To study the effectiveness of the Tobin tax, we develop a model of heterogeneous interacting agents. Traders either speculate on the basis of technical or fundamental analysis, or abstain from the market, a decision which depends on profit considerations, as well as communication between agents. Simulations generate stylized facts such as unit roots in exchange rates, fat tails for returns, or ...

36 IN A RECENT paper entitled “On the Potential of a Chemical Bonds: Possible Effects of Steroids on Home Run Production in Baseball,”1 physicist Roger Tobin develops a systematic analysis showing how performance-enhancing drugs (PEDs) taken by an already highly skilled player could produce a dramatic increase in home-run production. Tobin starts by looking statistically at home-run production ...

BACKGROUND AND OBJECTIVES The predictive index for discontinuing mechanical ventilation is a prognostic parameter. The objective of this study was to evaluate the use of the Tobin index before tracheal extubation in patients undergoing general anesthesia. METHODS Eighty patients, 40 (50%) men and 40 (50%) women undergoing cholecystectomy under general anesthesia were analyzed. The mean age of...

Reduction Semantics for Modular Higher-Order Contract Verification Sam Tobin-Hochstadt David Van Horn

Some empirical evidence suggests that the expected real interest and expected inflation rates are negatively correlated. This hypothesis of negative correlation is sometimes known as the Mundell-Tobin hypothesis. In this article we reinvestigate this negative relation from a long-term point of view using cointegration analysis. The data on the historical interest rate on T-bills and the inflati...

In the nineteenseventies, James Tobin suggested the introduction of a transaction tax on the currency market to cope with exchange rate volatility. We investigate the consequences of the introduction of such a tax on an asset market model from a game-theoretic and an experimental point of view. Our main results include in respect to our model that contrary to the situation in game-theoretic equ...

In Tobin v. SmithKline Beecham Pharmaceuticals a jury in the U.S. District Court for the District of Wyoming found that the medication Paxil "can cause some individuals to commit homicide and/or suicide," and that it was a legal cause of the deaths in this case. A motion was recently put before the United States District Court for the District of Utah to adopt the findings of the Tobin case--vi...