... ratio andthe classic risk–return relationships of arbitragepricing theory andthe capital asset pricing model. The second hypothesis concerns theperceptionof time. I conjecture thatin times of ... QUANTITATIVEFINANCE The perceptionof time, risk and return during periods of speculation The ratio between a tick of intrinsic timeand a second of calendar time varies from stock to stock, depending on the ... Vconsisting of w shares of ˜P and 1−w shares ofthe riskless bondB, choosing w so that V and S have the same intrinsic -time risk, and, therefore, the same intrinsic -time expected return.Repeating the...
... Complexity, Teleology, andthe Arrow of Time 199 The many-universes theory neatly solves the problem ofthe origin of the arrow of time. The wave function as a whole can be completely time- symmetric, ... percent ofthe nuclear matter was in the form of iso-lated protons – the nuclei of hydrogen. Hydrogen is the fuel ofthe stars. Itdrives the processes that generate most ofthe entropy in the universe ... provided by the Second Law, and have seen the naked purposelessness of nature. The deep structure of change isdecay; the spring of change in all its forms is the corruption ofthe quality of energyas...
... food stocks, andthe mood ofthe garrison. The tactics of the Daily Mail captured the attention ofthe nation; the newspaperdramatized the situation ofthe town by emphasizing the danger that ... notions of Boer inhumanity towardAfricans, the pro-war argument ofthe ‘‘negrophilists.’’ The other cat-egory into which mentions of Africans fall is praise ofthe loyalty of the Cape Boys andthe ... MafekingNight andthe following day, they were ‘‘everyone’’ and ‘‘London’’ and even ‘‘England.’’ They were created as a group by the newspapers, and this chapter examines the mechanism of their creation and...
... symbol ofthe eagle ontheir shields), and at the same time, like Zeus, a guardian of oaths. In the Zoroastrian faith as well, Mithra, one ofthe foremost gods, was similarly adeity both of war and ... (such as the booby-trapping of temples), the use of poison, the destroying of wells andthe sowing of dissension in the enemy’s ranks.46Thestruggleformoderationinwarhasbeenalongone – and one ... to the invasion of Greece a century and a halfearlier, and also accusing the present Persian king, Darius, of complicityin the assassination of his father andof aiding rebels against Alexanderwithin...
... DevelopmentEconomics, 1996 (Washington, DC: The World Bank).Chernow, Ron, 1997, The Death ofthe Banker. The Decline andthe Fall ofthe Great FinancialDynasties. The Triumph ofthe Small Investor (New York: ... publicly to the end-targets andthe timeframe. They should explain to the public the reasons for agreeing on lowerrequirements and that they hold institutions to the announced standards. This ... output stabilizes the flow of funds that firms need to re-appropriate at the end ofthe circuit process. In terms ofthe CTF model discussed above, the largerole ofthe state in the financial sector...
... for these countries the existence of cointegration could not be rejected. We therefore specify the VAR models in the level ofthe variables. Nevertheless, we neither impose the number of cointegrating ... countries: the fall of residential property prices is significantly different from zero even at the 95% level in Canada, Finland, the Netherlands, Norway, Sweden, Switzerland, the UK andthe US. ... significant and shorter-lived than the GDP decline in the other group. The reactions ofthe other variables to a monetary policy shock are essentially the same. A third important characteristic of the...
... professional colleagues on the world. The Association has the role of coordinating the activities ofthe members in order to protect the interests ofthe members and improve the position of ... to be renewed to facilitate export and import. The General Department of Customs, the Ministry of Trade and examining bodies, andthe Bureau of Standards and Measures should have consensus ... transaction standards andthe quality of business activities for enhancing the efficiency of export and import activities, expanding the external economic relations and co-operate with other country...
... question on the amount consumed in lians (50g/lian) per unit of time. A lian is the unit of weight in China equivalent to 50 g. The reproducibility and validity ofthe FFQ was assessed in a random ... of type 2 DM in four prospective studies [3;5-7]. The available data on the association between meat intake andthe risk of type 2 DM are limited to four health professionals cohorts andthe ... cross-sectional study and thus, may not be directly generalizable to the general population. To better understand the relationship between the intake of meat andthe risk of type 2 DM we prospectively...
... less than the level of HLA-DR in the cell lysates (5ul of a 1 in 10 dilution, from 2 x 106 PBMC). The shed HLA-DR therefore seemed to represent a small fraction ofthe total HLA-DR ofthe cell, ... Microbiology and Immunology from University of Leeds, and PhD in Immunology from University of Liverpool, where she worked on the expression of HLA-DR andthe characterisation ofthe monocyte ... Director of BPL for his his help and support, the staff ofthe ITU at the RLUHT in particular the research nurses, Neal Gratton and Andrea Fazakerley for recruiting patients into the study....
... toxoplasmosis is one ofthe most com-mon parasitic zoonoses worldwide. As for other zoonoses, veterinarians play an important role in the education ofthe human population regarding the risk of infection. ... perform the task, they should wear disposable gloves and wash their hands thoroughly with soap and wa-ter afterwards. Direct contact with cats is unlikely to result in transmission of toxoplasmosis ... any given time) contaminates the litter box. If the cat is allowed outside, it can contaminate the soil or water in the environment as well. Litter boxes should be cleaned daily and not placed...