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This open access textbook is the first to provide Business and Economics Ph.D. students with a precise and intuitive introduction to the formal backgrounds of modern financial theory. It explains Brownian motion, random processes, measures, and Lebesgue integrals intuitively, but without sacrificing the necessary mathematical formalism, making them accessible for readers with little or no previous knowledge of the field. It also includes mathematical definitions and the hidden stories behind the terms discussing why the theories are presented in specific ways.
Finance --- Finance --- Economic theory --- Business enterprises—Finance --- Economics, Mathematical --- Statistics
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‘This open access book addresses an urgent issue on which little organized information exists. It reflects experience in Africa but is highly relevant to other fragile states as well.’ —Constantine Michalopoulos, John Hopkins University, USA and former Director of Economic Policy and Co-ordination at the World Bank Fragile countries face a triple data challenge. Up-to-date information is needed to deal with rapidly changing circumstances and to design adequate responses. Yet, fragile countries are among the most data deprived, while collecting new information in such circumstances is very challenging. This open access book presents innovations in data collection developed with decision makers in fragile countries in mind. Looking at innovations in Africa from mobile phone surveys monitoring the Ebola crisis, to tracking displaced people in Mali, this collection highlights the challenges in data collection researchers face and how they can be overcome.
Economics --- Management science --- Development economics --- Big data --- Sociology—Research --- Economic theory --- Africa—Economic conditions
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This open access book offers up-to-date advice and practical guidance on how to undertake a discrete choice experiment as a tool for environmental valuation. It discusses crucial issues in designing, implementing and analysing choice experiments. Compiled by leading experts in the field, the book promotes discrete choice analysis in environmental valuation through a more solid scientific basis for research practice. Instead of providing strict guidelines, the book helps readers avoid common mistakes often found in applied work. It is based on the collective reflections of the scientific network of researchers using discrete choice modelling in the field of environmental valuation (www.envecho.com).
Environmental Economics --- Environmental Policy --- Economic Theory/Quantitative Economics/Mathematical Methods --- Quantitative Economics --- Discrete choice experiment --- Stated preference method --- Environmental valuation --- Survey and questionnaire design --- Discrete Choice Modelling --- Open access --- Central / national / federal government policies --- Economic theory & philosophy
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The book describes the main directions for the development of the digital society. The author angles its book to those who are interested to know what would replace search engines, and how social networks would evolve; what profit can be made of different forms of informational collaboration (crowdsourcing, collaborative filtering). And, the main thing, how it will influence the structure of the society and human pursuit for happiness. The author does not confine himself to a theory, he sets and solves practical questions: How talent, success and “stardom” are interconnected, how to make money in social networks, what is the business model for the development of entertainment and media, how to measure cultural values, and what is the subjective time of the individual and how to make it qualitative? There have been no answers to these questions before. Internet and social networks have provided tools and data that Alexander Dolgin was the first to use in economics.
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The overall aim of this book, an outcome of the European FP7 FET Open NESS project, is to contribute to the ongoing effort to put the quantitative social sciences on a proper footing for the 21st century. A key focus is economics, and its implications on policy making, where the still dominant traditional approach increasingly struggles to capture the economic realities we observe in the world today - with vested interests getting too often in the way of real advances.Insights into behavioral economics and modern computing techniques have made possible both the integration of larger information sets and the exploration of disequilibrium behavior. The domain-based chapters of this work illustrate how economic theory is the only branch of social sciences which still holds to its old paradigm of an equilibrium science - an assumption that has already been relaxed in all related fields of research in the light of recent advances in complex and dynamical systems theory and related data mining.The other chapters give various takes on policy and decision making in this context. Written in nontechnical style throughout, with a mix of tutorial and essay-like contributions, this book will benefit all researchers, scientists, professionals and practitioners interested in learning about the 'thinking in complexity' to understand how socio-economic systems really work.
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This open access book contributes to the creation of a cyber ecosystem supported by blockchain technology in which technology and people can coexist in harmony. Blockchains have shown that trusted records, or ledgers, of permanent data can be stored on the Internet in a decentralized manner. The decentralization of the recording process is expected to significantly economize the cost of transactions. Creating a ledger on data, a blockchain makes it possible to designate the owner of each piece of data, to trade data pieces, and to market them. This book examines the formation of markets for various types of data from the theory of market quality proposed and developed by M. Yano. Blockchains are expected to give data itself the status of a new production factor. Bringing ownership of data to the hands of data producers, blockchains can reduce the possibility of information leakage, enhance the sharing and use of IoT data, and prevent data monopoly and misuse. The industry will have a bright future as soon as better technology is developed and when a healthy infrastructure is created to support the blockchain market.
IT in Business --- Economic Theory/Quantitative Economics/Mathematical Methods --- Computer Appl. in Social and Behavioral Sciences --- Computational Social Sciences --- Social Policy --- Open Access --- Blockchain --- cyber ecosystem --- decentralized ledger --- Crypt Data --- IoT --- Cryptocurrency --- Business mathematics & systems --- Business applications --- Economic theory & philosophy --- Computer applications in the social & behavioural sciences --- Political economy --- Social & ethical issues
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This open access volume makes an important contribution to the ongoing research on hope theory by combining insights from both its long history and its increasing multi-disciplinarity. In the first part, it recognizes the importance of the centuries-old reflection on hope by offering historical perspectives and tracing it back to ancient Greek philosophy. At the same time, it provides novel perspectives on often-overlooked historical theories and developments and challenges established views. The second part of the volume documents the state of the art of current research in hope across eight disciplines, which are philosophy, theology, psychology, economy, sociology, health studies, ecology, and development studies. Taken together, this volume provides an integrated view on hope as a multi-faced phenomenon. It contributes to the further understanding of hope as an essential human capacity, with the possibility of transforming our human societies.
Positive Psychology --- Moral Philosophy --- Sociology of Religion --- Christian Theology --- Heterodox Economics --- Moral Philosophy and Applied Ethics --- Hope Theory --- Hope Theory and Positive Psychology --- Hope and Human Economic Behaviour --- Cognitive Psychology --- Philosophy and Theology of Hope --- Hope Development in Western Countries --- Hope Research --- Hope and Health Studies --- Open Access --- Positive psychology --- Ethics & moral philosophy --- Religion & beliefs --- Sociology & anthropology --- Christianity --- Theology --- Economic theory & philosophy
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This open access book examines from a variety of perspectives the disappearance of moral content and ethical judgment from the models employed in the formulation of modern economic theory, and some of the papers contain important proposals about how moral judgment could be reintroduced in economic theory. The chapters collected in this volume result from the favorable reception of the first volume of the Virtues in Economics series and represent further contributions to the themes set out in that volume: (i) examining the philosophical and methodological fallacies of this turn in modern economic theory that the removal of the moral motivation of economic agents from modern economic theory has entailed; and (ii) proposing a return descriptive economics as the means with which the moral content of economic life could be restored in economic theory. This book is of interest to researchers and students of the methodology of economics, ethics, philosophers concerned with agency and economists who build economic models that rest in the intention of the agent.
Philosophy of the Social Sciences --- History of Economic Thought/Methodology --- Phenomenology --- Research Ethics --- Philosophical Methodology --- History of Economic Thought and Methodology --- Moral Philosophy and Applied Ethics --- Philosophy --- An Essay on Humble Economics --- from a Theoretical Basis to the Next System --- How (not) to Connect Ethics and Economics --- Identity Theories in Economics --- Normative Distinction in Economic Methodology --- Open Access --- Research Ethics in Economics --- Words and Objects in Economics --- The Complexity of Human Nature --- The Making of Economic Theory --- The Naturalisation of Normative Economics --- Social & political philosophy --- Economic history --- Phenomenology & Existentialism --- Ethics & moral philosophy --- Philosophy of science --- Topics in philosophy
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