Roberto M. Sales

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In this paper empirical tests for the analysis of overreaction and underreaction hypothesis in the American stock market are presented. For these tests a new methodology based on the fuzzy clustering means algorithm is proposed. Such methodology is strongly connected with two heuristics of behavioral finance: representativeness and anchoring. The proposed(More)
Electromagnetic suspension systems are inherently nonlinear and, when digitally controlled, frequently face hardware limitations. The main contributions of this paper are: the design of a nonlinear H∞ controller, including dynamic weighting functions for such a system and the presentation of a practical procedure to implement this controller on a(More)
Set-up generation is an important aspect in the operation of tandem cold mills. It defines speeds and powers for the drives, stand reductions, roll forces and interstand tensions for the tandem cold mill control system. Set-up optimization should lead to improved thickness regularity, surface finish and shape performance of the strip. The importance of such(More)
In this paper empirical tests for the overreaction and underreaction hypothesis in the Brazilian stock market are presented. For these tests, due to the complexity of these phenomena, a new model based on the fuzzy set theory is proposed. It is shown that such model is strongly connected with two heuristics of behavioral finance: representativeness and(More)
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