The mixture model likelihood function is invariant with respect to permutation of the components of the mixture. If functions of interest are permutation sensitive, as in classification applications, then interpretation ...
Abstract: The use of the likelihood ratio statistic in testing the goodness of fit of the exploratory factor model has no formal justification when, as is often the case in practice, the usual regularity conditions are not ...
In this paper I analyze investors' reactions to changes in the expense ratios of equity mutual funds. I show that investment flows' response to fees cannot be fully explained by looking at investors' performance sensitivity. ...
In this paper I analyze investors reactions to changes in the expense ratios of equity mutual funds. I show that investment ?ows response to fees cannot be fully explained by looking at investors performance sensitivity. ...
In this paper we discuss structured [image omitted] control methods for large-scale interconnected systems. Based on a relaxation of Riccati equations, we derive some linear matrix inequality (LMI) conditions for sub-optimal ...
It is shown that two copies are enough to distinguish a complete basis of maximally entangled states in canonical form by constructing an explicit protocol. In particular, in such a protocol, no auxiliary system is needed ...
We show that any two different unitary operations acting on an arbitrary multipartite quantum system can be perfectly distinguished by local operations and classical communication when a finite number of runs is allowed. ...
In the lognormal forward Market model (LFM) framework, the specification for time-deterministic instantaneous volatility functions for state variable forward rates is required. In reality, only a discrete number of forward ...
Background. Perinatal factors, including gestational age and birth weight, influence the development of atopy in early life. However, the role of these factors in the development of asthma in later life among children who ...
The well-known absence-of-arbitrage condition NFLVR from the fundamental theorem of asset pricing splits into two conditions, called NA and NUPBR. We give a literature overview of several equivalent reformulations of NUPBR; ...