Meanwhile, having generally enjoyed low and stable prices since the early 2000s, most of the key economies in the world are now going through the final phase of a boom and bust cycle in asset (housing) prices based upon liquidity expansion, owing to sustained low interest rates and financial market innovations such as derivatives. In this regard, the argument may be put forward that monetary po...

This paper theoretically and experimentally investigates the behavior of asymmetric players in guessing games. The asymmetry is created by introducing $$r>1$$ replicas one players. Two-player restricted N-player cases are examined detail. Based on model parameters, equilibrium either unique which all choose zero or mixed weak player ( $$r=1$$ ) imitates strong ). A series experiments involving ...

It is possible to control to a large extent, via semiproper forcing, the parameters (β0, β1) measuring the guessing density of the members of any given antichain of stationary subsets of ω1 (assuming the existence of an inaccessible limit of measurable cardinals). Here, given a pair (β0, β1) of ordinals, we will say that a stationary set S ⊆ ω1 has guessing density (β0, β1) if β0 = γ(S) and β1 ...

In a variety of purchasing situations, consumers may focus primarily on headline prices, disregarding the full costs associated with acquiring and maintaining product or service contract. Even when this is case, literature has delineated various circumstances where intense competition can protect through so-called “waterbed effect.” article, we however show that have context-dependent preferenc...

I was disappointed and saddened by the carelessness of the title ‘Going to war does not have to hurt’ in the June issue of the Journal (Hacker Hughes et al, 2005). One does not even have to mention the considerable number of British casualties in Iraq to realise that this headline is completely ill thought out and a particularly misplaced euphemism that fails to appreciate that war in modern ti...