... rolled against one, only the bigger ofthe results ofthe throw ofthe two dice counts If the defender’s throw is at least as high as the attacker’s then defender wins In other words, for attacker ... where the payoffs are given for the player whose strategies are recorded in the first column ofthe matrix (The other player’s strategies are recorded in the first row ofthe matrix.) Sometimes the ... equilibrium point then the pay-offs for the players at each of those have to agree That allows us to speak ofthe (unique) value ofthe game, namely the entry in the matrix defined by the equilibrium...
... agency theory and the transaction costs theory as a theoryof economic organization rather than as a theoryof entrepreneurship A separate line of thinking in thetheoryofthe firm is the dynamic ... not the focus of that theoryThetheoryofthe firm is preoccupied with the functioning ofthe corporate enterprise in the context of market structures and competition processes In the wake of ... framework ofthe agency theory and thetheoryof asymmetric information The question goes into the heart ofthe present theory, into the paradigm on which it is based This paradigm is the famous...
... and proves the consistency ofthe resulting NL2S estimator by a modification ofthe proof of Amemiya (1974) 5.1.4 Tests of hypotheses I will consider the test ofthe hypothesis ofthe form h(a) ... considered the estimation ofthe parameters of a single equation in the system of simultaneous equations Now, I will consider the estimation of all the parameters ofthe system The equations ofthe ... exactly holds in thelinear case The practical consequence ofthe approximation (2.24) is that all the results for thelinearregression model are asymptotically valid for the non -linear regression...
... k e ) PO = the current price ofthe stock DIV1 = the dividend paid at the end of year ke = the required return on investment in equity P1 = the sale price ofthe stock at the end ofthe first ... Pt + C Pt R = the rate of return on the security Pt+1 = price ofthe security at time t+1, the end ofthe holding period Pt = price ofthe security at time t, the beginning ofthe holding period ... expectations for the efficient market condition to hold Rationale Behind theTheory Rof > R* ⇒ Pt ↑ ⇒ Rof ↓ Rof < R* ⇒ Pt ↓ ⇒ Rof ↑ until Rof = R* In an efficient market all unexploited profit opportunities...
... System, The Miracle of Creation in Plants, The Miracle in the Atom, The Miracle in the Honeybee, The Miracle of Seed, The Miracle of Hormone, The Miracle ofthe Termite, The Miracle ofthe Human ... Struggle ofthe Messengers, The Avowed Enemy of Man: Satan, The Greatest Slander: Idolatry, The Religion ofthe Ignorant, The Arrogance of Satan, Prayer in the Qur'an, TheTheoryof Evolution, The ... Ignorance, The Green Miracle: Photosynthesis, The Miracle in the Cell, The Miracle in the Eye, The Miracle in the Spider, The Miracle in the Gnat, The Miracle in the Ant, The Miracle ofthe Immune...
... more frequently than theoryof evolution” in the scientific literature Why does the phrase theoryof evolution” appear nearly 16 times as frequently as theoryof ecology” in the scientific literature ... eschew the phrase thetheoryof evolution.” Granted, evolution is a theoretically more cohesive field than ecology: Genes, the fundamental units of evolution, are uniquely defined in terms of their ... Thus no unifying theoryof everything” lies just beyond the horizon of evolutionary theory By removing thetheoryof evolution” from our lexicon, we ultimately ensure that the lay public is not...
... THE CONCEPT OFTHE VALUE OF MONEY Subjective and Objective Factors in theTheoryofthe Value of Money The Objective Exchange-Value of Money The Problems Involved in theTheoryofthe Value of ... to the more abstract parts ofthetheoryofthe value of money Professor von Mises shares with Marshall and one or two others the merit of having assimilated the treatment of this theory to the ... POLICY THE MONETARY POLICY OF ETATISM The Monetary Theoryof Etatism National Prestige and the Rate of Exchange The Regulation of Prices by Authoritative Decree The Balance -of- Payments Theory...
... Banks The Task Force was chaired by Ulrich Bindseil The coordination and editing ofthe report was carried out by the Secretary ofthe Task Force, Han van der Hoorn The full list of members ofthe ... a general recovery of downgraded bonds after the initial sell-off A further argument is that, even if the bulk ofthe distribution appears normal, the returns in the tail ofthe distribution, ... FORCE OFTHE MARKET OPERATIONS COMMITTEE OFTHE EUROPEAN SYSTEM OF CENTRAL BANKS This report was drafted by an ad hoc Task Force ofthe Market Operations Committee ofthe European System of Central...
... researchers publish with commercial presses These books are not available from RAND but can be requested directly from the publisher, except in cases where the rights have reverted to RAND and we...
... called “clumps” and these clusters were called “B-clumps.” APPLICATIONS OFTHETHEORYOF CLUMPS ing, not for the absence of 0's in the top left section, but for the absence of 1's in the top right ... some way Instead of taking all the clusters generated by the keywords concerned, APPLICATIONS OFTHETHEORYOF CLUMPS we could try taking the intersection ofthe sets generated by the keywords, ... choice ofthe pieces we take out ofthe existing classifications, but the use that we are going to make of them is such that the particular details are not important, and so the problem of whether...
... estimation of w as learning to undo that damage In the remainder ofthe paper, we use the general term “M-estimation” to refer to the minimization of (w) as a way of training a log -linear model ... substructures can be computed as products of probabilities of rules appearing within the structure, factoring in the o value ofthe structure’s root and the i values ofthe structure’s leaves 4.2 ∂ =− ... denoting the beginning, inside, and outside of noun phrases Each state emits a tag and a word (independent of each other given the state) We replaced the first occurrence of every tag and of every...
... is to prevail.[21] The effect ofthe adoption by the Supreme Court ofthe United States ofthe New York theoryofthe Police Power was to vest in the judiciary, by the use of this catch-word, ... nations, the regulation ofthe currency is one ofthe most jealously guarded ofthe prerogatives of sovereignty, because all values hinge upon the relation which the volume ofthe currency bears to the ... "And the men ofthe city went out and fought with Joab; and there fell some ofthe people ofthe servants of David; and Uriah the Hittite died also But the thing that David had done displeased the...
... has forgotten the questions Thetheoryofthe business becomes “culture.” But culture is no substitute for discipline, and thetheoryofthe business is a discipline Thetheoryofthe business ... questioned their customers constantly, studied them, surveyed them But they paid no attention to the 70% ofthe market who were not their customers They saw no reason why they should Their theoryofthe ... company gets paid for They are what I call a company’s theoryofthe business Every organization, whether a business or not, has a theoryofthe business Indeed, a valid theory that is clear,...
... immediately to the output of goods as its source of gain, but to the alterations ofTheTheoryof Business Enterprise 14 TheTheoryof Business Enterprise values involved in disturbances ofthe balance, ... proportioned to the length of time involved TheTheoryof Business Enterprise 38 TheTheoryof Business Enterprise This follows from the peculiar nature ofthe work which these great captains of industry ... "natural" scheme of things, in which all things should work together for the welfare of mankind The theory, or what there is in the way of a theory, of business capital in the received body of doctrines...
... made the wealth of these countries available for the development ofthe rest ofthe world The savings ofthe few advanced capitalistic countries of a small part of Europe have called into being the ... departure from the old legal gold parity ofthe currency unit and, above all, a reduction ofthe burden ofthe debtor at the cost ofthe creditor, even though the principal aim ofthe measures ... credit), then the settlement ofthe bargain, or the fulfillment ofthe seller's part of it (which need not be the same thing), has no obvious connection with the fulfillment ofthe buyer's part The...
... mistaken for either the one or the other ofthe two former The hurried recitation ofthe chant, the rhythmical progression ofthe hymntune, and the varied configurations ofthe anthem all indicate ... the second phrase in a different order The result of this rearrangement ofthe figures is to change the effect THETHEORYOF MUSIC i8 and the purpose ofthe two phrases The melodies of each these ... explores the legendary seas ofthe silent North, another basks in the sunny South; but they all the fantastic and the somber, the tragic and the gay fashion their works on some model of form CHAPTER...
... suggest that they may interact with the ‘roof’ and ‘floor’ of a hypothetical ‘verdin binding site’, with the nicotinamide ring forming part ofthe floor If the bound conformation is helical, there would ... Franklin et al A Probing the verdin site of BVR-A and -B Fig Spectra ofthe BVR-A catalysed reactions ofthe locked conformers of biliverdin-IXa The spectra ofthe fixed isomers are shown in (A) 15Z-syn ... number ofmodels for cytoprotection, and subsequently, there has been an increasing interest in the enzymes of tetrapyrrole metabolism The two downstream products of haem oxygenase activity, the linear...
... 0-470-84576-7 (Electronic) Part One THEORY A unified treatment ofthetheoryof Raman scattering by molecules The Raman Effect: A Unified Treatment oftheTheoryof Raman Scattering by Molecules ... The scattered intensity is proportional (a) to the square ofthe number of scattering molecules and (b) to the square ofthe irradiance ofthe incident radiation at ω1 and to the irradiance of ... from the use merely of reference numbers in the text More complete lists of publications are provided in the section entitled Further Reading, located at the end ofthe book The writing of this...