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[19] viXra:1008.0002 [pdf] submitted on 1 Aug 2010
Authors: V. Christianto
Comments: 21 Pages.
In the present article a number of critical economics situations are discussed based on clan capitalism as starting point. One can see clearly then, that instead of assuming 'ordinary economy' and clan/crony capitalism is an exception in particular nation because of certain socio-historical context, one should begin with the opposite assumption instead: that can capitalism can be found almost everywhere in this planet.
[18] viXra:1004.0124 [pdf] submitted on 10 Mar 2010
Authors: Florentin Smarandache, Sukanto Bhattacharya, Mohammad Khoshnevisan
Comments:
109 pages.
Computational models pervade all branches of the exact sciences and have in recent times also started to prove to be of immense utility in some of the traditionally 'soft' sciences like ecology, sociology and politics. This volume is a collection of a few cuttingedge research papers on the application of variety of computational models and tools in the analysis, interpretation and solution of vexing real-world problems and issues in economics, management, ecology and global politics by some prolific researchers in the field.
[17] viXra:1004.0095 [pdf] submitted on 19 Apr 2010
Authors: Sukanto Bhattacharya
Comments: 7 pages.
The efficient market hypothesis based primarily on the statistical principle of Bayesian inference has been proved to be only a special-case scenario. The generalized financial market, modeled as a binary, stochastic system capable of attaining one of two possible states ...
[16] viXra:1004.0093 [pdf] submitted on 19 Apr 2010
Authors: Sukanto Bhattacharya, Florentin Smarandache, Mohammad Khoshnevisan
Comments: 10 pages.
In our present paper, we have explored the possibilities and developed arguments for an application of principles of neutrosophic game theory as a generalization of the fuzzy game theory model to a better understanding of the Israel-Palestine problem in terms of the goals and governing strategies of either side. We build on an earlier attempted justification of a game theoretic explanation of this problem by Yakir Plessner (2001) and go on to argue in favour of a neutrosophic adaptation of the standard 2x2 zero-sum game theoretic model in order to identify an optimal outcome
[15] viXra:1004.0085 [pdf] submitted on 9 Mar 2010
Authors: Florentin Smarandache
Comments:
10 pages.
During the past decades there are growing concerns on the escalation and massive deprivation of the public life's quality, which some researchers attribute these as effects of the so-called 'Globalization'. To cite a few books, Prof. J. Stiglitz's book "Globalization and its Discontent" has sparked debate all over the world. A somewhat less known book which is worth to mention here is N. Hertz's book "The Silent Takeover." The present article may not offer something new compared to the aforementioned 'standard literature' in the critical analysis of globalization, but we discuss some hints on deep the root causes of the problems related to globalization, not only at phenomenological-social level but also at mathematical foundations of economics theory itself, namely the notion of 'utility'.
[14] viXra:1004.0017 [pdf] submitted on 8 Mar 2010
Authors: Sukanto Bhattacharya, Kuldeep Kumar, Florentin Smarandache
Comments: 9 pages
This study actually draws from and builds on an earlier paper (Kumar and Bhattacharya, 2002). Here we have basically added a neutrosophic dimension to the problem of determining the conditional probability that a financial fraud has been actually committed, given that no Type I error occurred while rejecting the null hypothesis H0: The observed first-digit frequencies approximate a Benford distribution; and accepting the alternative hypothesis H1: The observed first-digit frequencies do not approximate a Benford distribution. We have also suggested a conceptual model to implement such a neutrosophic fraud detection system.
[13] viXra:1003.0251 [pdf] submitted on 8 Mar 2010
Authors: V. Christianto, Florentin Smarandache
Comments: 11 pages
We propose the poly-emporium theory. A search done in Google on May 3rd, 2008, for the term "poly-emporium" returned no entry, so we introduce it for the first time.
[12] viXra:1003.0237 [pdf] submitted on 8 Mar 2010
Authors: V. Christianto, Florentin Smarandache
Comments: 6 pages
In the last few decades, the flexible exchange rate has become the predominating policy implemented by most countries in the World, except only a few countries who can keep their exchange rates fixed. The predominating position can be attributed mainly to Milton Friedman's strong support. What is less known, nonetheless, is a hidden premise that the flexible exchange rate policy will help fiscal policy in the sense that only governments who do not manage the fiscal policy properly will get 'punished' by exchange rate decreases. But as the US-Japan experience showed [1], this widely-held assumption is often not realistic. The same experience has been observed in other countries too, i.e. that financial liberalization including flexible exchange rate often became precursor of financial instability [2]. While in the past year, in Indonesia for particular, the exchange rate remains stable, it does not mean that it would be free from troubles in the future. Therefore it is worthwhile to explore some other choices for better exchange rate policy. In the present paper will discuss, albeit in somewhat 'crude' manner, some long-term approaches which have been discussed in the literature, and also not-so conventional approaches which may be suitable for short term purposes. The basic proposition in the present paper is that we argue in favor of returning to fixed (or pegging) exchange rate, but of course it is not realistic to promote this policy for the short-term future. Therefore we explore some unconventional alternatives for short-term. It is our hope that the proposition would be useful to explore further by the economics policy makers.
[11] viXra:1003.0201 [pdf] submitted on 6 Mar 2010
Authors: Fu Yuhua, Florentin Smarandache, V. Christianto
Comments: 96 pages
Nowadays, plenty of factories from Europe and other developed countries have been relocated to this country, considering its tremendous economic scale and rapid growth rate during the past three decades. But most of what happens inside the China nowadays is deeply hidden from the outside world ("the foreigners" as China people would call). This fact is partly because most reports on China were written by the so-called fly-high experts who are busy completing their reports despite a busy schedule. Very few books or reports were written by people inside, or at least "foreigners" who spent a few years in China. Therefore in this book, we took a different approach, by inviting local scientists and other writers to describe what happens surround them.
[10] viXra:1003.0200 [pdf] submitted on 6 Mar 2010
Authors: V. Christianto, Florentin Smarandache
Comments: 63 pages
After more than a decade Michael Porter's book Competitive Advantage of Nations stays ahead of the other books, in particular as alternative framework from the comparative advantage idea inspired by Adam Smith. This small book is merely an alternative proposition, a postscript perhaps, to Porter's book, with basic idea that one cannot rely merely on industrial processes alone to keep stay ahead of market changes. Hence, for cities in developing countries the municipal shall find out their city's best resources, and develop their city starting from there, instead of striving blindly in the conventional industrial path.
[9] viXra:1003.0184 [pdf] submitted on 6 Mar 2010
Authors: Florentin Smarandache, V. Christianto
Comments: 11 pages
Despite the economics jargon on 'rational choice', nowadays the entire world has nothing else to choose except to succumb under the spell of magic words of modern economics, i.e. 'neoliberalism', 'financial liberalization', 'free market' (laissez-faire), and 'globalization'. All of these can be shown to be part of a preconception, i.e. far beyond the 'neutral' idea of natural sciences. In Fritjof Capra's book 'Turning Point' (Bantam Books, 1982) these phenomena are summarized as follows: economics thinking have started by assuming that in economics sciences one can achieve the same generality and universality that physicists enjoy in doing Natural Sciences. In other words, economists try to become through their work 'hard science' rather than recognizing that in economics the subject of their study is human/people which is far from being predictable, either as individual or as society. In our humble opinion, economics is a mixture of both, hard and soft sciences. In order to show this, we introduce a new study, called Poly-Emporium Theory, where we show that phenomena from hard science and soft science co-exist and interact in economics. Poly-Emporium Theory is the study of interactions among many (big and small) firms in the market, and it is different from oligopoly since poly-emporium takes into consideration the small firms too (not only the big firms that dominate the market as in oligopoly). The above logic of thinking is the starting point to submit a new idea, under the heading of 'Cultural Advantage.' The first book in the series has title: Cultural Advantage for Cities: An alternative for Developing Countries. This presentation summarizes its basic ideas, with a hope that these ideas may be found interesting to develop further. For clarity the readers are referred to the book.
[8] viXra:1003.0133 [pdf] submitted on 6 Mar 2010
Authors: M. Khoshnevisan, Florentin Smarandache, Sukanto Bhattacharya
Comments: 18 pages
In this paper we have devised an alternative methodological approach for quantifying utility in terms of expected information content of the decisionmaker's choice set. We have proposed an extension to the concept of utility by incorporating extrinsic utility; which we have defined as the utility derived from the element of choice afforded to the decision-maker by the availability of an object within his or her object set. We have subsequently applied this extended utility concept to the case of investor utility derived from a structured, financial product - an custom-made investment portfolio incorporating an endogenous capital-guarantee through inclusion of cash as a risk-free asset, based on the Black-Scholes derivative-pricing formulation. We have also provided instances of potential application of information and coding theory in the realms of financial decision-making with such structured portfolios, in terms of transmission of product information.
[7] viXra:1003.0131 [pdf] submitted on 6 Mar 2010
Authors: M. Khoshnevisan, Florentin Smarandache, Sukanto Bhattacharya
Comments: 24 pages
In this paper we take a look at a simple portfolio insurance strategy using a protective put and computationally derive the investor's governing utility structures underlying such a strategy under alternative market scenarios. Investor utility is deemed to increase with an increase in the excess equity generated by the portfolio insurance strategy over a simple investment strategy without any insurance. Three alternative market scenarios (probability spaces) have been explored - "Down", "Neutral" and "Up", categorized according to whether the price of the underlying security is most likely to go down, stay unchanged or go up. The methodology used is computational, primarily based on simulation and numerical extrapolation. The Arrow-Pratt measure of risk aversion has been used to determine how the investors react towards risk under the different scenarios.
[6] viXra:1003.0129 [pdf] submitted on 6 Mar 2010
Authors: Jack Allen, Sukanto Bhattacharya, Florentin Smarandache
Comments: 21 pages
Each individual investor is different, with different financial goals, different levels of risk tolerance and different personal preferences. From the point of view of investment management, these characteristics are often defined as objectives and constraints. Objectives can be the type of return being sought, while constraints include factors such as time horizon, how liquid the investor is, any personal tax situation and how risk is handled. It's really a balancing act between risk and return with each investor having unique requirements, as well as a unique financial outlook - essentially a constrained utility maximization objective. To analyze how well a customer fits into a particular investor class, one investment house has even designed a structured questionnaire with about two-dozen questions that each has to be answered with values from 1 to 5. The questions range from personal background (age, marital state, number of children, job type, education type, etc.) to what the customer expects from an investment (capital protection, tax shelter, liquid assets, etc.). A fuzzy logic system has been designed for the evaluation of the answers to the above questions. We have investigated the notion of fuzziness with respect to funds allocation.
[5] viXra:1001.0037 [pdf] submitted on 26 Jan 2010
Authors: Dainis Zeps
Comments: 5 pages, Article deposited in http://mpra.ub.uni-muenchen.de/14453/
We suggest new approach to what should be considered money. We argue that not money itself should be measurable quantity but change of it, thus, entering gauge freedom action in economics in analogy with what we perceive what concerns nature how it is described by theoretical physics.
[4] viXra:1001.0036 [pdf] submitted on 26 Jan 2010
Authors: Dainis Zeps
Comments: 8 pages. Article deposited in http://mpra.ub.uni-muenchen.de/14416/
Today economy is run without knowing the rules, or what is run whatsoever. Perhaps commonwealth should be allowed to function under its own laws that could be discovered similarly to those, say, in physics or biology. Moreover, perhaps the quantity value of what money measures could be discovered as well. Greed in whatever appearance, direct or hidden, should be detected as maleficence and excluded completely from scientifically guided economy.
[3] viXra:0912.0046 [pdf] submitted on 19 Dec 2009
Authors: Elemér E Rosinger
Comments: 61 pages.
Several recent essays are presented on the difficulties scientific research and science researchers have by now been facing for a number of decades due to what goes by the name of "science management".
[2] viXra:0912.0042 [pdf] submitted on 19 Dec 2009
Authors: Elemér E Rosinger
Comments: 13 pages.
Two vastly different historical stages in wealth creation are the traditional one based on agriculture during past millennia, and the one based on science research in our present globalizing knowledge society. The differences happen to be so considerable, and the emergence of the second stage relatively so recent, that the awareness of the full range of consequences regarding the proper pursuit of science research, which is the root of wealth in our knowledge society, is missing to an extent that may, even in the medium term, seriously endanger the sustainability of modern human society.
[1] viXra:0912.0035 [pdf] submitted on 16 Dec 2009
Authors: V. Christianto
Comments: 8 Pages.
We love you all nations, but time is very limited. Be hurry, be hurry to repent and receive Me, Jesus Christ. Me will come again very very soon, and you should know that it is good not for your health to do not repent and do not receive Me, Jesus Christ. This paper describes a simple experiment in order to redefine utility term from the viewpoint of experimenter. We discuss how individual achievement can be broken down into a number of factors. We consider a number of factors which can be verified experimentally, and that's why this paper is original and new in nature. A discussion of implications of these factors for economics study is given.
[3] viXra:1008.0002 [pdf] replaced on 9 Aug 2010
Authors: V. Christianto
Comments: 24 Pages.
In the present article a number of critical economics situations are discussed based on clan capitalism as starting point. One can see clearly then, that instead of assuming 'ordinary economy' and clan/crony capitalism is an exception in particular nation because of certain socio-historical context, one should begin with the opposite assumption instead: that can capitalism can be found almost everywhere in this planet.
[2] viXra:1004.0017 [pdf] replaced on 19 Apr 2010
Authors: Sukanto Bhattacharya, Kuldeep Kumar, Florentin Smarandache
Comments: 9 pages.
This study actually draws from and builds on an earlier paper (Kumar and Bhattacharya, 2002). Here we have basically added a neutrosophic dimension to the problem of determining the conditional probability that a financial fraud has been actually committed, given that no Type I error occurred while rejecting the null hypothesis H0: The observed first-digit frequencies approximate a Benford distribution; and accepting the alternative hypothesis H1: The observed first-digit frequencies do not approximate a Benford distribution. We have also suggested a conceptual model to implement such a neutrosophic fraud detection system.
[1] viXra:0912.0042 [pdf] replaced on 20 Dec 2009
Authors: Elemér E Rosinger
Comments: 13 pages.
Two vastly different historical stages in wealth creation are the traditional one based on agriculture during past millennia, and the one based on science research in our present globalizing knowledge society. The differences happen to be so considerable, and the emergence of the second stage relatively so recent, that the awareness of the full range of consequences regarding the proper pursuit of science research, which is the root of wealth in our knowledge society, is missing to an extent that may, even in the medium term, seriously endanger the sustainability of modern human society.