INTERNET SPORTS BOOKS OPERATING IN AN INEFFICIENT MARKETPLACE

2013 ◽  
Vol 3 (1) ◽  
pp. 1-22
Author(s):  
George Diemer

This research challenges widely accepted theories regarding sports gambling and the bookmaking industry.  Specifically, the assertions by Strumpf (2003) and Levitt (2004) that risk-seeking bookmakers maximize profit rather than minimize exposure is tested. To do so, this research focuses on an area that few scholars have explored: internet sports books.  A unique data set to analyze the dynamics of competition in NFL gambling industry is used along with a different estimation technique than other scholars have used: cluster analysis. The results of cluster analysis offer insight into the data structure. An alternate hypothesis regarding the workings of the industry are tested to better understand this data structure.

Author(s):  
Hui Xiong ◽  
Michael Steinbach ◽  
Pang-Ning Tan ◽  
Vipin Kumar ◽  
Wenjun Zhou

Clustering and association analysis are important techniques for analyzing data. Cluster analysis (Jain & Dubes, 1988) provides insight into the data by dividing objects into groups (clusters), such that objects in a cluster are more similar to each other than to objects in other clusters. Association analysis (Agrawal, Imielinski & Swami, 1993), on the other hand, provides insight into the data by finding a large number of strong patterns -- frequent itemsets and other patterns derived from them -- in the data set. Indeed, both clustering and association analysis are concerned with finding groups of strongly related objects, although at different levels. Association analysis finds strongly related objects on a local level, i.e., with respect to a subset of attributes, while cluster analysis finds strongly related objects on a global level, i.e., by using all of the attributes to compute similarity values. Recently, Xiong, Tan & Kumar (2003) have defined a new pattern for association analysis -- the hyperclique pattern -- which demonstrates a particularly strong connection between the overall similarity of all objects and the itemsets (local pattern) in which they are involved. The hyperclique pattern possesses a high affinity property: the objects in a hyperclique pattern have a guaranteed level of global pairwise similarity to one another as measured by the cosine similarity (uncentered Pearson correlation coefficient). Since clustering depends on similarity, it seems reasonable that the hyperclique pattern should have some connection to clustering. Ironically, we found that hyperclique patterns are mostly destroyed by standard clustering techniques, i.e., standard clustering schemes do not preserve the hyperclique patterns, but rather, the objects comprising them are typically split among different clusters. To understand why this is not desirable, consider a set of hyperclique patterns for documents. The high affinity property of hyperclique patterns requires that these documents must be similar to one another; the stronger the hyperclique, the more similar the documents. Thus, for strong patterns, it would seem desirable (from a clustering viewpoint) that documents in the same pattern end up in the same cluster in many or most cases. As mentioned, however, this is not what happens for traditional clustering algorithms. This is not surprising since traditional clustering algorithms have no built in knowledge of these patterns and may often have goals that are in conflict with preserving patterns, e.g., minimize the distances of points from their closest cluster centroids.


2018 ◽  
Vol 86 (6) ◽  
Author(s):  
Stephen I. Pelton

ABSTRACT Despite advances in treatment and prevention, the pneumococcus continues to be a dominant cause of severe pneumonia and sepsis and of otitis media, sinusitis, and nonbacteremic pneumonia. Lewnard and colleagues (Infect Immun 86:e00727-17, 2018, https://doi.org/10.1128/IAI.00727-17 ) used a unique data set of nasopharyngeal and middle ear fluid samples to provide further insight into the progression of nasopharyngeal pneumococcal colonization to disease. They report the comparative rate of progression from colonization to otitis media by serotype, providing insight into how conjugate vaccines that do not reduce the overall prevalence of pneumococci in the nasopharynx dramatically impact the incidence of acute and complex otitis media.


2016 ◽  
Vol 18 (5) ◽  
pp. 544-577 ◽  
Author(s):  
Lori Sexton ◽  
Valerie Jenness

Recognizing that prisons house diverse populations in equally diverse types of environments, we utilize a unique data set and employ two well-known sociological concepts—collective identity and collective efficacy—to examine overlapping communities in which transgender women in prisons for men are situated and experience prison life. Findings from our mixed-methods analysis reveal that despite their considerable diversity, transgender prisoners embrace a collective identity and perceive collective efficacy as transgender prisoners more so than as prisoners per se; their collective identity and perceptions of collective efficacy are predicated on social-interactional factors rather than demographic characteristics and physical features of the carceral environment; and the more time a transgender inmate spends in prison, the more likely she is to identify with a community of transgender prisoners, but the less likely she is to feel an affective commitment to the transgender prisoner community or to expect other transgender prisoners to act on her behalf in prison. This novel application of dynamics generally understood to operate in social movements and residential neighborhoods—collective identity and collective efficacy, respectively—to the transgender community in California’s prisons sheds insight into the ways in which transgender women in prisons for men experience prison life, the loyalties around which prison life is organized, and the complexities around which communities in prison are structured.


2017 ◽  
Vol 6 (2) ◽  
pp. 214
Author(s):  
Anita Jokić

Teaching English as a foreign language is now one of the most important subjects in Croatian secondary schools since English is one of the three obligatory subjects at 'matura' - standardized tests which the seniors need to pass to graduate. Writing is one of the three parts of the EL exam, the other two being listening and reading. When learning a language, students start from listening skill, move on to speaking and reading and finally to most difficult skill to master: writing. Teaching and learning writing faces a lot of challenges since it requires a lot of time to practice and even more to evaluate and monitor progress. Teacher's responsibilities are to regularly provide opportunities to write, encourage students to learn from their mistakes and promote their success. In order to do so, students should be given clear instructions on evaluation/assessment and concise feedback. Since grading written assignments takes up a lot of time, the author proposes rubrics which can be used to assess various types of writing taught at secondary level (description of place/event/person, letters of complaint, job application, invitation, discursive/opinion/for-and-against essay etc.). Author suggests four fixed rubrics and subdivisions: Task completion, Cohesion / coherence, Grammar and Vocabulary. All rubrics and subdivisions are described in the paper. A survey was also conducted on a sample of 140 students and has given an insight into students’ opinion on importance of assessment and feedback and its influence on their progress.


2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Claudia Berg ◽  
M. Shahe Emran

AbstractThis paper uses a unique data set on 143,000 poor households from Northern Bangladesh to analyze the effects of microfinance membership on a household’s ability to cope with seasonal famine known as Monga. We develop an identification and estimation strategy that exploits a jump and a kink at the 10-decimal land ownership-threshold driven by the Microfinance Institution screening process to ensure repayment by excluding the ultra-poor. Evidence shows that microfinance membership improves food security during Monga, especially for the poorest households who survive at the margin of one and two meals a day. The positive effects on food security are, however, not driven by higher income, as microcredit does not improve the ability to migrate for work, nor does it reduce dependence on distress sale of labor. The evidence is consistent with consumption smoothing being the primary mechanism behind the gains in food security of MFI households during the season of starvation.


2020 ◽  
Vol 20 (3) ◽  
Author(s):  
Claudia Berg ◽  
M. Shahe Emran

AbstractThis paper uses a unique data set on 143,000 poor households from Northern Bangladesh to analyze the effects of microfinance membership on a household's ability to cope with seasonal famine known as Monga. We develop an identification and estimation strategy that exploits a jump and a kink at the 10 decimal land ownership-threshold driven by the Microfinance Institution (MFI) screening process to ensure repayment by excluding the ultra-poor. Evidence shows that microfinance membership improves food security during Monga, especially for the poorest households who survive at the margin of one and two meals a day. The positive effects on food security are, however, not driven by higher income, as microcredit does not improve the ability to migrate for work, nor does it reduce dependence on distress sale of labor. The evidence is consistent with consumption smoothing being the primary mechanism behind the gains in food security of MFI households during the season of starvation.


Author(s):  
Miriam Bak McKenna

Abstract Situating itself in current debates over the international legal archive, this article delves into the material and conceptual implications of architecture for international law. To do so I trace the architectural developments of international law’s organizational and administrative spaces during the early to mid twentieth century. These architectural endeavours unfolded in three main stages: the years 1922–1926, during which the International Labour Organization (ILO) building, the first building exclusively designed for an international organization was constructed; the years 1927–1937 which saw the great polemic between modernist and classical architects over the building of the Palace of Nations; and the years 1947–1952, with the triumph of modernism, represented by the UN Headquarters in New York. These events provide an illuminating allegorical insight into the physical manifestation, modes of self-expression, and transformation of international law during this era, particularly the relationship between international law and the function and role of international organizations.


2021 ◽  
pp. 004912412098618
Author(s):  
Tim de Leeuw ◽  
Steffen Keijl

Although multiple organizational-level databases are frequently combined into one data set, there is no overview of the matching methods (MMs) that are utilized because the vast majority of studies does not report how this was done. Furthermore, it is unclear what the differences are between the utilized methods, and it is unclear whether research findings might be influenced by the utilized method. This article describes four commonly used methods for matching databases and potential issues. An empirical comparison of those methods used to combine regularly used organizational-level databases reveals large differences in the number of observations obtained. Furthermore, empirical analyses of these different methods reveal that several of them produce both systematic and random errors. These errors can result in erroneous estimations of regression coefficients in terms of direction and/or size as well as an issue where truly significant relationships might be found to be insignificant. This shows that research findings can be influenced by the MM used, which would argue in favor of the establishment of a preferred method as well as more transparency on the utilized method in future studies. This article provides insight into the matching process and methods, suggests a preferred method, and should aid researchers, reviewers, and editors with both combining multiple databases and describing and assessing them.


2010 ◽  
Vol 41 (2) ◽  
pp. 126-133 ◽  
Author(s):  
N. Kalamaras ◽  
H. Michalopoulou ◽  
H. R. Byun

In this study a method proposed by Byun & Wilhite, which estimates drought severity and duration using daily precipitation values, is applied to data from stations at different locations in Greece. Subsequently, a series of indices is calculated to facilitate the detection of drought events at these sites. The results provide insight into the trend of drought severity in the region. In addition, the seasonal distribution of days with moderate and severe drought is examined. Finally, the Hierarchical Cluster Analysis method is used to identify sites with similar drought features.


2017 ◽  
Vol 29 (2) ◽  
pp. 375-383 ◽  
Author(s):  
K. L. Ong ◽  
D. P. Beall ◽  
M. Frohbergh ◽  
E. Lau ◽  
J. A. Hirsch

Abstract Summary The 5-year period following 2009 saw a steep reduction in vertebral augmentation volume and was associated with elevated mortality risk in vertebral compression fracture (VCF) patients. The risk of mortality following a VCF diagnosis was 85.1% at 10 years and was found to be lower for balloon kyphoplasty (BKP) and vertebroplasty (VP) patients. Introduction BKP and VP are associated with lower mortality risks than non-surgical management (NSM) of VCF. VP versus sham trials published in 2009 sparked controversy over its effectiveness, leading to diminished referral volumes. We hypothesized that lower BKP/VP utilization would lead to a greater mortality risk for VCF patients. Methods BKP/VP utilization was evaluated for VCF patients in the 100% US Medicare data set (2005–2014). Survival and morbidity were analyzed by the Kaplan-Meier method and compared between NSM, BKP, and VP using Cox regression with adjustment by propensity score and various factors. Results The cohort included 261,756 BKP (12.6%) and 117,232 VP (5.6%) patients, comprising 20% of the VCF patient population in 2005, peaking at 24% in 2007–2008, and declining to 14% in 2014. The propensity-adjusted mortality risk for VCF patients was 4% (95% CI, 3–4%; p < 0.001) greater in 2010–2014 versus 2005–2009. The 10-year risk of mortality for the overall cohort was 85.1%. BKP and VP cohorts had a 19% (95% CI, 19–19%; p < 0.001) and 7% (95% CI, 7–8%; p < 0.001) lower propensity-adjusted 10-year mortality risk than the NSM cohort, respectively. The BKP cohort had a 13% (95% CI, 12–13%; p < 0.001) lower propensity-adjusted 10-year mortality risk than the VP cohort. Conclusions Changes in treatment patterns following the 2009 VP publications led to fewer augmentation procedures. In turn, the 5-year period following 2009 was associated with elevated mortality risk in VCF patients. This provides insight into the implications of treatment pattern changes and associated mortality risks.


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