Results 241 to 250 of about 6,695 (326)

Learning in random utility models via online decision problems

open access: yesInternational Journal of Economic Theory, EarlyView.
Abstract This paper examines the Random Utility Model (RUM) in repeated stochastic choice settings where decision‐makers lack full information about payoffs. We propose a gradient‐based learning algorithm that embeds RUM into an online decision‐making framework.
Emerson Melo
wiley   +1 more source

A Comparative Review of Specification Tests for Diffusion Models

open access: yesInternational Statistical Review, EarlyView.
Summary Diffusion models play an essential role in modelling continuous‐time stochastic processes in the financial field. Therefore, several proposals have been developed in the last decades to test the specification of stochastic differential equations.
A. López‐Pérez   +3 more
wiley   +1 more source

Standing on a common ground: a comparison of static stability approaches for pallet loading

open access: yesInternational Transactions in Operational Research, EarlyView.
Abstract At the practical level, the static stability constraint is one of the most important constraints in practical pallet loading problems, such as air cargo palletizing. Approaches to modeling static stability, which range from base support and mechanical equilibrium calculations to physical simulation, differ in workflow, focus, and assumptions ...
Philipp G. Mazur   +3 more
wiley   +1 more source

Monetary Policy When Preferences Are Quasi‐Hyperbolic

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley   +1 more source

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