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The articles in this volume are contributed by scholars who are not only experts in areas of Actuarial Science (AS) and Mathematical Finance (MF), but also those who present diverse perspectives from both industry and academia. Topics from multiple areas, such as Stochastic Modeling, Credit Risk, Monte Carlo Simulation, and Pension Valuation, among others, that were maybe thought to be the domain of one type of risk manager, are shown time and again to have deep value to other areas of risk management as well. The articles in this collection, in my opinion, contribute techniques, ideas, and overviews of tools that folks in both AS and MF will find useful and interesting to implement in their work. It is also my hope that this collection will inspire future collaboration between those who seek an interdisciplinary approach to risk management.
Actuarial Science --- Mathematical Finance --- Risk Management
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Sports economics is a relatively new field of research that is experiencing rapid growth in the economics literature. The importance of the sports industry to economies coupled with the availability of financial and productivity data have made the study of sports economics a useful avenue for exploring research questions that have eluded mainstream economics fields. The main goal of this Special Issue of the International Journal of Financial Studies is to encourage theoretical and applied research in sports economics, which is of interest to both academics and practitioners. For this purpose, this Special Issue on “Sports Finance” invites papers on topics, such as, but not limited to, salary determination, ticket pricing, revenue sharing, salary caps, competitive balance, new stadium financing, rival league behavior, determinants of revenue, television and media, tournament prize structures, financial distress in professional sports, financial fair play, financial control of sports clubs, Third Party Ownership, financial efficiency in professional sports, budget constrains and sport performance, financial information of sports, ownership of professional sport clubs and Crowdfunding in sports. Papers on both professional and amateur sports are welcome.
earnings persistence --- accruals --- earnings predictability --- European football clubs --- financial fair play --- revenue sharing --- welfare --- moments --- risk aversion --- sports finance --- soft budget constraint --- payment failure --- disequilibrium modelling --- segmented labour market --- French soccer --- football --- audit fees --- audit shopping --- Financial Fair Play --- UEFA --- JEL Classification --- Z2 --- M41 --- M42 --- football --- regulation --- financial fair play --- financial recovery --- polarization --- finance --- financial health --- cricket --- professional team sport --- profit maximisation --- subsidy --- grants --- attendance --- hockey --- fighting --- uncertainty of outcome --- bonuses --- effort --- fighter performance --- mixed martial arts (MMA) --- Ultimate Fighting Championship (UFC) --- World Extreme Cagefighting (WEC) --- Zuffa LLC --- college sports --- finances --- economics --- NHL --- KHL --- country of origin --- salary
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Alternative assets such as fine art, wine, or diamonds have become popular investment vehicles in the aftermath of the global financial crisis. Correlation with classical financial markets is typically low, such that diversification benefits arise for portfolio allocation and risk management. Cryptocurrencies share many alternative asset features, but are hampered by high volatility, sluggish commercial acceptance, and regulatory uncertainties. This collection of papers addresses alternative assets and cryptocurrencies from economic, financial, statistical, and technical points of view. It gives an overview of their current state and explores their properties and prospects using innovative approaches and methodologies.
Baltic dry index --- Bitcoin volatility --- digital currency --- GARCH-MIDAS --- pro-cyclical volatility --- volume --- Bitcoin --- gold --- GARCH --- portfolio modelling --- risk management --- Bitcoin --- cryptocurrency --- Hashrate --- initial coin offering --- blockchain --- venture capital --- crowdfunding --- geometric distribution --- collatz conjecture --- inflation propensity --- systemic risk --- cryptocurrency --- blockchain --- proof-of-work --- cryptocurrency --- metric learning --- classification framework --- time series --- trend prediction --- limit order book --- cryptocurrency --- stylized fact --- high-frequency finance --- liquidity costs --- transaction costs --- statistical arbitrage --- cryptocurrencies --- machine learning --- bitcoin --- realized volatility --- HAR --- high frequency --- cryptocurrencies --- speculative bubbles --- sentiment --- smooth transition --- diamond stocks --- diamond prices --- investment asset --- capital asset pricing model
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Interest in politics and the political process—topics that economists consider to be the purview of the sub-field of study known as public choice—appears to be as high as ever. This Special Issue aims to provide a collection of high-quality studies covering many of the varied topics traditionally investigated in the growing field of public choice economics. These include expressive and instrumental voting, checks and balances in the enforcement of rules, electoral disproportionality, foreign aid and political freedom, voting cycles, (in)stability of political ideology, federal spending on environmental goods, pork-barrel and general appropriations spending, politics and taxpayer funding for professional sports arenas, and political scandal and “friends-and-neighbors” voting in general elections. In bringing these topics together in one place, this Special Issue offers a mix of conceptual/formal and empirical studies in public choice economics.
friends-and-neighbors voting --- localism in elections --- reputation capital --- political scandal --- expressive voting --- instrumental voting --- voter turnout --- rational voter apathy --- rational ignorance --- confirmation bias --- Altruism --- Leading by example --- Policy formulation --- Hierarchical games --- constitutional constraints --- checks and balances --- political elite --- democratic oversight --- election --- rector --- Ghent University --- majority decision --- majority judgment --- public choice --- public interest --- seniority --- mining --- political economy --- pork-barrel spending --- campaign finance --- incumbency advantage --- elections --- electoral systems --- proportionality --- electoral quota --- disproportionality indexes --- measurement --- Spain --- Sweden --- Germany --- voting behavior --- National Football League --- Donald Trump --- political ideology --- roll-call voting --- public choice --- public policy --- United States Congress --- n/a
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Religion and Politics: New Developments Worldwide features ten articles about recent developments in the interaction of Religion and Politics in various countries of Asia, Africa, Europe, and both North and South America. Most articles focus on one country, and including China, South Korea, India, Nigeria, Malaysia, France, and Cuba. Others address issues across regions such as Latin America, Southeast Asia, or the Middle East. The fifteen contributors are scholars from diverse disciplines as well as diverse regions of Asia, Europe, Africa, and the Americas. Subjects include the Indian government’s favoritism for Hinduism over rival religions; the way the Sikhs of India avoid the religion–politics divide; the way the Western media fails to fully understand the Chinese government’s policies on religious minorities; the aftermath of the Charlie Hebdo demonstrations in France; religious attitudes toward tax politics in South Korea as well as among Christians compared to Muslims; how to lessen the radicalization of Muslims in Southeast Asia; whether Nigeria should encourage its Muslims to be active in the Organisation of Islamic Cooperation; the spiritual role played by the permaculture movement in Cuba; and how the former tendency of scholars to polarize religion and politics is no longer viable, especially in Latin America.
religiosity --- religion --- tax equity --- exchange equity --- horizontal equity --- vertical equity --- Cuba --- permaculture --- nature spirituality --- religion and politics --- theories of religion --- deradicalization --- moderate education --- parent culture --- contextualization --- Southeast Asia --- religion --- religiosity --- ethics --- redistribution --- property rights --- economic inequality --- government --- subsidy --- tax --- public finance --- Latin America --- religion --- politics --- methodology --- theory --- Nigeria --- Organisation of Islamic Cooperation (OIC) --- foreign policy --- secularity --- economic aids --- Charlie Hebdo --- Je Suis Charlie --- January 11th 2015 --- French Republic --- secularism --- terrorism --- fraternity --- Akal Takhat --- British Raj --- halem? r?j --- Khalsa --- m?r?-p?r? --- religion and politics --- secularism --- SGPC --- Akali Dal --- Punjab --- Hindutva --- religious conversion --- ghar wapsi --- mass conversion --- India --- Dalit --- religion and politics --- People’s Republic of China --- Uyghurs --- Xinjiang --- Tibet
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Biodiversity and Protected Areas assembles twelve topics from around the world, illustrating the complexities and promise of addressing the biodiversity crisis. Authors from Mongolia, Africa, India, Canada, Iraq, and the United States dwell on particular aspects and challenges relevant to those regions. Lessons and approaches from interesting localities, coupled with global analyses give the reader a synthetic view of emerging problems. The opportunities for understanding common issues across different geographies abound, such as comparing local conservation in sub-Saharan Africa with a distribution of very small protected areas in Massachusetts. Several topics will be of immediate interest to policymakers. The book is illustrated with numerous color maps and figures and the authors strove for clear, uncomplicated writing. The editors provide an overview of chapters, placing them in the context of other biodiversity and protected area literature. Students and conservationists attempting to broaden their views of biodiversity and protected areas should find this collection to be interesting.
Halgurd-Sakran National Park --- remote sensing --- GIS --- landscape metrics --- fragmentation --- Wilderness Study Areas --- light pollution --- noise pollution --- wildness --- protected areas --- protected areas --- climate change --- deforestation --- tropics --- biodiversity --- conservation --- Tiger --- conservation standards --- protected area management --- management effectiveness --- accreditation --- conservation assured --- Convention on Biological Diversity --- Aichi Target 11 --- conservation planning --- protected area reporting --- equity framework --- private land conservation --- privacy --- protected areas --- biodiversity --- conservation --- protected area management --- information communication technology --- Mongolia --- conservation landscapes --- scale of assessment --- conservation planning --- biodiversity conservation targets --- threat assessment --- prioritization --- biodiversity hotspots --- human population density --- protected areas --- conservation --- biodiversity --- ecosystems --- IUCN --- land use --- protected areas --- biocultural heritage --- sub-Saharan Africa --- traditional ecological knowledge --- hotspots --- sacred forests --- conservation --- biodiversity --- conservation targets --- protected areas --- Indigenous peoples --- IPCAs --- reconciliation --- Aichi Biodiversity Targets --- carbon finance --- global commons --- jurisdictional --- nested approaches --- public goods --- n/a
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The many technical and computational problems that appear to be constantly emerging in various branches of physics and engineering beg for a more detailed understanding of the fundamental mathematics that serves as the cornerstone of our way of understanding natural phenomena. The purpose of this Special Issue was to establish a brief collection of carefully selected articles authored by promising young scientists and the world's leading experts in pure and applied mathematics, highlighting the state-of-the-art of the various research lines focusing on the study of analytical and numerical mathematical methods for pure and applied sciences.
ultraparabolic equation --- ultradiffusion process --- probabilistic representation --- mathematical finance --- linear elastostatics --- layer potentials --- fredholmian operators --- fractional differential equations --- fractional derivative --- Abel-type integral --- time delay --- distributed lag --- gamma distribution --- macroeconomics --- Keynesian model --- integral transforms --- Laplace integral transform --- transmutation operator --- generating operator --- integral equations --- differential equations --- operational calculus of Mikusinski type --- Mellin integral transform --- fractional derivative --- fractional integral --- Mittag–Leffler function --- Riemann–Liouville derivative --- Caputo derivative --- Grünwald–Letnikov derivative --- space-time fractional diffusion equation --- fractional Laplacian --- subordination principle --- Mittag-Leffler function --- Bessel function --- exterior calculus --- exterior algebra --- electromagnetism --- Maxwell equations --- differential forms --- tensor calculus --- Fourier Theory --- DFT in polar coordinates --- polar coordinates --- multidimensional DFT --- discrete Hankel Transform --- discrete Fourier Transform --- Orthogonality --- multispecies biofilm --- biosorption --- free boundary value problem --- heavy metals toxicity --- method of characteristics --- relativistic diffusion equation --- Caputo fractional derivatives of a function with respect to another function --- Bessel-Riesz motion --- Mittag–Leffler function --- matrix function --- Schur decomposition --- Laplace transform --- fractional calculus --- central limit theorem --- anomalous diffusion --- stable distribution --- fractional calculus --- power law --- n/a
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The present book contains 20 articles collected from amongst the 53 total submitted manuscripts for the Special Issue “Fuzzy Sets, Fuzzy Loigic and Their Applications” of the MDPI journal Mathematics. The articles, which appear in the book in the series in which they were accepted, published in Volumes 7 (2019) and 8 (2020) of the journal, cover a wide range of topics connected to the theory and applications of fuzzy systems and their extensions and generalizations. This range includes, among others, management of the uncertainty in a fuzzy environment; fuzzy assessment methods of human-machine performance; fuzzy graphs; fuzzy topological and convergence spaces; bipolar fuzzy relations; type-2 fuzzy; and intuitionistic, interval-valued, complex, picture, and Pythagorean fuzzy sets, soft sets and algebras, etc. The applications presented are oriented to finance, fuzzy analytic hierarchy, green supply chain industries, smart health practice, and hotel selection. This wide range of topics makes the book interesting for all those working in the wider area of Fuzzy sets and systems and of fuzzy logic and for those who have the proper mathematical background who wish to become familiar with recent advances in fuzzy mathematics, which has entered to almost all sectors of human life and activity.
fuzzy analytic hierarchy process --- decision-making --- partial consensus --- posterior aggregation --- fuzzy topology --- fuzzy convergence --- lattice-valued convergence --- ?-convergence space --- relative topologicalness --- p-topologcalness --- diagonal condition --- neighborhood condition --- fuzzy sets (FSs) --- uncertainty --- center of gravity (COG) defuzzification technique --- triangular fuzzy numbers (TFNs) --- grey numbers (GNs) --- fuzzy relation equations (FRE) --- grade point average (GPA) index --- residuated lattice --- soft set --- filter --- t-filter --- t-int-soft filter --- BCK/BCI-algebra --- (?,?)-US set --- (?,?)-US subalgebra --- (?,?)-US (closed) ideal --- (?,?)-US commutative ideal --- fuzzy topology --- fuzzy convergence --- ?-convergence space --- regularity --- intuitionistic fuzzy set --- similarity --- counterintuitive --- fuzzy graph --- picture fuzzy graph --- social network --- direct product --- lexicographic product --- strong product --- Interval-valued complex fuzzy sets --- distance measures --- rotational invariance --- reflectional invariance --- dynamic multiple attribute decision making --- fuzzy regression --- interval type-2 fuzzy sets --- fuzzy topology --- fuzzy convergence --- ?-convergence --- diagonal condition --- L-cotopological space --- L-topological space --- degree of L-continuity --- degree of L-closedness --- degree of L-openness --- performance management --- green supply chain --- decision making --- nonlinear mathematical modeling --- FMCG industries --- fuzzy DEMATEL --- bipolar fuzzy relation --- bipolar fuzzy reflexive (resp., symmetric and transitive) relation --- bipolar fuzzy equivalence relation --- bipolar fuzzy partition --- (a, b)-level set --- fuzzy logic --- finance --- banking --- banking crisis management --- fuzzy number --- ?-limit set --- periodic point --- Zadeh’s extension --- smart health --- fuzzy collaborative intelligence --- fuzzy analytic hierarchy process --- suitability --- picture fuzzy numbers --- interaction operations --- partitioned Heronian --- aggregation operators --- hotel selection --- Pythagorean fuzzy set --- Dempster–Shafer evidence theory --- basic probability assignment --- medical diagnosis --- interval-valued fuzzy soft set --- interval-valued fuzzy soft topology --- interval-valued fuzzy soft point --- interval-valued fuzzy soft neighborhood --- interval-valued fuzzy soft quasi-neighborhood --- interval-valued fuzzy soft separation axioms
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Risk measures play a vital role in many subfields of economics and finance. It has been proposed that risk measures could be analysed in relation to the performance of variables extracted from empirical real-world data. For example, risk measures may help inform effective monetary and fiscal policies and, therefore, the further development of pricing models for financial assets such as equities, bonds, currencies, and derivative securities.
falsified products --- medication --- health risk --- low-income country --- regular vine copulas --- tree structures --- co-dependence modelling --- European stock markets --- carbon emissions --- fossil fuels --- crude oil --- coal --- low carbon targets --- green energy --- spot and futures prices --- Granger causality --- volatility spillovers --- quasi likelihood ratio (QLR) test --- diagonal BEKK --- full BEKK --- dynamic hedging --- socially responsible investment --- multivariate regime-switching --- time-varying correlations --- volatility transmission --- conscientiousness --- openness to experience --- perceived ease of use --- perceived usefulness --- online purchase intention --- dynamic conditional correlation --- generalized autoregressive score functions --- time-varying copula function --- CoVaR --- utility --- credit derivatives --- stochastic volatility --- asymptotic approximation --- risk aversion --- portfolio selection --- need hierarchy theory --- two-level optimization --- variance --- coherent risk measures --- probability of default --- bank risk --- banking regulation --- SYMBOL --- financial stability --- China’s food policy --- sustainable food security system --- japonica rice production --- two-level CES function --- technological progress --- Project Financing --- Mezzanine Financing --- option value --- Monte Carlo Simulations --- probabilistic cash flow --- optimizing financial model --- risks mitigation --- investment profitability --- financial hazard map --- random forests --- early warning system --- bank failure --- B-splines --- inflation forecast --- monthly CPI data --- out-of-sample forecast --- the sudden stop of capital inflow --- financial security --- the optimal scale of foreign exchange reserve --- utility maximization --- finance risk --- liquidity premium --- uncertainty termination --- investment horizon --- Amihud’s illiquidity ratio --- factor models --- diversification --- bank profitability --- bank risk --- dynamic panel --- European banking system --- sustainability of economic recovery --- Bayesian approach --- conjugate prior --- cartel --- leniency program --- policy simulation --- S&P 500 index options --- gain-loss ratio --- risk-neutral distribution --- binomial tree --- risk management --- market timing --- moving averages --- risk-free rate --- returns and volatility --- financial risk --- bankruptcy --- regression model --- sustainable development --- Slovak enterprises --- sentiment analysis --- polarity --- scientific verification --- emotion --- joy --- sadness --- climate change --- GMC --- VIX --- RV5MIN --- causal path --- ANN --- sovereign credit default swap (SCDS) --- emerging market --- markov regime switching --- credit risk --- risk assessment --- risk measures --- IPO underpricing --- financial crisis --- information asymmetry --- financial risks --- business groups --- financial performance --- group-affiliated --- institutional voids --- production frontier function --- stochastic frontier model --- specification testing --- wild bootstrap --- smoothing process --- empirical process --- simulations --- stakeholder theory --- sustainability --- risk --- social efficiency --- banking --- cooperative banks --- Data Envelopment Analysis (DEA) --- corporate sustainability --- news release --- stakeholder theory --- stock return volatility --- EGARCH-m --- life insurance --- term life insurance --- whole life insurance --- self-perceived health --- objective health status --- future health risk --- SHARE --- national health system
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