This paper investigates the effect of the 2008 financial crisis on informational efficiency by carrying out a long-memory analysis of European corporate bond markets. We compute the Hurst exponent for fifteen sectorial indices to scrutinise the time-varying behaviour of long-range memory, applying a shuffling technique to avoid short-term correlation. We find that the financial crisis has uneve...

Many scholars express concerns that herding behaviour causes excess volatility, destabilises financial markets, and increases the likelihood of systemic risk. We use a special formof the Strongly TypedGenetic Programming (STGP) technique to evolve a stockmarket divided into two groups—a small subset of artificial agents called ‘Best Agents’ and a main cohort of agents named ‘All Agents’. The ‘B...

The financial situation of undergraduate students remains a high-profile issue within the UK higher education sector, not least due to its perceived relationship with retention, well-being and success. This paper probes this question from a new direction, using concepts and approaches from the field of applied psychology to examine how students use various forms of credit and whether personalit...