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Author

Fathimah Al-Ma'shumah

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Open access Sep 2026

A Student-t Copula Economic Scenario Generator for Emerging-Market Liability-Driven Investment: Density Forecasting, Tail Dependence, and Indonesian Evidence

Pension funds and insurers in emerging markets size long-horizon capital with economic scenario generators (ESGs)—econometrically, simulators of a multivariate predictive density. The production benchmark draws its innovations by Gaussian Cholesky factorization, forcing thin marginal tails and zero joint tail dependenc...

Fathimah Al-Ma'shumah, N. Sumarti · 0 citations
Open access Aug 2026

Exploration Is a State, Not a Setting: A Markov-Switching Reinforcement-Learning Model of Strategy Transitions in Sequential Choice

It is concluded that exploration is better described as a dynamic state than as a fixed trait, and that modeling it as a switching process is both more accurate and useful.

Fathimah Al-Ma'shumah, Feneta Fidi Kirani, Nita Ratnawaty · 0 citations

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