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Now showing items 31-33 of 33
The municipal bond valuation puzzle : evidence from U.S. States
(Massachusetts Institute of Technology, 2021)
This paper seeks to elucidate the mechanisms that generate Jiang et al. (2020)'s "government debt valuation puzzle" by adapting their approach to the setting of state-level municipal debt. The main motivation in doing so ...
Identify experts through Revealed Confidence : application to Wisdom of Crowds
(Massachusetts Institute of Technology, 2020)
We propose our Revealed Confidence (RC) algorithm that improves Wisdom of Crowds (WoC) by identifying experts from the crowds. We highlight the important distinction between first- and second-order uncertainty, which also ...
Case studies on companies that delisted from US and relisted in China
(Massachusetts Institute of Technology, 2020)
China concept stocks, the stock in a company that operates in mainland China and listed in the US, are becoming the largest group of non-native listed stocks in the US in terms of market value. This paper reviews the peaks ...