In this paper we explore the impact of various constant-proportions investment strategies (or FixedMix Rules) in an economic evolutionary market. Dividends are generated according to a new Dividend Factor Model. Furthermore, Dividends were estimated and calibrated from data using Principal Component Analysis. Moreover, we perform simulations to study the long-run outcome of an evolutionary comp...

During the recent Financial Crisis, there were bank runs right after government bailout announcements. This paper develops a global game model of information based bank runs to analyze how the announcement of bailouts affects investors’ bank run incentives. The equilibrium probability of bank runs is uniquely determined. I conclude that before the announcement, the existence of such bailout pol...

Any announcement from the Federal Reserve has a huge impact on the interest rate markets. The press releases from the Federal Open Market Committee (FOMC) are major inputs to the market and the random intervention model is applied to interest rate futures transaction data to measure FOMC announcement impact. Missing prices during non-trading time periods are imputed iteratively during the estim...

If the subject of dividend distribution is limited to what dividends actually represent, there should be no room for uncertainty in conversation. However, dividends, which are defined as a portion company's profit that belongs each shareholder at end financial year, relation shares held by him, can raise new questions many different respects. Not only they about when requested or who belong cas...