Cultural metaphors as means to contextualised understanding of child and childhood

The conceptualizations about children and childhoods enrich our understanding of adult–child interactions, educational practice, policy and child-welfare interventions. This study explored 42 cultural metaphors drawn from diverse socio-economic, geographical and linguistic settings to construct Indian childhoods. The paper reports an interpretative analysis of reconstructions leading to a typology of metaphors-in-use. The conceptual-analytical exercise helped unpack nuances and contextual meanings of metaphors. The paper argues for richness and subtlety in theorising childhoods, which is multilayered, situated and intertwined with contextual issues and tensions. The study offers methodological, pedagogical and conceptual insights and proposes possibilities for using cultural tools into inquiring childhoods.     

India's demand for international reserve and monetary disequilibrium: Reserve adequacy under floating regime

The main aim of this study is to investigate India's demand for international reserve by focusing on the role of national monetary disequilibrium and to present new benchmarks for assessing the adequacy of international reserves. We assessed India's position in terms of reserve adequacy and found that India is well placed and has sufficient stock of international reserves to meet the minimum adequacy requirements. Also, the results reveal that the central bank is holding substantial excess reserves and the related opportunity cost (1.5% of GDP) appears to be quite considerable. Further, the estimates of reserve demand function suggest that scale of foreign trade, uncertainty and profitability considerations play significant role in determining India's long-term reserve demand policies. More importantly, validating the monetary approach to balance of payment, our results show that national monetary disequilibrium does play a crucial role in short-run reserve movements. An excess of money demand (supply) induces an inflow (outflow) of international reserves with an elasticity of 0.56 which also implies that Reserve Bank of India responds to correct the domestic money market disequilibrium; and did not just leave it completely on the mercy of reserve inflows.     

Estimation for an accelerated failure time model with intermediate states as auxiliary information

Lifetime Data Analysis - The accelerated failure time (AFT) model is a common method for estimating the effect of a covariate directly on a patient’s survival time. In some cases, death is...     

Improved Ratio- and Product-Type Exponential Estimators for Population Mean in Case of Post-Stratification

This paper discusses the problem of estimation of population mean in case of post-stratification. Improved ratio- and product-type exponential estimators of finite population mean are suggested with their case of post-stratification. Bias and mean-squared error of the suggested estimators are obtained up to the first degree of approximation. Suggested estimators have been compared with unbiased estimator, ratio estimator, and product estimator in case of post-stratification. An empirical study has been carried out to demonstrate the performance of the suggested estimator.     

How Anxiety Leads to Suboptimal Decisions Under Risky Choice Situations

The current research proposes that situationally activated anxiety—whether incidental or integral—impairs decision making. In particular, we theorize that anxiety drives decisionmakers to more heavily emphasize subjective anecdotal information in their decision making, at the expense of more factual statistical information—a deleterious heuristic called the anecdotal bias. Four studies provide consistent support for this assertion. Studies 1A and 1B feature field experiments that demonstrate the role of incidental anxiety in enhancing the anecdotal bias in a choice context. Study 2 builds on these findings, manipulating individuals’ incidental anxiety and showing how this affects the anecdotal bias in the context of message evaluations. Study 2 also provides direct evidence that only high‐arousal negative emotions such as anxiety/worry enhance the anecdotal bias, not just any negative emotion (e.g., sadness). While the first three studies examine how incidental anxiety impacts choice, the last study demonstrates the effect of integral anxiety on decision making, manipulating anxiety by intensifying participants’ perceived risk. Our results show that—consistent with findings from our first three studies—the anecdotal bias is enhanced when anxiety is heightened by individuals’ perception of risk.     

Characteristics for the Effectiveness of Women’s Self-Help Groups in Bihar

This study examines whether group heterogeneity and group structure and process predict the effectiveness of women’s self-help groups in terms of their financial performance, self-reliance of the group, members’ decision-making ability at the household level, and access to non-financial benefits. Data were collected using an interview schedule from 210 women’s self-help groups in six districts of Bihar and data were analyzed using partial least squares structural equation modeling. The findings suggest that the group heterogeneity directly predicts the effectiveness of women’s self-help groups and it is fully transmitted through group structure and process to positively predict the effectiveness of the women’s self-help groups. The group structure and process is found to be a full mediator between group heterogeneity and group effectiveness. The predictive accuracy of the model is found to be high. The findings have implications to bring in more diversity in members castes, education, and their reasons for joining women’s self-help groups at the formation stage and variations in members’ skills and expertise at the performing stage of the groups. The members’ awareness on group norms and trust in financial transactions, and leadership styles together with cooperation and cohesion among members, transparency in financial transactions, group attendance, and networking with the bank and the federation foster the effectiveness of women’s self-help groups.