We theoretically and experimentally study an investment game with fundamental state uncertainty and input complementarities—i.e., a global game environment. Our particular focus is on how a sentiment index, closely modeled after consumer confidence surveys, aggregates private information and influences investment. We find that a sentiment index produces very similar results to a highly informat...

"Padrón-type" peppers are a small variety of Capsicum annuum cultivated mainly in Galicia, Spain. To compare the effects of freezing and freeze-drying on the volatile components of Padrón-type peppers, preserved samples are analyzed by means of dynamic headspace sampling on an adsorbent followed by microwave desorption into a gas chromatograph equipped with a mass spectrometric detector. Sixty-...

this paper is an attempt to analyze the impact of income taxes and market capitalization on fixed investment (investment in tangible assets) by manufacturing companies listed on kse. this paper basically examines that how corporate income taxes affect fixed investment by reducing cash flow available for a firm to invest and how the firm size in the lights of market capitalization affects fixed ...

The growth-optimal portfolio is designed to have maximum expected log-return over the next rebalancing period. Thus, it can be computed with relative ease by solving a static optimization problem. The growthoptimal portfolio has sparked fascination among finance professionals and researchers because it can be shown to outperform any other portfolio with probability 1 in the long run. In the sho...

A comparison between heavily and lightly browsed Scots pine (Pinus sylvestris) trees revealed that the yield of volatile leaf oil and tree height were highly significantly different. Higher volatile oil yield was positively correlated with lightly browsed trees, and lower oil yield correlated with heavily browsed trees. Tree height was negatively correlated with terpenoid yield, indicating youn...

Decentralized finance (DeFi) has exploded in popularity with a billion-dollar market cap. While uncollateralized lending, known as flash loan, emerged from DeFi, it become primary tool used by attackers to drain investment tokens DeFi networks. The existing countermeasures seem practical, but no comprehensive quantitative analysis framework was available test them. This paper proposes the Flash...

We combine forward investment performance processes and ambiguity averse portfolio selection. We introduce the notion of robust forward criteria which addresses the issues of ambiguity in model specification as well as in preferences and investment horizon specification. It describes the evolution of dynamically–consistent ambiguity averse preferences. We first focus on establishing dual charac...

Aiming to unravel how animals perceive odors, a variety of neurophysiological techniques are used today. For olfactory stimulation, odors are commonly incorporated into a constant airstream that carries odor molecules to the receptor organ (air-delivered stimulation). Such odor delivery works well for odors of high volatility (naturally effective over long distances) but less or not at all for ...

Pinhooking is a speculative investment where investors assume a risk position in the purchase and resale of Thoroughbred horses. Thoroughbred auction markets provide a unique data set to analyze investment risk. This study estimates the profitability of weanling to yearling pinhooks sold at the Keeneland September Sale using three years of sale data. Maximum-likelihood estimates of probability ...

BEA is studying proposals to change the treatment of insurance services in the national accounts. There are 5 proposed changes: investment income will be added as a supplement to the premiums paid by policyholders; investment income is to include interest, dividends and capital gains; a measure of expected investment income will be incorporated; a measure of expected claims will be incorporated...