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Heterogeneous expectations and exchange rate dynamics [PDF]
This article presents a continuous-time model of exchange rates not only relying on macroeconomic factors but also having an investor heterogeneity component. The driving macroeconomic factor is the domestic–foreign interest rate differential, while the investor heterogeneity is described by the expectations of boundedly rational portfolio managers who
Carl Chiarella, Xue-Zhong He, Min Zheng
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Sports clubs in different levels of professionalisation show different organisational problems (Lang et al., 2022). At the same time, one part of the key responsibilities of sports federations as umbrella organisations is the needs-based support of ...
Luc Schulz +2 more
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HETEROGENEOUS EXPECTATIONS AND ASSET PRICE DYNAMICS [PDF]
Within the seminal asset-pricing model by Brock and Hommes (Journal of Economic Dynamics Control 22, 1235–1274, 1998), heterogeneous boundedly rational agents choose between a fixed number of expectation rules to forecast asset prices. However, agents’ heterogeneity is limited in the sense that they typically switch between a representative technical ...
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Heterogeneous Differential Privacy
The massive collection of personal data by personalization systems has rendered the preservation of privacy of individuals more and more difficult. Most of the proposed approaches to preserve privacy in personalization systems usually address this issue ...
Mohammad Alaggan +2 more
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THE CONTRADICTIOUS EXPECTATIONS OF THE ACTORS OF THE TOURISM ORGANIZATIONAL AND CONSUMER MARKET IN SUSTAINABLE DESTINATION DEVELOPMENT [PDF]
The Lower-Ipoly area, located in the north-central region of Hungary, has linear extension. In terms of the specific location and the unfavourable demographics tourism development faces difficulties in this heterogeneous area. The aim of the research is
Anita MONDOK +5 more
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Student Earnings Expectations: Heterogeneity or Noise? [PDF]
Students’ choices in education can only be based on expected outcomes. Econometric models that infer expectations based on ex post outcomes impose a rational structure of expectations on school performance and post-graduation earnings. Direct surveys suggest much ignorance and fuzziness.
Díaz Serrano, Lluís +4 more
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Expectations of a Post-Wwii Depression
The forecast of a Post-WWII depression is contrasted against the vigorous growth that actually happened. Economists called for continued control over the economy to prevent the feared depression.
Clifford F. Thies
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Cognitive Heterogeneous Network (CHN) is a network that provides heterogeneous services on a cognitive radio basis. The existence of such heterogeneous services introduces a syndrome of concurrent problems.
Samar M. Hassan +2 more
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Expectation-based types of voluntary sports clubs in regional sports federations
Sports federations as non-profit organizations play a crucial role for organized sports activities of the population. However, one key responsibility of sports federations is providing needs-based support services to affiliated member sports clubs.
Luc Schulz +2 more
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On the Economic Rationality of Market Participants: The Case of Expectations in the U.S. Pork Market
This study investigates the nature of price expectations in a competitive market. The approach is illustrated in an application to the U.S. pork market, which exhibits cyclical patterns and biological production lags.
Jean-Paul Chavas
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