Results for 'Hongling Xiao'

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  1. Why de dicto desires are fetishistic.Xiao Zhang - 2021 - Ratio 34 (4):303-311.
    Ratio, Volume 34, Issue 4, Page 303-311, December 2021.
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  2. Rediscovering Republicanism in China: Beyond the Debate Between New Leftists and Liberals.Yang Xiao - 2003 - Contemporary Chinese Thought 34 (3):18-34.
    Lack of a historical sense is the hereditary defect of philosophers. … So what is needed from now on is historical philosophizing, and with it the virtue of modesty.
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  3. Exploring the recycled water acceptance based on the technological perspective of UTAUT2: a hybrid analytical approach.Xiao-Yu Xu, Yi-Bo Hu, Ya-Xuan Gao & Qing-Dan Jia - 2024 - Frontiers in Psychology 15:1384635.
    Introduction: The development of advanced sewage technologies empowers the industry to produce high-quality recycled water, which greatly influences human’s life and health. Thus, this study investigates the mechanism of individuals’ adoption of recycled water from the technology adoption perspective. -/- Methods: Employing the mixed method of structural equation modeling and artificial neural network analysis, we examined a research model developed from the extended Unified Theory of Acceptance and Use of Technology (UTAUT2) framework. To examine the research model, this study employs (...)
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  4. Pricing Financial Derivatives Subject to Multilateral Credit Risk and Collateralization.Tim Xiao - manuscript
    This article presents a new model for valuing financial contracts subject to credit risk and collateralization. Examples include the valuation of a credit default swap (CDS) contract that is affected by the trilateral credit risk of the buyer, seller and reference entity. We show that default dependency has a significant impact on asset pricing. In fact, correlated default risk is one of the most pervasive threats in financial markets. We also show that a fully collateralized CDS is not equivalent to (...)
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  5. The Valuation of Interest Rate Swap with Bilateral Counterparty Risk.Tim Xiao - manuscript
    This paper presents an analytical model for valuing interest rate swaps, subject to bilateral counterparty credit risk. The counterparty defaults are modeled by the reduced-form model as the first jump of a time-inhomogeneous Poisson process. All quantities modeled are market-observable. The closed-form solution gives us a better understanding of the impact of the credit asymmetry on swap value, credit value adjustment, swap rate and swap spread.
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  6. Virtue Ethics as Political Philosophy: The Structure of Ethical Theory in Early Chinese Philosophy.Yang Xiao - 2015 - In Lorraine L. Besser & Michael Slote (eds.), The Routledge Companion to Virtue Ethics. New York: Routledge. pp. 471-489.
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  7.  29
    Modeling Term Structure of Cross-Currency Interest Rates.Tim Xiao - manuscript
    This article proposes a term structure model for dual-currency interest rate markets. The model assumes that volatility is a deterministic function of time alone. This volatility structure can reduce the dimension of the required state variables. An important special case is presented, which corresponds essentially to a Vasicek/Hull-White yield curve model in each currency. The model is very useful for pricing cross-currency derivatives.
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  8. Bilateral Defaultable Financial Derivatives Pricing and Credit Valuation Adjustment.Tim Xiao - manuscript
    The one-side defaultable financial derivatives valuation problems have been studied extensively, but the valuation of bilateral derivatives with asymmetric credit qualities is still lacking convincing mechanism. This paper presents an analytical model for valuing derivatives subject to default by both counterparties. The default-free interest rates are modeled by the Market Models, while the default time is modeled by the reduced-form model as the first jump of a time-inhomogeneous Poisson process. All quantities modeled are market-observable. The closed-form solution gives us a (...)
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  9. An Accurate Solution for Credit Valuation Adjustment (CVA) and Wrong Way Risk.Tim Xiao - 2015 - Journal of Fixed Incom 25 (1):84-95.
    This paper presents a Least Square Monte Carlo approach for accurately calculating credit value adjustment (CVA). In contrast to previous studies, the model relies on the probability distribution of a default time/jump rather than the default time itself, as the default time is usually inaccessible. As such, the model can achieve a high order of accuracy with a relatively easy implementation. We find that the valuation of a defaultable derivative is normally determined via backward induction when their payoffs could be (...)
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  10. Moral Judgment and Motivation.Xiao Zhang - 2020 - Dissertation, University of Birmingham
    In this thesis, I explore motivational internalism and externalism, which concern the relationship between moral judgments and motivation. I first introduce the basic terms and different forms of internalism and externalism, including the externalist objections to internalism based on the famous counterexamples. I then argue against externalism by defending and developing Michael Smith’s fetishism argument. I not only respond to the externalist objections to the fetishism argument but also further argue against different externalist explanations of moral motivation that intend to (...)
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  11. Motivational Internalism and The Second-Order Desire Explanation.Xiao Zhang - 2021 - European Journal of Analytic Philosophy 17 (1):(D2)5-18.
    Both motivational internalism and externalism need to explain why sometimes moral judgments tend to motivate us. In this paper, I argue that Dreier’ second-order desire model cannot be a plausible externalist alternative to explain the connection between moral judgments and motivation. I explain that the relevant second-order desire is merely a constitutive requirement of rationality because that desire makes a set of desires more unified and coherent. As a rational agent with the relevant second-order desire is disposed towards coherence, she (...)
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  12. 孟子的性之伦理学中的几个关键概念 (Mencius's Nature-Ethics).Yang Xiao - 2018 - In Bulletin of the Zhejiang University Institute for Advanced Study. Zhejiang University Institute for Advanced Study. pp. 4 - 48.
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  13. A New Model for Pricing Collateralized Financial Derivatives.Tim Xiao - 2017 - Journal of Derivatives 24 (4):8-20.
    This paper presents a new model for pricing OTC derivatives subject to collateralization. It allows for collateral posting adhering to bankruptcy laws. As such, the model can back out the market price of a collateralized contract. This framework is very useful for valuing outstanding derivatives. Using a unique dataset, we find empirical evidence that credit risk alone is not overly important in determining credit-related spreads. Only accounting for both collateral arrangement and credit risk can sufficiently explain unsecured credit costs. This (...)
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  14. The Pragmatic Turn: Articulating Communicative Practice in the Analects.Yang Xiao - 2005 - Oriens Extremus 45 (6):235-54.
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  15. An efficient lattice algorithm for the libor market model.Tim Xiao - 2011 - Journal of Derivatives 19 (1):25-40.
    The LIBOR Market Model has become one of the most popular models for pricing interest rate products. It is commonly believed that Monte-Carlo simulation is the only viable method available for the LIBOR Market Model. In this article, however, we propose a lattice approach to price interest rate products within the LIBOR Market Model by introducing a shifted forward measure and several novel fast drift approximation methods. This model should achieve the best performance without losing much accuracy. Moreover, the calibration (...)
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  16. The Impact of Default Dependency and Collateralization on Asset Pricing and Credit Risk Modeling.Tim Xiao - manuscript
    This article presents a comprehensive framework for valuing financial instruments subject to credit risk. In particular, we focus on the impact of default dependence on asset pricing, as correlated default risk is one of the most pervasive threats in financial markets. We analyze how swap rates are affected by bilateral counterparty credit risk, and how CDS spreads depend on the trilateral credit risk of the buyer, seller, and reference entity in a contract. Moreover, we study the effect of collateralization on (...)
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  17. Guaranteed Equity-Linked Security Analytics.Tim Xiao - manuscript
    Equity-linked securities with a guaranteed return become popular in a volatile market environment. This paper presents a new model for valuing guaranteed equity-linked notes. We consider a security whose value depends on the performance of a basket of equities averaged over certain points in time, but that is floored by a guaranteed amount. We show that the security’s price is given by the sum of the guaranteed amount plus the price of an Asian style option on the basket above. The (...)
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  18. The Valuation of Financial Derivatives Subject to Counterparty Risk and Credit Value Adjustment.Tim Xiao - manuscript
    This article presents a generic model for pricing financial derivatives subject to counterparty credit risk. Both unilateral and bilateral types of credit risks are considered. Our study shows that credit risk should be modeled as American style options in most cases, which require a backward induction valuation. To correct a common mistake in the literature, we emphasize that the market value of a defaultable derivative is actually a risky value rather than a risk-free value. Credit value adjustment (CVA) is also (...)
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  19. An Economic Examination of Collateralization in Different Financial Markets.Tim Xiao - manuscript
    This paper attempts to assess the economic significance and implications of collateralization in different financial markets, which is essentially a matter of theoretical justification and empirical verification. We present a comprehensive theoretical framework that allows for collateralization adhering to bankruptcy laws. As such, the model can back out differences in asset prices due to collateralized counterparty risk. This framework is very useful for pricing outstanding defaultable financial contracts. By using a unique data set, we are able to achieve a clean (...)
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  20. Incremental Risk Charge Methodology.Tim Xiao - manuscript
    The incremental risk charge (IRC) is a new regulatory requirement from the Basel Committee in response to the recent financial crisis. Notably few models for IRC have been developed in the literature. This paper proposes a methodology consisting of two Monte Carlo simulations. The first Monte Carlo simulation simulates default, migration, and concentration in an integrated way. Combining with full re-valuation, the loss distribution at the first liquidity horizon for a subportfolio can be generated. The second Monte Carlo simulation is (...)
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  21. Is the Jump-Diffusion Model a Good Solution for Credit Risk Modeling? The Case of Convertible Bonds.Tim Xiao - 2015 - International Journal of Financial Markets and Derivatives 4 (1):1-25.
    This paper argues that the reduced-form jump diffusion model may not be appropriate for credit risk modeling. To correctly value hybrid defaultable financial instruments, e.g., convertible bonds, we present a new framework that relies on the probability distribution of a default jump rather than the default jump itself, as the default jump is usually inaccessible. As such, the model can back out the market prices of convertible bonds. A prevailing belief in the market is that convertible arbitrage is mainly due (...)
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  22. The Valuation of Credit Default Swap with Counterparty Risk and Collateralization.Tim Xiao - manuscript
    This article presents a new model for valuing a credit default swap (CDS) contract that is affected by multiple credit risks of the buyer, seller and reference entity. We show that default dependency has a significant impact on asset pricing. In fact, correlated default risk is one of the most pervasive threats in financial markets. We also show that a fully collateralized CDS is not equivalent to a risk-free one. In other words, full collateralization cannot eliminate counterparty risk completely in (...)
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  23. Pricing Commodity Derivatives Based on A Factor Model.Tim Xiao - manuscript
    This article presents a new methodology for pricing and hedging commodity derivatives. A generic model calibration is provided. The calibration procedure consists of an offline step where the mean reversion rates, the ratio of the long and short factor volatilities and the correlation between the long and short factors are determined via historical analysis. This offline step is performed relatively infrequently. There’s also an online step of the calibration which happens every time the model is used to price an option (...)
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  24. Cancellable Option Valuation.Tim Xiao - manuscript
    During the lifetime of a structured product, payment events and cancellation events mainly affect the value of the option. This article presents a model for pricing generic cancellable option. The model is used to build most common kinds of cancellation schedules and compute the cancellation probability.
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  25. Are Intrinsic Properties Independent of Accompaniment?Xiao Li - 2021 - Journal of Human Cognition 5 (1):20-37.
    A combinatorial analysis of intrinsicality takes intrinsic properties to be independent of accompaniment: a property is intrinsic only if it is possible for a lonely or an accompanied thing to have it or lack it (I). Cameron argues that the combinatorial analysis in Langton & Lewis (1998) faces an epistemic circularity, which makes (I) suspicious. In this paper, I examine two approaches to free the combinatorial analyses from the circularity and find them all fail. Then I provide an outline of (...)
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  26. A Simple and Precise Method for Pricing Convertible Bond with Credit Risk.Tim Xiao - 2013 - Journal of Derivatives and Hedge Funds 19 (4):259-277.
    This paper presents a new model for valuing hybrid defaultable financial instruments, such as, convertible bonds. In contrast to previous studies, the model relies on the probability distribution of a default jump rather than the default jump itself, as the default jump is usually inaccessible. As such, the model can back out the market prices of convertible bonds. A prevailing belief in the market is that convertible arbitrage is mainly due to convertible underpricing. Empirically, however, we do not find evidence (...)
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  27. “Somewhere I belong?” A study on transnational identity shifts caused by “double stigmatization” among Chinese international student returnees during COVID-19 through the lens of mindsponge mechanism.Ruining Jin & Xiao Wang - 2022 - Frontiers in Psychology 13:1018843.
    Chinese international students who studied in the United States received “double stigmatization” from American and Chinese authorities because of the “political othering” tactic during COVID-19. The research used a phenomenological approach to examine why and how specifically the transnational identity of Chinese international students in the United States shifted during the double stigmatization. The researcher conducted a total of three rounds of interviews with 15 Chinese international students who studied in the United States and returned to China between 2018 and (...)
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  28. Ethics and Leadership: Hobbesian Men, Gilliganian Women, and Confucian Asians.Chenyang Li & Hong Xiao - 2005 - East-West Connections 5:107-144.
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  29. China’s Meritocratic Examinations and the Ideal of Virtuous Talents.Chenyang Li & Hong Xiao - 2013 - In Daniel A. Bell & Chenyang Li (eds.), The East Asian Challenge for Democracy: Political Meritocracy in Comparative Perspective. Cambridge University Press. pp. 340-362.
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  30. Chinese Diaspora as People of Their Own Countries and Chinese Philosophy as World Philosophy.Chenyang Li & Hong Xiao - 2013 - Chinese Studies 漢学研究 2:63-84.
    In this essay, we will follow Tang Junyi’s lead in exploring issues related to Chinese diaspora and Chinese philosophy. While we largely endorse Tang’s call for overseas Chinese to establish themselves in their adopted lands, we will argue for a more nuanced view on the identity of Chinese people outside China: they are not marginalized individuals scattered out of “homeland” China, rather they are people legitimately established in their own respective countries. In this connection, we will also advance a view (...)
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  31. Characteristics of global retractions of schizophrenia-related publications: A bibliometric analysis.Pan Chen, Xiao-Hong Li, Zhaohui Su, Yi-Lang Tang, Yi Ma, Chee H. Ng & Yu-Tao Xiang - 2022 - Frontiers in Psychiatry 13:937330.
    Objectives: The growing rate of retraction of scientific publications has attracted much attention within the academic community, but there is little knowledge about the nature of such retractions in schizophrenia-related research. This study aimed to analyze the characteristics of retractions of schizophrenia-related publications.
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  32. BAGANI, 1892-1896: Mga Aral Mula kay Rizal Para sa Makabagong Panahon ng Lockdown.Michael Charleston “Xiao” B. Chua - 2022 - Kaningningan: An Interdisciplinary and Multidisciplinary Journal of New Era University for Philippine Studies 1 (1):166-181.
    Ang papel ay paglalagom ng itinuturing na pinakamahalagang yugto ng buhay ni José Rizal—ang kanyang pagkakatapon sa Dapitan, sa lente ng konseptong “bagani” ng ating mga ninuno. Sa pagbanggit sa lang nauna nang pag-aaral ukol kay Rizal, ipapakitang kung papaanong ang yugto sa Dapitan ay ang katuparan ng kanyang mga layunin sa La Liga Filipina, na kanyang isinabuhay kasama ang bayan. Sa lente ng kasalukuyang pandemyang COVID 19, makikita natin na tila naranasan din ni Rizal sa kanyang pagkakatapon ang ilang (...)
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  33. A Sustainability Improvement Strategy of Interconnected Data Centers Based on Dispatching Potential of Electric Vehicle Charging Stations.Xihao Wang, Xiaojun Wang, Yuqing Liu, Chun Xiao, Rongsheng Zhao, Ye Yang & Zhao Liu - 2022 - Sustainability 14 (11):6814.
    With the rapid development of information technology, the electricity consumption of Internet Data Centers (IDCs) increases drastically, resulting in considerable carbon emissions that need to be reduced urgently. In addition to the introduction of Renewable Energy Sources (RES), the joint use of the spatial migration capacity of IDC workload and the temporal flexibility of the demand of Electric Vehicle Charging Stations (EVCSs) provides an important means to change the carbon footprint of the IDC. In this paper, a sustainability improvement strategy (...)
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  34. On the Myth of Cosmogony in Ancient China.James Daryl Sellmann - 1995 - Analecta Husserliana 47:211.
    Following Xiao Gongchuan and F. Mote, this paper discussed the reasons why there is no myth of cosmogony in China. It was written before the tomb excavations that contain some cosmogony essays.
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  35. Recent Approaches to Confucian Filial Morality.Hagop Sarkissian - 2010 - Philosophy Compass 5 (9):725-734.
    A hallmark of Confucian morality is its emphasis on duties to family and kin as weighty features of moral life. The virtue of ‘filiality’ or ‘filial piety’ (xiao 孝), for example, is one of the most important in the Confucian canon. This aspect of Confucianism has been of renewed interest recently. On the one hand, some have claimed that, precisely because it acknowledges the importance of kin duties, Confucianism should be seen as an ethics rooted in human nature that (...)
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  36. How remonstration fails: filial piety and reprehensible parents.Hagop Sarkissian - 2023 - Journal of Confucian Philosophy and Culture 40:109-131.
    Critics of Confucianism have long been concerned with its emphasis on filial piety (xiao 孝). Among the many traditional strictures of this concept are demands that children serve their parents vigilantly, to do so with the proper outward respect and demeanor, and to yield to parental wishes when personal desires come into conflict with them. Critics have found this problematic as an orientation not only toward one’s parents but also to authority figures more generally. One common response to such (...)
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  37. Chaos as the Inchoate: The Early Chinese Aesthetic of Spontaneity.Brian Bruya - 2002 - In Grazia Marchianò (ed.), Aesthetics & Chaos: Investigating a Creative Complicity.
    Can we conceive of disorder in a positive sense? We organize our desks, we discipline our children, we govern our polities--all with the aim of reducing disorder, of temporarily reversing the entropy that inevitably asserts itself in our lives. Going all the way back to Hesiod, we see chaos as a cosmogonic state of utter confusion inevitably reigned in by laws of regularity, in a transition from fearful unpredictability to calm stability. In contrast to a similar early Chinese notion of (...)
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  38.  85
    Wittgenstein and the Analects on the Ethics of Clarification.Thomas D. Carroll - 2016 - Philosophy East and West 66 (4):1148-1167.
    At first glance, it might seem an odd pairing: the Analects and Wittgenstein. Comparison between a classical Chinese philosophical text, whose primary topics were the cultivation of xiao and he, and the corpus of an early to mid-twentieth-century Austrian philosopher, whose primary topics had to do with logic, language, and the nature of philosophy, does not obviously recommend itself. Yet, I contend in this article that there is much to be gained from careful comparison between these two very different (...)
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  39. Collected Papers (on Neutrosophic Theory and Applications), Volume VI.Florentin Smarandache - 2022 - Miami, FL, USA: Global Knowledge.
    This sixth volume of Collected Papers includes 74 papers comprising 974 pages on (theoretic and applied) neutrosophics, written between 2015-2021 by the author alone or in collaboration with the following 121 co-authors from 19 countries: Mohamed Abdel-Basset, Abdel Nasser H. Zaied, Abduallah Gamal, Amir Abdullah, Firoz Ahmad, Nadeem Ahmad, Ahmad Yusuf Adhami, Ahmed Aboelfetouh, Ahmed Mostafa Khalil, Shariful Alam, W. Alharbi, Ali Hassan, Mumtaz Ali, Amira S. Ashour, Asmaa Atef, Assia Bakali, Ayoub Bahnasse, A. A. Azzam, Willem K.M. Brauers, Bui (...)
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  40. Collected Papers (on various scientific topics), Volume XII.Florentin Smarandache - 2022 - Miami, FL, USA: Global Knowledge.
    This twelfth volume of Collected Papers includes 86 papers comprising 976 pages on Neutrosophics Theory and Applications, published between 2013-2021 in the international journal and book series “Neutrosophic Sets and Systems” by the author alone or in collaboration with the following 112 co-authors (alphabetically ordered) from 21 countries: Abdel Nasser H. Zaied, Muhammad Akram, Bobin Albert, S. A. Alblowi, S. Anitha, Guennoun Asmae, Assia Bakali, Ayman M. Manie, Abdul Sami Awan, Azeddine Elhassouny, Erick González-Caballero, D. Dafik, Mithun Datta, Arindam Dey, (...)
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