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Articles 211 - 240 of 9281
Full-Text Articles in Social and Behavioral Sciences
Efficient Bilateral Trade With Interdependent Values: The Use Of Two-Stage Mechanisms, Takashi Kunimoto, Cuiling Zhang
Efficient Bilateral Trade With Interdependent Values: The Use Of Two-Stage Mechanisms, Takashi Kunimoto, Cuiling Zhang
Research Collection School Of Economics
Efficient, voluntary bilateral trades are generally not implementable in an interdependent values environment with two-sided asymmetric information. To obtain more positive results, we consider two-stage mechanisms in which (i) the outcome (e.g., allocation of the goods) is determined first; (ii) the agents partially learn the state via their own outcome-decision payoffs; and (iii) transfers are finally made. We propose the approximate shoot-the-liar (AS) mechanism and identify Assumption 1, under which “approximately” efficient, voluntary trades are implementable. We further illustrate the permissiveness of the assumption, and characterize it in terms of the nature of interdependence in valuation functions – delineating the …
New Asymptotics Applied To Functional Coefficient Regression And Climate Sensitivity Analysis, Qiying Wang, Peter C. B. Phillips, Ying Wang
New Asymptotics Applied To Functional Coefficient Regression And Climate Sensitivity Analysis, Qiying Wang, Peter C. B. Phillips, Ying Wang
Research Collection School Of Economics
A general asymptotic theory is established for sample cross moments of nonstationary time series, allowing for long-range dependence and local unit roots. The theory provides a substantial extension of earlier results on nonparametric regression that include near-cointegrated nonparametric regression as well as spurious nonparametric regression. Many new models are covered by the limit theory, among which are functional coefficient regressions in which both regressors and the functional covariate are nonstationary. Simulations show finite sample performance matching well with the asymptotic theory and having broad relevance to applications, while revealing how dual nonstationarity in regressors and covariates raises sensitivity to bandwidth …
Reflections On Judicial Supervision Of Prosecutorial Powers, Benjamin Joshua Ong
Reflections On Judicial Supervision Of Prosecutorial Powers, Benjamin Joshua Ong
Research Collection Yong Pung How School Of Law
The courts occasionally claim that the limits to the power to prosecute are different from the limits to other executive powers. They say that prosecutorial decisions are subject to judicial review on a reduced set of grounds compared to other executive decisions. I have previously argued that this approach is wrong, and aim to elaborate on the argument in this blog post. The focus will be on the laws of the UK and of Singapore, but it is hoped that the reflections here will be of some use in other common-law jurisdictions as well.
Counter-Urbanization In China: A Systematic Review Toward A Comprehensive Typology, Chengxue Yang, Qian Forrest Zhang
Counter-Urbanization In China: A Systematic Review Toward A Comprehensive Typology, Chengxue Yang, Qian Forrest Zhang
Research Collection School of Social Sciences
Drawing on a systematic review of both international and Chinese-language scholarship on counter-urbanization in China, this article proposes a comprehensive typology of counter-urbanization migrations—consisting of eight types of new migrants—based on the diverse motivations driving such migration. We build a bilingual corpus of 273 research papers published between the 1970s and 2025. Integrating bibliometric mapping and qualitative synthesis, we conduct a systematic review to trace the temporal evolution and thematic diversification of counter-urbanization research. The review reveals persistent conceptual ambiguity surrounding counter-urbanization in the Chinese context, which this study addresses by conceptually distinguishing counter-urbanization from suburban expansion, population decentralization, and …
Bridging Policy And Grassroots Action With Technology: A Framework For Civic Engagement In Environmental Sustainability, Mikhail Ola Adisa, Sonny Rosenthal, Shola Oyedeji, Ifeoma Adaji, Jari Porras
Bridging Policy And Grassroots Action With Technology: A Framework For Civic Engagement In Environmental Sustainability, Mikhail Ola Adisa, Sonny Rosenthal, Shola Oyedeji, Ifeoma Adaji, Jari Porras
Research Collection College of Integrative Studies
Grassroots and civic organizations are increasingly recognized as “middle actors” in sustainability, leveraging ICT-driven solutions to bridge top-down policies with bottom-up citizen engagement and behavioral change. This study examines how civic organizations in Finland and Singapore integrate digital tools to support sustainable waste management practices aligned with Sustainable Development Goals 11, 12, and 17. Guided by a Design Science Research (DSR) approach and drawing on Middle-Out and multi-level governance theories, we developed and validated the Integrated Sustainability Engagement Framework (ISEF) based on interviews with 21 civic organizations and iterative feedback. Findings highlight the central roles of policy translation, localized practices, …
The Affective Economy Of Toxic Atmospheres: Sensory Governance, Ecological Intelligences And The Performative Politics Of Urban Mosquito Management, Orlando Woods, Creighton Connolly
The Affective Economy Of Toxic Atmospheres: Sensory Governance, Ecological Intelligences And The Performative Politics Of Urban Mosquito Management, Orlando Woods, Creighton Connolly
Research Collection College of Integrative Studies
This paper considers how atmospheres can play a powerful role in troubling the management of nature in the multispecies city. It brings the cyclical nature of atmospheric effects, the affective values and il/logics that determine human responses to non-human threats, and the misguided and potentially deleterious health outcomes that ensue into one analytical frame. Drawing on the empirical case of urban mosquito management in Singapore, it considers how the creation of toxic atmospheres through fogging – blowing insecticides into the air in a bid to kill mosquitoes – is ineffective and sets in motion a cascading series of socio-environmental consequences. …
Beyond Resilience: The Case For Regenerative, Restorative Cities, Lily Kong
Beyond Resilience: The Case For Regenerative, Restorative Cities, Lily Kong
Research Collection School of Social Sciences
In a commentary, SMU President Professor Lily Kong mentioned that at the City Dialogues event, co-convened by SMU and Urban Innovation Vienna, participants agreed that cities must equip their residents to withstand shocks and thrive in an evolving urban environment. Prof Kong said resilient cities anticipate, adapt and respond effectively to disruptions, which involves attention not only to physical infrastructure, but also to social cohesion and institutional foresight. She said that embedding sustainability into urban design is fundamental to ensuring cities flourish in a world of climate uncertainty and resource constraints. She added that the value of urban resilience lies …
Asia’S Future Will Be Won By Soft Power, Not Force, Lily Kong
Asia’S Future Will Be Won By Soft Power, Not Force, Lily Kong
Research Collection School of Social Sciences
Lily Kong argues that while force remains essential to deter aggression and manage worst-case scenarios, military strength may prevent defeat, but it rarely produces legitimacy. When hard power dominates the strategic imagination, volatility rises and markets suffer. Soft power – the ability to influence countries through persuasion, attraction and legitimacy – has become a strategic asset, she writes. It shapes expectations, lowers baseline tensions, and creates off-ramps in moments of crisis, often determining whether tensions escalate, how long crises last, and how much economic damage they inflict. Prof Kong believes that in a nuclear-armed, economically interdependent Asia, the real test …
Dual Self-Construal Integration (Dsci) And Romantic Relationships In Singapore: Enhancing Romantic Relationship Satisfaction Through Creativity, Kenneth Tan, Chi-Ying Cheng, Gloria J. Lai, Daniel Ho
Dual Self-Construal Integration (Dsci) And Romantic Relationships In Singapore: Enhancing Romantic Relationship Satisfaction Through Creativity, Kenneth Tan, Chi-Ying Cheng, Gloria J. Lai, Daniel Ho
Research Collection School of Social Sciences
Research has shown that independent vs. interdependent self-construals are largely shaped by culture and can predict the endorsement of distinct relational schemes when dealing with close others. Intriguingly, individuals exposed to both Eastern and Western cultures can develop both independent and interdependent self-construals and possess the two seemingly conflicting self-construals simultaneously. What is less explored is how different management of both independent and interdependent self-construals influence individuals' navigation of relational schemas in their romantic relationships. The current research examines the influence of how one's dual self-construal integration (DSCI)—an individual difference measure that captures the degree to which individuals perceive independent …
The Powerful Teacher: A Power Hypothesis For The Benefits Of Learning-By-Teaching, Sarah Shi Hui Wong, Stephen Lim
The Powerful Teacher: A Power Hypothesis For The Benefits Of Learning-By-Teaching, Sarah Shi Hui Wong, Stephen Lim
Research Collection School of Social Sciences
Why does teaching others enhance one's learning? This study advanced a novel power hypothesis of learning-by-teaching: When assuming the role of a teacher, students experience a heightened sense of power in influencing others, which increases their own learning. University students (N = 242) studied a scientific text using one of three learning methods: notetaking, explaining, or teaching. The notetaking group prepared to be tested and wrote study notes about the topic; the explaining group prepared to explain and wrote an explanation about the topic as how they would write a textbook for their peers; the teaching group prepared to teach …
Derivation Of An Updated Brief Multivariable Prediction Model To Detect Panic-Related Anxiety In Emergency Department Patients With Cardiopulmonary Complaints, Sharon C. Sung, Felicia J. L. Ang, Arul Earnest, Leslie E. C. Lim, Shreshtha Jolly, Gilaine Rui Ng, A. John Rush, Marcus E. H. Ong
Derivation Of An Updated Brief Multivariable Prediction Model To Detect Panic-Related Anxiety In Emergency Department Patients With Cardiopulmonary Complaints, Sharon C. Sung, Felicia J. L. Ang, Arul Earnest, Leslie E. C. Lim, Shreshtha Jolly, Gilaine Rui Ng, A. John Rush, Marcus E. H. Ong
Research Collection School of Social Sciences
Background Patients with panic related-anxiety (i.e., panic attacks or panic disorder) frequently present to emergency departments (EDs) with cardiopulmonary complaints but are often undiagnosed, which can lead to recurrent visits and prolonged distress. This study aimed to derive a new symptom-based multivariable diagnostic prediction model to detect panic-related anxiety in ED patients with cardiopulmonary symptoms.Methods We conducted a single-blind prospective derivation study over 15 months in the ED of a major tertiary hospital in Singapore. Patients presenting with symptoms of palpitations, chest pain, dizziness, or difficulty breathing were assessed using the Structured Clinical Interview for DSM Disorders (SCID) to diagnose …
How Consistent Friendlike Conversation With Ai Companions Influences Our Attitudes And Perceptions Toward Ai: An Exploratory Experiment, Qi Hui Jerlyn Ho, Meilan Hu, Adalia Yin Hui Goh, Emma Jane Pragasam, Andree Hartanto
How Consistent Friendlike Conversation With Ai Companions Influences Our Attitudes And Perceptions Toward Ai: An Exploratory Experiment, Qi Hui Jerlyn Ho, Meilan Hu, Adalia Yin Hui Goh, Emma Jane Pragasam, Andree Hartanto
Research Collection School of Social Sciences
Despite skepticism and distrust in artificial intelligence (AI), it is increasingly integrated into daily life, with its potential benefits drawing interest. Yet little is known about the attitudinal and psychological effects of human–AI interactions, and whether consistent interactions with AI chatbots can change users’ attitudes and perceptions. Our within-subjects experiment (N = 52) investigated how five days of socially oriented, friendlike interactions with an AI chatbot, versus a journaling control, influenced changes in attitudes and perceptions of AI. Participants’ attitudes towards AI, trust, perceived empathy, anthropomorphism, animacy, likeability, perceived intelligence and safety, dependency, and exploratory well-being indicators were recorded. Results …
Examining The Effects Of Viewing Nature And Animal Smartphone Wallpapers On Affect, Behaviour, And Cognition: A Randomised Cross-Over Trial, Nadyanna M. Majeed, Nicole R. Y. Chen, Adalia Y. H. Goh, Meilan Hu, Kenneth J. J. Koh, Yuolmae H. G. Ang, Andree Hartanto
Examining The Effects Of Viewing Nature And Animal Smartphone Wallpapers On Affect, Behaviour, And Cognition: A Randomised Cross-Over Trial, Nadyanna M. Majeed, Nicole R. Y. Chen, Adalia Y. H. Goh, Meilan Hu, Kenneth J. J. Koh, Yuolmae H. G. Ang, Andree Hartanto
Research Collection School of Social Sciences
This study aims to investigate the effects of different smartphone lock screen wallpapers on weekly perceived well-being, procrastination, and productivity in young adults. Through a pre-registered within-subject experiment, 60 participants were exposed to three smartphone wallpaper conditions: nature, animal, and neutral (control). Each participant experienced each condition over three weeks, with the order of conditions counterbalanced. Using Frequentist and Bayesian analyses, we did not find any differences between conditions across the pre-registered confirmatory outcomes (i.e., life satisfaction, positive affect, negative affect, stress, productivity, and procrastination). Exploratory outcomes related to lock screen engagement, however, revealed some meaningful effects. Animal-themed smartphone wallpapers …
The Impacts Of Political Leaders’ Social Capital On Policy Success: The Case Of Local Food Systems, In Hae Noh, Beomgeun Cho, April M. Roggio, Luis F. Luna-Reyes
The Impacts Of Political Leaders’ Social Capital On Policy Success: The Case Of Local Food Systems, In Hae Noh, Beomgeun Cho, April M. Roggio, Luis F. Luna-Reyes
Research Collection School of Social Sciences
Network approaches to collaborative leadership suggest that local leaders’ success depends on activities that connect their organization to diverse stakeholders and resources. Drawing on the literature on managerial networking and a mixed-methods approach that includes 38 semi-structured interviews and a survey of 185 New York State municipal leaders, we explore the impact of leaders’ networking efforts on food access and security in their communities. We hypothesize that different forms of leaders’ social capital (bridging, bonding, and linking) has an impact on policy success. Our results suggest that only bridging social capital has an impact on food access. We conclude with …
A Panel Quantile Model Via Correlated Random Effects Approach For Testing Pecking Order Theory, Zongwu Cai, Meng Shi, Wuqing Wu, Yue Zhao
A Panel Quantile Model Via Correlated Random Effects Approach For Testing Pecking Order Theory, Zongwu Cai, Meng Shi, Wuqing Wu, Yue Zhao
Student Publications
This article investigates the relative importance of internal and external sources of funds in financing activities across different levels of investment activities by proposing a panel data quantile regression model with correlated random effects, accounting for heteroscedasticity in both firm-specific individuals and distribution of investment. A new estimation method, which takes the influence of disturbance into account, is proposed by using the integrated quasi-likelihood function for the conditional quantile model and Laplace approximation. The large sample theory for the proposed estimator and the corresponding asymptotic χ2 test are investigated. A Monte Carlo simulation is conducted to examine the finite …
Atomic Steps Toward Sustainable Learning With Open Educational Resources (Oer), Eng Ling Lynn Yeo
Atomic Steps Toward Sustainable Learning With Open Educational Resources (Oer), Eng Ling Lynn Yeo
Research Collection Library
Open Educational Resources (OER) are gaining momentum globally as one of the tools to equitable and sustainable education. In an academic landscape shaped by rapid digital change and budget constraints, libraries must adapt to support sustainable learning.
This lightning talk will share how SMU Libraries has taken atomic, strategic steps to introduce and encourage OER adoption, aligning collection strategies with institutional goals for sustainability. It will highlight initiatives such as faculty workshops, participation in a regional OER special interest group, and efforts to integrate OER discovery into existing library systems. It will also share examples of leveraging existing collection workflows …
Between ‘Technology Futures’: How Standards Are Transforming Digital Trade, Craig Atkinson
Between ‘Technology Futures’: How Standards Are Transforming Digital Trade, Craig Atkinson
Centre for Digital Law
Digital trade relies on technical standards. As information technologies advance, international digital standards make the technologies used in trade – or ‘tradetech’ – more interoperable, scalable, and secure.
A wide range of tradetech use cases depend on digital standards, including those for document formats, electronic signatures, digital identity, and cybersecurity. They also encompass system specifications for cross-border payments, electronic transferable records (ETRs), transportation/logistics, trade facilitation, and financial compliance.
Most digital standards are voluntary and are produced by international Standards Development Organisations (SDOs) alongside a growing number of industry-led consortia.
Leading The Change: Staff-Driven Ai Transformation In Smu Libraries’ Collection Team, Siew Khim Lim, Fion Goh
Leading The Change: Staff-Driven Ai Transformation In Smu Libraries’ Collection Team, Siew Khim Lim, Fion Goh
Research Collection Library
Why do libraries need to use AI? It is crucial for Libraries to stay relevant in this digital age by improving efficiency, access, and user experience. By adopting AI, libraries can better manage growing digital collections, provide innovative services, and ensuring they remain essential as hubs for knowledge and learning in an AIdriven world.
Connectivity And Selective Rural Migration, Lin Ma, Yuan Mei, Qunfeng Wu, Mingzhi Xu
Connectivity And Selective Rural Migration, Lin Ma, Yuan Mei, Qunfeng Wu, Mingzhi Xu
Research Collection School Of Economics
We study how infrastructure shapes rural development using household panel data from a nationally representative sample of Chinese villages, matched to high-resolution highway maps. Reduced-form results show that road expansion between 2000 and 2015 operates mainly through reallocation, with less productive farmers scaling down or exiting and more productive farmers remaining and expanding. We quantify the aggregate and distributional consequences in a dynamic spatial equilibrium model with heterogeneous households and endogenous migration. Improved connectivity not only accelerates urbanization, roughly doubling the speed of convergence, but also increases aggregate rural output by 2.2 to 5.3 percent in the long run, even …
Modelling Nature? The Digital Twinning And Untwinning Of Urban Farms, Prerona Das, Orlando Woods, Lily Kong
Modelling Nature? The Digital Twinning And Untwinning Of Urban Farms, Prerona Das, Orlando Woods, Lily Kong
Research Collection College of Integrative Studies
Data-driven solutions and innovations have been extended to various industries, including agriculture, to increase efficiency. With the emergence of smart farming and agriculture 4.0, advanced technologies such as IoT, big data, machine learning, and cloud computing are increasingly integrated into farming. Among these, technologies such as digital models, digital twins and the metaverse are now used to control various farming activities remotely based on real-time data. However agricultural ecosystems, involving uncertain nature-based factors and complex human-nature interactions cannot always be accurately represented or predicted by digital models. Digital models aim to reduce natural environments into controllable game-like situations and undermine …
Walking Through Green And Grey: Exploring Sequential Exposure And Multisensory Environmental Effects On Psychological Restoration, Sifan Cheng, Binyu Lei, Kunihiko Fujiwara, Clayton Miller, Filip Biljecki, Jeroen Van Ameijde
Walking Through Green And Grey: Exploring Sequential Exposure And Multisensory Environmental Effects On Psychological Restoration, Sifan Cheng, Binyu Lei, Kunihiko Fujiwara, Clayton Miller, Filip Biljecki, Jeroen Van Ameijde
Research Collection College of Integrative Studies
Urban environments are increasingly recognised for their potential to support psychological restoration, yet most studies assess green and grey spaces in isolation and rely on static, lab-based measures. This study introduces a multi-layered analytical framework that integrates experimental walking, momentary perception tracking, and machine learning to investigate how multisensory urban features shape restoration. Conducted on a university campus, the experiment exposed 20 participants to sequential grey–green–grey walking routes. Restoration was measured through pre/post psychometric surveys, heart rate variability (HRV), and minute-level micro-surveys during walking. Results reveal three key insights: (1) green exposure induces a short-term “inoculation effect”, with restorative benefits …
Smu Launches Resilient Workforces Institute To Strengthen Singapore’S Workforce In The Age Of Ai, Singapore Management University
Smu Launches Resilient Workforces Institute To Strengthen Singapore’S Workforce In The Age Of Ai, Singapore Management University
SMU Press Releases and News
Singapore Management University (SMU) announced the launch of the Resilient Workforces Institute (ResWORK), a new university-level research institute advancing workforce resilience and lifelong learning amid accelerating technological change. It is among the first institutes in Singapore and the region to jointly study adult-learning and the future of work through an integrated, interdisciplinary lens spanning economics, management, behavioural science and technology.
Multihoming And Single-Homing Complementors' Responses To Intensified Between-Platform Competition: Evidence From The Youtube–Twitch Rivalry, Niloofar Abolfathi
Multihoming And Single-Homing Complementors' Responses To Intensified Between-Platform Competition: Evidence From The Youtube–Twitch Rivalry, Niloofar Abolfathi
Research Collection Lee Kong Chian School Of Business
Research Summary: This paper examines how heterogeneous YouTube content creators-specifically, single-homing and multihoming channels-respond to a sudden increase in the exposure of the rival platform, Twitch. Contrary to expectations, I find that multihoming channels reduce their content creation efforts and underperform relative to single-homers. To make sense of these surprising results, I develop a formal model that characterizes the strategic behavior of different types of complementors operating across two platforms with varying levels of user exposure. The model offers a plausible explanation for the observed empirical patterns, suggesting that intensified competition between platforms, as a consequence of their changing exposure, …
The Charity Capacity Curse, Shirley (Lijun) Zhang, Thomas Allard, David Hardisty, Shane Wang
The Charity Capacity Curse, Shirley (Lijun) Zhang, Thomas Allard, David Hardisty, Shane Wang
Research Collection Lee Kong Chian School Of Business
Can displays of charity capacity cues paradoxically harm charities' fundraising efforts? Six pre-registered studies provide evidence of a charity capacity curse whereby donors penalize charities for displaying capacity cues, such as human resources capacity, organizational capacity, and financial capacity cues. This curse occurs because donors perceive higher-capacity charities as needing less help. As donors typically donate based on need, they donate less to charities with superior capacity signals. This effect is attenuated when: (1) higher-capacity charities' needs are made salient, and (2) donors reflect on how their decision impacts end-beneficiaries. This research contributes to the literature on effective altruism and …
Testing Mean Stability Of Heteroskedastic Time Series, Violetta Dalla, Liudas Giraitis, Peter C. B. Phillips
Testing Mean Stability Of Heteroskedastic Time Series, Violetta Dalla, Liudas Giraitis, Peter C. B. Phillips
Research Collection School Of Economics
Time series models are often fitted to the data without preliminary checks for stability of the mean and variance, conditions that may not hold in much economic and financial data, particularly over long periods. Ignoring such shifts may result in fitting models with spurious dynamics that lead to unsupported and controversial conclusions about time dependence, causality, and the effects of unanticipated shocks. In spite of what may seem as obvious differences between a time series of independent variates with changing variance and a stationary conditionally heteroskedastic (GARCH) process, such processes may be hard to distinguish in applied work using basic …
Shrinkflation And Consumer Demand, Aljoscha Janssen, Johannes Kasinger
Shrinkflation And Consumer Demand, Aljoscha Janssen, Johannes Kasinger
Research Collection School Of Economics
This study investigates shrinkflation—the practice of reducing product size while maintaining or slightly changing prices—in the U.S. retail grocery market. We analyze a decade of retail scanner data to assess the prevalence and patterns of product size changes across various product categories. Our findings show that approximately 1.92% of products have been downsized. When comparing total sales, product downsizing is more than five times as prevalent as upsizing. Product downsizing typically occurs without a corresponding decrease in price and is widespread across product categories. Consequently, consumers end up paying more per unit volume. We further find that consumers are more …
Childlessness And Health In Middle Age And Older Adulthood: Evidence From Singapore, Christine Ho, Dahye Kim, Rohan Ray, Bussarawan Teerawichitchainan
Childlessness And Health In Middle Age And Older Adulthood: Evidence From Singapore, Christine Ho, Dahye Kim, Rohan Ray, Bussarawan Teerawichitchainan
Research Collection School Of Economics
Health and well-being in mature adulthood are important concerns given the prevalence of individuals aging without children. We exploit two new instruments for childlessness— infertility and the number of childless siblings—and condition our analyses on a rich set of covariates including childhood health and financial status, to investigate the causal relationship between childlessness and health in middle age and older adulthood. Using a nationwide dataset of 1,500 Singaporeans aged 50 and above, we show that OLS underestimates the negativeeffects of childlessness on health. We find that childlessness leads to higher likelihood of poorer self-reported health and mental distress. The results …
Assessing Ethereum’S Diversification Role With Bitcoin And Major Equity Index – A Bayesian Mixture Copula Approach, Jackie Li, Jacie Jia Liu
Assessing Ethereum’S Diversification Role With Bitcoin And Major Equity Index – A Bayesian Mixture Copula Approach, Jackie Li, Jacie Jia Liu
Research Collection School Of Economics
With the introduction of spot Ethereum ETFs, Ethereum plays an increasingly important role in the cryptocurrency market. In this paper, we propose a Bayesian modelling framework incorporating a mixture copula for co-modelling Ethereum returns with Bitcoin or FTSE 100 returns. The mixture copula is designed as a combination of the Clayton copula and its three rotations, Frank, and Gaussian copulas. It provides substantial flexibility for handling a variety of dependency structures. The Bayesian approach offers the advantage of jointly estimating both the margins and copulas and simulating future returns in a coherent procedure. Using 10 different risk or risk-return measures, …
Uncovering Mild Drift In Asset Prices With Intraday High-Frequency Data, Shuping Shi, Peter C. B. Phillips
Uncovering Mild Drift In Asset Prices With Intraday High-Frequency Data, Shuping Shi, Peter C. B. Phillips
Research Collection School Of Economics
Asset prices are commonly represented as a drift-diffusion process, wherein the drift component denotes the anticipated return of the asset within some time frame, while the diffusion component accommodates random shocks. The drift component has substantial practical significance but accurate estimation is typically challenging and has met with limited success in the existing literature except over large time spans. This paper explores a comprehensive range of drift-diffusion models that include constant, linear, trending, and bursting drift. Conditions are identified under which realized squared drift is a reliable tool for gauging integrated squared drift when the time span Tn is large …
International Law, The Courts, And The Political Branches Of Singapore: Painting A Complete Picture, Benjamin Joshua Ong
International Law, The Courts, And The Political Branches Of Singapore: Painting A Complete Picture, Benjamin Joshua Ong
Research Collection Yong Pung How School Of Law
In line with Singapore's vision of the separation of powers, the courts' duty is primarily to give effect to domestic law; the political branches take the lead in engaging with international law. A study of Singapore's interface with international law would therefore be incomplete were it to consider only the courts' role and not the political branches' model of international law as primarily a guarantor of Singapore's sovereignty and standing as a participant on the international stage. The political branches have been circumspect in engaging with international law in other areas, such as human rights, preferring a specifically Singaporean vision …