The focus of my research is on theoretical problems at the interface between machine learning and microeconomics. This interface is broad, spanning domains such as crowdsourcing and prediction markets, to finance and algorithmic game theory. I am particularly interested in applying machine learning theory to economic domains, such as using coordinate descent to understand market behavior, and c...

The paper investigates the effects of macroeconomic conditions on firms’ capital structure. We introduce a repeated lender-borrower interaction that allows for debt and equity financing to co-exist as optimal securities in every period. The presence of asymmetric information in the market for loans is responsible for endogenous fluctuations to take place.It is possible to state sufficient condi...

This paper examines the influence of board informal hierarchy on corporate financial restatement behavior. Taking enterprises listed in Shenzhen and Shanghai A-share markets as research sample, behavior also explores regulating effects three situational factors: size, number meetings, performance pressure. The results show that: clearer hierarchy, more it will inhibit firms. Meanwhile, size neg...

Links [1] https://www.uoguelph.ca/finance/departments-services/budgeting/20152016-operating-budget-forecast-guideline [2] https://www.uoguelph.ca/finance/system/files/Forecast%20Carryforward%20Summary%201617.xlsx [3] https://www.uoguelph.ca/finance/system/files/Chairs%20Endowed%20Policy%20final%20feb%2022_0.pdf [4] https://www.uoguelph.ca/finance/system/files/Carryforward%20Policy%20Guideline_0...

The MTE (mixture of truncated exponentials) model was introduced as a general solution to the problem of specifying conditional distributions for continuous variables in Bayesian networks, especially as an alternative to discretization. In this paper we compare the behavior of two different approaches for constructing conditional MTE models in an example taken from Finance, which is a domain we...

*Correspondence: [email protected] School of Statistics, Jiangxi University of Finance and Economics, Nanchang, Jiangxi 330013, China Abstract Equations driven by fractional Brownian motion are attracting more and more attention. This paper considers fractional stochastic differential equations with distributed delay. With the variation-of-constants formula, an explicit expression and asymptotic ...

Vintage capital models such as Solow model, Ramsey model, two-factor model, and models with endogenous technological change are discussed to demonstrate a variety of applications of nonlinear integral models to mathematical economics and finance. For each model an optimal control problem is formulated and basic results about the existence and asymptotic behavior of a solution are provided. 2005...

This study aims to analyze the effect of financial literacy on behavior in community Malang district. The design and approach used is mix method. data this are primary form public, secondary institution information Regency. Samples farmers 33 districts were selected using Multi Stage Random Sampling. Data was collected by observing, interviewing distributing questionnaires. result showed that i...

The main purpose of this paper is to trace epistemological roots of conventional and Islamic finance. Based on an extensive literature review, this paper aims to highlight, explain, and discuss an ideal conventional and Islamic financial system. The ideal conventional financial system is discussed in light of various writings by Smith and Arrow, based on Arrow-Debreu model. On the other ...

A the continuous time finance system with distributed time delay is firstly proposed and the complex dynamic behavior of the system is investigated in this paper. The system shows complex dynamics such as periodic, quasi-periodic, Hopf bifurcation, and chaotic behaviors, the theoretical results obtained in this paper are confirmed by numerical simulations. The model thus offers an explanation o...