Leping Wang

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With growing cost of electricity, the power management of server clusters has become an important problem. However, most previous researchers only address the challenge in homogeneous environments. Considering the increasing popularity of heterogeneous systems, this paper proposes an efficient algorithm for power management of heterogeneous soft real-time(More)
We examine how the evidence of the time-varying volatility in stock returns affects optimal dynamic portfolio choice of investors with long horizons. As return volatility shows a relatively small correlation with realized return, its time-variation is expected to cause little, if any, hedging demand (in the sense of Merton (1973)). However, we find that,(More)
In this paper, we study the information propagation in an empirical blogging network by game-theoretical approach. The blogging network has small-world property and is scale-free. Individuals in the blogosphere coordinate their decisions according to their idiosyncratic preferences and the choices of their neighbors. We find that corresponding to different(More)
We study the evolutionary Prisoner's Dilemma game on scale-free networks for different initial distributions. We consider three types of initial distributions for cooperators and defectors: initially random distribution with different frequencies of defectors; intentional organization with defectors initially occupying the most connected nodes with(More)
This paper examines the asymmetric response of equity volatility to return shocks. We generalize the news impact function (NIF), originally introduced by Engle and Ng (1993) to study asymmetric volatility under the ARCH-type models, to be applicable to both stochastic volatility (SV) and ARCH-type models. Based on the generalized concept, we provide a(More)
The existing empirical literature fails to agree on the nature of the intertemporal relation between expected return and volatility. The contrary results of either a positive or a negative risk-return relation mainly arise from different ways of empirically modeling the return dynamics in the absence of any theoretical guidance. This paper contributes to(More)
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