Running is priced by the step

Priced Learning

In iterative learning the memory of the learner can only be updated when the hypothesis changes; this results in only finitely many updates of memory during the overall learning history. Priced learning relaxes this constraint on the update of memory by imposing some price on the updates of the memory – depending on the current datum – and requiring that the overall sum of the costs incurred ha...

Interaction of step length and step rate during sprint running.

UNLABELLED A "negative interaction" between step length and step rate refers to an increase in one factor resulting in a decrease in the other. PURPOSES There were three main purposes: a) to investigate the relative influence of the determinants of step length and step rate, b) to determine the sources of negative interaction between step length and step rate, and c) to investigate the effect...

The Priced-Timed Maude Tool

Is Default Event Risk Priced in Corporate Bonds?

We identify and estimate the sources of risk that cause corporate bonds to earn an excess return over default-free bonds. In particular, we estimate the risk premium associated with a default event. Default is modelled using a jump process with stochastic intensity. For a large set of firms, we model the default intensity of each firm as a function of common and firm-specific factors. In the mo...

Is Real Interest Rate Risk Priced? Theory and Empirical Evidence

We propose a model in which real interest rates respond to both expected consumption growth and time preferences. Exposures to future consumption growth and time preference interest rate shocks are both priced relative to the Capital Asset Pricing Model (CAPM) and the Consumption Capital Asset Pricing Model (CCAPM). However, the two types of interest rate risk have different prices, and when el...