The paper studies the impact of ambiguity on history-dependant beahviour in the standard microstructure model of financial markets. We show that differences in ambiguity attitudes between market makers and traders can generate contrarian and herding behaviour in stock markets where assets are traded sequentially and trading prices are endogenously determined. We also show the mispricing can be ...

There is a growing stream of research to seek for solution improve financial risk tolerance (FRT) in investment decisions, which most likely conducted from institutions and was revealed that there are varieties factors contribute this aspect. The literature demonstrated FRT considered as the powerful factor encourages investors’ intentions towards investments. Study shows can be improved throug...

BACKGROUND Financial incentives and audit plus feedback on performance are two strategies commonly used by governments to motivate general practitioners (GP) to undertake specific healthcare activities. However, in recent years, governments have reduced or removed incentive payments without evidence of the potential impact on GP behaviour and patient outcomes. This trial (known as ACCEPt-able) ...

Understanding the complex nature of financial markets remains a great challenge, especially in light of the most recent financial crisis. Recent studies have investigated large data-sets of financial markets, and have analysed and modelled the static and dynamic behaviour of this very complex system (Fama 1965, Lo and Craig MacKinlay 1990, Campbell et al. 1997, Lux and Marchesi 1999, Cont and B...

The aim of this study is to present the analysis of an online survey that was conducted in order to investigate individual attitudes and requirements from an online financial awareness platform. The survey aimed to elicit users’ self-assessed financial knowledge, financial capability and awareness, along with facets of their financial behaviour. Moreover, it entailed questions capturing attitud...

One of the main concerns with the introduction of competition in the power sector is the strategic behaviour of market participants. Computable models of strategic behaviour are becoming increasingly important to understand the complexities of competition. Such models can help analyze market designs and regulatory policies. In this thesis, further developments on the modelling and analysis of s...

This paper is the sequel of the previous papers [1] and [2]. More precisely, we study the regularity of the solutions of the evolutionary variational inequality governing the general financial evolutionary problem. Specifically we obtain that such a solution is continuous and Lipschitz continuous with respect to time and we illustrate the achieved result through numerical examples. Moreover the...