In search of best practices in responsible gambling ( RG ) : a report on a comparative study of RG among Macau, Las Vegas, and Melbourne, presented to the MSAR Bureau of Gaming Inspection and Coordination (DICJ).

This is a project sponsored by the Asia Pacific Association for Gambling Studies (APAGS) and supported by funds from the MSAR’s Bureau of Gambling Inspection and Coordination (DICJ). The research team comprises as Chief Investigators: Prof. Zhidong Hao of the University of Macau; Prof. Linda Hancock of Deakin University, Australia, and Prof. William Thompson, University of Las Vegas (UNLV). The project research was conducted between the end of December 2012 and July 2013.
The starting point for the research was to select four out of the six casino companies licensed to operate in Macau that also operate transnationally, that is, either in Las Vegas or Melbourne. Hence, the Venetian, Wynn, MGM, and the Melco-Crown Entertainment are the focus of research. The main objectives of the project are to explore how responsible gambling is framed in each of the three jurisdictions (Macau, Las Vegas and Melbourne); how it is approached cross-jurisdictionally by each of the companies; and to assess current approaches within a broader comparative context against international best practice. The research explores Responsible Gambling measures taken by a range of stakeholders including the government/regulators in each of the three jurisdictions, casino managements, problem gambling counselling services, unions and community organizations. The research emphasizes what problems prevail, and the implications of this research for enhancing Responsible Gambling in Macau.

Mudanças de regime e persistência dos choques sobre a volatilidade para a série de preços do petróleo: uma análise comparativa da família GARCH e modelos com mudança de regime Markoviana – MSIH e SWARCH

A previsão dos preços do petróleo é fundamental para o planejamento energético e oferece subsídio a tomada de decisões de longo prazo, que envolvem custos irrecuperáveis. No entanto, os preços do petróleo são muito instáveis sujeitos a choques como resultado de questões geopolíticas, poder de mercado da OPEP (Organização dos Países Exportadores de Petróleo) e pressões de demanda resultando numa série sujeita a quebras estruturais, prejudicando a estimação e previsão de modelos de série temporal. Dada a limitação dos modelos de volatilidade da família GARCH, que são instáveis e apresentam elevada persistência em séries com mudanças estruturais, este trabalho compara a previsão da volatilidade, em termos de intervalos de confiança e persistência, dos modelos de volatilidade com mudança de regime markoviana em relação aos modelos de volatilidade determinísticos. Os modelos de volatilidade com mudança de regime considerados são o modelo SWARCH (Markov Switch ARCH) e introduz-se o modelo MSIH (Markov Switch Intercept Heteroskedasticity) para o estudo da volatilidade. Como resultado as previsões de volatilidade dos modelos com mudança de regime permitem uma estimação da volatilidade que reduz substancialmente a persistência em relação aos modelos GARCH.

Riemann-Hilbert problems for poly-Hardy space on the unit ball

In this paper, we focus on a Riemann–Hilbert boundary value problem (BVP) with a constant coefficients for the poly-Hardy space on the real unit ball in higher dimensions. We first discuss the boundary behaviour of functions in the poly-Hardy class. Then we construct the Schwarz kernel and the higher order Schwarz operator to study Riemann–Hilbert BVPs over the unit ball for the poly- Hardy class. Finally, we obtain explicit integral expressions for their solutions. As a special case, monogenic signals as elements in the Hardy space over the unit sphere will be reconstructed in the case of boundary data given in terms of functions having values in a Clifford subalgebra. Such monogenic signals represent the generalization of analytic signals as elements of the Hardy space over the unit circle of the complex plane.