A study of Bayesian local robustness with applications in actuarial statistics

Local or infinitesimal Bayesian robustness is a powerful tool to study the sensitivity of posterior magnitudes, which cannot be expressed in a simple manner. For these expressions, the global Bayesian robustness methodology does not seem adequate since the practitioner cannot avoid using inappropriate classes of prior distributions in order to make the model mathematically tractable. This situation occurs, for example, when we compute some types of premiums in actuarial statistics in order to fix the premium to be charged to an insurance policy. In this paper, analytical and simple expressions that allow us to study the sensitivity of premiums, which are usually used in automobile insurance are provided by using the local Bayesian robustness methodology. Some examples are examined by using real automobile claim insurance data.     

The Impact of Remittances on Nutritional Status of Children in Ecuador1

This work analyzes the impact of remittances on nutritional status of children aged <5 years old in Ecuador in 2006. Using a set of anthropometric indicators constructed according to the new World Health Organization standards, the last household survey available for this country, and an instrumental variables strategy controlling for endogeneity of remittances, this study finds a positive and significant effect of remittance income on short-term and middle-term child nutritional status; nevertheless, no significant impact on long-run anthropometric indicators.     

The Determinants of Retail Productivity: A Critical Review of the Evidence

This paper discusses the literature on the established determinants of productivity in the retail sector. It also draws attention to some neglected strands of research which provide useful insights into strategies that could allow productivity enhancements in this area of the economy. To date, very few attempts have been made to integrate different specialisms in order to explain what drives productivity in retail. Here this paper rectifies this omission by putting together studies from economics, geography, knowledge management and employment studies. It is the authors’ view that quantitative studies of retail productivity should focus on total factor productivity in retailing as the result of competition/composition effects, planning regulations, information and communications technology, the multinational operation element and workforce skills. Further, the fact that retail firms possess advantages that are transferable between locations suggests that investment in strategies enhancing the transfer of explicit and tacit knowledge between and within businesses are crucial to achieve productivity gains.     

Epsilon Birnbaum–Saunders distribution family: properties and inference

In this paper we introduce a new extension for the Birnbaum–Saunder distribution based on the family of the epsilon-skew-symmetric distributions studied in Arellano-Valle et al. (J Stat Plan Inference 128(2):427–443, 2005). The extension allows generating Birnbaun–Saunders type distributions able to deal with extreme or outlying observations (Dupuis and Mills, IEEE Trans Reliab 47:88–95, 1998). Basic properties such as moments and Fisher information matrix are also studied. Results of a real data application are reported illustrating good fitting properties of the proposed model.     

Social Competence in Preschool Children: Replication of Results and Clarification of a Hierarchical Measurement Model

This study tested assumptions and conclusions reached in an earlier confirmatory factor analysis (CFA) study of the social competence (SC) construct for preschool children. Two samples (total N = 408; a new Portuguese sample and one from US samples that had participated in the original study) contributed data. Seven SC indicators were tested for mean differences across age, sex, and sample. Significant sex differences were found for peer acceptance (favoring girls) and for initiating affectively neutral interactions (boys had higher rates), and the sex by sample interaction also was significant for initiating interactions (i.e., effect significant only in the Portuguese sample). In CFAs, the hypothesized structure of SC fits the data and was invariant across sample and age within sample in both measurement and structural tests. The model was invariant at the measurement level for sex within sample tests, but not at the structural level. The results replicate and extend understandings of SC reported in the original study.     

Body posture in elderly,physically active males

The objective of this study was to evaluate the shape of anterior–posterior curvatures of the spine and to determine the values of body symmetry deviations in the frontal plane, in elderly males. The study group consisted of 34 males aged between 61 and 83 years, attending two hour-long training sessions a week. The comparative group consisted of 30 students. The photogrammetric method based on the Moire phenomenon was used to evaluate the body posture. The obtained data confirm characteristic tendencies of physiological spinal curvatures to change with the aging process. A decrease of the lumbar–sacral spinal-segment inclination and an increase of the upper thoracic spinal-segment inclination were observed in the elderly males. Whereas, the value of thoracic kyphosis lower-segment inclination was similar to the value obtained in young adult males. The stated differences indicate a flattening of lumbar lordosis and a deepening of the upper arch of thoracic kyphosis, which results in a characteristic body posture in the standing position with the head protruding and the upper trunk segment inclined. The above-mentioned observations indicate a dominance of the angular thoracic kyphosis value over the remaining spinal curvatures. These differences occur to a greater degree in elderly males.     

Causal Ordering of Basic Psychological Needs and Well-Being

What is the relationship between well-being and satisfaction of basic psychological needs overtime? The basic psychological needs theory is a subtheory of the self-determination theory that elaborates the concept of psychological needs and its relations to psychological health and well-being. The goals of this research was to establish the causal ordering between basic psychological needs and three psychological well-being indicators (subjective well-being, self-esteem and satisfaction with life), in a longitudinal study. We used a cross-lagged two-wave design. A total of 272 university students completed the questionnaire at the beginning and at the end of the semester. Relatedness at time 1 (T₁) had a positive and significant effect on all well-being indicators at time 2 (T₂); competence (T₁) had a positive and significant effect on all indicators except for self-esteem (T₂); finally, autonomy (T₁) did not have a significant effect on any of the well-being indicators (T₂). In conclusion, we confirm the causal ordering of competence and relatedness on well-being, according to the basic psychological needs subtheory. Universities, in general, and teachers, in particular, should promote relations between students and support the need of competence.     

On the Measurement of Interpersonal Trust Transfer: Proposal of Indexes

This paper investigates the measurement of trust transfer in interpersonal contexts. Despite the importance of this topic, little evidence of comparable indicators exists to fill the current gap in knowledge regarding the measurement of interpersonal transference of trust and its reciprocal. We propose a modification of the classical structure of a widely accepted experimental setting for analyzing trust (i.e. a trust game) and build two indexes for the measurement of trust transfer and its reciprocation. Several properties of these indicators are investigated to examine their robustness and accuracy for measuring the transference of interpersonal trust. Furthermore, using data from our own modified trust game, we provide an empirical examination of both indexes. The results show that the existence of a mutually known third party fosters a stronger willingness to achieve cooperative behavior in an anonymous trust game; thus, the transference of interpersonal trust works in both directions of the dyad.     

The Effect of Firm and Host Country Characteristics on the Choice of Entry Mode: Empirical Evidence from Spanish Firms

When investing abroad firms must choose betweengoing alone or with a partner – the so-calledownership structure decision. Additionally,firms can enter a new country by acquisitionsor by greenfield investments – the foreignestablishment mode decision. These twodecisions have traditionally been analyzedseparately in the literature on entry mode.What is more, this literature has much lessanalyzed hybrid entry modes, like partialacquisitions. The aim of this paper is toanalyze how the different factors analyzed inprior research influence the choice of entrymode when jointly taking into account fouralternative entry modes: greenfield whollyowned subsidiaries, greenfield joint ventures,full acquisitions and partial acquisitions. Theempirical analysis was carried out byestimating a multinomial logit model over asample of FDIs made by Spanish firms. Ourresults also contribute to the knowledge ofspecific patterns in the choice of entry modeby firms from late investor countries, likeSpain.