scholarly journals Nonlinearity in financial series: transitory or permanent?

2019 ◽  
Vol 26 (1) ◽  
Author(s):  
Christian E. Espinosa M. ◽  
Juan Gorigoitía ◽  
Carlos Maquieira

In this article we present evidence that nonlinearity episodes in financial series are more permanent than transitory. At the same time, these episodes show different behaviors depending on the market analyzed, which would indicate that they are not completely synchronized. On the other hand, the size of the window for detecting nonlinear episodes has an impact on the number of nonlinear windows found, as well as the percentage of nonlinear windows with respect to the total number of windows, confirming a window size effect. The results strongly invalidate the efficient markets hypothesis and forcefully explain the incapability to predict its future values.

1990 ◽  
Vol 265 (2) ◽  
pp. 609-612 ◽  
Author(s):  
L Van Den Bosch ◽  
H De Smedt ◽  
L Missiaen ◽  
J B Parys ◽  
R Borghgraef

We present evidence for the existence of an Na(+)-dependent transporter and an Na(+)-independent transporter for polyamines in LLC-PK1 cells. Both transporters could be discriminated by their sensitivity to inhibitors, particularly rho-chloromercuriphenyl sulphate and various polycationic molecules. By using cell monolayers grown on a permeable filter support, we have found that the Na(+)-dependent polyamine uptake occurred preferentially from the basolateral side. The Na(+)-independent uptake, on the other hand, occurred to the same extent from either the apical or the basolateral side.


Diachronica ◽  
2008 ◽  
Vol 25 (1) ◽  
pp. 54-110 ◽  
Author(s):  
Gisèle Teil-Dautrey

This article aims to define the phonological structure of Proto-Bantu lexical units on the basis of frequencies of reconstructed consonant co-occurrences. Starting from the main reconstructions given in BLR3, I present evidence for the presence of unexpected frequencies indicating imbalances in two directions. Certain consonant co-occurrences have not been reconstructed, essentially consonants sharing the same place of articulation and differing by only one feature, either voicing or nasality. These “gaps” in the proto-lexicon turn out to correspond to more general constraints that tend, on the one hand, towards the differentiation of place of articulation and, on the other hand, on agreement in voicing and nasality. However, in cases where *C1 and *C2 share the same place of articulation, Proto-Bantu seems to prefer identity over similarity. In looking to establish a link between the phonotactic constraints of the mother language and those of daughter languages, the latter take different directions, either a direction identical to that of the mother language, or a divergent one. In the reconstructions, the constraints on the nasality feature show similarities to those present in contemporary languages: Ganda has extended the constraint reconstructed for alveolars to all co-occurrences between a voiced stop and a nasal with the same place of articulation. However, the constraints on voicing generated by the dissimilation rule known as Dahl’s Law go in a divergent direction. I bring support here for the view that Dahl’s Law is in fact a daughter-language innovation. Furthermore, I show that this innovation was probably induced by the imbalances of the mother language; the rule fills Proto-Bantu distributional gaps. Finally, I discuss the implications of this study for the Obligatory Contour Principle (OCP).


2012 ◽  
Vol 2012 ◽  
pp. 1-9 ◽  
Author(s):  
Cléa dos Santos Ferreira Mariano ◽  
Silvia das Graças Pompolo ◽  
Janisete Gomes Silva ◽  
Jacques Hubert Charles Delabie

We present evidence of the paraphyly of the ant genusPachycondylaresulting from our cytogenetic studies on 29 populations in 18 species from Brazil and French Guyana. It is likely that karyotypes with a large number of chromosomes and comprising mostly small acrocentric chromosomes in species within thePachycondyla stricto sensugroup resulted from a succession of centric fission events. On the other hand, karyotypes with a small chromosome number comprising mostly metacentric chromosomes are also interpreted as little derived and tend to undergo centric fission. The karyotypes of the groupNeoponeraare more heterogeneous and probably undergo successive cycles of rearrangements tending to increase the chromosome number by centric fission. Theapicalisandverenaecomplexes form two probable sister groups that evolved independently due to centric fissions (verenae) and pericentric inversions (apicalis). Our results reveal the karyotype diversity in the genus and reinforce the hypothesis on the paraphyly ofPachycondyla.


1999 ◽  
Vol 173 ◽  
pp. 249-254
Author(s):  
A.M. Silva ◽  
R.D. Miró

AbstractWe have developed a model for theH2OandOHevolution in a comet outburst, assuming that together with the gas, a distribution of icy grains is ejected. With an initial mass of icy grains of 108kg released, theH2OandOHproductions are increased up to a factor two, and the growth curves change drastically in the first two days. The model is applied to eruptions detected in theOHradio monitorings and fits well with the slow variations in the flux. On the other hand, several events of short duration appear, consisting of a sudden rise ofOHflux, followed by a sudden decay on the second day. These apparent short bursts are frequently found as precursors of a more durable eruption. We suggest that both of them are part of a unique eruption, and that the sudden decay is due to collisions that de-excite theOHmaser, when it reaches the Cometopause region located at 1.35 × 105kmfrom the nucleus.


Author(s):  
A. V. Crewe

We have become accustomed to differentiating between the scanning microscope and the conventional transmission microscope according to the resolving power which the two instruments offer. The conventional microscope is capable of a point resolution of a few angstroms and line resolutions of periodic objects of about 1Å. On the other hand, the scanning microscope, in its normal form, is not ordinarily capable of a point resolution better than 100Å. Upon examining reasons for the 100Å limitation, it becomes clear that this is based more on tradition than reason, and in particular, it is a condition imposed upon the microscope by adherence to thermal sources of electrons.


Author(s):  
K.H. Westmacott

Life beyond 1MeV – like life after 40 – is not too different unless one takes advantage of past experience and is receptive to new opportunities. At first glance, the returns on performing electron microscopy at voltages greater than 1MeV diminish rather rapidly as the curves which describe the well-known advantages of HVEM often tend towards saturation. However, in a country with a significant HVEM capability, a good case can be made for investing in instruments with a range of maximum accelerating voltages. In this regard, the 1.5MeV KRATOS HVEM being installed in Berkeley will complement the other 650KeV, 1MeV, and 1.2MeV instruments currently operating in the U.S. One other consideration suggests that 1.5MeV is an optimum voltage machine – Its additional advantages may be purchased for not much more than a 1MeV instrument. On the other hand, the 3MeV HVEM's which seem to be operated at 2MeV maximum, are much more expensive.


2005 ◽  
Vol 19 (3) ◽  
pp. 129-132 ◽  
Author(s):  
Reimer Kornmann

Summary: My comment is basically restricted to the situation in which less-able students find themselves and refers only to literature in German. From this point of view I am basically able to confirm Marsh's results. It must, however, be said that with less-able pupils the opposite effect can be found: Levels of self-esteem in these pupils are raised, at least temporarily, by separate instruction, academic performance however drops; combined instruction, on the other hand, leads to improved academic performance, while levels of self-esteem drop. Apparently, the positive self-image of less-able pupils who receive separate instruction does not bring about the potential enhancement of academic performance one might expect from high-ability pupils receiving separate instruction. To resolve the dilemma, it is proposed that individual progress in learning be accentuated, and that comparisons with others be dispensed with. This fosters a self-image that can in equal measure be realistic and optimistic.


Author(s):  
Stefan Krause ◽  
Markus Appel

Abstract. Two experiments examined the influence of stories on recipients’ self-perceptions. Extending prior theory and research, our focus was on assimilation effects (i.e., changes in self-perception in line with a protagonist’s traits) as well as on contrast effects (i.e., changes in self-perception in contrast to a protagonist’s traits). In Experiment 1 ( N = 113), implicit and explicit conscientiousness were assessed after participants read a story about either a diligent or a negligent student. Moderation analyses showed that highly transported participants and participants with lower counterarguing scores assimilate the depicted traits of a story protagonist, as indicated by explicit, self-reported conscientiousness ratings. Participants, who were more critical toward a story (i.e., higher counterarguing) and with a lower degree of transportation, showed contrast effects. In Experiment 2 ( N = 103), we manipulated transportation and counterarguing, but we could not identify an effect on participants’ self-ascribed level of conscientiousness. A mini meta-analysis across both experiments revealed significant positive overall associations between transportation and counterarguing on the one hand and story-consistent self-reported conscientiousness on the other hand.


2019 ◽  
Vol 50 (2) ◽  
pp. 80-93
Author(s):  
Jort de Vreeze ◽  
Christina Matschke

Abstract. Not all group memberships are self-chosen. The current research examines whether assignments to non-preferred groups influence our relationship with the group and our preference for information about the ingroup. It was expected and found that, when people are assigned to non-preferred groups, they perceive the group as different to the self, experience negative emotions about the assignment and in turn disidentify with the group. On the other hand, when people are assigned to preferred groups, they perceive the group as similar to the self, experience positive emotions about the assignment and in turn identify with the group. Finally, disidentification increases a preference for negative information about the ingroup.


1961 ◽  
Vol 6 (6) ◽  
pp. 222-223
Author(s):  
Edwin G. Boring
Keyword(s):  

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