinely in many fields, yet the theory of optimal prediction under asymmetric loss is not well developed.
Francis X. Diebold +1 more
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Asymmetric adjustment of the equilibrium relationship between the nominal interest rate and inflation rate [PDF]
This paper investigates the equilibrium relationship between the nominal interest rate and inflation rate in Japan using a threshold cointegration test, which allows for asymmetric adjustment.
Daiki Maki
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Should Courts always Enforce what Contracting Parties Write? [PDF]
We find an economic rationale for the common sense answer to the question in our title — courts should not always enforce what the contracting parties write. We describe and analyze a contractual environment that allows a role for an active court.
Andrew Postlewaite +2 more
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Exchange Rate Pass-Through to Manufactured Import Prices: The Case of Japan [PDF]
This paper examines the exchange rate pass-through to yen based manufactured import prices of Japan using asymmetric unit root and cointegration tests and asymmetric models.
Param Silvapulle +1 more
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Asymmetric Price Impacts of Order Flow on Exchange Rate Dynamics [PDF]
We generalize the portfolio shifts model advanced by Evans and Lyons (2002a; b), and develop the dynamic asymmetric portfolio shifts (DAPS) model by explicitly allowing for possible market under- and overreactions and for asymmetric pricing impacts of ...
Yongcheol Shin, Viet Hoang Nguyen
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Adaptive Minimum Bit Error Rate Beamforming
, 2005 An adaptive beamforming technique is proposed based on directly minimizing the bit error rate. It is demonstrated that this minimum bit error rate (MBER) approach utilizes the antenna array elements more intelligently, than the standard minimum mean ...
Ahmad, N.N., Hanzo, L., Chen, S.
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