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pricing puzzles</title> <meta name="description" content="Search results for: asset pricing puzzles"> <meta name="keywords" content="asset pricing puzzles"> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <link href="https://cdn.waset.org/favicon.ico" type="image/x-icon" rel="shortcut icon"> <link href="https://cdn.waset.org/static/plugins/bootstrap-4.2.1/css/bootstrap.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/plugins/fontawesome/css/all.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/css/site.css?v=150220211555" rel="stylesheet"> </head> <body> <header> <div class="container"> <nav class="navbar navbar-expand-lg navbar-light"> <a class="navbar-brand" href="https://waset.org"> <img src="https://cdn.waset.org/static/images/wasetc.png" alt="Open Science Research Excellence" title="Open Science Research Excellence" /> </a> <button class="d-block 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action="https://publications.waset.org/abstracts/search"> <div id="custom-search-input"> <div class="input-group"> <i class="fas fa-search"></i> <input type="text" class="search-query" name="q" placeholder="Author, Title, Abstract, Keywords" value="asset pricing puzzles"> <input type="submit" class="btn_search" value="Search"> </div> </div> </form> </div> </div> <div class="row mt-3"> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Commenced</strong> in January 2007</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Frequency:</strong> Monthly</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Edition:</strong> International</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Paper Count:</strong> 677</div> </div> </div> </div> <h1 class="mt-3 mb-3 text-center" style="font-size:1.6rem;">Search results for: asset pricing puzzles</h1> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">677</span> Understanding Consumption Planning Behaviors</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Gaosheng%20Ju">Gaosheng Ju</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Our empirical evidence supports a model of consumption planning behaviors with the following two characteristics. First, households formulate a rational consumption target based on their desired target, displaying a diminishing sensitivity to the discrepancy between them. Second, the established target is a reference point for their planned consumption. The diminishing sensitivity leads to opposite reactions in higher and lower quantiles of both consumption targets and consumption growth to changes in economic conditions. This phenomenon accounts for the perplexingly low correlation between consumption and other macroeconomic variables. Furthermore, the opposing movements of consumption targets offer new insights into consumption-based asset pricing. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=consumption%20planning" title="consumption planning">consumption planning</a>, <a href="https://publications.waset.org/abstracts/search?q=reference%20point" title=" reference point"> reference point</a>, <a href="https://publications.waset.org/abstracts/search?q=diminishing%20sensitivity" title=" diminishing sensitivity"> diminishing sensitivity</a>, <a href="https://publications.waset.org/abstracts/search?q=quantile%20regression" title=" quantile regression"> quantile regression</a>, <a href="https://publications.waset.org/abstracts/search?q=asset%20pricing%20puzzles" title=" asset pricing puzzles"> asset pricing puzzles</a> </p> <a href="https://publications.waset.org/abstracts/179626/understanding-consumption-planning-behaviors" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/179626.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">82</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">676</span> A Theoretical Framework of Multifactor Systematic Risks in Equity Market: Behavioral Finance Paradigm</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Jasman%20Tuyon">Jasman Tuyon</a>, <a href="https://publications.waset.org/abstracts/search?q=Zamri%20Ahmad"> Zamri Ahmad</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Behavioral asset pricing research has been gaining momentum since in 1990s. However, it is still incomplete and has been criticized for some philosophical, theoretical and model specification limitations. Due to these drawbacks, investors’ behaviors as a source of risk in behavioral asset pricing modeling still remains disputable. This paper aims to address these issues with an alternative perspective based on behavioral finance paradigm. Specifically, this paper proposes a theoretical linkages of both fundamental and behavioral risks on stock prices formation and an extension of the multifactor stock pricing model by combining multi-factor fundamentals and behavioral risks factors. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=behavioral%20finance" title="behavioral finance">behavioral finance</a>, <a href="https://publications.waset.org/abstracts/search?q=multifactor%20asset%20pricing" title=" multifactor asset pricing"> multifactor asset pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=behavioral%20risks" title=" behavioral risks"> behavioral risks</a>, <a href="https://publications.waset.org/abstracts/search?q=fundamental%20risks" title=" fundamental risks"> fundamental risks</a> </p> <a href="https://publications.waset.org/abstracts/11989/a-theoretical-framework-of-multifactor-systematic-risks-in-equity-market-behavioral-finance-paradigm" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/11989.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">499</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">675</span> Asset Pricing Model: A Quality Paradigm</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Urmi%20Khatri">Urmi Khatri</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Capital asset pricing model (CAPM) draws a direct relationship between the risk and the expected rate of return. There was a criticism on the beta and the assumptions of CAPM, as they are not applicable in the real world. Fama French Three Factor Model and Fama French Five Factor Model have given different factors, which have an impact on the return of any asset like size, value, investment and profitability. This study proposes to see Capital Asset pricing Model through the lenses of the quality aspect. In the study, the six factors are studied. The Fama French Five Factor Model and addition of the quality dimension are studied. Here, Graham’s seven quality and quantity criteria are measured to determine the score of the sample firms. Thus, this study tries to check the model fit. The beta coefficient of the quality dimension and the R square value is seen to determine validity of the proposed model. The sample is drawn from the firms listed on Indian Stock Exchange (BSE). For the study, only nonfinancial firms are been selected. The time period of the study is from January 1999 to December 2019. Hence, the primary objective of the study is to check how robust the model becomes after giving the quality dimension to the capital asset pricing model in addition to the size, value, profitability and investment. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=asset%20pricing%20model" title="asset pricing model">asset pricing model</a>, <a href="https://publications.waset.org/abstracts/search?q=CAPM" title=" CAPM"> CAPM</a>, <a href="https://publications.waset.org/abstracts/search?q=Graham%E2%80%99s%20score" title=" Graham’s score"> Graham’s score</a>, <a href="https://publications.waset.org/abstracts/search?q=G-score" title=" G-score"> G-score</a>, <a href="https://publications.waset.org/abstracts/search?q=multifactor%20model" title=" multifactor model"> multifactor model</a>, <a href="https://publications.waset.org/abstracts/search?q=quality" title=" quality"> quality</a> </p> <a href="https://publications.waset.org/abstracts/125556/asset-pricing-model-a-quality-paradigm" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/125556.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">158</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">674</span> Rating and Generating Sudoku Puzzles Based on Constraint Satisfaction Problems </h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Bahare%20Fatemi">Bahare Fatemi</a>, <a href="https://publications.waset.org/abstracts/search?q=Seyed%20Mehran%20Kazemi"> Seyed Mehran Kazemi</a>, <a href="https://publications.waset.org/abstracts/search?q=Nazanin%20Mehrasa"> Nazanin Mehrasa</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Sudoku is a logic-based combinatorial puzzle game which people in different ages enjoy playing it. The challenging and addictive nature of this game has made it a ubiquitous game. Most magazines, newspapers, puzzle books, etc. publish lots of Sudoku puzzles every day. These puzzles often come in different levels of difficulty so that all people, from beginner to expert, can play the game and enjoy it. Generating puzzles with different levels of difficulty is a major concern of Sudoku designers. There are several works in the literature which propose ways of generating puzzles having a desirable level of difficulty. In this paper, we propose a method based on constraint satisfaction problems to evaluate the difficulty of the Sudoku puzzles. Then, we propose a hill climbing method to generate puzzles with different levels of difficulty. Whereas other methods are usually capable of generating puzzles with only few number of difficulty levels, our method can be used to generate puzzles with arbitrary number of different difficulty levels. We test our method by generating puzzles with different levels of difficulty and having a group of 15 people solve all the puzzles and recording the time they spend for each puzzle. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=constraint%20satisfaction%20problem" title="constraint satisfaction problem">constraint satisfaction problem</a>, <a href="https://publications.waset.org/abstracts/search?q=generating%20Sudoku%20puzzles" title=" generating Sudoku puzzles"> generating Sudoku puzzles</a>, <a href="https://publications.waset.org/abstracts/search?q=hill%20climbing" title=" hill climbing"> hill climbing</a> </p> <a href="https://publications.waset.org/abstracts/8625/rating-and-generating-sudoku-puzzles-based-on-constraint-satisfaction-problems" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/8625.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">402</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">673</span> Fama French Four Factor Model: A Study of Nifty Fifty Companies</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Deeksha%20Arora">Deeksha Arora</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The study aims to explore the applicability of the widely used asset pricing models, namely, Capital Asset Pricing Model (CAPM) and the Fama-French Four Factor Model in the Indian equity market. The study will be based on the companies that form part of the Nifty Fifty Index for a period of five years: 2011 to 2016. The asset pricing model is examined by forming portfolios on the basis of three variables – market capitalization (size effect), book-to-market equity ratio (value effect) and profitability. The study provides a basis to test the presence of the Fama-French Four factor model in Indian stock market. This study may provide a basis for future research in the generalized asset pricing model comprising of multiple risk factors. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=book%20to%20market%20equity" title="book to market equity">book to market equity</a>, <a href="https://publications.waset.org/abstracts/search?q=Fama%20French%20four%20factor%20model" title=" Fama French four factor model"> Fama French four factor model</a>, <a href="https://publications.waset.org/abstracts/search?q=market%20capitalization" title=" market capitalization"> market capitalization</a>, <a href="https://publications.waset.org/abstracts/search?q=profitability" title=" profitability"> profitability</a>, <a href="https://publications.waset.org/abstracts/search?q=size%20effect" title=" size effect"> size effect</a>, <a href="https://publications.waset.org/abstracts/search?q=value%20effect" title=" value effect"> value effect</a> </p> <a href="https://publications.waset.org/abstracts/76959/fama-french-four-factor-model-a-study-of-nifty-fifty-companies" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/76959.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">263</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">672</span> Modeling Environmental, Social, and Governance Financial Assets with Lévy Subordinated Processes and Option Pricing</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Abootaleb%20Shirvani">Abootaleb Shirvani</a>, <a href="https://publications.waset.org/abstracts/search?q=Svetlozar%20Rachev"> Svetlozar Rachev</a> </p> <p class="card-text"><strong>Abstract:</strong></p> ESG stands for Environmental, Social, and Governance and is a non-financial factor that investors use to specify material risks and growth opportunities in their analysis process. ESG ratings provide a quantitative measure of socially responsible investment, and it is essential to incorporate ESG ratings when modeling the dynamics of asset returns. In this article, we propose a triple subordinated Lévy process for incorporating numeric ESG ratings into dynamic asset pricing theory to model the time series properties of the stock returns. The motivation for introducing three layers of subordinator is twofold. The first two layers of subordinator capture the skew and fat-tailed properties of the stock return distribution that cannot be explained well by the existing Lévy subordinated model. The third layer of the subordinator introduces ESG valuation and incorporates numeric ESG ratings into dynamic asset pricing theory and option pricing. We employ the triple subordinator Lévy model for developing the ESG-valued stock return model, derive the implied ESG score surfaces for Microsoft, Apple, and Amazon stock returns, and compare the shape of the ESG implied surface scores for these stocks. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=ESG%20scores" title="ESG scores">ESG scores</a>, <a href="https://publications.waset.org/abstracts/search?q=dynamic%20asset%20pricing%20theory" title=" dynamic asset pricing theory"> dynamic asset pricing theory</a>, <a href="https://publications.waset.org/abstracts/search?q=multiple%20subordinated%20modeling" title=" multiple subordinated modeling"> multiple subordinated modeling</a>, <a href="https://publications.waset.org/abstracts/search?q=L%C3%A9vy%20processes" title=" Lévy processes"> Lévy processes</a>, <a href="https://publications.waset.org/abstracts/search?q=option%20pricing" title=" option pricing"> option pricing</a> </p> <a href="https://publications.waset.org/abstracts/160773/modeling-environmental-social-and-governance-financial-assets-with-levy-subordinated-processes-and-option-pricing" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/160773.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">81</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">671</span> A Retrievable Genetic Algorithm for Efficient Solving of Sudoku Puzzles</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Seyed%20Mehran%20Kazemi">Seyed Mehran Kazemi</a>, <a href="https://publications.waset.org/abstracts/search?q=Bahare%20Fatemi"> Bahare Fatemi</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Sudoku is a logic-based combinatorial puzzle game which is popular among people of different ages. Due to this popularity, computer softwares are being developed to generate and solve Sudoku puzzles with different levels of difficulty. Several methods and algorithms have been proposed and used in different softwares to efficiently solve Sudoku puzzles. Various search methods such as stochastic local search have been applied to this problem. Genetic Algorithm (GA) is one of the algorithms which have been applied to this problem in different forms and in several works in the literature. In these works, chromosomes with little or no information were considered and obtained results were not promising. In this paper, we propose a new way of applying GA to this problem which uses more-informed chromosomes than other works in the literature. We optimize the parameters of our GA using puzzles with different levels of difficulty. Then we use the optimized values of the parameters to solve various puzzles and compare our results to another GA-based method for solving Sudoku puzzles. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=genetic%20algorithm" title="genetic algorithm">genetic algorithm</a>, <a href="https://publications.waset.org/abstracts/search?q=optimization" title=" optimization"> optimization</a>, <a href="https://publications.waset.org/abstracts/search?q=solving%20Sudoku%20puzzles" title=" solving Sudoku puzzles"> solving Sudoku puzzles</a>, <a href="https://publications.waset.org/abstracts/search?q=stochastic%20local%20search" title=" stochastic local search"> stochastic local search</a> </p> <a href="https://publications.waset.org/abstracts/8411/a-retrievable-genetic-algorithm-for-efficient-solving-of-sudoku-puzzles" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/8411.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">423</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">670</span> Basket Option Pricing under Jump Diffusion Models</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ali%20Safdari-Vaighani">Ali Safdari-Vaighani</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Pricing financial contracts on several underlying assets received more and more interest as a demand for complex derivatives. The option pricing under asset price involving jump diffusion processes leads to the partial integral differential equation (PIDEs), which is an extension of the Black-Scholes PDE with a new integral term. The aim of this paper is to show how basket option prices in the jump diffusion models, mainly on the Merton model, can be computed using RBF based approximation methods. For a test problem, the RBF-PU method is applied for numerical solution of partial integral differential equation arising from the two-asset European vanilla put options. The numerical result shows the accuracy and efficiency of the presented method. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=basket%20option" title="basket option">basket option</a>, <a href="https://publications.waset.org/abstracts/search?q=jump%20diffusion" title=" jump diffusion"> jump diffusion</a>, <a href="https://publications.waset.org/abstracts/search?q=%E2%80%8Eradial%20basis%20function" title=" ‎radial basis function"> ‎radial basis function</a>, <a href="https://publications.waset.org/abstracts/search?q=RBF-PUM" title=" RBF-PUM"> RBF-PUM</a> </p> <a href="https://publications.waset.org/abstracts/67152/basket-option-pricing-under-jump-diffusion-models" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/67152.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">354</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">669</span> Econophysics: The Use of Entropy Measures in Finance</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Muhammad%20Sheraz">Muhammad Sheraz</a>, <a href="https://publications.waset.org/abstracts/search?q=Vasile%20Preda"> Vasile Preda</a>, <a href="https://publications.waset.org/abstracts/search?q=Silvia%20Dedu"> Silvia Dedu</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Concepts of econophysics are usually used to solve problems related to uncertainty and nonlinear dynamics. In the theory of option pricing the risk neutral probabilities play very important role. The application of entropy in finance can be regarded as the extension of both information entropy and the probability entropy. It can be an important tool in various financial methods such as measure of risk, portfolio selection, option pricing and asset pricing. Gulko applied Entropy Pricing Theory (EPT) for pricing stock options and introduced an alternative framework of Black-Scholes model for pricing European stock option. In this article, we present solutions to maximum entropy problems based on Tsallis, Weighted-Tsallis, Kaniadakis, Weighted-Kaniadakies entropies, to obtain risk-neutral densities. We have also obtained the value of European call and put in this framework. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=option%20pricing" title="option pricing">option pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=Black-Scholes%20model" title=" Black-Scholes model"> Black-Scholes model</a>, <a href="https://publications.waset.org/abstracts/search?q=Tsallis%20entropy" title=" Tsallis entropy"> Tsallis entropy</a>, <a href="https://publications.waset.org/abstracts/search?q=Kaniadakis%20entropy" title=" Kaniadakis entropy"> Kaniadakis entropy</a>, <a href="https://publications.waset.org/abstracts/search?q=weighted%20entropy" title=" weighted entropy"> weighted entropy</a>, <a href="https://publications.waset.org/abstracts/search?q=risk-neutral%20density" title=" risk-neutral density"> risk-neutral density</a> </p> <a href="https://publications.waset.org/abstracts/55546/econophysics-the-use-of-entropy-measures-in-finance" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/55546.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">303</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">668</span> Dynamics of Investor's Behaviour: An Analytical Survey Study in Indian Securities Market</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Saurabh%20Agarwal">Saurabh Agarwal</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper attempts to formalise the effect of demographic variables like marital status, gender, occupation and age on the source of investment advice which, in turn, affect the herd behaviour of investors and probability of investment in near future. Further, postulations have been made for most preferred investment option and purpose of saving and source of investment. Impact of theoretical analysis on choice among investment alternatives has also been investigated. The analysis contributes to understanding the different investment choices made by households in India. The insights offered in the paper indirectly contribute in uncovering the various unexplained asset pricing puzzles. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=portfolio%20choice" title="portfolio choice">portfolio choice</a>, <a href="https://publications.waset.org/abstracts/search?q=investment%20decisions" title=" investment decisions"> investment decisions</a>, <a href="https://publications.waset.org/abstracts/search?q=investor%E2%80%99s%20behaviour" title=" investor’s behaviour"> investor’s behaviour</a>, <a href="https://publications.waset.org/abstracts/search?q=Indian%20securities%20market" title=" Indian securities market"> Indian securities market</a> </p> <a href="https://publications.waset.org/abstracts/13305/dynamics-of-investors-behaviour-an-analytical-survey-study-in-indian-securities-market" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/13305.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">367</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">667</span> Whether Asset Growth is Systematic Risk: Evidence from Thailand</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Thitima%20Chaiyakul">Thitima Chaiyakul</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The number of previous literature regarding to the effect of asset growth and equity returns is small. Furthermore, those literature are mainly focus in the developed markets. According to my knowledge, there is no published paper examining the effect of asset growth and equity returns in the Stock Exchange of Thailand in different industry groups. The main objective in this research is the testing the effect of asset growth to equity returns in different industry groups. This study employs the data of the listed companies in the Stock Exchange of Thailand during January 1996 and December 2014. The data of financial industry are exclude from this study due to the different meaning of accounting terms. The results show the supported evidence that the asset growth positively affects the equity returns at a statistically significance level of at least 5% in Agro& Food Industry, Industrials, and Services Industry Groups. These results are inconsistent with the previous research testing in developed markets. Nevertheless, the statistically significances of the effect of asset growth to equity returns appear in some cases. In summary, the asset growth is a non-systematic risk and it is a mispricing factor. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=asset%20growth" title="asset growth">asset growth</a>, <a href="https://publications.waset.org/abstracts/search?q=asset%20pricing" title=" asset pricing"> asset pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=equity%20returns" title=" equity returns"> equity returns</a>, <a href="https://publications.waset.org/abstracts/search?q=Thailand" title=" Thailand"> Thailand</a> </p> <a href="https://publications.waset.org/abstracts/38000/whether-asset-growth-is-systematic-risk-evidence-from-thailand" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/38000.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">352</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">666</span> Implicit Transaction Costs and the Fundamental Theorems of Asset Pricing</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Erindi%20Allaj">Erindi Allaj</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper studies arbitrage pricing theory in financial markets with transaction costs. We extend the existing theory to include the more realistic possibility that the price at which the investors trade is dependent on the traded volume. The investors in the market always buy at the ask and sell at the bid price. Transaction costs are composed of two terms, one is able to capture the implicit transaction costs and the other the price impact. Moreover, a new definition of a self-financing portfolio is obtained. The self-financing condition suggests that continuous trading is possible, but is restricted to predictable trading strategies which have left and right limit and finite quadratic variation. That is, predictable trading strategies of infinite variation and of finite quadratic variation are allowed in our setting. Within this framework, the existence of an equivalent probability measure is equivalent to the absence of arbitrage opportunities, so that the first fundamental theorem of asset pricing (FFTAP) holds. It is also proved that, when this probability measure is unique, any contingent claim in the market is hedgeable in an L2-sense. The price of any contingent claim is equal to the risk-neutral price. To better understand how to apply the theory proposed we provide an example with linear transaction costs. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=arbitrage%20pricing%20theory" title="arbitrage pricing theory">arbitrage pricing theory</a>, <a href="https://publications.waset.org/abstracts/search?q=%01transaction%20costs" title=" transaction costs"> transaction costs</a>, <a href="https://publications.waset.org/abstracts/search?q=fundamental%20theorems%20of%20arbitrage" title=" fundamental theorems of arbitrage"> fundamental theorems of arbitrage</a>, <a href="https://publications.waset.org/abstracts/search?q=financial%20markets" title=" financial markets"> financial markets</a> </p> <a href="https://publications.waset.org/abstracts/11705/implicit-transaction-costs-and-the-fundamental-theorems-of-asset-pricing" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/11705.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">360</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">665</span> Inflation Tail Risks and Asset Pricing</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Sebastian%20Luber">Sebastian Luber</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The study demonstrates that tail inflation risk is priced into stock returns and credit spreads. This holds true even when controlling for current and historical inflation moments. The analysis employs inflation caps and floors to obtain the distribution of future inflation under the risk-neutral measure. Credit spreads decrease as the mean and median of future inflation rise, but they respond positively to tail risks. Conversely, stocks serve as a robust hedge against future inflation. Stock returns increase with a higher mean and median of future inflation and rising inflationary tail risk, while they decrease with rising deflationary tail risk. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=asset%20pricing" title="asset pricing">asset pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=inflation%20expectations" title=" inflation expectations"> inflation expectations</a>, <a href="https://publications.waset.org/abstracts/search?q=tail%20risk" title=" tail risk"> tail risk</a>, <a href="https://publications.waset.org/abstracts/search?q=stocks" title=" stocks"> stocks</a>, <a href="https://publications.waset.org/abstracts/search?q=inflation%20derivatives" title=" inflation derivatives"> inflation derivatives</a>, <a href="https://publications.waset.org/abstracts/search?q=credit" title=" credit"> credit</a> </p> <a href="https://publications.waset.org/abstracts/192569/inflation-tail-risks-and-asset-pricing" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/192569.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">22</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">664</span> Math Rally Proposal for the Teaching-Learning of Algebra</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Liliana%20O.%20Mart%C3%ADnez">Liliana O. Martínez</a>, <a href="https://publications.waset.org/abstracts/search?q=Juan%20E.%20Gonz%C3%A1lez"> Juan E. González</a>, <a href="https://publications.waset.org/abstracts/search?q=Manuel%20Ram%C3%ADrez-Aranda"> Manuel Ramírez-Aranda</a>, <a href="https://publications.waset.org/abstracts/search?q=Ana%20Cervantes-Herrera"> Ana Cervantes-Herrera</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In this work, the use of a collection of mathematical challenges and puzzles aimed at students who are starting in algebra is proposed. The selected challenges and puzzles are intended to arouse students' interest in this area of mathematics, in addition to facilitating the teaching-learning process through challenges such as riddles, crossword puzzles, and board games, all in everyday situations that allow them to build themselves the learning. For this, it is proposed to carry out a "Math Rally: algebra" divided into four sections: mathematical reasoning, a hierarchy of operations, fractions, and algebraic equations. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=algebra" title="algebra">algebra</a>, <a href="https://publications.waset.org/abstracts/search?q=algebraic%20challenge" title=" algebraic challenge"> algebraic challenge</a>, <a href="https://publications.waset.org/abstracts/search?q=algebraic%20puzzle" title=" algebraic puzzle"> algebraic puzzle</a>, <a href="https://publications.waset.org/abstracts/search?q=math%20rally" title=" math rally"> math rally</a> </p> <a href="https://publications.waset.org/abstracts/156056/math-rally-proposal-for-the-teaching-learning-of-algebra" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/156056.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">171</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">663</span> Numerical Simulation of Wishart Diffusion Processes</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Raphael%20Naryongo">Raphael Naryongo</a>, <a href="https://publications.waset.org/abstracts/search?q=Philip%20%20Ngare"> Philip Ngare</a>, <a href="https://publications.waset.org/abstracts/search?q=Anthony%20%20Waititu"> Anthony Waititu</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper deals with numerical simulation of Wishart processes for a single asset risky pricing model whose volatility is described by Wishart affine diffusion processes. The multi-factor specification of volatility will make the model more flexible enough to fit the stock market data for short or long maturities for better returns. The Wishart process is a stochastic process which is a positive semi-definite matrix-valued generalization of the square root process. The aim of the study is to model the log asset stock returns under the double Wishart stochastic volatility model. The solution of the log-asset return dynamics for Bi-Wishart processes will be obtained through Euler-Maruyama discretization schemes. The numerical results on the asset returns are compared to the existing models returns such as Heston stochastic volatility model and double Heston stochastic volatility model <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=euler%20schemes" title="euler schemes">euler schemes</a>, <a href="https://publications.waset.org/abstracts/search?q=log-asset%20return" title=" log-asset return"> log-asset return</a>, <a href="https://publications.waset.org/abstracts/search?q=infinitesimal%20generator" title=" infinitesimal generator"> infinitesimal generator</a>, <a href="https://publications.waset.org/abstracts/search?q=wishart%20diffusion%20affine%20processes" title=" wishart diffusion affine processes "> wishart diffusion affine processes </a> </p> <a href="https://publications.waset.org/abstracts/137631/numerical-simulation-of-wishart-diffusion-processes" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/137631.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">378</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">662</span> Volatility Index, Fear Sentiment and Cross-Section of Stock Returns: Indian Evidence</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Pratap%20Chandra%20Pati">Pratap Chandra Pati</a>, <a href="https://publications.waset.org/abstracts/search?q=Prabina%20Rajib"> Prabina Rajib</a>, <a href="https://publications.waset.org/abstracts/search?q=Parama%20Barai"> Parama Barai</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The traditional finance theory neglects the role of sentiment factor in asset pricing. However, the behavioral approach to asset-pricing based on noise trader model and limit to arbitrage includes investor sentiment as a priced risk factor in the assist pricing model. Investor sentiment affects stock more that are vulnerable to speculation, hard to value and risky to arbitrage. It includes small stocks, high volatility stocks, growth stocks, distressed stocks, young stocks and non-dividend-paying stocks. Since the introduction of Chicago Board Options Exchange (CBOE) volatility index (VIX) in 1993, it is used as a measure of future volatility in the stock market and also as a measure of investor sentiment. CBOE VIX index, in particular, is often referred to as the ‘investors’ fear gauge’ by public media and prior literature. The upward spikes in the volatility index are associated with bouts of market turmoil and uncertainty. High levels of the volatility index indicate fear, anxiety and pessimistic expectations of investors about the stock market. On the contrary, low levels of the volatility index reflect confident and optimistic attitude of investors. Based on the above discussions, we investigate whether market-wide fear levels measured volatility index is priced factor in the standard asset pricing model for the Indian stock market. First, we investigate the performance and validity of Fama and French three-factor model and Carhart four-factor model in the Indian stock market. Second, we explore whether India volatility index as a proxy for fearful market-based sentiment indicators affect the cross section of stock returns after controlling for well-established risk factors such as market excess return, size, book-to-market, and momentum. Asset pricing tests are performed using monthly data on CNX 500 index constituent stocks listed on the National stock exchange of India Limited (NSE) over the sample period that extends from January 2008 to March 2017. To examine whether India volatility index, as an indicator of fear sentiment, is a priced risk factor, changes in India VIX is included as an explanatory variable in the Fama-French three-factor model as well as Carhart four-factor model. For the empirical testing, we use three different sets of test portfolios used as the dependent variable in the in asset pricing regressions. The first portfolio set is the 4x4 sorts on the size and B/M ratio. The second portfolio set is the 4x4 sort on the size and sensitivity beta of change in IVIX. The third portfolio set is the 2x3x2 independent triple-sorting on size, B/M and sensitivity beta of change in IVIX. We find evidence that size, value and momentum factors continue to exist in Indian stock market. However, VIX index does not constitute a priced risk factor in the cross-section of returns. The inseparability of volatility and jump risk in the VIX is a possible explanation of the current findings in the study. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=India%20VIX" title="India VIX">India VIX</a>, <a href="https://publications.waset.org/abstracts/search?q=Fama-French%20model" title=" Fama-French model"> Fama-French model</a>, <a href="https://publications.waset.org/abstracts/search?q=Carhart%20four-factor%20model" title=" Carhart four-factor model"> Carhart four-factor model</a>, <a href="https://publications.waset.org/abstracts/search?q=asset%20pricing" title=" asset pricing"> asset pricing</a> </p> <a href="https://publications.waset.org/abstracts/77209/volatility-index-fear-sentiment-and-cross-section-of-stock-returns-indian-evidence" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/77209.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">252</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">661</span> Optimal Price Points in Differential Pricing</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Katerina%20Kormusheva">Katerina Kormusheva</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Pricing plays a pivotal role in the marketing discipline as it directly influences consumer perceptions, purchase decisions, and overall market positioning of a product or service. This paper seeks to expand current knowledge in the area of discriminatory and differential pricing, a main area of marketing research. The methodology includes developing a framework and a model for determining how many price points to implement in differential pricing. We focus on choosing the levels of differentiation, derive a function form of the model framework proposed, and lastly, test it empirically with data from a large-scale marketing pricing experiment of services in telecommunications. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=marketing" title="marketing">marketing</a>, <a href="https://publications.waset.org/abstracts/search?q=differential%20pricing" title=" differential pricing"> differential pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=price%20points" title=" price points"> price points</a>, <a href="https://publications.waset.org/abstracts/search?q=optimization" title=" optimization"> optimization</a> </p> <a href="https://publications.waset.org/abstracts/169535/optimal-price-points-in-differential-pricing" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/169535.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">93</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">660</span> Study Protocol: Impact of a Sustained Health Promoting Workplace on Stock Price Performance and Beta - A Singapore Case</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Wee%20Tong%20Liaw">Wee Tong Liaw</a>, <a href="https://publications.waset.org/abstracts/search?q=Elaine%20Wong%20Yee%20Sing"> Elaine Wong Yee Sing</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Since 2001, many companies in Singapore have voluntarily participated in the bi-annual Singapore HEALTH Award initiated by the Health Promotion Board of Singapore (HPB). The Singapore HEALTH Award (SHA), is an industry wide award and assessment process. SHA assesses and recognizes employers in Singapore for implementing a comprehensive and sustainable health promotion programme at their workplaces. The rationale for implementing a sustained health promoting workplace and participating in SHA is obvious when company management is convinced that healthier employees, business productivity, and profitability are positively correlated. However, performing research or empirical studies on the impact of a sustained health promoting workplace on stock returns are not likely to yield any interests in the absence of a systematic and independent assessment on the comprehensiveness and sustainability of a health promoting workplace in most developed economies. The principles of diversification and mean-variance efficient portfolio in Modern Portfolio Theory developed by Markowitz (1952) laid the foundation for the works of many financial economists and researchers, and among others, the development of the Capital Asset Pricing Model from the work of Sharpe (1964), Lintner (1965) and Mossin (1966), and the Fama-French Three-Factor Model of Fama and French (1992). This research seeks to support the rationale by studying whether there is a significant relationship or impact of a sustained health promoting workplace on the performance of companies listed on the SGX. The research shall form and test hypotheses pertaining to the impact of a sustained health promoting workplace on company’s performances, including stock returns, of companies that participated in the SHA and companies that did not participate in the SHA. In doing so, the research would be able to determine whether corporate and fund manager should consider the significance of a sustained health promoting workplace as a risk factor to explain the stock returns of companies listed on the SGX. With respect to Singapore’s stock market, this research will test the significance and relevance of a health promoting workplace using the Singapore Health Award as a proxy for non-diversifiable risk factor to explain stock returns. This study will examine the significance of a health promoting workplace on a company’s performance and study its impact on stock price performance and beta and examine if it has higher explanatory power than the traditional single factor asset pricing model CAPM (Capital Asset Pricing Model). To study the significance there are three key questions pertinent to the research study. I) Given a choice, would an investor be better off investing in a listed company with a sustained health promoting workplace i.e. a Singapore Health Award’s recipient? II) The Singapore Health Award has four levels of award starting from Bronze, Silver, Gold to Platinum. Would an investor be indifferent to the level of award when investing in a listed company who is a Singapore Health Award’s recipient? III) Would an asset pricing model combining FAMA-French Three Factor Model and ‘Singapore Health Award’ factor be more accurate than single factor Capital Asset Pricing Model and the Three Factor Model itself? <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=asset%20pricing%20model" title="asset pricing model">asset pricing model</a>, <a href="https://publications.waset.org/abstracts/search?q=company%27s%20performance" title=" company's performance"> company's performance</a>, <a href="https://publications.waset.org/abstracts/search?q=stock%20prices" title=" stock prices"> stock prices</a>, <a href="https://publications.waset.org/abstracts/search?q=sustained%20health%20promoting%20workplace" title=" sustained health promoting workplace"> sustained health promoting workplace</a> </p> <a href="https://publications.waset.org/abstracts/81251/study-protocol-impact-of-a-sustained-health-promoting-workplace-on-stock-price-performance-and-beta-a-singapore-case" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/81251.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">369</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">659</span> An Investigation for Information Asymmetry Nexus IPO Under-Pricing: A Case of Pakistan</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Saqib%20Mehmood">Saqib Mehmood</a>, <a href="https://publications.waset.org/abstracts/search?q=Naveed%20Iqbal%20Chaudhry"> Naveed Iqbal Chaudhry</a>, <a href="https://publications.waset.org/abstracts/search?q=Asif%20Mehmood"> Asif Mehmood</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study intends to investigate the information asymmetry theories of IPO and under-pricing in Pakistan. The purpose of the study is to validate the information asymmetry about firm value which leads to under-pricing. A total of 55 IPOs listed from 2000-2011 were included in this study. OLS multiple regression was applied to achieve the objectives of this study. The findings of the study confirm the significance of information asymmetry on under-pricing in Pakistan. The findings have implications for issuing firms and prospective investors. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=information%20asymmetry" title="information asymmetry">information asymmetry</a>, <a href="https://publications.waset.org/abstracts/search?q=initial%20public%20offerings" title=" initial public offerings"> initial public offerings</a>, <a href="https://publications.waset.org/abstracts/search?q=under-pricing" title=" under-pricing"> under-pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=firm%20value" title=" firm value"> firm value</a> </p> <a href="https://publications.waset.org/abstracts/15450/an-investigation-for-information-asymmetry-nexus-ipo-under-pricing-a-case-of-pakistan" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/15450.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">481</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">658</span> Pricing Strategy in Marketing: Balancing Value and Profitability</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mohsen%20Akhlaghi">Mohsen Akhlaghi</a>, <a href="https://publications.waset.org/abstracts/search?q=Tahereh%20Ebrahimi"> Tahereh Ebrahimi</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Pricing strategy is a vital component in achieving the balance between customer value and business profitability. The aim of this study is to provide insights into the factors, techniques, and approaches involved in pricing decisions. The study utilizes a descriptive approach to discuss various aspects of pricing strategy in marketing, drawing on concepts from market research, consumer psychology, competitive analysis, and adaptability. This approach presents a comprehensive view of pricing decisions. The result of this exploration is a framework that highlights key factors influencing pricing decisions. The study examines how factors such as market positioning, product differentiation, and brand image shape pricing strategies. Additionally, it emphasizes the role of consumer psychology in understanding price elasticity, perceived value, and price-quality associations that influence consumer behavior. Various pricing techniques, including charm pricing, prestige pricing, and bundle pricing, are mentioned as methods to enhance sales by influencing consumer perceptions. The study also underscores the importance of adaptability in responding to market dynamics through regular price monitoring, dynamic pricing, and promotional strategies. It recognizes the role of digital platforms in enabling personalized pricing and dynamic pricing models. In conclusion, the study emphasizes that effective pricing strategies strike a balance between customer value and business profitability, ultimately driving sales, enhancing brand perception, and fostering lasting customer relationships. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=business" title="business">business</a>, <a href="https://publications.waset.org/abstracts/search?q=customer%20benefits" title=" customer benefits"> customer benefits</a>, <a href="https://publications.waset.org/abstracts/search?q=marketing" title=" marketing"> marketing</a>, <a href="https://publications.waset.org/abstracts/search?q=pricing" title=" pricing"> pricing</a> </p> <a href="https://publications.waset.org/abstracts/169226/pricing-strategy-in-marketing-balancing-value-and-profitability" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/169226.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">79</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">657</span> Supersized Pricing and Anticipated Consumption Guilt: The Moderating Role of Product Type and Health Claims</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Asim%20Shabir">Asim Shabir</a>, <a href="https://publications.waset.org/abstracts/search?q=Ruqia%20Shaikh"> Ruqia Shaikh</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Supersized pricing is an effective strategy often used by marketers to make consumers buy more. However, such a strategy also results in more purchases and consumption, especially of hedonic food products. This study brings interesting insights about supersized pricing as it provides value-based justification to consumers; as a result, the guilt associated with the purchase and consumption of hedonic products diminishes, which mediates the impact between supersized pricing and size choice. Interestingly, there is a three-way interaction between pricing, product type, and health goal prime. Health prime diminishes the impact of supersized pricing in the case of more hedonic products (unhealthy) compared to less hedonic (perceived as healthy) products. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=supersized%20pricing" title="supersized pricing">supersized pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=anticipated%20consumption%20guilt" title=" anticipated consumption guilt"> anticipated consumption guilt</a>, <a href="https://publications.waset.org/abstracts/search?q=health%20claim" title=" health claim"> health claim</a>, <a href="https://publications.waset.org/abstracts/search?q=product%20type" title=" product type"> product type</a> </p> <a href="https://publications.waset.org/abstracts/169085/supersized-pricing-and-anticipated-consumption-guilt-the-moderating-role-of-product-type-and-health-claims" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/169085.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">109</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">656</span> Predatory Pricing at Services Markets: Incentives, Mechanisms, Standards of Proving, and Remedies</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mykola%20G.%20Boichuk">Mykola G. Boichuk</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The paper concerns predatory pricing incentives and mechanisms in the markets of services, as well as its anti-competitive effects. As cost estimation at services markets is more complex in comparison to markets of goods, predatory pricing is more difficult to detect in the provision of services. For instance, this is often the case for professional services, which is analyzed in the paper. The special attention is given to employment markets as de-facto main supply markets for professional services markets. Also, the paper concerns such instances as travel agents' services, where predatory pricing may have implications not only on competition but on a wider range of public interest as well. Thus, the paper develops on effective ways to apply competition law rules on predatory pricing to the provision of services. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=employment%20markets" title="employment markets">employment markets</a>, <a href="https://publications.waset.org/abstracts/search?q=predatory%20pricing" title=" predatory pricing"> predatory pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=services%20markets" title=" services markets"> services markets</a>, <a href="https://publications.waset.org/abstracts/search?q=unfair%20competition" title=" unfair competition"> unfair competition</a> </p> <a href="https://publications.waset.org/abstracts/68895/predatory-pricing-at-services-markets-incentives-mechanisms-standards-of-proving-and-remedies" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/68895.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">325</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">655</span> Rate of Profit as a Pricing Benchmark in Islamic Banking to Create Financial Stability</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Trisiladi%20Supriyanto">Trisiladi Supriyanto</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Although much research has been done on the pricing benchmark both in terms of fiqh or Islamic economic perspective, but no substitution for the concept of interest (rate of interest) up to now in the application of Islamic Banking because some of the jurists from the middle east even allow the use of a benchmark rate such as LIBOR (London Interbank Offered Rate) as a measure of Islamic financial asset prices, so in other words, they equate the concept of rate of interest with the concept of rate of profit, which is the core reason (raison detre) for the replacement of usury as instructed in the Quran. This study aims to find the concept of rate of profit on Islamic banking that can create economic justice and stability in Islamic Banking and Capital market. Rate of profit that creates economic justice and stability can be achieved through its role in maintaining the stability of the financial system in which there is an equitable distribution of income and wealth. To determine the role of the rate of profit as the basis of the sharing system implemented in the Islamic financial system, we can see the connection of rate of profit in creating financial stability, especially in the asset-liability management of financial institutions that generate a stable net margin or the rate of profit that is not affected by the ups and downs of the market risk factors including indirect effect on interest rates. Furthermore, Islamic financial stability can be seen from the role of the rate of profit on the stability of the Islamic financial assets that are measured from the Islamic financial asset price volatility in Islamic Bond Market in Capital Market. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Rate%20of%20profit" title="Rate of profit">Rate of profit</a>, <a href="https://publications.waset.org/abstracts/search?q=economic%20justice" title=" economic justice"> economic justice</a>, <a href="https://publications.waset.org/abstracts/search?q=stability" title=" stability"> stability</a>, <a href="https://publications.waset.org/abstracts/search?q=equitable%20distribution%20of%20income" title=" equitable distribution of income"> equitable distribution of income</a>, <a href="https://publications.waset.org/abstracts/search?q=equitable%20distribution%20of%20wealth" title=" equitable distribution of wealth"> equitable distribution of wealth</a> </p> <a href="https://publications.waset.org/abstracts/48782/rate-of-profit-as-a-pricing-benchmark-in-islamic-banking-to-create-financial-stability" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/48782.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">403</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">654</span> An Approach to Manage and Evaluate Asset Performance</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mohammed%20Saif%20Al-Saidi">Mohammed Saif Al-Saidi</a>, <a href="https://publications.waset.org/abstracts/search?q=John%20P.%20T.%20Mo"> John P. T. Mo</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Modern engineering assets are complex and very high in value. They are expected to function for years to come, with ability to handle the change in technology and ageing modification. The aging of an engineering asset and continues increase of vendors and contractors numbers forces the asset operation management (or Owner) to design an asset system which can capture these changes. Furthermore, an accurate performance measurement and risk evaluation processes are highly needed. Therefore, this paper explores the nature of the asset management system performance evaluation for an engineering asset based on the System Support Engineering (SSE) principles. The research work explores the asset support system from a range of perspectives, interviewing managers from across a refinery organisation. The factors contributing to complexity of an asset management system are described in context which clusters them into several key areas. It is proposed that SSE framework may then be used as a tool for analysis and management of asset. The paper will conclude with discussion of potential application of the framework and opportunities for future research. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=asset%20management" title="asset management">asset management</a>, <a href="https://publications.waset.org/abstracts/search?q=performance" title=" performance"> performance</a>, <a href="https://publications.waset.org/abstracts/search?q=evaluation" title=" evaluation"> evaluation</a>, <a href="https://publications.waset.org/abstracts/search?q=modern%20engineering" title=" modern engineering"> modern engineering</a>, <a href="https://publications.waset.org/abstracts/search?q=System%20Support%20Engineering%20%28SSE%29" title=" System Support Engineering (SSE) "> System Support Engineering (SSE) </a> </p> <a href="https://publications.waset.org/abstracts/1481/an-approach-to-manage-and-evaluate-asset-performance" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/1481.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">678</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">653</span> 4G LTE Dynamic Pricing: The Drivers, Benefits, and Challenges</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ahmed%20Rashad%20Harb%20Riad%20Ismail">Ahmed Rashad Harb Riad Ismail</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The purpose of this research is to study the potential of Dynamic Pricing if deployed by mobile operators and analyse its effects from both operators and consumers side. Furthermore, to conclude, throughout the research study, the recommended conditions for successful Dynamic Pricing deployment, recommended factors identifying the type of markets where Dynamic Pricing can be effective, and proposal for a Dynamic Pricing stakeholders’ framework were presented. Currently, the mobile telecommunications industry is witnessing a dramatic growth rate in the data consumption, being fostered mainly by higher data speed technology as the 4G LTE and by the smart devices penetration rates. However, operators’ revenue from data services lags behind and is decupled from this data consumption growth. Pricing strategy is a key factor affecting this ecosystem. Since the introduction of the 4G LTE technology will increase the pace of data growth in multiples, consequently, if pricing strategies remain constant, then the revenue and usage gap will grow wider, risking the sustainability of the ecosystem. Therefore, this research study is focused on Dynamic Pricing for 4G LTE data services, researching the drivers, benefits and challenges of 4G LTE Dynamic Pricing and the feasibility of its deployment in practice from different perspectives including operators, regulators, consumers, and telecommunications equipment manufacturers point of views. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=LTE" title="LTE">LTE</a>, <a href="https://publications.waset.org/abstracts/search?q=dynamic%20pricing" title=" dynamic pricing"> dynamic pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=EPC" title=" EPC"> EPC</a>, <a href="https://publications.waset.org/abstracts/search?q=research" title=" research"> research</a> </p> <a href="https://publications.waset.org/abstracts/6817/4g-lte-dynamic-pricing-the-drivers-benefits-and-challenges" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/6817.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">333</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">652</span> Investigation on Cost Reflective Network Pricing and Modified Cost Reflective Network Pricing Methods for Transmission Service Charges</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=K.%20Iskandar">K. Iskandar</a>, <a href="https://publications.waset.org/abstracts/search?q=N.%20H.%20Radzi"> N. H. Radzi</a>, <a href="https://publications.waset.org/abstracts/search?q=R.%20Aziz"> R. Aziz</a>, <a href="https://publications.waset.org/abstracts/search?q=M.%20S.%20Kamaruddin"> M. S. Kamaruddin</a>, <a href="https://publications.waset.org/abstracts/search?q=M.%20N.%20Abdullah"> M. N. Abdullah</a>, <a href="https://publications.waset.org/abstracts/search?q=S.%20A.%20Jumaat"> S. A. Jumaat</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Nowadays many developing countries have been undergoing a restructuring process in the power electricity industry. This process has involved disaggregating former state-owned monopoly utilities both vertically and horizontally and introduced competition. The restructuring process has been implemented by the Australian National Electricity Market (NEM) started from 13 December 1998, began operating as a wholesale market for supply of electricity to retailers and end-users in Queensland, New South Wales, the Australian Capital Territory, Victoria and South Australia. In this deregulated market, one of the important issues is the transmission pricing. Transmission pricing is a service that recovers existing and new cost of the transmission system. The regulation of the transmission pricing is important in determining whether the transmission service system is economically beneficial to both side of the users and utilities. Therefore, an efficient transmission pricing methodology plays an important role in the Australian NEM. In this paper, the transmission pricing methodologies that have been implemented by the Australian NEM which are the Cost Reflective Network Pricing (CRNP) and Modified Cost Reflective Network Pricing (MCRNP) methods are investigated for allocating the transmission service charges to the transmission users. A case study using 6-bus system is used in order to identify the best method that reflects a fair and equitable transmission service charge. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cost-reflective%20network%20pricing%20method" title="cost-reflective network pricing method">cost-reflective network pricing method</a>, <a href="https://publications.waset.org/abstracts/search?q=modified%20cost-reflective%20network%20pricing%20method" title=" modified cost-reflective network pricing method"> modified cost-reflective network pricing method</a>, <a href="https://publications.waset.org/abstracts/search?q=restructuring%20process" title=" restructuring process"> restructuring process</a>, <a href="https://publications.waset.org/abstracts/search?q=transmission%20pricing" title=" transmission pricing"> transmission pricing</a> </p> <a href="https://publications.waset.org/abstracts/62287/investigation-on-cost-reflective-network-pricing-and-modified-cost-reflective-network-pricing-methods-for-transmission-service-charges" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/62287.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">445</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">651</span> Price Setting and the Role of Accounting Information</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Chris%20Durden">Chris Durden</a>, <a href="https://publications.waset.org/abstracts/search?q=Peter%20Lane"> Peter Lane</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Cost accounting information potentially plays an important role in price setting. According to prior research fixed and variable cost information often is a key influence on pricing decisions. The literature highlights the benefits of applying systematic costing systems for enhanced price setting processes. This paper explores how costing systems are used for pricing decisions in the tourism and hospitality industry relative to other sources of price setting information. Pricing based on full cost information was found to have relatively greater importance and short-term survival and customer oriented objectives were found to be the more important pricing objectives. This paper contributes to the literature by providing a recent analysis of accounting’s role in price setting within the tourism and hospitality industry. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cost%20accounting%20systems" title="cost accounting systems">cost accounting systems</a>, <a href="https://publications.waset.org/abstracts/search?q=pricing%20decisions" title=" pricing decisions"> pricing decisions</a>, <a href="https://publications.waset.org/abstracts/search?q=cost-plus%20pricing" title=" cost-plus pricing"> cost-plus pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=market%20pricing" title=" market pricing"> market pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=tourism%20industry" title=" tourism industry"> tourism industry</a> </p> <a href="https://publications.waset.org/abstracts/31372/price-setting-and-the-role-of-accounting-information" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/31372.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">387</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">650</span> Numerical Pricing of Financial Options under Irrational Exercise Times and Regime-Switching Models</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mohammad%20Saber%20Rohi">Mohammad Saber Rohi</a>, <a href="https://publications.waset.org/abstracts/search?q=Saghar%20Heidari"> Saghar Heidari</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In this paper, we studied the pricing problem of American options under a regime-switching model with the possibility of a non-optimal exercise policy (early or late exercise time) which is called an irrational strategy. For this, we consider a Markovmodulated model for the dynamic of the underlying asset as an alternative model to the classical Balck-Scholes-Merton model (BSM) and an intensity-based model for the irrational strategy, to provide more realistic results for American option prices under the irrational behavior in real financial markets. Applying a partial differential equation (PDE) approach, the pricing problem of American options under regime-switching models can be formulated as coupled PDEs. To solve the resulting systems of PDEs in this model, we apply a finite element method as the numerical solving procedure to the resulting variational inequality. Under some appropriate assumptions, we establish the stability of the method and compare its accuracy to some recent works to illustrate the suitability of the proposed model and the accuracy of the applied numerical method for the pricing problem of American options under the regime-switching model with irrational behaviors. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=irrational%20exercise%20strategy" title="irrational exercise strategy">irrational exercise strategy</a>, <a href="https://publications.waset.org/abstracts/search?q=rationality%20parameter" title=" rationality parameter"> rationality parameter</a>, <a href="https://publications.waset.org/abstracts/search?q=regime-switching%20model" title=" regime-switching model"> regime-switching model</a>, <a href="https://publications.waset.org/abstracts/search?q=American%20option" title=" American option"> American option</a>, <a href="https://publications.waset.org/abstracts/search?q=finite%20element%20method" title=" finite element method"> finite element method</a>, <a href="https://publications.waset.org/abstracts/search?q=variational%20inequality" title=" variational inequality"> variational inequality</a> </p> <a href="https://publications.waset.org/abstracts/160801/numerical-pricing-of-financial-options-under-irrational-exercise-times-and-regime-switching-models" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/160801.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">73</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">649</span> Potentials and Influencing Factors of Dynamic Pricing in Business: Empirical Insights of European Experts</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Christopher%20Reichstein">Christopher Reichstein</a>, <a href="https://publications.waset.org/abstracts/search?q=Ralf-Christian%20H%C3%A4rting"> Ralf-Christian Härting</a>, <a href="https://publications.waset.org/abstracts/search?q=Martina%20H%C3%A4u%C3%9Fler"> Martina Häußler</a> </p> <p class="card-text"><strong>Abstract:</strong></p> With a continuously increasing speed of information exchange on the World Wide Web, retailers in the E-Commerce sector are faced with immense possibilities regarding different online purchase processes like dynamic price settings. By use of Dynamic Pricing, retailers are able to set short time price changes in order to optimize producer surplus. The empirical research illustrates the basics of Dynamic Pricing and identifies six influencing factors of Dynamic Pricing. The results of a structural equation modeling approach show five main drivers increasing the potential of dynamic price settings in the E-Commerce. Influencing factors are the knowledge of customers’ individual willingness to pay, rising sales, the possibility of customization, the data volume and the information about competitors’ pricing strategy. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=e-commerce" title="e-commerce">e-commerce</a>, <a href="https://publications.waset.org/abstracts/search?q=empirical%20research" title=" empirical research"> empirical research</a>, <a href="https://publications.waset.org/abstracts/search?q=experts" title=" experts"> experts</a>, <a href="https://publications.waset.org/abstracts/search?q=dynamic%20pricing%20%28DP%29" title=" dynamic pricing (DP)"> dynamic pricing (DP)</a>, <a href="https://publications.waset.org/abstracts/search?q=influencing%20factors" title=" influencing factors"> influencing factors</a>, <a href="https://publications.waset.org/abstracts/search?q=potentials" title=" potentials"> potentials</a> </p> <a href="https://publications.waset.org/abstracts/72524/potentials-and-influencing-factors-of-dynamic-pricing-in-business-empirical-insights-of-european-experts" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/72524.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">262</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">648</span> Discrimination in Insurance Pricing: A Textual-Analysis Perspective</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ruijuan%20Bi">Ruijuan Bi</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Discrimination in insurance pricing is a topic of increasing concern, particularly in the context of the rapid development of big data and artificial intelligence. There is a need to explore the various forms of discrimination, such as direct and indirect discrimination, proxy discrimination, algorithmic discrimination, and unfair discrimination, and understand their implications in insurance pricing models. This paper aims to analyze and interpret the definitions of discrimination in insurance pricing and explore measures to reduce discrimination. It utilizes a textual analysis methodology, which involves gathering qualitative data from relevant literature on definitions of discrimination. The research methodology focuses on exploring the various forms of discrimination and their implications in insurance pricing models. Through textual analysis, this paper identifies the specific characteristics and implications of each form of discrimination in the general insurance industry. This research contributes to the theoretical understanding of discrimination in insurance pricing. By analyzing and interpreting relevant literature, this paper provides insights into the definitions of discrimination and the laws and regulations surrounding it. This theoretical foundation can inform future empirical research on discrimination in insurance pricing using relevant theories of probability theory. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=algorithmic%20discrimination" title="algorithmic discrimination">algorithmic discrimination</a>, <a href="https://publications.waset.org/abstracts/search?q=direct%20and%20indirect%20discrimination" title=" direct and indirect discrimination"> direct and indirect discrimination</a>, <a href="https://publications.waset.org/abstracts/search?q=proxy%20discrimination" title=" proxy discrimination"> proxy discrimination</a>, <a href="https://publications.waset.org/abstracts/search?q=unfair%20discrimination" title=" unfair discrimination"> unfair discrimination</a>, <a href="https://publications.waset.org/abstracts/search?q=insurance%20pricing" title=" insurance pricing"> insurance pricing</a> </p> <a href="https://publications.waset.org/abstracts/178477/discrimination-in-insurance-pricing-a-textual-analysis-perspective" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/178477.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">73</span> </span> </div> </div> <ul class="pagination"> <li class="page-item disabled"><span class="page-link">&lsaquo;</span></li> <li class="page-item active"><span class="page-link">1</span></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=asset%20pricing%20puzzles&page=2">2</a></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=asset%20pricing%20puzzles&page=3">3</a></li> <li class="page-item"><a class="page-link" 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