Results 111 to 120 of about 1,091 (231)
Never, Ever Getting Started: On Prospect Theory Without Commitment
Mathematical Finance, EarlyView.ABSTRACT Prospect theory is arguably the most prominent alternative to expected utility theory. We study the investment or gambling behavior of a prospect theory decision maker who is aware of his time‐inconsistency but lacks commitment. For the empirically relevant prospect theory specifications, we obtain the extreme prediction that such a decision ...
Sebastian Ebert, Philipp Strack
wiley +1 more source
Equilibrium Reward for Liquidity Providers in Automated Market Makers
Mathematical Finance, EarlyView.ABSTRACT We find the equilibrium contract that an automated market maker (AMM) offers to their strategic liquidity providers (LPs) in order to maximize the order flow that gets processed by the venue. Our model is formulated as a leader–follower stochastic game, where the venue is the leader and a representative LP is the follower.
Alif Aqsha +2 more
wiley +1 more source
On the Exact Limiting Distribution of a Volatility Target Index
Mathematical Finance, EarlyView.ABSTRACT Assuming a lognormal distribution for the underlying risky asset, we study the limiting distribution of a volatility target index as the rebalancing time step approaches zero. Two limit theorems (a strong law of large numbers and a central limit theorem) are established, and as an application, the exact limiting distribution is derived.
Xuan Liu, Michel Gauthier
wiley +1 more source
Re‐Imagining Regulatory Governance
Regulation &Governance, EarlyView.ABSTRACT This paper invites the readers to rethink regulatory governance by examining how trust‐based and rule‐based governance interact. To do this, it uses analytical narratives of three fictional polities: “Trustland”, “Regland”, and “Concordia”. Each polity represents a stylized model of governance: Trustland is anchored in trust‐based governance ...
David Levi‐Faur
wiley +1 more source
The Additive Logic of Epistemic Reasons: An Axiomatic Account
Theoria, EarlyView.ABSTRACT The article argues for a system of axioms that is meant to capture the logic of normative reasons for belief. The system concerns a primitive direct‐reason relation, a defined doxastic‐reason relation, and a primitive function for the revision of rational belief by reasons.
Hannes Leitgeb
wiley +1 more source
Proceedings in Applied Mathematics and Mechanics, Volume 26, Issue 4, December 2026.ABSTRACT The previously introduced X‐FFT solver permits solving three‐dimensional linear elastic homogenization problems with high accuracy and efficiency. Due to the extended finite element discretization (X‐FEM), matrix‐inclusion problems may be approximated with the error convergence of interface‐conforming finite elements.
Flavia Gehrig, Matti Schneider
wiley +1 more source
Ostrowski and Čebyšev type inequalities for interval-valued functions and applications. [PDF]
PLoS One, 2023 Guo J, Zhu X, Li W, Li H.
europepmc +1 more source
Perspectives of Earth and Space Scientists, Volume 7, Issue 1, December 2026.Abstract This work addresses the critical issue of science literacy and science communication for scientists, researchers, officials, organizations, and the general public. Effective communication and trust between these groups are essential, particularly as the severity and scope of disasters continue to increase.
J. M. Trivedi +2 more
wiley +1 more source
Global Networks, Volume 26, Issue 4, October 2026.ABSTRACT In ‘fly now, pay later’ systems across Southeast Asia, migrant domestic workers accrue a snowballing debt, through recruitment processes beginning in their source villages and ending in their employers’ homes, which they repay through salary deductions.
Charmian Goh +2 more
wiley +1 more source