Back-Running: Seeking and Hiding Fundamental Information in Order Flows*

2019 ◽  
Vol 33 (4) ◽  
pp. 1484-1533 ◽  
Author(s):  
Liyan Yang ◽  
Haoxiang Zhu
Keyword(s):  
Strategic Interaction ◽  
Order Flow ◽  
The Past ◽  
Fundamental Information ◽  
Flow Information ◽  
The Common ◽  
Institutional Order

Abstract We model the strategic interaction between fundamental investors and “back-runners,” whose only information is about the past order flow of fundamental investors. Back-runners partly infer fundamental investors’ information from their order flow and exploit it in subsequent trading. Fundamental investors counteract back-runners by randomizing their orders, unless back-runners’ signals are too imprecise. Surprisingly, a higher accuracy of back-runners’ order flow information can harm back-runners and benefit fundamental investors. As an application of the model, the common practice of payment for (retail) order flow reveals information about institutional order flow and enables back-runners to earn large profits. (JEL G14, G18)

Beyond Promoter: The Role of Macrophage in Invasion and Progression of Renal Cell Carcinoma

2020 ◽  
Vol 15 (7) ◽  
pp. 588-596
Author(s):  
Haibao Zhang ◽  
Guodong Zhu
Keyword(s):  
Renal Cell Carcinoma ◽  
Tumor Microenvironment ◽  
Cell Carcinoma ◽  
Renal Cell ◽  
Cell Formation ◽  
Biological Behavior ◽  
Tumor Stem Cell ◽  
The Past ◽  
The Common

Renal cell carcinoma (RCC) is one of the common urologic neoplasms, and its incidence has been increasing over the past several decades; however, its pathogenesis is still unknown up to now. Recent studies have found that in addition to tumor cells, other cells in the tumor microenvironment also affect the biological behavior of the tumor. Among them, macrophages exist in a large amount in tumor microenvironment, and they are generally considered to play a key role in promoting tumorigenesis. Therefore, we summarized the recent researches on macrophage in the invasiveness and progression of RCC in latest years, and we also introduced and discussed many studies about macrophage in RCC to promote angiogenesis by changing tumor microenvironment and inhibit immune response in order to activate tumor progression. Moreover, macrophage interactes with various cytokines to promote tumor proliferation, invasion and metastasis, and it also promotes tumor stem cell formation and induces drug resistance in the progression of RCC. The highlight of this review is to make a summary of the roles of macrophage in the invasion and progression of RCC; at the same time to raise some potential and possible targets for future RCC therapy.

Searching for Political Parties in the Past

2017 ◽  
Author(s):  
Piero Ignazi
Keyword(s):  
Eighteenth Century ◽  
Political Parties ◽  
Political Party ◽  
Ancient Greece ◽  
Political Community ◽  
Democratic Politics ◽  
The Political ◽  
The Past ◽  
The Common

Chapter 1 introduces the long and difficult process of the theoretical legitimation of the political party as such. The analysis of the meaning and acceptance of ‘parties’ as tools of expressing contrasting visions moves forward from ancient Greece and Rome where (democratic) politics had first become a matter of speculation and practice, and ends up with the first cautious acceptance of parties by eighteenth-century British thinkers. The chapter explores how parties or factions have been constantly considered tools of division of the ‘common wealth’ and the ‘good society’. The holist and monist vision of a harmonious and compounded society, stigmatized parties and factions as an ultimate danger for the political community. Only when a new way of thinking, that is liberalism, emerged, was room for the acceptance of parties set.

Can Groups Assert That P?

2019 ◽  
pp. 326-344
Author(s):  
Deborah Tollefsen
Keyword(s):  
Common Ground ◽  
Speech Act ◽  
Single Individual ◽  
Constitutive Rule ◽  
The Past ◽  
Group Members ◽  
The Common ◽  
Declarative Statement ◽  
John Macfarlane

When a group or institution issues a declarative statement, what sort of speech act is this? Is it the assertion of a single individual (perhaps the group’s spokesperson or leader) or the assertion of all or most of the group members? Or is there a sense in which the group itself asserts that p? If assertion is a speech act, then who is the actor in the case of group assertion? These are the questions this chapter aims to address. Whether groups themselves can make assertions or whether a group of individuals can jointly assert that p depends, in part, on what sort of speech act assertion is. The literature on assertion has burgeoned over the past few years, and there is a great deal of debate regarding the nature of assertion. John MacFarlane has helpfully identified four theories of assertion. Following Sandy Goldberg, we can call these the attitudinal account, the constitutive rule account, the common-ground account, and the commitment account. I shall consider what group assertion might look like under each of these accounts and doing so will help us to examine some of the accounts of group assertion (often presented as theories of group testimony) on offer. I shall argue that, of the four accounts, the commitment account can best be extended to make sense of group assertion in all its various forms.

scholarly journals A Theoretical Framework on the Determinants of Food Purchasing Behavior of the Elderly: A Bibliometric Review with Scientific Mapping in Web of Science

Foods ◽  
2021 ◽  
Vol 10 (3) ◽  
pp. 688
Author(s):  
Khaled Alhammadi ◽  
Luna Santos-Roldán ◽  
Luis Javier Cabeza-Ramírez
Keyword(s):  
Elderly Population ◽  
Web Of Science ◽  
The Elderly ◽  
Purchasing Behavior ◽  
Food Purchasing ◽  
The Past ◽  
Bibliometric Review ◽  
Food Market ◽  
The Common ◽  
Elderly Consumers

The past few years have seen significant demographic changes in most regions, including an increased elderly population. Subsequently, elderly citizens comprise an important market segment of consumers, with the food industry one of the most affected areas in this context. However, food market managers previously believed that elderly consumers’ needs were stereotyped in nature. The lack of focus on this sector, therefore, left elderly consumers as an untapped market, without realizing the financial independence of this segment regarding their nutrition. This research will attempt to provide the key determinant factors on elderly consumers’ behavior related to food. For that purpose, a complete literature review of more than 123 papers regarding these concepts has been carried out. Once analyzed, we highlight the common insights to give clear guidance for supermarket managers and food manufacturers to have a better knowledge of the reasons behind elderly people’s food acquisitions.

scholarly journals B.05 Hemi-laryngopharyngeal spasm (HELPS) syndrome: The discovery, cure, and characterization of a new neurological condition

2017 ◽  
Vol 44 (S2) ◽  
pp. S11-S11
Author(s):  
C Honey ◽  
M Morrison
Keyword(s):  
Surgical Care ◽  
Review Of The Literature ◽  
The Past ◽  
First Case ◽  
Patient Reported ◽  
Operative Outcome ◽  
Small Cohort ◽  
The Common ◽  
Similar Motor

Background: We published the world’s first case of hemi-laryngpharyngeal spasm (HELPS) syndrome cured by microvascular decompression (MVD) of the Xth cranial nerve in 2016. We now present a small cohort of patients (n=3) successfully treated with surgery in order to better delineate the common characteristics of this syndrome, diagnostic tests of choice, nuances of their surgical care and outcomes of their treatment. Methods: The history and physical examination of three patients with HELPS syndrome are presented. Pre-operative laryngoscopy, neuroimaging, response to botox and intra-operative videos are detailed. Post-operative outcome and complications are presented. Results: Each patient reported similar motor (choking) and sensory (coughing) features in their history. Episodic choking relentlessly progressed over the years until it occurred while sleeping and with frightening severity prompting tracheostomy in one patient and intubation in another. A “tickling” sensation deep in the throat triggered episodic coughing that worsened over the years until it occurred while sleeping and with frightening severity (syncope and incontinence). Conclusions: A review of the literature suggests that patients with similar symptoms, often called episodic laryngospasm in the past, have been treated with psychotherapy or antacids. With the recognition that a clearly defined subset of these patients have HELPS syndrome, we can offer them the potential of a neurosurgical cure.

Expanding Evolutionary Psychology: toward a Better Understanding of Violence and Aggression

2003 ◽  
Vol 42 (1) ◽  
pp. 5-50 ◽  
Author(s):  
Iver Mysterud ◽  
Dag Viljen Poleszynski
Keyword(s):  
Evolutionary Psychology ◽  
Food Allergies ◽  
Sociocultural Factors ◽  
The Past ◽  
Physical Chemical ◽  
Reactive Hypoglycemia ◽  
Proximate Factors ◽  
Survival And Reproduction ◽  
The Common ◽  
Habitual Intake

The “mainstream” evolutionary psychology model is currently under criticism from scientists of other persuasions wanting to expand the model or to make it more realistic in various ways. We argue that focusing on the environment as if it consisted only of social (or sociocultural) factors gives too limited a perspective if evolutionary approaches are to understand the behavior of modern humans. Taking the case of violence, we argue that numerous novel environmental factors of nutritional and physical-chemical origin should be considered as relevant proximate factors. The common thesis presented here is that several aspects of the biotic or abiotic environment are able to change brain chemistry, thus predisposing individuals to violence and aggression in given contexts. In the past, aggressive behavior has had a number of useful functions that were of particular importance to our ancestors' survival and reproduction. However, some of the conditions in our novel environment, which either lowered the threshold for aggression or released such behavior in contexts which were adaptive in our evolutionary past, no longer apply. It is high time evolutionary approaches to violence are expanded to include the possibilities that violence may be triggered by nutritionally depleted foods, reactive hypoglycemia caused by habitual intake of foods with a high glycemic index (GI), food allergies/intolerances and exposure to new environmental toxins (heavy metals, synthetic poisons).

Communication Theory and Training Approaches for Multiculturally Diverse Organizations: Have Academics and Practitioners Missed the Connection?

2001 ◽  
Vol 30 (4) ◽  
pp. 445-455 ◽  
Author(s):  
Marguerite Arai ◽  
Maryanne Wanca-Thibault ◽  
Pamela Shockley-Zalabak
Keyword(s):  
Communication Theory ◽  
Diversity Training ◽  
Multicultural Training ◽  
Theory And Practice ◽  
Important Research ◽  
Human Communication ◽  
The Past ◽  
The Common ◽  
Multiculturally Diverse ◽  
And Training

While a number of articles have looked at the importance of multicultural training in the workplace over the past 30 years, there is little concrete agreement that documents the common fundamental elements of a “successful” diversity initiative. A review of the training literature suggests the importance of human communication theory and practice without including important research, methodologies, and practice from the communication discipline. This article examines formal diversity approaches, provides examples from the literature of several successful diversity initiatives in larger organizations, identifies the limited use of communication-based approaches in diversity training, and discusses the importance of integrating communication theory and practice in future training efforts.

Ainsworth's Historical Accuracy Reconsidered

1972 ◽  
Vol 4 (1) ◽  
pp. 23-28
Author(s):  
Llewellyn Ligocki
Keyword(s):  
Historical Novel ◽  
Sir Walter Scott ◽  
Crucial Importance ◽  
Historical Sources ◽  
The Past ◽  
Waverley Novels ◽  
Literary Figure ◽  
Historical Fact ◽  
The Common ◽  
Failure To Progress

After Sir Walter Scott made the historical novel popular with his Waverley novels, many other writers, including the major novelists Dickens and Thackeray and the minor novelists Ainsworth, G. P. R. James, Bulwer-Lytton, and Reade, took up the form. But while the major novelists are credited with artistry in their use of history, the minor ones are generally regarded as hacks who used history indiscriminately in any way they wished in order to “make saleable novels.” The disparaging criticism of William Harrison Ainsworth's use of history exemplifies this unreflective critical tendency.For several probable reasons, critics have not been inclined to credit Ainsworth with using history responsibly; however, none of the reasons is based on an examination of his sources: his rapid ascension and decline as an important literary figure, his popularity with the common reading public, and his failure to progress artistically after his first few good novels. His artistic growth seems to have ended in 1840, forty-one years before the publication of his last novel. These critics have seen him as a “manufacturer of fiction,” and therefore not responsible in his treatment of historical fact and his use of historical documents, even though time and place are of crucial importance to Ainsworth. One could hardly regard Ainsworth more incorrectly. A close reading of Ainsworth's historical sources demonstrates that Ainsworth's history is extremely reliable in both generalities and particulars; his alterations, usually minor, serve only to adumbrate his concept of history as cycle. Thus, even though he is a novelist and not a historian, the faithful revelation of the past is central to his work. He examines history carefully in order to present truths about life and in order to demonstrate how history reveals these truths.

scholarly journals Moving Forward: The Inclusion of Characters with Down Syndrome in Children’s Picture Books

1944 ◽  
Vol 7 (2) ◽  
Author(s):  
Tracey Kalke-Klita
Keyword(s):  
Down Syndrome ◽  
Picture Books ◽  
Annotated Bibliography ◽  
Educational Setting ◽  
The Past ◽  
Children's Picture Books ◽  
The Common ◽  
Over Time

This article analyzes fifteen children’s picture books published over the past twenty-five years that include a character with Down syndrome (DS). From the perspective of both an educator and a parent of a child with DS, this article focuses on the changes in these picture books over time, the common threads connecting these books, an evaluation of these titles, and suggestions for use in the educational setting. In addition, an annotated bibliography is provided.

The Formulation of the Declaration of Rights

1974 ◽  
Vol 17 (2) ◽  
pp. 265-279 ◽  
Author(s):  
Robert J. Frankle
Keyword(s):  
Common People ◽  
English Revolution ◽  
The Past ◽  
The Common ◽  
The Revolution

After a period of comparative neglect, historians are re-examining the English Revolution of 1688 with revived interest and revised interpretation. In the past few decades numerous works have carefully re-investigated and often reinterpreted the roles played by such disparate groups as the Whigs, die nobility, the common people, and die urban mob, as well as by such leading individuals as die Earl of Sunderland, James II, and William of Orange. They have broadened our perspective of the Revolution by placing it in die wider context of European affairs and have persuasively demonstrated that die replacement of James II by William and Mary was justified most frequently and effectively not by John Locke's Two Treatises of Government, which was indeed composed prior to 1688, but by mat old relic from James I's reign, divine right of kings.

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