Individual behavior under risk and under uncertainty: An experimental study

These experiments are concerned with individual behavior under risk and under uncertainty. By exploiting the isolation effect the experiments were able to offer to 134 subjects the possibility of actually gaining or losing an important sum of money.The experimental data show that under risk as well as under complete ignorance the subjects' attitudes towards prospects of gains and towards prospects of losses are totally unrelated.The data also show that when facing prospects of gains, the subjects generally take the exact probabilities of the events into account, whereas, when facing prospects of losses many of then have only recourse to coarser categories of plausibility, or even no longer use their information at all.     

The Kumaraswamy skew-t distribution and its related properties

Skew normal distribution is an alternative distribution to the normal distribution to accommodate asymmetry. Since then extensive studies have been done on applying Azzalini’s skewness mechanism to other well-known distributions, such as skew-t distribution, which is more flexible and can better accommodate long tailed data than the skew normal one. The Kumaraswamy generalized distribution (Kw ? F) is another new class of distribution which is capable of fitting skewed data that can not be fitted well by existing distributions. Such a distribution has been widely studied and various versions of generalization of this distribution family have been introduced. In this article, we introduce a new generalization of the skew-t distribution based on the Kumaraswamy generalized distribution. The new class of distribution, which we call the Kumaraswamy skew-t (KwST) has the ability of fitting skewed, long, and heavy-tailed data and is more flexible than the skew-t distribution as it contains the skew-t distribution as a special case. Related properties of this distribution family such as mathematical properties, moments, and order statistics are discussed. The proposed distribution is applied to a real dataset to illustrate the estimation procedure.     

Spatio-temporal patterns of pre-eclampsia and eclampsia in relation to drinking water salinity at the district level in Bangladesh from 2016 to 2018

Population and Environment - This analysis examines whether salinity in drinking water is associated with pre-eclampsia and eclampsia (PE/E), a leading cause of maternal morbidity and mortality....     

Likelihood procedure for testing changes in skew normal model with applications to stock returns

The skew normal distribution family is an attractive distribution family due to its mathematical tractability and inclusion of the normal distribution as the special case. It has wide applications in many applied fields such as finance, economics, and medical research. Such a distribution family has been studied extensively since it was introduced by Azzalini in 1985 Azzalini, A. (1985). A class of distributions which includes the normal ones. Scandinavian Journal of Statistics 12:171–178. [Google Scholar] for the first time. Yet, few work has been done on the study of change point problem related to this distribution family. In this article, we propose the likelihood ratio test (LRT) to detect changes in the parameters of the skew normal distribution associated with some asymptotic results of the test statistic. Simulations have been conducted under different scenarios to investigate the performance of the proposed method. Comparisons to some other existing method indicate the comparable power of the method in detecting changes in parameters of the skew normal distribution model. Applications on two real data: Brazilian and Tanzanian stock returns illustrate the detection procedure.     

Living in the shadow of occupation: Life satisfaction and positive emotion as protective factors in a group of Palestinian school children

Starting from perspectives on functioning and wellbeing, the aim of the present study was to investigate positive and negative affect, self-perceived life satisfaction and happiness in a group of 74 Palestinian children exposed to political violence. We hypothesized that the children in our sample would display generally satisfactory wellbeing and good functioning in terms of positive affect, life satisfaction and happiness, despite their negative life conditions. Both quantitative and qualitative analysis of the dimensions of participants' wellbeing was carried out. In particular, we explored the ecological dimensions affecting the wellbeing of Palestinian children through content analysis of narratives produced by the group of participants. Positive emotions were found to contribute to wellbeing and life satisfaction in children, acting as protective factors in dealing with daily violence. The children displayed a range of personal resources facilitated above all by the functioning community structure supporting them. Implications for clinical intervention are discussed.     

Estimation of the mean of the exponential distribution using moving extremes ranked set sampling

Moving Extremes Ranked Set Sampling (MERSS) is a useful modification of Ranked Set Sampling (RSS). Unlike RSS, MERSS allows for an increase of set size without introducing too much ranking error. The method is considered parametrically under exponential distribution. Maximum likelihood estimator (MLE), and a modified MLE are considered and their properties are studied. The method is studied under both perfect and imperfect ranking (with error in ranking). It appears that these estimators can be real competitors to the MLE using the usual simple random sampling (SRS).     

Strategic decision‐making: Process perspectives

This paper reviews the strategic decision‐making process literature with respect to the synoptic formalism/political incrementalism debate. Procedural rationality is chosen as a representative of the synoptic formalism perspective; and both intuitive synthesis and political behaviour are employed as representatives of the political‐incrementalism perspective. In this paper, the author discusses the theoretical underpinnings of these three process dimensions, as well as the key research efforts gathered together under each perspective. In conducting this review, a number of areas have been identified which could profitably be examined further, and a number of implications for managers will be highlighted and discussed.     

Can balance exercise programmes improve balance and related physical performance measures in people with dementia? A systematic review

This review presents the physical performance outcomes of randomised trials investigating exercise programmes that included balance exercise for older people with dementia. A systematic literature search through five computerised bibliographic databases until February 2009 was carried out. Of 1,038 potentially relevant published articles, only seven met the inclusion criteria and were extracted. Findings from the review for a total of 632 participants showed that almost all of the included studies addressed exercise or physical activities as the main intervention; however, only two of the studies focused on balance exercise. The effect size values varied from no effect (0.00) to a large effect (3.29) of the interventions for a range of physical performance outcome measures. Findings also suggest that it is feasible to conduct exercise programmes with older people with dementia. However, further studies with more specific exercise designed to improve balance performance in order to prevent falls are required for older people with dementia.     

Books and publications received

In this paper the hypothesis put forward by J. C. Caldwell in a number of recent articles, including one in this journal is tested, that there are social and economic increasing returns to scale to family size. Using two village samples of household data collected in Bangladesh in 1977, it is shown that there is a statistically significant inverse correlation between adjusted consumption of rice per head and family size. This result holds true when age and size of landholding are taken into account. From this, it is concluded that the hypothesis is not empirically supported by the data from Bangladesh. This result is partially explained by the extreme poverty of the region and the fact that women are exploited in Bangladesh society.     

The Time-Pressure Illusion: Discretionary Time vs. Free Time

People’s welfare is a function of both time and money. People can – and, it is said, increasingly do – suffer time-poverty as well as money-poverty. It is undeniably true that people feel increasingly time pressured, particularly in dual-earner households. But much of the time devoted to paid and unpaid tasks is over and above that which is strictly necessary. In that sense, much of the time pressure that people feel is discretionary and of their own making. Using data from the 1992 Australian Time Use Survey, this paper demonstrates that the magnitude of this ‘time-pressure illusion’ varies across population groups, being least among lone parents and greatest among the childless and two-earner couples.