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The Ethical Mirage:A Temporal Explanation as to Why We Aren't as Ethical as We Think We Are
Forecasting and Prediction Ethics Behavior Cognition and Thinking Perception Prejudice and Bias
2015/4/21
This paper explores the biased perceptions that people hold of their own ethicality. We argue that the temporal trichotomy of prediction, action and evaluation is central to these misperceptions: Peop...
Exponential wealth distribution in a random market. A rigorous explanation
economic gas-like initial wealth wealth distribution
2011/3/31
In simulations of some economic gas-like models, the asymptotic regime shows an exponential wealth distribution, independently of the initial wealth distribution given to the system. The appearance of...
Arbitrage hedging strategy and one more explanation of the volatility smile
step-like contrast structure semi-linear parabolic equation arbitrage option hedging strategy volatility smile
2011/3/23
We present an explicit hedging strategy, which enables to prove arbitrageness of market incorporating at least two assets depending on the same random factor. The implied Black-Scholes volatility, com...
Bureaupreneurs in China: we did it our way A comparative study of the explanation of the economic successes of townvillage-enterprises in China
Bureaupreneurs in China A comparative study explanation of the economic successes townvillage-enterprises in China
2014/6/25
This article explores the different and sometimes conflicting explanations of the success of the collective enterprises (town-village-enterprise) in China during the first phase of transition (1979-19...
COMPETITION IN THE UK GAS INDUSTRY An explanation of the events occurred at St Fergus and Bacton in Summer and Autumn 1998
UK GAS INDUSTRY St Fergus and Bacton Summer and Autumn
2014/6/27
In Summer and Autumn 1998 a series of singular events occurred at the two main gas terminals on the UK mainland. At St Fergus, in Scotland, shippers wanted to input more gas than what was physically p...