The concepts of ‘knowledge’ and ‘rationality’ are of central importance to fields of science that are interested in human behavior and learning, such as artificial intelligence, economics, and psychology. The similarity between artificial intelligence and economics both are concerned with intelligent thought, rational behavior, and the use and acquisition of knowledge has led to the use of econ...

We show that debt is sustainable at a competitive equilibrium based solely on the reputation for repayment; is, even without collateral or legal sanctions available to creditors. In an incomplete asset market, when rate of interest falls recurrently below growth economy, self?insurance more costly than borrowing, and repayments loans are enforced by implicit threat loss risk?sharing advantages ...

this paper surveys the persian monetary crises due to economic sanctions and speculative attacks that leads to high inflation. economic sanctions are associated with various forms of trade barriers and restriction on financial transactions. among the most influential sanctions on iran's oil export and central bank sanctions are noted that their aims to reduce iran's oil revenues and devaluation...

For risk management and stable pricing in the cryptocurrency market, it is necessary to determine interdependence of speculative behaviour crypto assets. The correlation high volatility caused by financial assets market can lead spreading risks. study aims measure spillover effect prices market. used SADF test, generalized Dickey-Fuller test (GSADF), frequency domain causality Breitung Candelon...

In January 2021, the GameStop stock was epicenter of first case predatory trading initiated by retail investors. We use brokerage accounts to study who participated in this frenzy and how they performed. investigate extent which investors’ personal characteristics differ from general population traders had a history investing speculative instruments, including stocks with lottery-like features....

This paper investigates the presence of speculative bubbles in Scandinavian countries namely Denmark, Finland, Norway, and Sweden over period from 1980Q1 to 2018Q4 searches for evidence bubble migration among those countries. First, we apply GSADF test developed by Phillips et al. (2015) on quarterly housing price-to-rent ratios exuberance episodic bubbles. Subsequently, examine between these m...