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A la Carte of Correlation Models: Which One to Choose?
copula contagion mixture model exponential decay counterparty risk
2010/10/22
In this paper we propose a copula contagion mixture model for correlated default times. The model includes the well known factor, copula, and contagion models as its special cases. The key advantage ...
Book Review: The Myth of the Rational Voter: Why Democracies Choose Bad Policies by Bryan Caplan
Rational Voter Bryan Caplan
2009/7/23
All serious students of political economy should read The Myth of the Rational
Voter. It attempts to answer one of the most important questions in political economy
– why democracies choose bad poli...