The control of bank exposure to risk

This article describes the major risks inherent in operating a bank. By analyzing the individual component elements of that risk it shows how the major risks may be reported and controlled. The analysis also portrays some of the major considerations that require attention if the risks are to be minimized.     

OPTIMIZING UNIVERSITY ADMISSIONS PLANNING

The crucial issues in the administration of higher education embody the very purpose, function, and concept of each institution. The institution's administrative policies are based on the combined philosophy of many conflicting interest groups such as taxpayers, donors, administrators, faculty, students, staff, and users of university services. A function performed by the university which is receiving increasing attention and outside pressure is the formulation of admissions policy for newly entering students. This paper investigates problems involved in the admissions planning and presents a goal programming model as an optimization tool for the problem.     

Misadventures with Aboriginalism

For 30 years the dominant approach to Aboriginal affairs in Australia has been to support cultural recovery and accommodate cultural difference in the expectation that this will enhance Aborigines’ and Torres Strait Islanders’ equality as citizens.This approach has been driven by a dialectic of progressivist desire to ameliorate the effects of earlier colonialist policy and Aboriginalist discourse that assumes isolable cultures, unitary identities and uni-directional causes of marginalisation. That discursive formation, once counter to dominant colonialist discourse, has now itself become normative, internally repressive, counter-productive and resistant to change. This is the national misadventure with Aboriginalism. This paper argues that this unexpected development is a product of the national governing attempt to gain control through public policy that is inadequate to Aborigines’ contemporary lived reality of interculturality, post-ethnicity and political agency. It uses an indicative case study and an analysis of the national misadventure to propose a deliberative intercultural approach to public policy in respect of Aborigines.     

A Compressive Sensing Based Analysis of Anomalies in Generalized Linear Models

In this article, we present a compressive sensing based framework for generalized linear model regression that employs a two-component noise model and convex optimization techniques to simultaneously detect outliers and determine optimally sparse representations of noisy data from arbitrary sets of basis functions. We then extend our model to include model order reduction capabilities that can uncover inherent sparsity in regression coefficients and achieve simple, superior fits. Second, we use the mixed ?₂/?₁ norm to develop another model that can efficiently uncover block-sparsity in regression coefficients. By performing model order reduction over all independent variables and basis functions, our algorithms successfully deemphasize the effect of independent variables that become uncorrelated with dependent variables. This desirable property has various applications in real-time anomaly detection, such as faulty sensor detection and sensor jamming in wireless sensor networks. After developing our framework and inheriting a stable recovery theorem from compressive sensing theory, we present two simulation studies on sparse or block-sparse problems that demonstrate the superior performance of our algorithms with respect to (1) classic outlier-invariant regression techniques like least absolute value and iteratively reweighted least-squares and (2) classic sparse-regularized regression techniques like LASSO.     

Response Order Effects in Dichotomous Categorical Questions Presented Orally: The Impact of Question and Respondent Attributes

Using data from 548 experiments in telephone surveys conductedby the Gallup Organization, we explored how attributes of questionsand respondents moderate response order effects in dichotomouscategorical questions. These effects were predominantly recencyeffects and occurred most in questions that were more difficultto comprehend (especially among respondents with the least education),with response choices that were more difficult to comprehend(because they were complete sentences instead of words or phrasesand because they were not mutually exclusive), and that wereasked after many prior questions. Recency effects were alsomore common in questions that explicitly or implicitly encouragedrespondents to wait until they had heard all the answer choicesbefore formulating a judgment than in questions that inducedrespondents to begin formulating a judgment before all the answerchoices had been read (especially among the least educated respondents).A study of interviewer behavior revealed patterns of pausingbetween and within sentences that help to explain why some typesof questions are especially prone to recency effects and othersare not.     

Fractured relationships and the potential for abuse of older men

Elderly men are an understudied population in the area of abuse and neglect. The typical elder abuse or neglect victim is described as a frail woman. The National Elder Abuse Incidence Study shows men to be victims as well and at higher risk than women for abandonment, the most extreme form of neglect. A qualitative study of older widowed men did not specifically explore issues of abuse and neglect, but found several of the men experiencing alienation from one or more of their adult children. This paper explores the dynamics of these "fractured relationships" and finds several patterns that may increase an older man's risk of being neglected when his needs for support increase. Many men are not functioning in a kinkeeper role and are not attempting to repair fractured relationships. Minimizing their own feelings may prevent men from understanding the extent of alienation felt by an adult child.     

Comparison style, physical self-perceptions, and fitness among older women

This study examined the relationships between older women's comparison styles, physical self-perceptions, and functional fitness. Participants were community-dwelling women (N = 102, age 65-99) living in the mid-Atlantic region of the United States. Individuals were categorized as relying primarily on social comparisons, temporal comparisons, or a combination of both styles. Also of interest was whether individuals evaluated themselves positively or negatively when making comparisons. Participants who evaluated themselves positively as compared with others were found to have higher levels of physical self-perception. Analyses revealed that women who relied primarily on temporal comparisons had higher self-perceptions of their functional ability than those who relied on a combination of comparison styles. An avoidance of both temporal and social comparisons was also related to higher levels of physical self-perception.     

The Experience-Earnings Profile: Productivity-Augmenting or Purely Contractual? Evidence from the UK

We test the human capital interpretation of the experience-earnings profile. Does the upward sloping portion of the experience-earnings profile reflect on-the-job training which in turn causes the experience-productivity profile to slope upwards, or do purely contractual factors determine the nature of life-cycle earnings. Herein, we provide additional evidence on the relationship between productivity and earnings by examining earnings differentials in the UK academic labor market for economists. Using a test first suggested by Mincer, we find that the empirical results are consistent with human capital theory. We find that, although the positive relationship between earnings and experience persists when individual productivity measures are included in the salary equations for lecturers and senior lecturers, the positive relationship becomes statistically insignificant when the same productivity measures are included in the salary equations for professors. For lecturers and senior lecturers, the experience-salary profile properly reflects the structure of the national pay scale rather than variations in individual research productivity. At the professor level, where individual salaries are not determined by a pay scale, the data support the human capital explanation of the positive experience-earnings profile.