Related papers: Quantifying Social Inflation in Liability Insuranc…
Increases in global food prices have led to widespread hunger and social unrest---and an imperative to understand their causes. In a previous paper published in September 2011, we constructed for the first time a dynamic model that…
A simple device for balancing for a continuous covariate in clinical trials is to stratify by whether the covariate is above or below some target value, typically the predicted median. This raises an issue as to which model should be used…
Community rating is a policy that mandates uniform premium regardless of the risk factors. In this paper, our focus narrows to the single contract interpretation wherein we establish a theoretical framework for community rating using…
In this paper, we consider a risk process with deterministic growth and multiplicative jumps to model the capital of a low-income household. Reflecting the high-risk nature of the low-income environment, capital losses are assumed to be…
We study constant roll inflation systematically. This is a regime, in which the slow roll approximation can be violated. It has long been thought that this approximation is necessary for agreement with observations. However, recently it was…
We propose methods for constructing regularized mixtures of density forecasts. We explore a variety of objectives and regularization penalties, and we use them in a substantive exploration of Eurozone inflation and real interest rate…
We propose a new class of inflationary models in which inflation takes place while the inflaton is climbing up a potential hill due to a coupling to gravity. We study their attractor behavior, and investigate its relation with known…
We study the effect of localized housing price hikes on renters' mobility, consumption, and credit outcomes. Consistent with a spatial equilibrium model, we find that the consumption responses vary greatly for movers and stayers. While…
We analyze the core dynamics of critically coupled, superheavy gauge vortices in the (2+1) dimensional Einstein-Abelian-Higgs system. By numerically solving the Eistein and field equations for various values of the symmetry breaking scale,…
Algorithmic fairness involves expressing notions such as equity, or reasonable treatment, as quantifiable measures that a machine learning algorithm can optimise. Most work in the literature to date has focused on classification problems…
Estimands using the treatment policy strategy for addressing intercurrent events are common in Phase III clinical trials. One estimation approach for this strategy is retrieved dropout whereby observed data following an intercurrent event…
In negatively curved field spaces, inflation can be realised even in steep potentials. Hyperinflation invokes the `centrifugal force' of a field orbiting the hyperbolic plane to sustain inflation. We generalise hyperinflation by showing…
A sufficiently rigid relativistic elastic solid can be stable for negative pressure values and thus is capable of driving a stage of accelerated expansion. If a relativistic elastic solid drove an inflationary stage in the early Universe,…
This paper studies proportional risk sharing at claim occurrence time in community-based insurance. Each participant is modeled by an individual Cram\'er-Lundberg surplus process, and, whenever a claim is reported within the pool, its cost…
Monetary inflation is a sustained increase in the money supply than can result in price inflation, which is a rise in the general level of prices of goods and services. The objectives of this paper were to develop economic models to (1)…
Consequential decision-making typically incentivizes individuals to behave strategically, tailoring their behavior to the specifics of the decision rule. A long line of work has therefore sought to counteract strategic behavior by designing…
Recently, there has been an increase in efforts to understand how large language models (LLMs) propagate and amplify social biases. Several works have utilized templates for fairness evaluation, which allow researchers to quantify social…
We propose a class of inflation models in which the coefficient of the inflaton kinetic term rapidly changes with energy scale. This may occur especially if the inflaton moves over a long distance during inflation as in the case of…
Online social networks have become primary means of communication. As they often exhibit undesirable effects such as hostility, polarisation or echo chambers, it is crucial to develop analytical tools that help us better understand them. In…
We introduce pricing formulas for competition and collusion models of two-sided markets with an outside option. For the competition model, we find conditions under which prices and consumer surplus may increase or decrease if the outside…