The Elements of Financial Econometrics

Category: Livres anglais et trangers,Science,Mathematics

The Elements of Financial Econometrics Details

Financial econometrics is an interdisciplinary subject that uses statistical methods and economic theory to address a variety of quantitative problems in finance. This compact, master's-level textbook focuses on methodology and includes real financial data illustrations throughout. The mathematical level is purposely kept moderate, allowing the power of the quantitative methods to be understood without too much technical detail. Wherever possible, the authors indicate where to find the relevant R codes to implement the various methods. This book grew out of a course at Princeton University which is one of the world's flagship programs in computational finance and financial engineering. It will therefore be useful for those with an economics and finance background who are looking to sharpen their quantitative skills, and also for those with strong quantitative skills who want to learn how to apply them to finance.

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Probability on Trees and Networks

Category: Livres anglais et trangers,Science,Mathematics

Probability on Trees and Networks Details

Starting around the late 1950s, several research communities began relating the geometry of graphs to stochastic processes on these graphs. This book, twenty years in the making, ties together research in the field, encompassing work on percolation, isoperimetric inequalities, eigenvalues, transition probabilities, and random walks. Written by two leading researchers, the text emphasizes intuition, while giving complete proofs and more than 850 exercises. Many recent developments, in which the authors have played a leading role, are discussed, including percolation on trees and Cayley graphs, uniform spanning forests, the mass-transport technique, and connections on random walks on graphs to embedding in Hilbert space. This state-of-the-art account of probability on networks will be indispensable for graduate students and researchers alike.

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Bayesian Models for Astrophysical Data: Using R, JAGS, Python, and Stan

Category: Livres anglais et trangers,Science,Mathematics

Bayesian Models for Astrophysical Data: Using R, JAGS, Python, and Stan Details

This comprehensive guide to Bayesian methods in astronomy enables hands-on work by supplying complete R, JAGS, Python, and Stan code, to use directly or to adapt. It begins by examining the normal model from both frequentist and Bayesian perspectives and then progresses to a full range of Bayesian generalized linear and mixed or hierarchical models, as well as additional types of models such as ABC and INLA. The book provides code that is largely unavailable elsewhere and includes details on interpreting and evaluating Bayesian models. Initial discussions offer models in synthetic form so that readers can easily adapt them to their own data; later the models are applied to real astronomical data. The consistent focus is on hands-on modeling, analysis of data, and interpretations that address scientific questions. A must-have for astronomers, its concrete approach will also be attractive to researchers in the sciences more generally.

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EU Renewable Electricity Law and Policy: From National Targets to a Common Market

Category: Livres anglais et trangers,Law,International Law

EU Renewable Electricity Law and Policy: From National Targets to a Common Market Details

There are two basic policy tools for promoting renewable electricity: price regulation (feed-in tariffs) and quantity regulation (green certificates). In economic theory, they are equally efficient. Contrary to conventional thinking, the author demonstrates that under real-world conditions, price regulation is more efficient. EU law obliges Member States to put support schemes in place, but leaves their design to national authorities. They need, however, to comply with EU state aid and internal market rules, and their financing may not result in import duties and discriminatory taxation. This book provides a detailed analysis of the decisions practice adopted by the Commission and the case law of the Union Courts. As support schemes mature, has time not come for putting an end to regulatory competition? With huge efficiency gains to be expected, the author expertly examines the political obstacles and sets out three different pathways to achieve EU-wide harmonization.

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Star Clusters and Black Holes in Galaxies across Cosmic Time (IAU S312)

Category: Livres anglais et trangers,Science,Astronomy

Star Clusters and Black Holes in Galaxies across Cosmic Time (IAU S312) Details

Star clusters and black holes are moving into the focus of high resolution astrophysics, computationally as well as observationally. For the first time, observations in many regions of the electromagnetic spectrum are converging with theoretical modelling and computer simulations. These cosmological and galaxy formation models reach down to the supermassive black hole level and follow their formation and growth in the centres of galaxies, by gas and star accretion. IAU Symposium 312 brings together experts on high resolution observations as well as theoretical modelling and computational simulations, who present their research on star clusters, black holes and their interrelations, and gravitational wave astrophysics. IAU S312 continues the tradition of IAU symposia on stellar dynamics and related areas, allowing interested graduate students and researchers to access the current state of these fields.

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