{"title":"Review on Behavioral Finance with Empirical Evidence","authors":"","doi":"10.47654/v25y2021i3p92-118","DOIUrl":"https://doi.org/10.47654/v25y2021i3p92-118","url":null,"abstract":"","PeriodicalId":38875,"journal":{"name":"Advances in Decision Sciences","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70851544","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Inflation and Economic Growth in Kenya: An Empirical Examination","authors":"","doi":"10.47654/v25y2021i3p1-25","DOIUrl":"https://doi.org/10.47654/v25y2021i3p1-25","url":null,"abstract":"","PeriodicalId":38875,"journal":{"name":"Advances in Decision Sciences","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70851880","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Tail Behaviour of the Nifty-50 Stocks during Crises Periods","authors":"G. Srilakshminarayana","doi":"10.47654/v25y2021i4p115-151","DOIUrl":"https://doi.org/10.47654/v25y2021i4p115-151","url":null,"abstract":"The study also recommends estimating the tail index and then deciding upon any other methodology for analyzing the stock market prices. According to the history, price of stocks and other assets are an important part of economic activity and can act as an indicator of social mood. Modelling the stock market prices is an age-old problem, and for many years researchers have modelled the stock prices using a normal model. The presence of the extremes increases the volatility of the stock price random variable and affects its symmetric nature at the tails.","PeriodicalId":38875,"journal":{"name":"Advances in Decision Sciences","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70851821","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Existence of Cointegration between the Public and Private Bank Index: Evidence from Indian Capital Market","authors":"","doi":"10.47654/v25y2021i4p152-172","DOIUrl":"https://doi.org/10.47654/v25y2021i4p152-172","url":null,"abstract":"","PeriodicalId":38875,"journal":{"name":"Advances in Decision Sciences","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70852434","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Comparative Assessment of the Global Effects of US Monetary and Fiscal Policy Uncertainty Shocks","authors":"","doi":"10.47654/v25y2021i4p89-114","DOIUrl":"https://doi.org/10.47654/v25y2021i4p89-114","url":null,"abstract":"","PeriodicalId":38875,"journal":{"name":"Advances in Decision Sciences","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70851981","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Comments on Recent COVID-19 Research in JAMA","authors":"M. McAleer","doi":"10.47654/v24y2020i3p63-83","DOIUrl":"https://doi.org/10.47654/v24y2020i3p63-83","url":null,"abstract":"The SARS-CoV-2 that causes the COVID-19 disease is a one-in-a-century disaster that has led to profound structural change in every conceivable aspect of the worldwide community. The COVID-19 pandemic is the most topical subject in the academic community across all disciplines, but especially in the medical and biomedical research disciplines, where attempts to discover a safe, effective, timely, inexpensive, and accessible vaccine is at the top of everyone’s wish list. There is a substantial amount of confusion, ambiguity, and misinformation in the academic community, and far more so in social mass media. Leading medical journals, such as the Journal of the American Medical Association (JAMA), The Lancet, and the New England Journal of Medicine, have published informative case studies that seek to provide guidance on COVID-19 at the earliest possible opportunity.","PeriodicalId":38875,"journal":{"name":"Advances in Decision Sciences","volume":"24 1","pages":"1-20"},"PeriodicalIF":0.0,"publicationDate":"2020-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46176725","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Measurement Error in a First-order Autoregression","authors":"P. Franses","doi":"10.47654/v24y2020i2p1-14","DOIUrl":"https://doi.org/10.47654/v24y2020i2p1-14","url":null,"abstract":"The Ordinary Least Squares (OLS) estimator for the slope parameter in a first-order autoregressive model is biased when the variable is measured with error. Such an error may occur with revisions of macroeconomic data. This paper illustrates and proposes a simple procedure to alleviate the bias, and is based on Total Least Squares (TLS). TLS is, in general, consistent, and also works well in small samples. Simulation experiments and an empirical example show the usefulness of this method.","PeriodicalId":38875,"journal":{"name":"Advances in Decision Sciences","volume":"24 1","pages":"1-14"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42787789","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysing Maximum Monthly Temperatures in South Africa for 45 years Using Functional Data Analysis","authors":"Mapitsi Rangata, Sonali Das, Montaz Ali","doi":"10.47654/v24y2020i3p1-27","DOIUrl":"https://doi.org/10.47654/v24y2020i3p1-27","url":null,"abstract":"The paper uses Functional Data Analysis (FDA) to explore space and time variation of monthly maximum temperature data of 16 locations in South Africa for the period 1965 - 2010 at intervals of 5 years. We explore monthly maximum temperature variation by first representing data using the B-spline basis functions. Thereafter registration of the smooth temperature curves was performed. This data was then subjected to analysis using phase-plane plots which revealed the constant shifting of energy over the years analysed. We next applied functional Principal Component Analysis (fPCA) to reduce the dimension of maximum temperature curves by identifying the maximum variation without loss of relevant information, which revealed that the first functional PCA explains mostly summer variation while the second functional PCA explains winter variation. We next explored the functional data using functional clustering using K-means to reveal the spatial location of maximum temperature clusters across the country, which revealed that maximum temperature clusters were not consistent over the 45 years of data analysed, and that the cluster points within a cluster were not necessarily always spatially adjacent. The overall analysis has displayed that maximum temperature clusters have not been static across the country over time. To the best of our knowledge, this the first instance of performing in-depth analysis of maximum temperature data for 16 locations in South Africa using various FDA methods.","PeriodicalId":38875,"journal":{"name":"Advances in Decision Sciences","volume":"24 1","pages":"1-27"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70849521","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Foreign Tourism in Andalusia: A Dynamic Panel Data Analysis","authors":"Adrián Mendieta-Aragón, Teresa GarÃn-Muñoz","doi":"10.47654/v24y2020i3p110-141","DOIUrl":"https://doi.org/10.47654/v24y2020i3p110-141","url":null,"abstract":"This paper studies the main determinants of the inbound international tourism in Andalusia and quantify its incidence. Based on the classical theoretical framework for tourism demand, we incorporate dynamics into the model by adding the lagged dependent variable as an explanatory variable, along with the per capita income of the tourist's country of origin, the relative prices between the origin and destination countries and the cost of travel. The empirical model is applied to a panel data set consisting of 21 countries of origin of the tourists for the period 2008–2018. Data were collected from the Hotel Occupancy Survey (HOS), published by the National Statistics Institute of Spain (INE). The results have been obtained using the GMM DIFF estimator of Arellano and Bond. The parameters estimated reflect a high level of consumer loyalty and the importance of the word-of-mouth effect. Moreover, the income elasticity indicates that the demand for tourism in Andalusia may be considered as a luxury good. Prices have a negative relationship with tourism demand. The cost of travel, which has a negative effect, is statistically significant to explain the number of tourists' arrivals and, however, it is not significant for the overnight stays model.","PeriodicalId":38875,"journal":{"name":"Advances in Decision Sciences","volume":"24 1","pages":"110-141"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70849599","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}