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On The Use of Ordinary Least Squares Regression With Paired Comparisons and Rank Order Data
In this paper we compare selected metric and nonmetric procedures for estimating the weights of a linear model linking predictor variables with a criterion variable. Synthetic rank order data are generated to determine conditions under which one…
Prices of State-Contingent Claims Implicit in Option Prices
This paper implements the time-state preference model in a multi-period economy, deriving the prices of primitive securities from the prices of call options on aggregate consumption. These prices permit an equilibrium valuation of assets with…
Properties of Judgment Models in a Financial Setting
The purpose of this study is to extend judgment research by investigating properties of information processing models utilized in a financial judgment situation. Forty-seven graduate business school students estimated percentage changes in the…
Public and Nonprofit Marketing Comes of Age
Abstract not available.
Reducibility of Principal Series Representations of p-Adic Chevalley Groups
A Representation Theorem for “Preference for Flexibility”
This paper concerns individual choice among “opportunity sets”, sets from which the individual. will later choose a single object. In particular, it concerns preference relations on opportunity sets which satisfy “preference for flexibility”, a…
Security Codings: Measuring Relative Attractiveness in Perfect and Imperfect Measures
Abstract not available.
Sequential Decision Problems with Expected Utility Criteria. III: Upper and Lower Transience
Short-Term Forecasting and Seasonal Adjustment
This paper explores the stochastic properties and prediction performance of several economic time series both before and after adjustment by the U.S. Bureau of the Census XII seasonal adjustment program. The results suggest that within the class…
Some Relative Efficiency and Comparative Institutional Properties of Markets and Hierarchies
Abstract not available.
Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations
Temporal Resolution of Uncertainty and Dynamic Choice Theory
We consider dynamic choice behavior under conditions of uncertainty, with emphasis on the timing of the resolution of uncertainty. Choice behavior in which an individual distinguishes between lotteries based on the times at which their…
Temporal von Neumann-Morgenstern and Induced Preferences
Induced preference in dynamic contexts, such as preference for uncertain income streams induced from preference for consumption streams, typically does not have an expected utility representation. Earlier resolution of uncertainty is preferred…
The Association Between Unsystematic Security Returns and the Magnitude of Earnings Forecast Errors
Abstract not available.
The California School Finance Simulation: A Case Study of Effective Implementation
Abstract not available.
The Cost-Effectiveness of Health Care Regionalization
Abstract not available.
The Economics of Payoffs in Foreign and Other Commerce
Abstract not available.
The Effect of Locus of Control Orientation on Ability to Delay Gratification: When It Is Better to Be an External
An experiment was conducted to investigate the relationship between the locus of control orientation of fourth-grade children and delay frustration experienced in self-imposed and externally imposed delay situations. Time estimation was used as…
The Effect of Personal Taxes and Dividends on Capital Asset Prices: Theory and Empirical Evidence
Abstract not available.