The robustness of linear models for decision-making

This paper elaborates on some issues discussed by Moskowitz, who presented evidence that linear multiple regression models, estimated from decisions made by individuals, often outperform the individuals themselves. In discussing his results, Moskowitz (1) suggested that inconsistency in information utilization by individuals may account for the relative superiority of regression models, and (2) expressed concern over the robustness of linear regression models to changes in (a) information environments, (b) weighting parameters, and (c) functional form of the model. This paper discusses reasons (in addition to inconsistency) for the relative superiority of model over man, and it summarizes recent research in psychology concerning the robustness of linear regression models (and linear models in general). This paper is supportive, rather than critical, of Moskowitz's research.     

Programmed Strategic Decision Making: The View From Mintzberg's Window1

A class of decisions, asset mix decisions made by pension fund managers, which exhibit characteristics of both programmed and strategic choices is examined in this paper. The decisions are classified using the scheme developed by Mintzberg et al., (1976) to highlight the circumstances under which strategic decisions may be programmed. The types of strategic decisions which lend themselves to programming are considered. The advantages and disadvantages of programming strategic decisions are also discussed.     

The hypothesized effects of ability in the turnover process

Findings from studies that have investigated the relationship between task-relevant ability and turnover have been inconsistent. A process model is presented that suggests that ability may be related to turnover through the individual's perception of both the ease and desirability of movement. The potential effect of ability on the turnover process and its practical and theoretical implications are discussed.     

人是思维运动的唯一主体

思维运动主体不是人脑，而是从事社会实践的人。近代形而上学唯物主义把人脑看作是思维运动的主体，虽然肯定了思维运动主体的物质性，但却忽视了它的社会实践性。马克思主义哲学从实践出发理解现存世界和人的思维，把实践看作“人的思维的最本质和最切近的基础”，将从事社会实践活动的人确立为思维运动的主体，从而在思维运动主体上实现了物质性、实践性和社会性三者的有机统一。     

NOTE ON POINT AND INTERVAL ESTIMATION AND PREDICTION FOR NORMAL EQUICORRELATED DATA

For normal homoscedastic equicorrelated data the parameters μ, σ and p are identifiable, but it is shown that no consistent estimators exist. Confidence intervals for μ and prediction intervals with known confidence coefficients can, however, be obtained.     

WHO'S PUBLISHING IN JMFT? AN EXAMINATION OF AUTHOR CHARACTERISTICS

This article examines the gender, setting, and degree of the first authors of published articles in JMFT from 1990 to 1995. Findings reveal that men are the first authors of 67% of the articles and women, 33%. PhDs are first authors on 58% of the articles, and authors in university settings write 53% of the published articles. Thirty-nine percent of the articles published during this period were research; 26%, clinical; 16%, theory; and 14%, training. Surprising findings were that MSW authors had a higher acceptance rate than PhDs, and authors in training institutes had a higher acceptance rate than those in university settings.     

The Evolution of Organizations: Suggestions from Complexity Theory About the Interplay Between Natural Selection and Adaptation

There has been much debate in the managementliterature between neo-Darwinists (who believe in thenatural selection of populations of organizations) andadaptationists (who contend that changes in organization structure and behavior occur in response to theenvironment). The general thesis of neo-Darwinism isthat species are blindly selected for survival by theenvironment. The latest empirical support for the dominant neo-Darwinism perspective adopted bymost biologists is based primarily on the experimentsconducted by Salvador Luria who claims to haveconclusively demonstrated that genes mutate randomly.Recently, however, biologists have re-examined Luria sresearch methods and, after replications of hisexperiments, now question some aspects of the validityof his results. Moreover, there is now new researchwhich provides support for the earlier adaptationistposition, namely, the existence of evolutionary driversand directors existing within self-organizing systems.Of particular importance to the present study is the experimental indication thatself-organizing systems play a conscious role in theirown evolution. We propose that similar mechanisms orprocesses operate in organizational adaptation, thuspointing toward a theoretical modification ofneo-Darwinism that embraces both adaptation and naturalselection in a general, unified theory.     

Changes in Income Concentration: Taxes or Macroeconomic Conditions?

We examine the relative importance of tax rates and macroeconomic fluctuations in explaining the share of national adjusted gross income (AGI) reported by the top 0.5% of all taxpayers. Results indicate that cutting the top income or capital gains tax rate would increase the top AGI share but not by enough to increase revenues. The preponderance of evidence suggests that the top AGI share is affected more by the capital gains tax rate than by the income tax rate but that real gross domestic product fluctuations have even larger effects.