DEWEY'S CRITIQUE OF MARXISM

This paper examines the development of John Dewey's critique of Marxism. We trace the development of Dewey's critique from his early political writings and his political encounter with Leon Trotsky to his mature critique. We also examine how Dewey's concerns anticipate ideas expressed in the contemporary discussion of Marxian morality and how this discussion helps clarify Dewey's concerns.     

Bayesian robustness in bidimensional models: Prior independence

When θ is a multidimensional parameter, the issue of prior dependence or independence of coordinates is a serious concern. This is especially true in robust Bayesian analysis; Lavine et al. (J. Amer. Statist. Assoc.86, 964–971 (1991)) show that allowing a wide range of prior dependencies among coordinates can result in near vacuous conclusions. It is sometimes possible, however, to make confidently the judgement that the coordinates of θ are independent a priori and, when this can be done, robust Bayesian conclusions improve dramatically. In this paper, it is shown how to incorporate the independence assumption into robust Bayesian analysis involving -contamination and density band classes of priors. Attention is restricted to the case θ = (θ₁, θ₂) for clarity, although the ideas generalize.     

Percentiles of sums of heavy-tailed random variables: beyond the single-loss approximation

A perturbative approach is used to derive approximations of arbitrary order to estimate high percentiles of sums of positive independent random variables that exhibit heavy tails. Closed-form expressions for the successive approximations are obtained both when the number of terms in the sum is deterministic and when it is random. The zeroth order approximation is the percentile of the maximum term in the sum. Higher orders in the perturbative series involve the right-truncated moments of the individual random variables that appear in the sum. These censored moments are always finite. As a result, and in contrast to previous approximations proposed in the literature, the perturbative series has the same form regardless of whether these random variables have a finite mean or not. For high percentiles, and specially for heavier tails, the quality of the estimate improves as more terms are included in the series, up to a certain order. Beyond that order the convergence of the series deteriorates. Nevertheless, the approximations obtained by truncating the perturbative series at intermediate orders are remarkably accurate for a variety of distributions in a wide range of parameters.     

Interest-Rate Arbitrage in Currency Baskets: Forecasting Weights and Measuring Risk

This article addresses the problem of the bias of income and expenditure elasticities estimated on pseudopanel data caused by measurement error and unobserved heterogeneity. We gauge these biases empirically by comparing cross-sectional, pseudo-panel, and true panel data from both Polish and U.S. expenditure surveys. Our results suggest that unobserved heterogeneity imparts a downward bias to cross-section estimates of income elasticities of at-home food expenditures and an upward bias to estimates of income elasticities of away-from-home food expenditures. “Within” and first-difference estimators suffer less bias, but only if the effects of measurement error are accounted for with instrumental variables.     

Why does organizational identification relate to reduced employee burnout? The mediating influence of social support and collective efficacy

Although prior studies have consistently shown that organizational identification can reduce employees' stress and burnout, little is known about the mediating processes that underlie this relationship. Against this backdrop and building on recent theoretical work on the social identity model of stress, the present research tests a two-step mediation model for the organizational identification–burnout link. Specifically, it is hypothesized that employees who strongly identify with their organization are particularly likely to receive social support from their colleagues. This, in turn, should promote a sense of collective efficacy and, as a consequence, negatively relate to burnout. Data from a study with 192 Italian high schoolteachers supported the hypotheses.     

Micro-mobilization into Armed Groups: Ideological, Instrumental and Solidaristic Paths

Based on biographical materials of armed militants of the Provisional Irish Republican Army and Red Brigades, this article analyses variation within the micromobilization that leads to armed groups. Three general paths are singled out: the ideological path, the instrumental path and the solidaristic path. Each of these is characterized by complex interactions between the individual motivations for involvement (micro-level), the networks that facilitate the recruitment process (meso-level), and the effects of repression on individuals (macro-level). We discuss the discoveries we have made and conclude by describing the advantages of our approach.