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  • 1
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Mathematical finance 6 (1996), S. 0 
    ISSN: 1467-9965
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Mathematics , Economics
    Notes: In markets where dealers play a central role, bid-ask spreads inhibit asset valuation as defined by the formation cost of a replicating portfolio. We introduce a nonlinear valuation formula similar to the usual expectation with respect to the risk-adjusted probability measure. This formula expresses the asset's selling and buying prices set by dealers as the Choquet integrals of their random payoffs We investigate several price puzzles: the violation of the put-call parity and the fact that the components of a security can sell at a premium to the underlying security (primes and scores).
    Type of Medium: Electronic Resource
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  • 2
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    Dordrecht : Periodicals Archive Online (PAO)
    Theory and Decision. 31:2/3 (1991:Sept./Nov.) 175 
    ISSN: 0040-5833
    Topics: Sociology , Economics
    Notes: SPECIAL ISSUE ON THE FUR V CONFERENCE
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  • 3
    Electronic Resource
    Electronic Resource
    Springer
    Theory and decision 31 (1991), S. 175-197 
    ISSN: 1573-7187
    Keywords: preferences ; expected utility ; subjective probability ; Bayesian risk
    Source: Springer Online Journal Archives 1860-2000
    Topics: Sociology , Economics
    Notes: Abstract A rational statistical decision maker whose preferences satisfy Savage's axioms will minimize a Bayesian risk function: the expectation with respect to a revealed (or subjective) probability distribution of a loss (or negative utility) function over the consequences of the statistical decision problem. However, the nice expected utility form of the Bayesian risk criterion is nothing but a representation of special preferences. The subjective probability is defined together with the utility (or loss) function and it is not possible, in general, to use a given loss function - say a quadratic loss - and to elicit independently a subjective distribution. I construct the Bayesian risk criterion with a set of five axioms, each with a simple mathematical implication. This construction clearly shows that the subjective probability that is revealed by a decider's preferences is nothing but a (Radon) measure equivalent to a linear functional (the criterion). The functions on which the criterion operates are expected utilities in the von Neumann-Morgenstern sense. It then becomes clear that the subjective distribution cannot be eliciteda priori, independently of the utility function on consequences. However, if one considers a statistical decision problem by itself, losses, defined by a given loss function, become the consequences of the decisions. It can be imagined that experienced statisticians are used to dealing with different losses and are able to compare them (i.e. have ‘preferences’, or ‘fears’ over a set of possible losses). Using suitable axioms over these preferences, one can represent them by a (linear) criterion: this criterion is the expectation of losses with respect to a (revealed) distribution. It must be noted that such a distribution is a measure and need not be a probability distribution.
    Type of Medium: Electronic Resource
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  • 4
    Publication Date: 2012-12-01
    Description: We previously demonstrated that the histone deacetylase (HDAC) inhibitor, 4b, which preferentially targets HDAC1 and HDAC3, ameliorates Huntington's disease (HD)-related phenotypes in different HD model systems. In the current study, we investigated extensive behavioral and biological effects of 4b in N171-82Q transgenic mice and further explored potential molecular mechanisms of 4b action. We found that 4b significantly prevented body weight loss, improved several parameters of motor function and ameliorated Huntingtin (Htt)-elicited cognitive decline in N171-82Q transgenic mice. Pathways analysis of microarray data from the mouse brain revealed gene networks involving post-translational modification, including protein phosphorylation and ubiquitination pathways, associated with 4b drug treatment. Using real-time qPCR analysis, we validated differential regulation of several genes in these pathways by 4b, including Ube2K , Ubqln , Ube2e3 , Usp28 and Sumo2 , as well as several other related genes. Additionally, 4b elicited increases in the expression of genes encoding components of the inhibitor of kappaB kinase (IKK) complex. IKK activation has been linked to phosphorylation, acetylation and clearance of the Htt protein by the proteasome and the lysosome, and accordingly, we found elevated levels of phosphorylated endogenous wild-type (wt) Htt protein at serine 16 and threonine 3, and increased AcK9/pS13/pS16 immunoreactivity in cortical samples from 4b-treated mice. We further show that HDAC inhibitors prevent the formation of nuclear Htt aggregates in the brains of N171-82Q mice. Our findings suggest that one mechanism of 4b action is associated with the modulation of the ubiquitin–proteasomal and autophagy pathways, which could affect accumulation, stability and/or clearance of important disease-related proteins, such as Htt.
    Print ISSN: 0964-6906
    Electronic ISSN: 1460-2083
    Topics: Biology , Medicine
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  • 5
    Publication Date: 2015-10-23
    Electronic ISSN: 2193-1801
    Topics: Natural Sciences in General
    Published by Springer
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