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Recent neurophysiological studies reveal that risk and reward are separately encoded in the human brain, and that the encodings display different timing patterns. Therefore, we hypothesized that sensitivity of trading decisions to risk and reward parameter ...
We study the pricing and hedging of contingent claims that are subject to Event Risk which we define as rare and unpredictable events whose occurrence may be correlated to, but cannot be hedged perfectly with standard marketed instruments. The super and su ...
The present thesis studies the acceptability of environmental policy in Switzerland. The first part of the thesis concentrates on citizens' demand for environmental quality at ballots. The analysis is guided by the public choice framework, which is rooted ...
In this paper, we present and investigate a new method for subband-based Automatic Speech Recognition (ASR) which approximates the ideal full combination' approach which is itself often not practical to realize. The full combination' approach consists of ...
