摘要:
Behavioral finance indicates that people are heterogeneous. In this paper, one method of options pricing with heterogeneous expectations is proposed. Heterogeneity of people is expressed by non-additive expectations with a random parameterAin one sort of non-additive measure. Then, these heterogeneous expectations are ag gregated by ordinary additive integral. Based on this, a new pricing method for European options is proposed. Through simulation, it turns out that there are more advantages in interpreting some puzzles than classical Black-Seholes model.
期刊:
2011 Fourth International Conference on Business Intelligence and Financial Engineering,2011年:220-223
作者机构:
Department of Information Management,Central China Normal University,Wuhan, 430079, China;School of Economics, Central China Normal University, Wuhan, 430079, China
会议名称:
2011 Fourth International Conference on Business Intelligence and Financial Engineering(第四届商务智能与金融工程国际会议 BIFE2011)
会议时间:
2011-10-17
会议地点:
武汉
会议论文集名称:
2011 Fourth International Conference on Business Intelligence and Financial Engineering(第四届商务智能与金融工程国际会议 BIFE2011)论文集
关键词:
ICT;e-Government;UTAUT;adoption
摘要:
Information Communication Technology (ICT) has been largely implemented in government organizations, and electronic government (e-Government) has become popular. However, prior research mainly focuses on e-Government adoption from the perspective of citizens, and little research has been conducted from the government employee perspectives. The current research attempted to explore the motivators for the government employees to use e-Government. We conducted an empirical survey in three government organizations in China. Our theoretical model is based on the Unified Theory of Acceptance and Use of Technology (UTAUT). Structural equation modeling was used in the current study to test the research model. The result reveals that performance expectancy influences employees' behavioral intention, which finally affects user behavior. Moreover, facilitating conditions affect the use of ICT in government organizations.