As the title suggests, this paper compares two “formula” or mechanical investment techniques, dollar cost averaging and a relatively new proposal, value averaging, to a form of random investing to determine if any technique yields superior investment performance. Results indicate that value averaging does provide superior expected investment returns when investment prices are quite volatile and...

The mobile online medium (i.e. mobile data communication) allows the creation of context-sensitive profiles for mobile consumers by using identityand context information and thereby enabling the efficient targeting of current consumers' needs. However, current implementations of Mobile Marketing activities do not make use of these beneficial unique features and apply, for instance, content-base...

We separate the “rentier” portion of the budget constraint of the representative agent from the “income-plus-distributed profits” segment. The former’s wealth consists exclusively of returns on government bonds, the latter’s wealth is wage income from working for firms plus the distributed profits of the latter. The non-neoclassical element is the non-imposition of the market-clearing assumptio...

The article addresses an issue that could result in profound changes in the ability of the United States to resolve the most pressing humanitarian and global problems of our times. It provides an analysis of the tools required to enable US donors to do more good. In an efficient market, capital ends up in its most productive use. In charitable giving, donations are not always allocated to their...

The electrification of today’s vehicles and the high amount of new assistance features imply more and more complex systems. The sensing and controlling of these systems is the work of the highly distributed and connected electronic control units. To keep pace with the fast growing automotive market, reusability of components and features is today the key to reduce costs and time-to-market. Espe...

This paper challenges the increasingly common view that the findings of behavioural economics constitute a fourth type of market failure. The market failure framework elevates the standard competitive market model to the status of an ideal. It provides us with tools to identify departures from the ideal model and to deduce a direction policy might take to restore it. Many behavioural phenomena ...

Presently, a multiplicity of trading systems provide electronic markets with various market rules to professional and private investors in different sectors. This range only partially reflects the individual requirements dependent on the type of product and the environmental context of the trade. There is need for individual solutions satisfying these specific requirements regarding the tradabl...

In recent years, social, economic and fiscal factors have produced strong modifications of the Italian real estate market, that currently appears as a complex system characterized by continuous transformation. In this context, for real estate operators the use of “slender” tools, able i) to operate even on limited data, ii) to automatically capture from data the causal relations between explana...

While studies in other industries suggest that firm type, firm size, and time are important factors that explain the cross-sectional variations in abnormal stock market returns, studies in the area of IS security are inconclusive. In this study, we examine whether the characteristics of the incident – Attacker type, attacker’s objective, results of the attack, attack tools and access type influ...