 Commodity markets: overview, description and structure  Commodity spot price models, their performance and calibration  Forward curve modeling for commodities  Modeling commodity price volatility  Correlations/dependencies in commodity portfolios  Modeling risk of a commodity portfolio  Typical commodity derivatives (quanto, Asian, spread and basket options, volumetric and swing options...

Abstract: In this paper, we extend the Blackwell (1953) comparison of experiments to a strategic setting. We introduce a new partial order more strategically informative — information held by players is “better” — and prove it is equivalent to the partial order more strategically valuable — the ability to induce more equilibrium payoff vectors in all Bayesian games. The conditions we provide ar...

Visual attention has long been known to be drawn to stimuli that are physically salient or congruent with task-specific goals. Several recent studies have shown that attention is also captured by stimuli that are neither salient nor task-relevant, but that are rendered in a color that has previously been associated with reward. We investigated whether another feature dimension-orientation-can b...