Results 1 - 10 of 5,018

Choices, values and frames.

by Daniel Kahneman - American Psychologist, , 1984
"... Making decisions is like speaking prose-people do it all the time, knowingly or unknowingly. It is hardly surprising, then, that the topic of decision making is shared by many disciplines, from mathematics and statistics, through economics and political science, to sociology and psychology. The stu ..."
Abstract - Cited by 684 (9 self) - Add to MetaCart
. In the second part we extend this analysis to transactions and trades. Risky Choice Risky choices, such as whether or not to take an umbrella and whether or not to go to war, are made without advance knowledge of their consequences. Because the consequences of such actions depend on uncertain events

Crowdsourcing user studies with Mechanical Turk

by Aniket Kittur, H. Chi, Bongwon Suh - Proc. CHI 2008, ACM Pres , 2008
"... User studies are important for many aspects of the design process and involve techniques ranging from informal surveys to rigorous laboratory studies. However, the costs involved in engaging users often requires practitioners to trade off between sample size, time requirements, and monetary costs. M ..."
Abstract - Cited by 461 (8 self) - Add to MetaCart
User studies are important for many aspects of the design process and involve techniques ranging from informal surveys to rigorous laboratory studies. However, the costs involved in engaging users often requires practitioners to trade off between sample size, time requirements, and monetary costs

The eucalyptus open-source cloud-computing system

by Daniel Nurmi, Rich Wolski, Chris Grzegorczyk, Graziano Obertelli, Sunil Soman, Lamia Youseff, Dmitrii Zagorodnov - In Proceedings of Cloud Computing and Its Applications [Online
"... Cloud computing systems fundamentally provide access to large pools of data and computational resources through a variety of interfaces similar in spirit to existing grid and HPC resource management and programming systems. These types of systems offer a new programming target for scalable applicati ..."
Abstract - Cited by 415 (9 self) - Add to MetaCart
Cloud computing systems fundamentally provide access to large pools of data and computational resources through a variety of interfaces similar in spirit to existing grid and HPC resource management and programming systems. These types of systems offer a new programming target for scalable

The Determinants of Credit Spread Changes.

by Pierre Collin-Dufresne , Robert S Goldstein , J Spencer Martin , Gurdip Bakshi , Greg Bauer , Dave Brown , Francesca Carrieri , Peter Christoffersen , Susan Christoffersen , Greg Duffee , Darrell Duffie , Vihang Errunza , Gifford Fong , Mike Gallmeyer , Laurent Gauthier , Rick Green , John Griffin , Jean Helwege , Kris Jacobs , Chris Jones , Andrew Karolyi , Dilip Madan , David Mauer , Erwan Morellec , Federico Nardari , N R Prabhala , Tony Sanders , Sergei Sarkissian , Bill Schwert , Ken Singleton , Chester Spatt , René Stulz - Journal of Finance , 2001
"... ABSTRACT Using dealer's quotes and transactions prices on straight industrial bonds, we investigate the determinants of credit spread changes. Variables that should in theory determine credit spread changes have rather limited explanatory power. Further, the residuals from this regression are ..."
Abstract - Cited by 422 (2 self) - Add to MetaCart
, contingent-claims pricing is most readily accomplished by pricing derivatives under the so-called risk-neutral measure, where all traded securities have an expected return equal to the risk-free rate (see Cox and Ross (1976) and Harrison and Kreps (1979)). In particular, the value of the debt claim

Trade, FDI, and the Organization of Firms

by Elhanan Helpman - JOURNAL OF ECONOMIC LITERATURE , 2006
"... New developments in the world economy have triggered research designed to better understand the changes in trade and investment patterns, and the reorganization of production across national borders. Although traditional trade theory has much to offer in explaining parts of this puzzle, other parts ..."
Abstract - Cited by 269 (6 self) - Add to MetaCart
New developments in the world economy have triggered research designed to better understand the changes in trade and investment patterns, and the reorganization of production across national borders. Although traditional trade theory has much to offer in explaining parts of this puzzle, other parts

Efficient Capital Market: II” ,

by Eugene F Fama , Fischer Black , David Booth , Michael Bradley , Michael Brennan , Stephen Buser , John Campbell , Nai-Fu Chen , John Cochrane , George Constantinides , Wayne Ferson , Kenneth French , Campbell Harvey , Richard Ippolito , Michael Jensen , Gautam Kaul , Josef Lakonishok , Bill Mcdonald , Robert Merton , Mark Mitchell , Sam Peltzman , Marc Reinganum , Jay Ritter , Harry Roberts , Richard Roll , G William Schwert , H Nejat Seyhun , Jay Shanken , Robert Shiller , Andrei Shleifer , Rex Sinquefield , Rene Stulz , Richard Thaler , Robert Vishny , Jerold Warner - Journal of Finance, No , 1991
"... SEQUELS ARE RARELY AS good as the originals, so I approach this review of the market efflciency literature with trepidation. The task is thornier than it was 20 years ago, when work on efficiency was rather new. The literature is now so large that a full review is impossible, and is not attempted h ..."
Abstract - Cited by 337 (0 self) - Add to MetaCart
here. Instead, I discuss the work that I find most interesting, and I offer my views on what we have learned from the research on market efficiency. I. The Theme I take the market efficiency hypothesis to be the simple statement that security prices fully reflect all available information. A

Taming the computational complexity of combinatorial auctions: Optimal and approximate approaches

by Yuzo Fujishima, Kevin Leyton-brown, Yoav Shoham , 1999
"... In combinatorial auctions, multiple goods are sold simultaneously and bidders may bid for arbitrary combinations of goods. Determining the outcome of such an auction is an optimization problem that is NP-complete in the general case. We propose two methods of overcoming this apparent intractability. ..."
Abstract - Cited by 288 (9 self) - Add to MetaCart
quickly and offers good anytime performance, and (b) in many cases our second method, despite lacking guarantees regarding optimality or running time, quickly reaches solutions that are nearly optimal. 1 Combinatorial Auctions Auction theory has received increasing attention from computer scientists

Toward a Geography of Trade Costs

by David Hummels , 1999
"... What are the barriers that separate nations? While recent work provides intriguing clues, we have remarkably little concrete evidence as to the nature, size, and shape of barriers. This paper offers direct and indirect evidence on trade barriers, moving us toward a comprehensive geography of trade c ..."
Abstract - Cited by 200 (9 self) - Add to MetaCart
What are the barriers that separate nations? While recent work provides intriguing clues, we have remarkably little concrete evidence as to the nature, size, and shape of barriers. This paper offers direct and indirect evidence on trade barriers, moving us toward a comprehensive geography of trade

Economic Models for Resource Management and Scheduling in Grid Computing

by Rajkumar Buyya, David Abramson, Jonathan Giddy, Heinz Stockinger , 2002
"... The accelerated development in Peer-to-Peer (P2P) and Grid computing has positioned them as promising next generation computing platforms. They enable the creation of Virtual Enterprises (VE) for sharing resources distributed across the world. However, resource management, application development an ..."
Abstract - Cited by 259 (24 self) - Add to MetaCart
functions through trading and brokering services. In a real world market, there exist various economic models for setting the price of services based on supply-and-demand and their value to the user. They include commodity market, posted price, tender and auction models. In this paper, we discuss the use

Interfirm Relationships and Informal Credit in Vietnam”

by John Mcmillan , Christopher Woodruff - Quarterly Journal of Economics, , 1999
"... Trading relations in Vietnam's emerging private sector are shaped by two market frictions: the difficulty of locating trading partners and the absence of legal enforcement of contracts. Examining relational contracting, we nd that a rm trusts its customer enough to offer credit when the custom ..."
Abstract - Cited by 233 (7 self) - Add to MetaCart
Trading relations in Vietnam's emerging private sector are shaped by two market frictions: the difficulty of locating trading partners and the absence of legal enforcement of contracts. Examining relational contracting, we nd that a rm trusts its customer enough to offer credit when
Results 1 - 10 of 5,018