2,395 research outputs found
Albert Einstein with his son-in-law Rudolf Kayser in Saranac Lake, NY.
No full textDigital ImageDigital ImageRudolf Kayser was a German literary historian and author. He was married to Albert Einstein's stepdaughter, Ilse Lowenthal Einstein, until her death in 1934. In 1935, he emigrated to the United States, teaching German and European literature at Brandeis University.Record added to DigiTool. Aleph record suppressed. J. Palmisano 09/15/2010
Article entitled "Emmett J. Scott, Author and Business Man, Dies"
No full textNewspaper article entitled "Emmett J. Scott, Author and Business Man, Dies." Mr. Scott died on Dec. 12, 1957
Leon Watters and Albert Einstein
No full textLeon Watters: With his colleague, Albert Einstein. Watters was a Utah-born scientist, industrialist, and author
Ernst J. Ingram
No full textPhotograph - A portrait of Ernst J. Ingram, President of the Trail North Foundation, Athabasca, Albert
Price pressures
No full textWe study price pressures in stock prices—price deviations from fundamental value due to a risk-averse intermediary supplying liquidity to asynchronously arriving investors. Empirically, twelve years of daily New York Stock Exchange intermediary data reveal economically large price pressures. A $100,000 inventory shock causes an average price pressure of 0.28% with a half-life of 0.92 days. Price pressure causes average transitory volatility in daily stock returns of 0.49%. Price pressure effects are substantially larger with longer durations in smaller stocks. Theoretically, in a simple dynamic inventory model the ‘representative’ intermediary uses price pressure to control risk through inventory mean reversion. She trades off the revenue loss due to price pressure against the price risk associated with remaining in a nonzero inventory state. The model’s closed-form solution identifies the intermediary’s relative risk aversion and the distribution of investors’ private values for trading from the observed time series patterns. These allow us to estimate the social costs—deviations from constrained Pareto efficiency—due to price pressure which average 0.35 basis points of the value traded. JEL Classification: G12, G14, D53, D6
Patrick J. McKenna
No full textPhotograph - A portrait of Patrick J. McKenna, Director of Public Relations for the Trail North Foundation, Athabasca, Albert
Memo from Captain Albert H. Moffitt, Jr., by order of Colonel Bendetsen to staff of the Wartime Civil Control Administration, May 3, 1942
No full textMemo from Albert H. Moffitt by order of Karl R. Bendetsen to staff of the Wartime Civil Control Administration, announcing the arrival of Major Lloyd F. Harris to serve as Liaison Officer for the Northern California Sector, replacing Lieutenant Colonel L. E. Rolfo.Consists of various materials collected and maintained by William J. Mountin, gathered in the course of his work in the Statistical Branch of the Wartime Civilian Control Administration (WCCA). Includes War Relocation Authority (WRA) and WCCA correspondence and memos concerning the administration of the office in San Francisco; copies of statistical reports and bulletins, including those compiled by the U.S. Census Bureau; sample forms, reports, maps, bulletins, and Civilian Exclusion Orders and Instruction broadsides; ephemeral publications of various official organizations concerned with the administration of the U.S. Army Western Defense Command office, including directories and organizational charts; and clippings
Limit order books and trade informativeness
No full textIn the microstructure literature, information asymmetry is an important determinant of market liquidity. The classic setting is that uninformed dedicated liquidity suppliers charge price concessions when incoming market orders are likely to be informationally motivated. In limit order book markets, however, this relationship is less clear, as market participants can switch roles, and freely choose to immediately demand or patiently supply liquidity by submitting either market or limit orders. We study the importance of information asymmetry in limit order books based on a recent sample of thirty German DAX stocks. We find that Hasbrouck’s (1991) measure of trade informativeness Granger-causes book liquidity, in particular that required to fill large market orders. Picking-off risk due to public news induced volatility is more important for top-of-the book liquidity supply. In our multivariate analysis we control for volatility, trading volume, trading intensity and order imbalance to isolate the effect of trade informativeness on book liquidity. JEL Classification: G14 Keywords: Price Impact of Trades , Trading Intensity , Dynamic Duration Models, Spread Decomposition Models , Adverse Selection Ris
Memo from Captain Albert H. Moffitt, Jr., by order of Colonel Bendetsen to staff of the Wartime Civil Control Administration, May 1, 1942
No full textMemo from Albert H. Moffitt by order of Karl R. Bendetsen to staff of the Wartime Civil Control Administration, containing an assignment of personnel to duty within the Evacuation Operations Division.Consists of various materials collected and maintained by William J. Mountin, gathered in the course of his work in the Statistical Branch of the Wartime Civilian Control Administration (WCCA). Includes War Relocation Authority (WRA) and WCCA correspondence and memos concerning the administration of the office in San Francisco; copies of statistical reports and bulletins, including those compiled by the U.S. Census Bureau; sample forms, reports, maps, bulletins, and Civilian Exclusion Orders and Instruction broadsides; ephemeral publications of various official organizations concerned with the administration of the U.S. Army Western Defense Command office, including directories and organizational charts; and clippings
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