In today's investment world there is emphasis on the role of accounting information. Behavioral factors always play an important role in financial markets. All investors are not rational and their demand for riskiness of assets is influenced by their beliefs and feelings. Optimism, pessimism, self-confidence, ambiguity-aversion, etc. help changing the manner of decision-making process over time...

Several authors have reported an unconditional size effect in returns around earnings announcements. In this study we show how this finding can be understood as resulting from ambiguity aversion. We hypothesize that analyst forecasts for smaller companies are relatively more ambiguous; hence they are priced pessimistically by ambiguity-averse investors. As the quarter comes to a close and ambig...

Bistatic multiple-input multiple-output (MIMO) radar can improve the system performance for obtaining the waveform diversity and larger degrees of freedom (DoF), and effectively counteract the stealthy target for its transmit antennas and receive antennas separated placement. Similarly with the conventional bistatic radar, the geometry configurations of bistatic MIMO radar also play an importan...

In this article we obtain estimates on the approximate eigenstructure of channels with a spreading function supported only on a set of finite measure |U |. Because in typical application like wireless communication the spreading function is a random process corresponding to a random Hilbert–Schmidt channel operator H we measure this approximation in terms of the ratio of the p–norm of the devia...

The estimation of the scattering function in time-frequency selective fading mobile environment is considered. The scattering function explicitly reveals the time-frequency selective behavior of the fading channel under the well-known WSSUS assumption. We propose two classes of estimators based on a time-frequency framework that generalize the existing estimators while giving an extra freedom a...

It is shown that the set of inherent ambiguity functions for context-free languages and the set of ambiguity functions for cycle-free context-free grammars coincide. Moreover for each census function γ of an unambiguous context-free language the least monotone function larger than or equal to γ is an inherent ambiguity function. Both results are based on a more general theorem. Informally it st...

This study provides novel evidence on the role of ambiguity aversion in determining the response of mutual fund investors to historical fund performance information. We present a model of ambiguity averse investors who receive multiple performance-based signals of uncertain precision about manager skill. A key implication of the model is that when investors receive multiple signals of uncertain...

Nocuous ambiguity occurs when a linguistic expression is interpreted differently by different readers in a given context. We present an approach to automatically identify nocuous ambiguity that is likely to lead to misunderstandings among readers. Our model is built on a machine learning architecture. It learns from a set of heuristics each of which predicts a factor that may lead a reader to f...

Sexual dimorphism in humans has been the subject of wonder for centuries. In 355 BC, Aristotle postulated that sexual dimorphism arose from differences in the heat of semen at the time of copulation. In his scheme, hot semen generated males, whereas cold semen made females (Jacquart, D., and C. Thomasset. Sexuality and Medicine in the Middle Ages, 1988). In medieval times, there was great contr...