An argument is made that, so far from being a disease which is unstoppable in its epidemic consequences, AIDS has produced an epidemic, which owes its present virulence to sociological configurations of rather recent existence. Instead of a vigorous attack on the transmission chain of the epidemic, the emphasis of public health policy has been on ...

Over the past half-century, the empirical finance community has produced vast literature on the advantages of the equally weighted Standard and Poor (S&P 500) portfolio as well as the often overlooked disadvantages of the market capitalization weighted S&P 500’s portfolio (see Bloomfield et al. in J Financ Econ 5:201–218, 1977; DeMiguel et al. in Rev ...

Since the time of Poisson, stochastic processes have been axiomatized in the temporally forward direction. Yet for nearly a century, estimation of parameters and even forecasts have been based on likelihood approaches that start with temporally indexed data and then look backward in time. I shall be using the philosophy of Karl Pearson [Scott DW, ...