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Sloan Research Fellowship The Sloan Research Fellowships are awarded annually by the Alfred P. Sloan Foundation since 1955 to "provide support and recognition to early-career scientists and scholars". This program is one of the oldest of its kind in the United States. Fellowships were initially awarded in physics, chem...
https://en.wikipedia.org/wiki?curid=12637991
Sloan Research Fellowship While Fellows are expected to be at an early stage of their research careers, there should be strong evidence of independent research accomplishments. Candidates in all fields are normally below the rank of associate professor and do not hold tenure, but these are not strict requirements. The ...
https://en.wikipedia.org/wiki?curid=12637991
Sloan Research Fellowship Rubenstein, "Brown University" Sandeep Sharma, "University of Colorado, Boulder" Diwakar Shukla, "University of Illinois, Urbana-Champaign" Hailiang Wang, "Yale University" Masayuki Wasa, "Boston College" Christina Woo, "Harvard University" Yan Xia, "Stanford University" Mingxu You, "Universit...
https://en.wikipedia.org/wiki?curid=12637991
Sloan Research Fellowship Lee, "University of Southern California" Sergey Levine, "University of California, Berkeley" Wyatt Lloyd, "Princeton University" Shayan Oveis Gharan, "University of Washington" Emily Whiting, "Boston University" Christopher Wilson, "Northeastern University" Keith Winstein, "Stanford University...
https://en.wikipedia.org/wiki?curid=12637991
Sloan Research Fellowship Lawrie, "Massachusetts Institute of Technology" Bao Le Hung, "Northwestern University" John Lesieutre, "The Pennsylvania State University" Francesco Lin, "Princeton University" Kathryn Mann, "Brown University" Davi Maximo, "University of Pennsylvania" Barna Saha, "University of Massachusetts, ...
https://en.wikipedia.org/wiki?curid=12637991
Sloan Research Fellowship Kenkel, "University of Southern California" Wei Liu, "University of California, Riverside" Laure Resplandy, "Princeton University" Mark Torres, "Rice University" Muyinatu Bell, "Johns Hopkins University" Meng Cheng, "Yale University" Eduardo H. da Silva Neto, "University of California, Davis" ...
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Sloan Research Fellowship Hargrove, "Duke University" Kelsey Hatzell, "Vanderbilt University" Marta Hatzell, "Georgia Institute of Technology" Frank Leibfarth, "University of North Carolina, Chapel Hill" Steffen Lindert, "Ohio State University" Andrew McNally, "Colorado State University" Raymond E. Moellering, "The Uni...
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Sloan Research Fellowship Louis" Joseph Parker, "California Institute of Technology" Ann Tate, "Vanderbilt University" Michael Carbin, "Massachusetts Institute of Technology" Anna Choromanska, "New York University" Christina Delimitrou, "Cornell University" Stefano Ermon, "Stanford University" Sanjam Garg, "University ...
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Sloan Research Fellowship Matthew Weinberg, "Princeton University" Jenna Wiens, "University of Michigan" Mohammad Akbarpour, "Stanford University" Luigi Bocola, "Stanford University" Emily Breza, "Harvard University" Gabriel Chodorow-Reich, "Harvard University" Benjamin Faber, "University of California, Berkeley" Cecil...
https://en.wikipedia.org/wiki?curid=12637991
Sloan Research Fellowship Elgindi, "University of California, San Diego" Peter Hintz, "Massachusetts Institute of Technology" Robert Hough, "Stony Brook University" Hao Huang, "Emory University" Sebastian Hurtado-Salazar, "The University of Chicago" Aleksandr Logunov, "Princeton University" Linquan Ma, "Purdue Universi...
https://en.wikipedia.org/wiki?curid=12637991
Sloan Research Fellowship Murat Eren (Meren), "The University of Chicago" Jeremy Owens, "Florida State University" Jacqueline Padilla-Gamiño, "University of Washington" Chelsea Rochman, "University of Toronto" Amina Schartup, "University of California, San Diego" Daniel Stolper, "University of California, Berkeley" Jen...
https://en.wikipedia.org/wiki?curid=12637991
Economic Development and Cultural Change (EDCC) publishes studies that use modern theoretical and empirical approaches to examine both the determinants and the effects of various dimensions of economic development and cultural change. It covers all aspects of the economics of developing countries, including education r...
https://en.wikipedia.org/wiki?curid=12642525
Service innovation is used to refer to many things. These include but not limited to: The Finnish research agency TEKES defines service innovation as "a new or significantly improved service concept that is taken into practice. It can be for example a new customer interaction channel, a distribution system or a technol...
https://en.wikipedia.org/wiki?curid=12643716
Service innovation (2003) states it as a "new or considerably changed service concept, client interaction channel, service delivery system or technological concept that individually, but most likely in combination, leads to one or more (re)new(ed) service functions that are new to the firm and do change the service/goo...
https://en.wikipedia.org/wiki?curid=12643716
Service innovation Innovation researchers have, for this reason, stressed that much service innovation is hard to capture in traditional categories like product or process innovation. The co-production process, and the interactions between service provider and client, can also form the focus of innovation. A growing nu...
https://en.wikipedia.org/wiki?curid=12643716
Service innovation Ian Miles of the Manchester Institute of Innovation Research (MIoIR), The University of Manchester, is one of the scholars on the study of 'Service Innovation'. He coined the term in his 1993 article in the journal "FUTURES", (Vol. 25, No. 6, pp. 653–672,) . He listed a series of characteristic featu...
https://en.wikipedia.org/wiki?curid=12643716
Service innovation Most of PSS systems focus on ‘human-generated or human-related data’ instead of ‘machine-generated data or industrial data’, which may include machine controllers, sensors, manufacturing systems, etc. Early work using web-based product monitoring for remote product services including GM OnStar Telema...
https://en.wikipedia.org/wiki?curid=12643716
Service innovation Few economic development agencies at the member state level, and fewer still at the regional level, have translated this new thinking on services innovation into policy action. Finland is an exception, where knowledge intensive business services have been a focus of much regional work (esp. the Uusim...
https://en.wikipedia.org/wiki?curid=12643716
Service innovation The results of this suggest that very few regions in France, the UK and Ireland have an explicit focus on services and innovation. Many do, however, express a desire to address this issue in the coming future.
https://en.wikipedia.org/wiki?curid=12643716
CBV Total is a stock market index indicating the performance of Vietnam's stock markets. It shows all stocks that are listed in the two Vietnam trading markets, the Hanoi Securities Trading Center and Hochiminh Stock Exchange. It includes all stocks in CBV Index (or CBV LargeCap), CBV MidCap and CBV SmallCap.
https://en.wikipedia.org/wiki?curid=12656896
Friedman–Savage utility function The is the utility function postulated in the theory that Milton Friedman and Leonard J. Savage put forth in their 1948 paper. They argued that the curvature of an individual's utility function differs based upon the amount of wealth the individual has. This variably curving utility fun...
https://en.wikipedia.org/wiki?curid=12661785
The labor problem "The labor problem" is the economics term widely used toward the turn of the 20th century with various applications. It has been defined in many ways, such as "the problem of improving the conditions of employment of the wage-earning classes." encompasses the difficulties faced by wage-earners and emp...
https://en.wikipedia.org/wiki?curid=12672071
The labor problem Many also attribute the end of the problem to the end of the 1920s. This has some merit but is also open to interpretation. Reforms began to pass to correct many of the problems but reforms continued to pass well into the 1930s, 1940s and 1950s. The civil rights movement took over in the United States...
https://en.wikipedia.org/wiki?curid=12672071
The labor problem For example, the steel industry was mainly concerned with being phased out due to technological advances while other industries, namely textiles, had problems with child labor and working conditions. The variety of problems and concerns led to legislation being passed, which covered different areas an...
https://en.wikipedia.org/wiki?curid=12672071
The labor problem Child Labor laws have also been reformed, limiting the age at which children can begin work and what type of work they can perform. The Department of Labor was established in 1913. While some pieces of legislation like the aforementioned Wagner Act and Fair Labor Standards Act were not passed until th...
https://en.wikipedia.org/wiki?curid=12672071
Inflationary spike An inflationary spike occurs when a particular section of the economy experiences a sudden price rise possibly due to external factors. For example, if a large amount of crop is destroyed, the value of the remaining crop will rise sharply. This will distort the overall measure of inflation (headline ...
https://en.wikipedia.org/wiki?curid=12674844
Reverse greenshoe A reverse greenshoe is a special provision in an IPO prospectus, which allows underwriters to sell shares back to the issuer. If a 'regular' greenshoe is, in fact, a call option written by the issuer for the underwriters, a reverse greenshoe is a put option. has exactly the same effect on the share pr...
https://en.wikipedia.org/wiki?curid=12676367
Kaldor's facts are six statements about economic growth, proposed by Nicholas Kaldor in his article of 1957. He described these as "a stylised view of the facts", which coined the term "stylized fact." Nicholas Kaldor summarized the statistical properties of long-term economic growth in an influential 1957 paper. He po...
https://en.wikipedia.org/wiki?curid=12676903
Commodity value In the field of economics, the commodity value of a good is its free market intrinsic value under optimal use conditions. In a free market, the commodity value of a good will be reflected by its price. For example, if an acre of land can yield a net of 100 dollars loss by lying fallow, 50 dollars gain b...
https://en.wikipedia.org/wiki?curid=12677680
Commodity value Non-collateralized debt, on the other hand, does not have a commodity value; it is valuable only insofar as it is repaid. is an important consideration in hedging against inflation. Whereas fiat currencies can devalue, often catastrophically, currencies with considerable commodity value are known to bet...
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Seasoned equity offering A seasoned equity offering or secondary equity offering (SEO) or capital increase is a new equity issue by an already publicly traded company. Seasoned offerings may involve shares sold by existing shareholders (non-dilutive), new shares (dilutive) or both. If the seasoned equity offering is ma...
https://en.wikipedia.org/wiki?curid=12681151
Displacement receiver A displacement receiver is a device that responds to or is sensitive to directed distance (displacement). Examples of displacement receivers include carbon microphones, strain gauges, and pressure sensors or force sensors, which, to within an appropriate scale factor, respond to distance. In music...
https://en.wikipedia.org/wiki?curid=12685721
The Coming China Wars The Coming China Wars: Where They Will Be Fought, How They Can Be Won is a book by Peter Navarro published by FT Press in (2006). Navarro examines China as an emerging world power confronting challenges at home and abroad as it struggles to exert itself in the global market. He also investigates h...
https://en.wikipedia.org/wiki?curid=12685803
Rahul Mohindar oscillator The (RMO) is a type of technical analysis indicator developed by Rahul Mohindar of Viratech India. It detects trends in financial markets, and is designed to work on open-high-low-close charts for a wide variety of securities including stocks, commodities and forex. This analysis is most notab...
https://en.wikipedia.org/wiki?curid=12688236
Qualified prospect A prospect is an organization or potential client who resembles the sellers ideal customer profile but has not yet expressed interest in their products or services. A qualified lead is an organization or potential client which has expressed interest in the products or services of the seller. There is...
https://en.wikipedia.org/wiki?curid=12693300
Qualified prospect It is the first part of a sales process. After this step, the lead qualification, follow-up and sales activity start.
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A Demon of Our Own Design A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation (2007) is a book by veteran Wall Street risk manager Richard Bookstaber. The book is noted for its foreshadowing of the financial crisis of 2007–08. Bookstaber had a "a front-row seat" for such crises as th...
https://en.wikipedia.org/wiki?curid=12713465
A Demon of Our Own Design " The book, in fact, "provides a warning about injudiciously applying advanced quantitative techniques to investment instruments". The dust jacket carries a detail of "The Fall of Icarus," by Jacob Peter Gowy.
https://en.wikipedia.org/wiki?curid=12713465
Market for corporate control The market for corporate control is the role of equity markets in facilitating corporate takeovers. This was first described in an article by HG Manne, "Mergers and the Market for Corporate Control". According to Manne: In this way the market for corporate control could magnify the efficacy...
https://en.wikipedia.org/wiki?curid=12746455
Trade date is the date on which security trade occurs. A trade done very early or very late falls on the previous or following trade date. This occurs because in the international market a trade conducted in (e.g.) Japanese equities at in London needs to effectively be considered as the following day for Japanese stock...
https://en.wikipedia.org/wiki?curid=12751573
Turnaround stock A turnaround stock is a share with a high P/E ratio but low price-to-book ratio.
https://en.wikipedia.org/wiki?curid=12751668
EV/Ebitda Enterprise value/EBITDA (more commonly referred to by the acronym EV/EBITDA) is a popular valuation multiple used in the finance industry to measure the value of a company. It is the most widely used valuation multiple based on enterprise value and is often used in conjunction with, or as an alternative to, t...
https://en.wikipedia.org/wiki?curid=12755873
Evolutionarily stable set In game theory an evolutionarily stable set (ES set), sometimes referred to as evolutionary stable sets, is a set of strategies, which score equally against each other, each of which would be an evolutionarily stable strategy (ESS) were it not for the other members of the set. ES sets were fir...
https://en.wikipedia.org/wiki?curid=12760946
Mega Brands America Mega Brands America, Inc., formerly known as Rose Art Industries, LLC, is an American arts and stationery company based in Irvine, California. It sells products primarily under the brands RoseArt, The Board Dudes, The Write Dudes, USA Gold, Moon Products, MEGA Puzzles and Fuzzy Poster. It is owned b...
https://en.wikipedia.org/wiki?curid=12768744
Mega Brands America In September 2006, the former owners of Rose Art Industries filed suit against Mega Brands, alleging insider trading by company executives in 2005 and 2006. MEGA Brands counter sued and in November 2009 the parties settled. The Rosens agreed to pay back $17.2 million and forgo claims of an additiona...
https://en.wikipedia.org/wiki?curid=12768744
Technographic segmentation is a market research analysis tool used to identify and profile the characteristics and behaviors of consumers through the process of market segmentation. Traditionally market researchers focused on various demographic, psychographic, and lifestyle schemes to categorize and describe homogeneo...
https://en.wikipedia.org/wiki?curid=12784352
Technographic segmentation as well as measures of a person's fundamental values and lifestyle perspective." The concept has been adopted by Forrester Research, Inc. as a research service for information-technology and marketing professionals, business strategists, and technology industry executives. Technographics has ...
https://en.wikipedia.org/wiki?curid=12784352
Play value is the essential value of a toy or game for play. The term is frequently employed in the field of child development and playwork for the assessment of toys, games, equipment and spaces. When they are fun and engaging, playthings and spaces are said to have play value; those that are quickly discarded or are ...
https://en.wikipedia.org/wiki?curid=12790263
Play value Another good example is polymer clay which may be used for sculpting hand-shaped items, such as beads, jewelry, and charms. Children need to be in charge of their own play activity. According to PBS' The Whole Child Web site when adults plan the play activity and structure the outcome of playtime it is far l...
https://en.wikipedia.org/wiki?curid=12790263
Play value According to author Cathrine Neilsen-Hewett, while often stimulating, engaging and fun, these toys should never become a substitute for traditional play activities such as drawing, pretending, or block building. Instead, electronic games are best thought of as adding to or reinforcing other kinds of play, an...
https://en.wikipedia.org/wiki?curid=12790263
Play value from a child development perspective is enhanced by toys and games that help children develop skills useful for further learning and mastery such as Scrabble and The Game of Life In playwork terms - play value is the individual child's subjective assessment of the space and the equipment available to them, r...
https://en.wikipedia.org/wiki?curid=12790263
Columbia–Chicago School of Economics The refers to a group of economists at Columbia University and the University of Chicago that helped to develop the empirical foundations of human capital theory, consequently revolutionizing the field of labor economics. Leading members of the group include Jacob Mincer and Nobel L...
https://en.wikipedia.org/wiki?curid=12791352
Enterprise information access refers to information systems that allow for enterprise search; content classification; content clustering; information extraction; enterprise bookmarking; taxonomy creation and management; information presentation (for example, visualization) to support analysis and understanding; and des...
https://en.wikipedia.org/wiki?curid=12799096
Middle Class Millionaire The Middle-Class Millionaire: The Rise of the New Rich and How They are Changing America (Doubleday) is a book that chronicles the evolution of America’s middle-class over the last twenty years, and at how a portion of the middle-class is pulling away from the rest by amassing significant wealt...
https://en.wikipedia.org/wiki?curid=12827586
Middle Class Millionaire The Influence of Affluence: Because the middle-class millionaire is both willing and able to try new things (products, services, places and ways to live, etc.) they are an important indicator for how the world might be changing in the years to come. As Milton Friedman, the Nobel Prize–winning e...
https://en.wikipedia.org/wiki?curid=12827586
Barbarians Led by Bill Gates Barbarians Led by Bill Gates: Microsoft from the Inside is a book that was jointly written by Jennifer Edstrom and Marlin Eller, an American programmer who was a manager and a software developer at Microsoft Corporation from 1982–95, and development lead for the Graphics Device Interface (G...
https://en.wikipedia.org/wiki?curid=12829084
InHour is a unit of reactivity of a nuclear reactor. It stands for the inverse of an hour. It is equal to the inverse of the period in hours. One is the amount of reactivity needed to increase the reaction from critical to where the power will increase by a factor of e in one hour. The unit is abbreviated ih or inhr, a...
https://en.wikipedia.org/wiki?curid=12830079
Microfoundations In economics, the microfoundations are the microeconomic behavior of individual agents, such as households or firms, that underpins an economic theory. Most early macroeconomic models, including early Keynesian models, were based on hypotheses about relationships between aggregate quantities, such as a...
https://en.wikipedia.org/wiki?curid=12837061
Microfoundations For this reason, many empirical studies have attempted to measure the marginal propensity to consume, and macroeconomists have also studied alternative microeconomic models (such as models of credit market imperfections and precautionary saving) that might imply a higher marginal propensity to consume....
https://en.wikipedia.org/wiki?curid=12837061
Global Cosmopolitans refers to "a talented population of highly educated multilingual people that have lived, worked and studied for extensive periods in different cultures. While their international identities have diverse starting points and experiences, their views of the world and themselves are profoundly affected...
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SPI 200 futures contract The SPI 200 Futures contract is the benchmark equity index futures contract in Australia, based on the S&P/ASX 200 Index. It provides all the traditional benefits of equity index derivatives. The SPI 200 is ranked in the top 10 equity index contracts in Asia in terms of traded volume. Quarterly...
https://en.wikipedia.org/wiki?curid=12847753
The Wages of Destruction is a non-fiction book detailing the economic history of Nazi Germany. Written by Adam Tooze, it was first published by Allen Lane in 2006. "The Wages of Destruction" won the Wolfson History Prize and the 2007 Longman/History Today Book of the Year Prize. It was published to critical praise from...
https://en.wikipedia.org/wiki?curid=12847755
Local income tax in Scotland Several political parties have advocated a local income tax in Scotland as an alternative to the Council Tax, as part of funding for local authorities. Various proposals were promoted during the 2007 general election campaign. In 2004, the Scottish Socialist Party launched a "Scrap the Coun...
https://en.wikipedia.org/wiki?curid=12849331
Local income tax in Scotland After the 2007 election, the SNP-run Scottish Government planned to bring forward legislation to replace Council Tax with a local income tax as part of the funding for Scottish local authorities. A major setback took place when the UK government said it would withhold almost £400 million in...
https://en.wikipedia.org/wiki?curid=12849331
Senior stretch loan A senior stretch loan, or overadvance loan, is a hybrid debt instrument consisting of both asset-based loan and cash flow loan. Such loans are suitable for two types of companies: For both types, the senior stretch debt structure takes advantage of the combination of the company's assets and cash fl...
https://en.wikipedia.org/wiki?curid=12869165
The End of Work The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era is a non-fiction book by American economist Jeremy Rifkin, published in 1995 by Putnam Publishing Group. In 1995, Rifkin contended that worldwide unemployment would increase as information technology eliminated te...
https://en.wikipedia.org/wiki?curid=12882572
The End of Work Autonomist political philosopher George Caffentzis concluded that Rifkin's argument is flawed because it is based on a technological determinism that does not take into account the dynamics of employment and technological change in the capitalist era. It is also argued that Rifkin's historical analysis ...
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The End of Work Historically, innovation that obsoletes existing jobs and technologies has not created permanent unemployment, but has instead opened jobs in new industries and moved jobs from agriculture to industry and the service sector. This process is known as creative destruction.
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Eugen Fink (11 December 1905 – 25 July 1975) was a German philosopher. Fink was born in 1905 as the son of a government official in Germany. He spent his first school years with an uncle who was a Catholic priest. Fink attended a grammar school in Konstanz where he succeeded with his extraordinary memory. After his gra...
https://en.wikipedia.org/wiki?curid=12886765
Cash flow loan A cash flow loan is a type of debt financing, in which a bank lends funds, generally for working capital, using the expected cash flows that a borrowing company generates as collateral for the loan. Cashflow loans are usually senior term loans or subordinated debt, being used for funding growth or financ...
https://en.wikipedia.org/wiki?curid=12889951
Public private dialogue A public–private dialogue (PPD) is a dialogue between the public sector and the private sector. More specifically, PPD is a process, which might include competitiveness partnerships, investors’ advisory councils, presidential investment councils, business forums, water forums, public-private all...
https://en.wikipedia.org/wiki?curid=12911561
Public private dialogue The most beneficial PPDs arise between a particular industry or value chain in the private sector and those in government responsible for regulating that area of the economy, as they provide more focus and opportunities for action. Although this could seem as a form of industrial policy, PPD emp...
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Public private dialogue Last, but not least is the "free rider" problem: this refers to difficulty of persuading people to join a group, when the benefits accrue to members are non-members alike.
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Letter of resignation A letter of resignation is written to announce the author's intent to leave a position currently held, such as an office, employment or commission. Such a letter will often take legal effect to terminate an appointment or employment, as notice under the relevant terms of the position; many appoint...
https://en.wikipedia.org/wiki?curid=12940923
Letter of resignation In any case, the terms of the letter and its consequences may often be negotiated, either before or after delivery. A formal letter with minimal expression of courtesy is then-President Richard Nixon's letter of resignation under the terms of a relatively unknown law passed by Congress March 1, 17...
https://en.wikipedia.org/wiki?curid=12940923
Hard landing (economics) A hard landing in the business cycle or economic cycle, is an economy rapidly shifting from growth to slow-growth to flat as it approaches a recession, usually caused by government attempts to slow down inflation. It is distinguished from a "soft landing", in which an economy's growth rate slow...
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Net reproduction rate In population ecology and demography, the net reproduction rate, "R", is the average number of offspring (often specifically daughters) that would be born to a female if she passed through her lifetime conforming to the age-specific fertility and mortality rates of a given year. This rate is simil...
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Gross reproduction rate The gross reproduction rate (GRR) is the average number of daughters a woman would have if she survived all of her childbearing years, which is roughly to the age of 45, subject to the age-specific fertility rate and sex ratio at birth throughout that period. This rate is a measure of replacemen...
https://en.wikipedia.org/wiki?curid=12983678
Colonial surplus A colonial surplus is a way of measuring the effects of the relationship between colony and metropolis. A colony, in the sense of a region being ruled by a foreign overseas power, was in a different position from that of an independent country. As Maddison remarked some time ago of India, ‘The major bu...
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Colonial surplus The export surplus must be particularly large for it has to pay real expenses such as insurance and freight of the goods exported which may not be part of the colonial surplus. But it is better if there is a Balance of Payments account for the colony. Better still if this can be supported by statistics...
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Colonial surplus They have to be sought for elsewhere. All but one of these items above deal with international transactions (or should do). The exception to this would be the inclusion of incomes made in the colony by non-indigenous private persons and businesses. Further items might be added, such as the inclusion of...
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Modified Dietz method The modified Dietz method is a measure of the "ex post" (i.e. historical) performance of an investment portfolio in the presence of external flows. (External flows are movements of value such as transfers of cash, securities or other instruments in or out of the portfolio, with no equal simultaneo...
https://en.wikipedia.org/wiki?curid=13034946
Modified Dietz method The original idea behind the work of Peter Dietz was to find a quicker, less computer-intensive way of calculating an IRR as the iterative approach using the then quite slow computers that were available was taking a significant amount of time; the research was produced for BAI, Bank Administratio...
https://en.wikipedia.org/wiki?curid=13034946
Modified Dietz method If the flow happens at the beginning of the day, the flow is in the portfolio for an additional day, so use the following formula for calculating the weight: The modified Dietz method has the practical advantage over the true time-weighted rate of return method, in that the calculation of a modifi...
https://en.wikipedia.org/wiki?curid=13034946
Modified Dietz method It approximates the internal rate of return method, which applies a compounding principle, but if the flows and rates of return are large enough, the results of the will significantly diverge from the internal rate of return. The modified Dietz return is the solution formula_16 to the equation: wh...
https://en.wikipedia.org/wiki?curid=13034946
Modified Dietz method The simple Dietz method is a special case of the Modified Dietz method, in which external flows are assumed to occur at the midpoint of the period, or equivalently, spread evenly throughout the period, whereas no such assumption is made when using the Modified Dietz method, and the timing of any e...
https://en.wikipedia.org/wiki?curid=13034946
Modified Dietz method 1m HKD on 30 December, one day before the end of the year, is 1/366, and the average capital is calculated as: and the gain is: so the modified Dietz return is calculated as: So which is the correct return, 1 percent or 366 percent? The only sensible answer to the example above is that the holding...
https://en.wikipedia.org/wiki?curid=13034946
Modified Dietz method Assuming transactions take place at the start of the day, what is the modified Dietz holding-period return in HKD for this bond holding over the year to-date until the end-of-day on 17 November? The answer is that firstly, the reference to the holding period year to-date until the end-of-day on 17...
https://en.wikipedia.org/wiki?curid=13034946
Modified Dietz method The investor applies a buy-and-hold strategy, and there are no further transactions for the remainder of the year. At the end of the year, the shares have increased in value by 10% to $8,800, and $100 interest is capitalized into the cash account. What is the return on the portfolio over the year?...
https://en.wikipedia.org/wiki?curid=13034946
Modified Dietz method For convenience, we will assume the time weight of the outflow of $8,000 cash to pay for the shares is exactly 1/4. This means that the four quarters of the year are treated as having equal length. The average capital of the cash account is: The average capital of the shares over the last quarter ...
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Modified Dietz method The answer is to use the return on the shares over the unadjusted full-year period to calculate the contribution: Then the contribution from the shares to the portfolio return is: This does not mean that the correct holding period return on the shares is 40 percent, but for calculation of the cont...
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Modified Dietz method The linked modified Dietz method is classed as a time-weighted method, but it does not produce the same results as the true time weighted method, which requires valuations at the time of each cash flow. There are sometimes difficulties when calculating or decomposing portfolio returns, if all tran...
https://en.wikipedia.org/wiki?curid=13034946
Modified Dietz method During the same day, another stock is purchased for $110, closing with a value of $120. The returns on each stock are 10% and 120/110 - 1 = 9.0909% (4 d.p.) and the portfolio return is 20%. The asset weights "w" (as opposed to the time weights "W") required to get the returns for these two assets ...
https://en.wikipedia.org/wiki?curid=13034946
Modified Dietz method This is equivalent to the sum of constituent contributions, where the contributions are based on simple returns and weights depending on start values. For example, in a scenario where only part of the holdings are sold, for significantly more than the total starting value, relatively early in the ...
https://en.wikipedia.org/wiki?curid=13034946
Modified Dietz method Combined with Modified Dietz contributions for other assets, the sum of constituent contributions will fail to add up to the overall return. Another situation in which average capital can be negative is short selling. Instead of investing by buying shares, shares are borrowed and then sold. A decl...
https://en.wikipedia.org/wiki?curid=13034946
Association of Booksellers for Children The (ABC) is an American non-profit trade association whose mission is to support the business of independent children's bookselling and the creation of quality children's books. The membership of the organization is made up of independent children's booksellers, publishers, auth...
https://en.wikipedia.org/wiki?curid=13037670
U.S. prime rate In general, the United States prime rate runs approximately 300 basis points (or 3 percent) above the federal funds rate. The Federal Open Market Committee (FOMC) meets eight times per year wherein they set a target for the federal funds rate. Other rates, including the prime rate, derive from this base...
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Bert Mosselmans (born 1969) is a professor of economics and philosophy. He was the dean of Vesalius College, Brussels, Belgium from 2007 until 2014. He is professor of economics and philosophy at University College Roosevelt, Middelburg, the Netherlands. He received an MSc in Business Engineering (1992), an MA in philo...
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Brazilian disease is a phrase in economics to describe the situation in which the Brazilian real has strengthened (trading at around R$1.95 to the US dollar) on high prices for commodities such as soybeans, making Brazilian exports of manufactured goods uncompetitive in foreign markets. The term was coined to compare t...
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The Myth of the Rational Voter The Myth of the Rational Voter: Why Democracies Choose Bad Policies is a 2007 book by the economist Bryan Caplan, in which the author challenges the idea that voters are reasonable people whom society can trust to make laws. Rather, Caplan contends that voters are irrational in the politi...
https://en.wikipedia.org/wiki?curid=13081323