Affine LIBOR models driven by real-valued affine processes

The class of affine LIBOR models is appealing since it satisfies three central requirements of interest rate modeling. It is arbitrage-free, interest rates are nonnegative, and caplet and swaption prices can be calculated analytically. In order to guarantee nonnegative interest rates affine LIBOR models are driven by nonnegative affine processes, a restriction that makes it hard to produce volatility smiles. We modify the affine LIBOR models in such a way that real-valued affine processes can be used without destroying the nonnegativity of interest rates. Numerical examples show that in this class of models, pronounced volatility smiles are possible.     

Model averaging inconcentration–QT analyses

This article describes how a frequentist model averaging approach can be used for concentration–QT analyses in the context of thorough QTc studies. Based on simulations, we have concluded that starting from three candidate model families (linear, exponential, and Emax) the model averaging approach leads to treatment effect estimates that are quite robust with respect to the control of the type I error in nearly all simulated scenarios; in particular, with the model averaging approach, the type I error appears less sensitive to model misspecification than the widely used linear model. We noticed also few differences in terms of performance between the model averaging approach and the more classical model selection approach, but we believe that, despite both can be recommended in practice, the model averaging approach can be more appealing because of some deficiencies of model selection approach pointed out in the literature. We think that a model averaging or model selection approach should be systematically considered for conducting concentration–QT analyses. Copyright © 2016 John Wiley & Sons, Ltd.     

生态批评作为文学活动对于人的诗意生存

生态存在必然诗意地寻归生命有机性的运演节律。对人来说,或者对人的生存来说,生态对文学、文学对生态,都依生态存在而动,都是人的生命活动状态使然。生命有机性既是人的自然之身及感性生命的基础,又有机呈现人的多重存在关系,更需要精神性及审美化的提升,文学则是其中重要提升力量。生命、人与文学的生成及效应则依循诗意的节律,既形成整体的有效性,又显示着各方的魅力。当生态批评作为一种文学现象出现,从发生之初到广泛影响实际都在极大地关注着人的生存问题,并探寻人何以能诗意生存。当生态批评作为文学活动在助力,必然要成就那种“有效”及“魅力”,其方法、策略及目的性追寻,旨在助推人的活动不断地融入诗意生存。事实上,生态批评的阐释、评论、理性确证及学理基质,就是通过生态整体及诗意性的综合性体验,把控生态、生命、人与文学间的诗意关系,彰显其相互促动、相互映衬的魅力。     

Analysing non-doctrinal socialization: re-assessing the role of cognition to account for social cohesion in the Religious Society of Friends

To incorporate newcomers into membership, a group employs socialization strategies to transform the characteristics of the newcomers, so that it can admit them with the confidence that their behaviour will not endanger group unity. Analyses of socialization emphasize that novices' interiorization of an institutional definition of group behaviour is a necessary condition to ensure successful socialization. The contemporary Religious Society of Friends in Britain, however, is a non-doctrinal religious movement that avoids defining the content of its beliefs and practices. To analyse the socializing interaction between members and newcomers in this movement in Britain, and among co-religionists in the USA, this inquiry applies a model of socialization that does not include assumptions about the role played by cognition in socialization (Long and Hadden 1983). My results show that: (a) the diffuseness in Friends' collective explanations of institutional conduct supports novices' identification with institutional practice, and (b) experimental and affective components in socialization motivate novices to imitate institutional behaviour despite the fact that Friends have no authoritative explanations of such behaviour. The data suggest that socialization and social cohesion are not necessarily as strongly cognitive-oriented phenomena as they were previously thought to be. This finding has important implications for thinking about social cohesion in postmodern society.     

Telling the other what one knows? Strategic lying in a modified acquiring-a-company experiment with two-sided private information

Theory and Decision - Lying for a strategic advantage is to be expected in commercial interactions. But would this be more or less obvious when lying could come from either party and question...     

Correction to: Why perceived organizational and supervisory family support is important for organizations? Evidence from the field

Review of Managerial Science - Under Table 1, the explanation regarding the dummy variables that represent gender is reverse coded.     

Exploring Partial Order of European Countries

Partial Order Theory has been recently more and more employed in applied science to overcome the intrinsic disadvantage hidden in aggregation, if a multiple attribute system is available. Despite its numerous positive features, there are many practical cases where the interpretation of the partial order can be rather troublesome. In these cases the analysis of underlying dimensions could be useful to uncover particular data structures. The paper shows a way of addressing the problem with the help of an actual case study, which deals with European opinions on services of general interest. In particular, a partial order of countries is firstly provided and then a method to detect dimensions is discussed and applied. The analysis stems directly from the Partially Order Set (poset) and Lattice theory with particular references to dimension theory and Formal Concept Analysis. The study is eventually able to pinpoint role and relevance of different attributes characterizing EU countries which are used to define the partial order.

Internet Technology in Service of Personal Health Care Management: Patient Perspective

Internet technology has become an informational resource for most health care consumers. Online information, discussion, and support groups, in the form of message boards, listservs, and chat rooms are emerging as parts of virtual self-health-care network. This paper examines the extent to which participation in online health discussion groups was reported to be helpful in increasing medical knowledge and in enhancing the participatory patient role of health care consumers in interaction with health care service professionals. Data for this study was collected from 350 patients who participated in Internet discussion groups for cancer patients. The findings of the study indicated the important impact of Internet health discussion groups on health care management practices as perceived by health care consumers, including empowerment through knowledge and proactive participation in cancer care management. This research contributes to understanding the patient perspective and assesses the perceived importance of Internet groups by health care consumers.     

Optimization problems with color-induced budget constraints

In 1984, Gabow and Tarjan provided a very elegant and fast algorithm for the following problem: given a matroid defined on a red and blue colored ground set, determine a basis of minimum cost among those with k red elements, or decide that no such basis exists. In this paper, we investigate extensions of this problem from ordinary matroids to the more general notion of poset matroids which take precedence constraints on the ground set into account. We show that the problem on general poset matroids becomes -hard, already if the underlying partially ordered set (poset) consists of binary trees of height two. On the positive side, we present two algorithms: a pseudopolynomial one for integer polymatroids, i.e., the case where the poset consists of disjoint chains, and a polynomial algorithm for the problem to determine a minimum cost ideal of size l with k red elements, i.e., the uniform rank-l poset matroid, on series-parallel posets.