Thus, experimentally nudging people’s focus towards the correlation and the underlying independent signals has large effects on beliefs. Founded in 1933 by a group of young British and American ...

We introduce a novel parametrization of the correlation matrix. The reparametrization facilitates modeling of correlation and covariance matrices by an unrestricted vector, where positive definiteness ...

Guido Imbens MA ’89, PhD ’91, applied econometrics professor and professor of economics at the Stanford Graduate School of Business, sits in front of two square images of his children playing ...

New Insurance Economics Findings Has Been Reported by F. Barsotti et al (Lapse risk in life insurance: Correlation and contagion effects among policyholders' behaviors) ...

The correlation between stocks and bonds is weak (around 0.2-0.3 over the past ten years), yielding the potential to diversify, but bonds have also tended to lag behind when it comes to returns.