Results 151 to 160 of about 32,516 (266)

Strategic Flip‐Flopping in Political Competition

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We study candidates' position adjustments in response to information about voters' preferences. Repositioning allows candidates to move closer to the median voter, but it incurs financial and electoral costs. In a subgame‐perfect equilibrium, candidates diverge from the center ex ante if the costs of adjustment are sufficiently large.
Gaëtan Fournier   +2 more
wiley   +1 more source

Limit Orders and Knightian Uncertainty

open access: yesInternational Economic Review, EarlyView.
ABSTRACT A wide variety of financial instruments allows risk‐averse traders to reduce their exposure to risk. This raises the question of what financial instruments allow ambiguity‐averse traders to reduce their exposure to ambiguity. We show in this paper that price‐contingent orders, such as limit orders, are sufficient: In a two‐period trading model,
Michael Greinecker, Christoph Kuzmics
wiley   +1 more source

Variance Matrix Priors for Dirichlet Process Mixture Models With Gaussian Kernels

open access: yesInternational Statistical Review, EarlyView.
Summary Bayesian mixture modelling is widely used for density estimation and clustering. The Dirichlet process mixture model (DPMM) is the most popular Bayesian non‐parametric mixture modelling approach. In this manuscript, we study the choice of prior for the variance or precision matrix when Gaussian kernels are adopted.
Wei Jing   +2 more
wiley   +1 more source

Early Algebra Affects Peer Composition. [PDF]

open access: yesEduc Eval Policy Anal
Brummet Q   +4 more
europepmc   +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

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