In this paper we analyze asset returns models with diffusion part and jumps in returns with stochastic volatility either from diffusion or pure jump part. We consider different specifications for the pure jump part including compound Poisson, Variance Gamma and Levy α-stable jumps. Monte Carlo Markov chain algorithm is constructed to estimate models with latent Variance Gamma and Levy α−stable ...

This article was accepted under the editorship of David A. F. Haaga. This paper is drawn from a doctoral dissertation by the first author, entitled “Parenting and Family Support in Primary Care Settings,” which was supervised by the second author. Special thanks go to Dr. Jan Nicholson, School of Public Health, Queensland University of Technology, who as associate supervisor provided invaluable...

In this paper, a comparative study is carried using three nature-inspired algorithms namely Genetic Algorithm (GA), Particle Swarm Optimization (PSO) and Cuckoo Search (CS) on clustering problem. Cuckoo search is used with levy flight. The heavy-tail property of levy flight is exploited here. These algorithms are used on three standard benchmark datasets and one real-time multi-spectral satelli...

The Levy Economics Institute Working Paper Collection presents research in progress by Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals. The Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan, independently funded research organization devoted to publ...

In this article, stress analysis and energy estimation during cold-roll forming of symmetrical channel sections have been discussed. Geometry of sheet strip is pre-estimated by a shape function. Then longitudinal, transversal and shear strains have been calculated. Using both the Levy-Mises and the Prandtl Reuss equations, and also considering the Bauschinger effect, stress distributions have b...