608 research outputs found
William E. Hoy, letter to Mr. Ralph Elliot Lin Weber, July 8, 1943, with envelope and newspaper articles
No full textThis letter was sent from William E. Hoy to Mr. Ralph Elliot Lin Weber and is dated July 8, 1943. The letter recounts information about the only baseball game where Hoy, a deaf athlete, was at-bat against Taylor, also a deaf athlete. Mentioned in the letter is a typewritten play by play of the same game, copied from the Enquirer of May 17, 1902. Also included is an envelope and newspaper articles. The envelope, from International League Information, is addressed to Ralph E Lin Weber and has handwritten lists of players of N.Y. and Cincinnati. The newspaper articles are from the Dayton Daily News and the Cincinnati Enquirer and feature pictures of William E. Hoy, the author of the letter
Detecting and Quantifying Crypto Wash Trading (Extended Abstract)
No full textWe introduce systematic tests exploiting robust statistical and behavioral patterns in trading to detect fake transactions on 29 cryptocurrency exchanges. Regulated exchanges feature patterns consistently observed in financial markets and nature; abnormal first-significant-digit distributions, size rounding, and transaction tail distributions on unregulated exchanges reveal rampant manipulations unlikely driven by strategy or exchange heterogeneity. We quantify the wash trading on each unregulated exchange, which averaged over 70% of the reported volume. We further document how these fabricated volumes (trillions of dollars annually) improve exchange ranking, temporarily distort prices, and relate to exchange characteristics (e.g., age and userbase), market conditions, and regulation
Correction to: There is an Evidence Crisis in Science Educational Policy (vol 34, pg 1157, 2022):There is an Evidence Crisis in Science Educational Policy
No full textThe article There is an Evidence Crisis in Science Educational Policy, written by Lin Zhang, Paul A. Kirschner, William W. Cobern, and John Sweller, was originally published Online First without Open Access. After publication in volume 34, issue 2, page 1157-1176 the author decided to opt for Open Choice and to make the article an Open Access publication.</p
Attention and Sensory Characteristics in Children With High-Functioning Autism and Sensory Processing Disorder
No full textAbstract
Date Presented 3/30/2017
Children with sensory processing disorder and high-functioning autism have different attention and sensory processing characteristics. These results can help therapists identify specific treatment strategies while working on attention and sensory processing skills with these children.
Primary Author and Speaker: Mei-Heng Lin
Additional Authors and Speakers: Jewel Mascarenhas, Patricia L. Davies
Contributing Authors: Emily Marshall, Blythe LaGasse, William J. Gavin</jats:p
ESSAYS ABOUT FIRM INVESTMENT, MACROECONOMICS AND BEHAVIORAL BIASES IN THE NON-FUNGIBLE TOKEN MARKET
No full text251 pagesThis thesis is comprised of three essays. The first two are about how firms make investment decisions and their consequences on macroeconomics. The last one is on the investors behavioral biases in the Non-Fungible Token market.The first essay is co-authored with Zebang Xu. We argue that accounting for capital heterogeneity is important for understanding the sources and costs of misallocation. We prove that, conditional on the same observables, further disaggregation of capital types will always lead to a higher measured cost of misallocation. Quantitatively, accounting for capital heterogeneity increases measured costs of misallocation by 7 p.p. (19%) in the U.S. and 6 p.p. (24%) in India. Across countries, structures are consistently more misallocated than equipment. We then estimate a dynamic model to disentangle sources of misallocation that can explain the additional measured misallocation and the efficiency differences between equipment and structures. Results indicate that adjustment costs and imperfect information cannot fully explain the additional misallocation or why structures are more misallocated. Heterogeneous financial constraints and tax policies may contribute to the higher misallocation of structures, while heterogeneous technology and measurement errors play only modest roles. The second essay explores how belief shocks affect firms’ investment decisions through different channels of their expectations. The literature has well documented the causal effect of belief shocks on firms’ behavior, but it is lessclear through which expectations these belief shocks exert their influence. I develop a stylized firm investment model to demonstrate the mechanism by which a belief shock affects investment through various types of expectations. Using constructed belief shocks and the Duke CFO Survey, I document the heterogeneous effects of belief shocks on different expectations. By linking firm expectations with fundamental datasets, I also measure the relative importance of these expectations in explaining firms’ investments and efficiency. Finally, I construct an overarching expectation index that captures the main content of firms’ different expectations using Principal Component Analysis. Estimating the causal effect of expectations on firms’ investment can yield significantly different results when using the index compared to a single expectation. The third essay, co-authored with Lin William Cong and Xiangchen Liu, studies anchoring effects and loss aversion in the Non-Fungible Token market using comprehensive user-auction data from CryptoPunks. Using the last period’s transaction price as the reference point, we separately measure anchoring effects and loss aversion for sellers and bidders. Our findings reveal that both sellers and bidders exhibit loss aversion, though the magnitude of loss aversion is significantly smaller for bidders. The analysis also confirms the presence of anchoring effects in both groups, with bidders displaying weaker effects than sellers, possibly due to signaling dynamics. Furthermore, we show that negotiations between sellers and bidders result in an intermediate level of loss aversion, falling between their individual measured levels. We also test whether experience influences loss aversion within both groups. For sellers, greater experience mitigates loss aversion, whereas for bidders, the results are mixed, with some evidence suggesting that experience may even increase their loss aversion in the NFT market.2027-06-1
China's economic reforms : pointers for other economies in transition?
No full textChina's two main economic problems before reform were low incentives to workers and the misallocation of resources among sectors. These problems were theresult of a development strategy oriented toward heavy industry. By improving material incentives, China's reforms created a flow of new resources and allowed them to be allocated to sectors suppressed under pre-reform strategies. The onset of reform in China was not allowed to disrupt production from existing resources. Instead, the newly created resources were permitted to accrue and to flow into the more productive, often light industrial sectors, thus stimulating continuous growth of the national economy during reform. Low incentives and the suppression of nonpriority sectors are common features of the legacy of economies in transition from central planning that based their development on the rapid growth of heavy industry. China's approach may be of interest to them. Among lessons China learned are that: (a) Autonomy must be granted to micromanagement units and preserved to improve the incentive structure and create a new flow of resources. (b) While maintaining essential minimum levels of production in the pre-reform priority sectors, autonomous enterprises must be permitted and encouraged to allocate new incremental resource flows to the previously suppressed sectors. (c) In parallel, the distorted policy environment and planned-allocation system must be progressively reformed to bring them into line with the new system of incentives and modus operandi of autonomous enterprises.Banks&Banking Reform,Municipal Financial Management,Water and Industry,Economic Theory&Research,Environmental Economics&Policies
Seeing beauty in a face: a framework for poetry translation & its criticism
No full textThe thesis aims to propose a framework for poetry translation and its criticism. It is demonstrated how criticism on poetry translation can discuss the source text and target text in a way that they may well be two pieces of prose and miss a very important point: their aesthetic value as poetry. The thesis goes on to investigate an important issue of poetry translation: what makes �·poetry poetry. For if poetry is to be translated into poetry and criticized as poetry, this will be a highly relevant issue. An investigation into both Chinese and Western traditions shows that the common ground shared is that poetry in a poem is something holistic and coming from those aesthetically effective contextual relations from the poem. Gestalt Theory is introduced as the backbone of the framework to embody how those contextual relations function and a new term for the poetry one reads in a poem is coined, poestalt-combining poem and gestalt. The framework then is applied to investigate three issues and its significance to the criticism of poetry translation: Firstly, how poestalt may emerge mid the condition for this to happen, i.e. aesthetic coherence. Secondly, the significance of the creative involvement of the reader/translators, which is an important element of poetry reading/translation. Thirdly, the nature of the contextual relation and poestalt, which is highly related to the former two.issues. With this framework, the thesis shows that the poestalt emerging from the source text is the relevant object of poetry translation and its comparison with the poestalt emerging from the target text is the object for the criticism of poetry translation
Apocalypticisim in the fiction of William S. Burroughs, J.G. Ballard, and Thomas Pynchon.
No full textApocalypse should not be thought of as merely a synonym for chaos or disaster or cataclysmic upheaval; more properly we should think of disclosure, unveiling and revelation. The exact status of literary apocalyptic is the subject of some debate, and in an attempt to help clarify matters an introductory historical survey examines both the formal characteristics of apocalypse and the various critical positions taken in regard to the genre's social influence. Texts considered in the chapter include the Revelation of John and Thomas Pynchon's short story Entropy (1959); theoretical works by Frank Kermode, John Barth, and Jean Baudrillard (amongst others) are also discussed. Chapter One traces the development of William S. Burroughs's apocalyptic sensibility through readings of his correspondence with Allen Ginsberg and the novel The Naked Lunch (1959); the latter's apocalyptic title referring to the "frozen moment when everyone sees what is on the end of every fork". Chapter Two considers Burroughs's experiments with the "cut-ups" and their application in a number of texts, most notably Nova Express (1964). Chapter Three is concerned with Burroughs's work in the 1970s and 80s, and specifically his concept of Here to Go, a theory of mutability presented as a transcendental antidote to the threat of nuclear annihilation (the author's alleged misogyny and the views of radical US feminists are also taken into account). Chapters Four and Five explore the apocalyptic fiction of J. G. Ballard; topics covered include Ballard's concept of inner space, his debt to Surrealism, and the coded landscapes of his more experimental texts; in particular the "condensed novels" which comprise The Atrocity Exhibition (1970). A concluding chapter returns to the work of Thomas Pynchon, offering a reading of Gravity's Rainbow (1973) which allows us to consider his treatment of such related themes as Paranoia, Holocaust, Apocalypse, and finally, Counterforce
The significance of the"Europe agreements"for Central European industrial exports
No full textIn 1991 and 1992, the European Union (EU) and the economies in transition of Central and Southern Europe - the CEE-5 (Bulgaria, the former Czechoslovakia, Hungary, Poland and Romania) - signed the European Association Agreements. The Agreements established a new framework for their mutual economic relationship, including the transition to a free trade regime for industrial products. The importance of the"Europe Agreements"has been underscored by the rapidly shifting trade patterns between the CEE-5 countries and OECD markets, and by the emergence of the EU as their major trading partner. The author examines the significance of the trade concessions granted by the EU to the CEE-5 countries (1) by analyzing the incidence of EU trade barriers on imports from the CEE-5 before and after implementation of the Agreements and (2) by identifying trade flows of groups of industrial products subject to different concessions.He focuses on trade liberalizing measures for industrial products for which a free trade regime should be in place no later than five years after the Agreements are in force. (Excluded are textiles and clothing, discussed in the Uruguay Round of Trade Negotiations.) Overall, the industrial product trade provisions of the Agreements, which affect about 80 percent of CEE-5 exports to the EU, significantly improve those countries'access to EU markets. In 1992, the first year they were in force in Hungary, Poland, and the former Czechoslovakia, the Agreements freed slightly less than 50 percent of total exports to the EU from import duties and nontariff barriers (NTB's). In terms of the 1992 composition of exports, this"free trade"share in total exports increases over five years to about 80 percent for the former Czechoslovakia, 60 percent for Hungary, and 70 percent for Poland. Although there are significant differences in the composition of exports from CEE-5 economies affected by EU trade liberalizing measures, these are the result of varying shares of sensitive (especially agricultural) products across countries, not dissimilar of concessions from the EU. The EU's negotiation approach, as revealed in the Agreements, was to minimize the adverse effects of opening up"sensitive"sectors: the time and the pace of transition tends to be longer and slower for groups of products with higher NTB-coverage ratios and higher average tariffs. Whether by design or not, the variation in products identified in various provisions assures a more equitable treatment of CEE-5 countries, judging from their industrial export patterns in 1990-92.Economic Theory&Research,Environmental Economics&Policies,Agribusiness&Markets,TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT,Trade Policy
A Model of Influencer Economy
No full textWe model an influencer economy in which brand owners and sellers depend on influencers to attract consumers while competing in both influencer and product markets. As technologies governing marketing outreach improve, the equilibrium features non-monotonicities in influencer market concentration, payoffs, and distributional inequality. Influencer heterogeneity and horizontal product differentiation are substitutes; small style differences complement vertical product differentiation while large differences substitute. Moreover, assortative matching between sellers and influencers occur under endogenous influence, with the maximum horizontal differentiation principle recovered in the limit of costless style selection. Meanwhile, the sellers’ bargaining power counteracts the influencers’ tendency to over-invest in influence power and they jointly determine the direction and magnitude of the sub-optimal acquisition. Finally, regulations for balanced seller-influencer matching can encourage seller competition under single dimensional seller-influencer heterogeneity. But uni-directional exclusivity contracts are welfare-improving for sufficiently differentiated products and uncongested influencers’ markets
- …
