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Order book microstructure and fair price estimation on betting exchanges
Smutný, Josef ; Fanta, Nicolas (advisor) ; Kukačka, Jiří (referee)
The aim of this paper is to predict the fair price as accurately as possible from the microstructure of the orderbook on Betfair, the world's largest betting exchange. In particular, the work focuses on the analysis of the effect of disproportionately large quotes on the fair price of the market. It also addresses their theoretical monetization in practice in the case of market inefficiency. The results show that, from the data examined, traded markets are relatively efficient and the factors that can be inferred from the microstructure of the orderbook are, in the vast majority of cases, not statistically significant for predicting the fair price of a given event. However, the data do show exceptions where, in particular types of markets, these quotes are statistically significant and have the expected impact on the model's prediction in the form of increasing the probability of the selection they want to trade. Thus, the model prediction can in some cases be used as a fair price indicator by which one could theoretically trade profitably on Betfair or even on other platforms, assuming they offered a better price. Keywords Betting exchange, Fair price, Quotes, Betting odds, Back, Lay, Spread Title Order book microstructure and fair price estimation on betting exchanges
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February 1948 in printed non-communist media
Pisková, Petra ; Bednařík, Petr (advisor) ; Cebe, Jan (referee)
This diploma thesis, February 1948 in printed non-communist media, analyses newscast and journalism of the four prominent journals since the 1st February till 14th March 1948. It has been Svobodné slovo, Právo lidu and Lidová demokracie which were the fundamental journals of the three governing parties, and Svobodné noviny which followed the tradition of Lidové noviny. Method of qualitative historical comparative analysis was used for the data processing. In the diploma thesis, the changes in information giving during the changing political situation and succession of communism are evaluated. The outcome of this thesis is the finding that Svobodné slovo, Právo lidu a Lidová demokracie often break the principles of objectivity. On the contrary, Svobodné noviny maintains the highest standard of journalism. All four daily newspapers initially inform negativelly on political actions of KSČ. However, the content of the newspapers changes fundamentally within several days. Since 26th of February onwards, all of them represent KSČ as a political party that lead the state out of crisis. In all the newspapers that have been under observation of this thesis the opinion turnover took place during just a few days. The legitimization of the new regime became a topic of great importance.
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To the Phraseology of Elementary School Pupils
HAMPERGROVÁ, Zuzana
Topic of this diploma thesis is The Issue of Idioms at Upper Primary Schools. Phraseology is the integral part of daily communication that is why I decided to explore how pupils understand it. The theoretical part is based on publications of our leading linguists. The practical part studies not only the knowledge of idioms but also whether pupils understand it and if they are able to use them in sentences. The questionnaire consists of idioms, which have emerged as the examples in theoretical parts but also with the help of dictionaries of Czech phraseology and idioms.
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Ethics on the Internet (Etiquette)
Malá, Kateřina ; Sigmund, Tomáš (advisor) ; Vaněk, Jiří (referee)
This thesis addresses the issue of ethics on the Internet. The first part focuses on a brief history of the development of ethics and ethical principles used even today. The second part is devoted to information ethics, which is an integral part of the Internet, since it deals with the creation, dissemination, transformation, storage, search, use and organization of information, and also deals with specific standards, codes and principles that were created either specifically for the Internet or are now an integral part. The third part is devoted to valid Czech and European legislation in the field of information work in various media, including on the Internet. The final section is devoted to the evaluation of the current situation of ethics on the Internet, where they described the problems with which we meet today. Such problems are violations of copyright law, whether piracy or plagiarism, threats associated with Internet communications, kyberstalking, cyberbullying, kybergrooming or activity on social networks. In addition, problem situations are mentioned online trading, which are currently controlled by many associations, consumer protection or influence of the media and advertisements, and incessant problem of censorship. The final part is also added to the survey, which was created speficically for this work and proposal of possible solutions to improve the current situation.
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The position of the International Monetary Fund in the international monetary system
Lahodná, Veronika ; Marková, Jana (advisor)
This bachelor thesis focuses on the position of the International Monetary Fund in the international monetary system. The first part concentrates on the basic characteristics. It gradually deals with the question of foundation, membership and organizational structure. The second part analyses the financial resources of the IMF. The attention is paid to the means the Fund gets and provides the financial resources. The final part is devoted to the actual reform of the IMF which is divided into 3 areas: financing, governance and surveillance.
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