infonet-economy

This paper provides an overview of the Retrieving Diverse Social Images task that is organized as part of the MediaEval 2015 Benchmarking Initiative for Multimedia Evaluation. The task addresses the problem of result diversification and user annotation credibility estimation in the context of social photo retrieval. We present the task challenges, the proposed data set and ground…

The purpose of this contribution is to elaborate an integrative framework for model-based management, drawing on the concepts of cybernetics. This conceptual frame should enhance managers' understanding of structures that give rise to patterns of system behavior, helping them to design more effective policies and improve their practice in general. We ?esh out the commonalities…

In order to promote risky behavior, it is a common practice that casinos incentivize their customers through the provision of free financial means, i.e., free play. Thereby, casino operators try to exploit what is known as the house money effect. However, evidence from the field is scarce and prior research provides explanations that predict different behavioral outcomes. This…

Educational choices made by 15 year olds represent a high stake moment in the Swiss highly differentiated tracked school system. This thesis thus proposes an empirical analysis of upper secondary school transitions under four different angles using exhaustive registry data for a single Swiss Canton, Geneva. Chapter 3 assesses how transition opportunities are affected (and constrained…

Institutional investors such as pension funds or insurance companies commonly invest in the unsecuritized and securitized real estate market. We investigate how institutional investor sentiment in the commercial real estate market affects institutional trading behavior in the REIT market and subsequently asset pricing. In particular, we test two alternative theories - flight to…

This paper provides evidence on how the new international regulation on Global Systemically Important Banks (G-SIBs) impacts the market value of large banks. We analyze the stock price reactions for the 300 largest banks from 52 countries across 12 relevant regulatory announcement and designation events. We observe that the new regulation negatively affects the value of the newly…