To Correct or Not Correct? Actual Evidence, Controversy and the Questions That Remain Open

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Evidence to Correct Misperceptions About Rorschach Norms

Determining why normative values for a test may change is not easy. For instance, intelligence test scores have been changing at a dramatic rate, though the cause remains unclear (Flynn, 1999; Raven, 2000). Each time an IQ test is renormed, the same level of cognitive capacity is associated with a lower score. The ability that would have produced an IQ of 100 two generations ago would now only ...

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Efficient and Correct Programs that Share

In this paper we consider an optimization problem that arises in the execution of parallel programs on shared-memory multiple-instruction-stream, multiple-data-stream (MIMD) computers. A program on such machines consists of many sequential program segments, each executed by a single processor. These segments interact as they access shared variables. Access to memory is asynchronous, and memory ...

Correct or incorrect application of CAPM? Correct or incorrect decisions with CAPM?

This paper focuses on inconsistencies arising from the use of NPV and CAPM for capital budgeting. It shows that (i) CAPM capital budgeting decision-making based on disequilibrium NPV is deductively inferred by the Capital Asset Pricing Model, (ii) the use of the disequilibrium NPV is widespread in finance both as a decision rule and as a valuation tool, (iii) the disequilibrium NPV does not gua...