Now showing items 1291-1300 of 1358
An Asymptotically Optimal Heuristic for General Non-Stationary Finite-Horizon Restless Multi-Armed Multi-Action Bandits
(2017-03)
We propose an asymptotically optimal heuristic, which we termed the Randomized Assignment Control (RAC) for restless multi-armed bandit problems with discrete-time and fi nite states. It is based on a linear programming ...
The Extreme Future Stock Returns following Extreme Earnings Surprises
(2004)
We investigate the stock returns subsequent to large quarterly earnings surprises, where the benchmark for an earnings surprise is the consensus analyst forecast. By defining the surprise relative to an analyst forecast ...
Why Do Investors React Negatively to Seasoned Equity Offerings?
(2006-08)
The average investor reaction is neutral to primary offerings by firms with managerial incentives closely tied to the shareholder value. Investors react negatively (1) when there are insufficient managerial ownership stakes ...