Heterogeneity, convergence, and autocorrelations

This paper is a contribution to the literature on the explanatory power and calibration of heterogeneous asset pricing models. We set out a new stochastic market-fraction asset pricing model of fundamentalists and trend followers under a market maker. Our model explains key features of financial market behaviour such as market dominance, convergence to the fundamental price and under- and over-reaction. We use the dynamics of the underlying deterministic system to characterize these features and statistical properties, including convergence of the limiting distribution and autocorrelation structure. We confirm these properties using Monte Carlo simulations.

L’Utilisation D’Entretiens Quantitatifs Pour Détecter L’influence des Parents Dans le Développement de Compétences Sportives Chez Les Athlètes

Past research has indicated that parents influence children’s sport performance, but studies using qualitative methodologies and lacking comparison groups have failed to outline specific parent behaviors that constitute support, pressure, involvement, and resource provision at each stage of development. This paper presents a quantitative methodology that assesses specific, observable, verifiable parent behaviors across development, allowing future researchers to highlight differences in parental behaviors of athletes who reach high levels of performance and those who do not. The combined survey and interview methodology examines parents’ demographic information, children’s involvement in sporting activities, and the nature of parents’ involvement in those activities. A case study conducted with the parents of three Canadian junior ice hockey athletes using this methodology found parents’ invested time and specific behaviors changed throughout the development of the athlete.