We instillate rational cognition and learning in seemingly riskless choices and judgments. Preferences and possibilities are given in a stochastic sense and based on revisable expectations. the theory predicts experimental preference reversals and passes a sharp econometric test of the…

The paper investigates the pricing of derivative securities with calendar-time maturities.

In the presence of moral hazard, received agency theory predicts the Marshallian inefficiency of agricultural tenancy contracts, meaning that inputs per hectare on sharecropped land will differ from that on owned land. in this paper, we test for the presence…

In this article we study the effect of uncertainty on an entrepreneur who must choose the capacity of his business before knowing the demand for his product. The unit profit of operation is known with certainty but there is no…

I would imagine that this year will be one of great change for many readers.  We have become used to the constant change of technology: hardware, software, networking, and new and different applications of graphics in almost every profession.  But…

"PUBLISH or PERISH"   We in academia have all been subject to the doctrine of "publish or perish".  It is a mist for promotion and tenure.  If you don't find a research area (preferably funded by grants) and write prolifically…

The role of parents within special education teacher preparation programs has been widely recognized. Traditional approaches for preparing special educators to interact with parents of children with special needs have been mainly classroom based promoting a narrow view of the…

We consider a one-dimensional jumping Markov process, solving a Poisson-driven stochastic differential equation. We prove that the law of this process admits a smooth density for all positive times, under some regularity and non-degeneracy assumptions on the coefficients of the…

Las competencias representan el despliegue de una forma de razón que anula el "yo pienso" y "cómo yo explico" que debe darse en el diálogo de saberes como expresión intersubjetiva. En este contexto, el proceso tradicional de evaluación está vinculado…

Abstract. For a recurrent linear diffusion on the positive real axis we study the asymptotics of the distribution of its local time at 0 as the time parameter tends to infinity. Under the assumption that the Lévy measure of the…