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Asset Pricing under Asymmetric Information: Bubbles, Crashes, Technical Analysis, and Herding
Markus K. Brunnermeier Manufacturer: Oxford University Press, USA ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0198296983 |
Book Description
Asset prices are driven by public news and information that is often dispersed among many market participants. These agents try to infer each other's information by analyzing price processes. In the past two decades, theoretical research in financial economics has significantly advanced our understanding of the informational aspects of price processes. This book provides a detailed and up-to-date survey of this important body of literature. The book begins by demonstrating how to model asymmetric information and higher-order knowledge. It then contrasts competitive and strategic equilibrium concepts under asymmetric information. It also illustrates the dependence of information efficiency and allocative efficiency on the security structure and the linkage between both efficiency concepts. No-Trade theorems and market breakdowns due to asymmetric information are then explained, and the existence of bubbles under symmetric and asymmetric information is investigated. The remainder of the survey is devoted to contrasting different market microstructure models that demonstrate how asymmetric information affects asset prices and traders' information , which provide a theoretical explanation for technical analysis and illustrate why some investors "chase the trend." The reader is then introduced to herding models and informational cascades, which can arise in a setting where agents' decision-making is sequential. The insights derived from herding models are used to provide rational explanations for stock market crashes. Models in which all traders are induced to search for the same piece of information are then presented to provide a deeper insight into Keynes' comparison of the stock market with a beauty contest. The book concludes with a brief summary of bank runs and their connection to financial crises.
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Asset Pricing under Asymmetric Information: Bubbles, Crashes, Technical Analysis, and Herding
Markus K. Brunnermeier Manufacturer: Oxford University Press, USA ProductGroup: Book Binding: Paperback ASIN: B000OLA8QQ |
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Well Made in America: Lessons from Harley-Davidson on Being the Best
Peter C. Reid Manufacturer: McGraw-Hill Companies ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0070518017 |
Book Description
In 1981, 13 Harley-Davidson managers purchased the ailing motorcycle company from its parent conglomerate, AMF. Saddled with $83 million in debt, they had to avoid bankruptcy, restore employee commitment, revolutionize manufacturing processes, and dramatically increase sales-by yesterday. Today business professors throughout the world are citing the Harley-Davidson "miracle" in their classrooms. What really happened? Here is the first in-depth look at how this group of pioneering owner-managers breathed new life into their company and managed to win. How they combined Japanese work methods with American know-how and innovation. How they triumphed over financial instability and foreign competition. And how they positioned their company for steady future growth. But readers will find more than an exciting turnaround story here. They will find an overall strategy for making their own organization the best. They will observe the kinds of changes that have to be made in product strategy, marketing, finance, human resources, and manufacturing to achieve striking gains in quality, productivity, market share, and profitability. Well Made in America is an exciting guide for business managers who want their companies to become vital global competitors.Customer Reviews:
How to Succeed in America.......2003-11-19
Any company that deals with American consumers ought to have this book on the desk of every manager in the company.
Lessons for Manufacturing Organizations.......2000-05-01
Stock and Rider.......1999-12-21
good summary of HD, but a fluff piece.......1999-04-03
The book starts out trying to describe the management changes that occured at HD, then spends many pages discussing the various finance issues that came up when the management bought HD from it's parent company, then goes into sales issues then back to management issues. So, is this supposed to be a historical record or a management book? It does not devote enough time to either topic to do either subject justice.
Also, this book is in my opinion a fluff piece. All of H-D's strengths are glorified while their weaknesses are rationalized away by saying that "everyone does it" (ex, H-D's earlier management was bad, but so was every other US company's).
The last section on how to implement these changes into your company is good. If the rest of the book was written in this format it would have been much better.
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WELL MADE IN AMERICA Lessons from Harley-Davidson on Being the Best
Peter C. Reid Manufacturer: McGraw Hill ProductGroup: Book Binding: Hardcover ASIN: B000JV3H9G |
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Well Made in America: Lessons from Harley-Davidson on Being the Best
Peter C. Reid Manufacturer: McGraw-Hill Companies ProductGroup: Book Binding: Paperback ASIN: B000OFTLT2 |
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Second International Peat Congress, Leningrad, U.S.S.R., 1963: transactions;
Manufacturer: H.M.S.O ProductGroup: Book Binding: Unknown Binding ASIN: 0114900361 |
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The Myth of Monogamy: Fidelity and Infidelity in Animals and People
David P. Barash , and Judith Eve Lipton Manufacturer: Owl Books ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0805071369 |
Amazon.com
Shattering deeply held beliefs about sexual relationships in humans and other animals, The Myth of Monogamy is a much needed treatment of a sensitive issue. Written by the husband and wife team of behavioral scientist David P. Barash and psychiatrist Judith Eve Lipton, it glows with wit and warmth even as it explores decades of research undermining traditional precepts of mating rituals. Evidence from genetic testing has been devastating to those seeking monogamy in the animal kingdom; even many birds, long prized as examples of fidelity, turn out to have a high incidence of extra-pair couplings. Furthermore, now that researchers have turned their attention to female sexual behavior, they are finding more and more examples of aggressive adultery-seeking in "the fairer sex." Writing about humans in the context of parental involvement, the authors find complexity and humor:
Baby people are more like baby birds than baby mammals. To be sure, newborn cats and dogs are helpless, but this helplessness doesn't last for long. By contrast, infant Homo sapiens remain helpless for months ... and then they become helpless toddlers! Who in turn graduate to being virtually helpless youngsters. (And then? Clueless adolescents.) So there may be some payoff to women in being mated to a monogamous man, after all.
Careful to separate scientific description from moral prescription, Barash and Lipton still poke a little fun at our conceptions of monogamy and other kinds of relationships as "natural" or "unnatural." Shoring themselves up against the inevitable charges that their reporting will weaken the institution of marriage, they make sure to note that monogamy works well for most of those who desire it and that one of our uniquely human traits is our ability to overcome biology in some instances. If, as some claim, monogamy has been a tool used by men to assert property rights over women, then perhaps one day The Myth of Monogamy will be seen as a milestone for women's liberation. --Rob Lightner
Book Description
Applying new research to sex in the animal world, esteemed scientists David P. Barash and Judith Eve Lipton dispel the notion that monogamy comes naturally. In fact, as The Myth of Monogamy reveals, biologists have discovered that for nearly every species, cheating is the rulefor both sexes.Reviewing findings from the same DNA fingerprinting science employed in the courtroom, Barash and Lipton take readers from chickadee nests to chimpanzee packs to explain why animals cheat. (Some prostitute themselves for food or protection, while others strive to couple with genetically superior or multiple mates.) The Myth of Monogamy then illuminates the implications of these dramatic new findings for humans, in our relationships, as parents, and more. The Myth of Monogamy at last brings scientific insight into this emotionally charged aspect of the ultimate dating and marriage quandary.Customer Reviews:
Wow.......2007-05-05
false comparative analysis.......2006-11-26
Finally The Truth, But We Do Have A Choice.......2005-05-14
"We are biological creatures . . . ".......2003-02-26
One small flaw must be dealt with first - sexual behaviour studies must retreat from overuse of the poor screw-worm fly. The authors cannot resist numerous word plays on the poor creature's name. As the subject of an early attempt at controlling pest populations, the screw-worm fly initiated the host of studies of sexual behaviour among animals. Barash and Lipton describe sterilization of this insect as largely successful, reducing its population significantly. Screw-
worm flies are monogamous, which reinforced the notion as predominant in nature. However, a 1970s groundbreaking paper indicated monogamy might not be universal in animals. From that start a wealth of new studies demonstrated that it was monogamy that was rare, not the reverse. The screw-worm fly turned out to be a rare exception to the rule, and the basis of comparison for the later research.
Bowing to the expected abuse of "anthropomorphising" biology, the authors eschew "adultry" in favour of EPC [Extra Pair Copulation] in describing the common practice in nature. They show the distinction between "social" and "sexual" pairing. Social pairing includes nest building, territorial defence, raising offspring and other "family matters." Copulation itself, they show, has many more factors involved than simply insemination. Mates must be available, attractive or both. Age, health, even "marital status" may be taken into consideration. And these factors are weighed for "adultery" in animals! Males might need a special physiology or the ability to prevent EPC, even while seeking to achieve it on their own.
As they must, the authors arrive at last at humans. Noting how difficult research on human sexual behaviour is to document, they cite, albeit with many reservations, several noteworthy studies. If nothing else, the work proclaims that monogamy among humans is not the "norm." In relating the studies, they present anthropological data, surveys of modern societies and clinical studies. The authors grind no axes and are quick to criticise studies they feel are suspect. The dearth of valid data, however, leads them to present any plausible suggestion that seems either supportable or capable of further investigation. Throughout the narrative they insist that no predictable pattern can be applied to humans any more than with the other animals. Even our closest relatives all retain individuality among their members.
A running theme in the book is the authors' call for more research. How do female blue tits judge the ability of some males to resist winter cold more than others. "No one knows. [Yet]" and similar statements permeate the book. Anyone fearing there is little in biology left to investigate should read this. The sparseness of their references certainly supports this plea. While much work has been done, particularly in recent years, an immense range of study topics remains to be investigated. Younger readers should seriously consider the number of topics requiring clarification. A valuable book for these and many reasons.
The Truth Is Revealed, But Choice Is Always Ours.......2003-02-13
The reason why so many find it difficult to be faithful to their partner for a long time, is biological. Originally, before an evolved society with its ground rules grew from primitive communism, the homo sapien men were polygamous, especially because genetically, nature demanded variety from their offspring. Incest, of course, was formerly practiced to keep a family bloodline, true even to the highest societies, royal dynasties of ancient Egypt, etc. There was a time when free will seemed to bother no one, and men had many wives, shared partners and even shared land. But eventually, power and property was established, much like class systems, and it came to be a violation when someone "outside" the group took one of the wives from another male. Feeling of jealousy and ownership were established and so, when religion began to take over people's consciousness, they labeled this "taking", "adultery". The biological needs of women are important in the scene, as well, in fact, perhaps the most important link. Women's sex cells contain life-giving ovum, enabling them to bear children, and because they are so few and rare in them, they are selective about their sexual/romantic/etc partners. They are far more choosy because it is going to reflect on the ensuing progeny, their children. Men's sperm is abundant and cheap, and they are less selective. It's all down to our biological make-up. This book is very casual about the whole matter and contains not only very scientifically accurate truth, but very genuine humor and witty lines, making reading this book very enjoyable.
This book is very insightful, and opened my eyes about sex, relationships and the many unbreakable "differences" between men and women, such as why do women like tall men ? Why are men so attracted to larger breasts, why are men far more visual and enjoy pornography and why do women act demure and modest in order to attract their mate before showcasing their wild sexual abandon ? These all contain biological reasons. But this does not mean that men are women are not equals, nor are we forever ruled by "animal instincts". We are more intelligent than the animals and have evolved so wonderfully, that we can now chose to be married for a long time with a single mate and live happily ever after.
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The Myth Of Monogamy: Fidelity And Infidelity In Animals And People. (Book Reviews).(Review): An article from: The Canadian Journal of Human Sexuality
Gerald McKay Manufacturer: SIECCAN, The Sex Information and Education Council of Canada ProductGroup: Book Binding: Digital ASIN: B0008JCSGW Release Date: 2005-07-28 |
Book Description
This digital document is an article from The Canadian Journal of Human Sexuality, published by SIECCAN, The Sex Information and Education Council of Canada on December 22, 2000. The length of the article is 2224 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
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Photography of Natural Things: A Nature and Environment Workshop for Film and Digital Photography
Freeman Patterson Manufacturer: Key Porter Books ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 1552635988 |
Book Description
Patterson demystifies the techniques of photographing nature in this third edition of Photography of Natural Things. Readers are taught how to photograph a full spectrum of natural subjects and to explore their relationship to the natural world to create fine images of their own.
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Wildlife Photography Workshops
Steve Toon , and Ann Toon Manufacturer: Guild of Master Craftsman ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 1861083602 |
Book Description
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There Are Mountains to Climb (Official Guides to the Appalachian Trail)
Jean Deeds Manufacturer: Silverwood Press ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0965148718 |
Customer Reviews:
The best-ever book by a thru hiker.......2005-07-22
You don't even have to be a hiker to like this book.......2005-07-07
Worth a read - twice!.......2005-04-11
Wonderful read.......2004-09-23
One of the Best!.......2004-04-26
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There is a Mountain...I Must Climb
Sallie Burdine Manufacturer: SABA Books ProductGroup: Book Binding: Paperback ASIN: 0970546432 |
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Pocket Muse: Ideas and Inspirations for Writing
Monica Wood Manufacturer: Writer's Digest Books ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 1582971420 |
Amazon.com
According to Monica Wood, every writer needs two critics: one who offers unconditional praise and another who tells only truth. Wood's Pocket Muse does both--"on some pages you get a pat on the head, on others a kick in the seat"--and more. Every page of this pretty little book is devoted to helping you "jumpstart a writing session, inspire confidence, or strengthen your resolve." There are intriguing writing exercises, thought-provoking photographs, offbeat quotations from writers, enticing unfinished sentences, mini writing lessons, quirky word lists, stories from the writing trenches, and a generous dose of encouragement. "Write about a noise--or a silence--that won't go away," Wood suggests. "Someone has left a note on a car windshield," she offers. Books of this sort are often forced, or cute, or more about spirituality than writing. Not The Pocket Muse. It is a lively, appealing companion for a writer in need of a good nudge. --Jane SteinbergBook Description
The Pocket Muse is every writer's key to finding writing inspiration when and where they want it. It includes hundreds of thought-provoking prompts, exercises and illustrations that immediately help them to: get started writing; overcome writer's block; develop a writing habit; think more creatively; master style, revision and other elements of the craft.The rich variety of exercises will help writers to create entire stories or focus on a single aspect of their writing. It will also encourage them to think about how they write in new and surprising ways. It's truly a unique book, both fun and effective. It will teach, cheer and inspire writers as never before.
Customer Reviews:
"Writers Block Be-Gone!".......2007-10-19
Writing Ideas.......2007-10-01
Treat for writers........2007-08-09
This muse is beautiful, but dull........2006-11-04
some good ideas.......2006-02-01
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The Pocket Muse Endless Inspiration: New Ideas for Writing
Monica Wood Manufacturer: Writers Digest Books ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 1582974195 |
Book Description
"The Innovative Sequel to Our Best-Selling Book of Writing Prompts *Follow-up to the successful and well-loved Pocket Muse *Features creative insights and inspirations for the writing life *Packaged in a visually stunning format to help prompt creativity Offering an incredible spectrum of writing prompts, photos, and advice, The Pocket Muse: Endless Inspiration provides readers with the same unique and stimulating approach to writing as the first title--this time, featuring advice for all types of writers: fiction, nonfiction, and poets. A browsable, engaging, and charming book, this follow-up will appeal to readers of the first title, as well as writers discovering Wood's trademark approach for the first time."
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Atmosphere, Mood And Light: Paint a Watercolour Landscape in Minutes
Keith Fenwick Manufacturer: North Light Books ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 1581803923 |
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Atmosphere, Mood and Light (Windsor & Newton Paint a Landscape in Minutes)
Keith Fenwick Manufacturer: Arcturus foulsham ProductGroup: Book Binding: Paperback ASIN: 0572028369 |
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