We consider a two-period portfolio problem with predictable assets returns. First-order (second-order) predictability means that an increase in the first period return yields a first-order (second-order) stochastically dominated shift in the distribution of the second period state prices. Mean reversion in stock returns, Bayesian learning, stochastic volatilities and stochastic interest rates (...

The history of the way schizophrenia has been conceptualized in American psychiatry has led us to be hesitant to explore the role of social causation in schizophrenia. But there is now good evidence for social impact on the course, outcome, and even origin of schizophrenia, most notably in the better prognosis for schizophrenia in developing countries and in the higher rates of schizophrenia fo...

Computer science (CS) curricula are composed of various study modules, each of which focuses on particular contents, concepts, principles, and associated problem-solving methods. Developers of CS curricula recommend that students become acquainted with different programming paradigms in order to acquire alternative ways of computational thinking and various approaches for problem solving. In th...

A very ’physical’ approach to this phenomenon can be made by making use of the linearity of Stokes equations and symmetries of the system. Here, we preform detailed calculations according to hints from Exercise 2.9 from the textbook [Kim & Karilla]. As the Stokes equations are linear in p and v, the pressure field p(r) can be written as a scalar product of a certain vector field P(r) and the po...

Previous Proposals and Problems Regarding the key question, two main streams of proposals are basically discernible. One stream maintained that both NP1 and NP2 are subject, trying to define various notions of subject: e.g., Yu (1909) called them big and small subject, Yoon (2003, 2007) major and grammatical subject, and Lee (2007) subject [Spec, RefP] and subject [Spec, TP], respectively. The ...