The online sports gambling industry employs teams of data analysts to build forecast models that turn the odds at sports games in their favour. While several betting strategies have been proposed to beat bookmakers, from expert prediction models and arbitrage strategies to odds bias exploitation, their returns have been inconsistent and it remains to be shown that a betting strategy can outperf...

The standard business model in the sponsored search marketplace is to sell click-throughs to the advertisers. This involves running an auction that allocates advertisement opportunities based on the value the advertiser is willing to pay per click, times the click-through rate of the advertiser. The click-through rate of an advertiser is the probability that if their ad is shown, it would be cl...

How does the magnitude of the output response to a change in government spending vary over the business cycle? What are the welfare effects of fiscal shocks? This paper studies the state-dependence of the output and welfare effects of shocks to government purchases in a DSGE model with a number of real and nominal frictions and a rich fiscal financing structure. Both the output multiplier (the ...

Spatial selections are a ubiquitous concept in visualization. By localizing particular features, they can be analysed and compared in different views. However, the semantics of such selections often depend on specific parameter settings and it can be difficult to reconstruct them without additional information. In this paper, we present the concept of contextual snapshots as an effective means ...

Structural credit risk models have faced difficulties in matching observed market credit spreads while simultaneously matching default rates, recoveries, leverage and risk premia a shortcoming that has become known as the credit spread puzzle. We ask whether stochastic asset volatility, as an extension to this model class, has the ability to help resolve this puzzle. We identify that although t...

The development of IC industry in Taiwan began with a technology transfer from the U.S. based RCA Company, which was conducted by Industrial Technology Research Institute (ITRI). ITRI’s Technology Transfer Team (TTT) members were first incubated in the National Laboratories at ITRI, and then dispatched to spin-off companies in the Hsinchu Science and Industrial Park (HSIP). Many of these TTT me...

0.0 Purpose. One of the principal reasons for studying the history of a language has been to explain the system of its modern reflex, the contemporary language. This has been especially true in attempting to deal with certain anomalies in the modern language. But the role, if appropriate, of utilizing information concerning diaehronie processes in a synchronic description is not a~ all i clear....

One of the most important methods employed to measure the market risk is value at risk calculation method. In this study, the value at risk of banks listed on the Tehran Stock Exchange and Over-the-counter (OTC) are calculated using parametric model, Monte Carlo simulation, historical simulation and Two-Sided Power (TSP) Distribution. The sample includes all listed banks in Iran. The results sh...