Most models of trade in speculative markets assume that agents interpret public information
identically. We provide empirical evidence on the relation between the volume of trade and …

Despite the success of genomics in identifying new essential bacterial genes, there is a lack
of sustainable leads in antibacterial drug discovery to address increasing multidrug …

We propose an empirical method that utilizes the conditional density of the state variables to
estimate and test a term structure model with known price formulae, using data on both …

This article is a self-contained introduction to the concept and methodology of value at risk (VAR),
a recently developed tool for measuring an entity's exposure to market risk. We explain …

… time finite probability space model studied by He and Pearson [20]. In that setting the set of
… state prices consistent with the absence of arbitrage saves He and Pearson from having to …

This paper is a self-contained introduction to the concept and methodology of" value at risk,"
which is a new tool for measuring an entity's exposure to market risk. We explain the …

The offering prices of 64 issues of a popular retail structured equity product were, on average,
almost 8% greater than estimates of the products' fair market values obtained using option …

This paper uses a novel dataset of commodity-linked notes (CLNs) to examine the impact of
the flows of financial investors on commodity futures prices. Investor flows into and out of …

Quinolone antibacterials have been used to treat bacterial infections for over 40 years. A
crystal structure of moxifloxacin in complex with Acinetobacter baumannii topoisomerase IV …

This article uses a unique option data set to provide detailed descriptive statistics on the
purchased and written open interest and open buy and sell volume of several classes of …