• Publications
  • Influence
Bulls, bears and market sheep
Abstract A deterministic excess demand model of stock market behavior is presented that generates stochastically fluctuating prices and randomly switching bear and bull markets.
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On the incentive for price‐taking behavior
Price‐taking has long been mistakenly regarded as an inferior firm behavior in an imperfectly competitive market. This scenario is challenged when a “Naiver’s Paradox” is shown to exist in anExpand
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An intelligent semantic e-learning framework using context-aware Semantic Web technologies
This paper presents a novel context-aware semantic e-learning approach to integrate content provision, learning process and learner personality in an integrated semantic elearning framework. Expand
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  • PDF
The long-run benefits of chaos to oligopolistic firms
Conventional economic beliefs that 'equilibrium' is better than 'disequilibrium' and 'stability' is better than 'fluctuation' are challenged with a heterogeneous oligopolistic model that consists ofExpand
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The Effect of Government Expenditure on Private Consumption: Evidence from China
This paper employs the panel unit root tests and dynamic OLS (DOLS) estimator based on 29 provinces of China between 1996 and 2013 to estimate the relationship between government spending and privateExpand
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Technology Enhanced Learning: Best Practices
With the shift towards the knowledge society, the change of working conditions, and the high-speed evolution of information and communication technologies, peoples' knowledge and skills needExpand
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Reasoning about conventional time as a function of conventional time systems
  • W. Huang
  • Psychology, Medicine
  • Memory & cognition
  • 1 November 1999
This study investigated how reasoning about conventional time information varied as a function of conventional time systems by using the Chinese month and Jieqi systems. Twenty Chinese students wereExpand
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Regional Financial Markets With Common Currency
With the development of globalization and regional market integration, regional markets with common currency emerge. We develop a heterogeneous agents model based on the frameworks of Day and HuangExpand
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Behavioural Finance and Financial Economics with Heterogeneous Beliefs
The literature about the dynamics of prices in speculative markets, based on the interaction of boundedly rational heterogeneous agents has become well developed in recent decades. Hommes CH [1]Expand
Hong Kong: a bridge connecting mainland China and the international market
Chow et al. (2011) apply three time-varying parameter methods to investigate the relationship between the stock markets of Shanghai and New York and find that the mutual influence between the twoExpand