This paper presents the case for and the evidence in favour of passive investment strategies and examines the major criticisms of the technique. I conclude that the evidence strongly supports passive investment management in all markets—smallcapitalisation stocks as well as large-capitalisation equities, US markets as well as international markets, and bonds as well as stocks. Recent attacks on...

This paper examines the nature of market orientation (MO) in entrepreneurial firms and proposes a conceptual model of market firm interface appropriate to entrepreneur led firms.

Based on a feasibility analysis on the product and source market orientation of the Ailing River Drifting Scenic Spot, this article explores its product quality as well as market strategies in four aspects including product, price, promotion and place.

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We elicit traders' predictions of future price trajectories in repeated experimental markets for a 15-period-lived asset. We find that individuals' beliefs aboutprices are adaptive, and primarily based on past trends in the current and previous markets in which they have participated. Most traders do not anticipate market downturns the first time they participate in a market, and, when experien...

Understanding and measuring determinants of bid-ask spreads is decisive to clarifying the efficiency of the microstructure of any exchange and general market liquidity. This paper examines the market microstructure of a low liquidity, market maker driven option market, the relations to the underlying securities’ market and the challenges of pricing liquidity. Comparing empirical results with pr...

After analyzing the uncertainty of technology innovation diffusion (TID), this paper proposes the model of enterprises’ TID based on geometric Brownian motion with jump, and analyzes the optional timing and influence of adopting innovation technology on TID by each parameter. The results show that enterprise should immediately adopts the technology when its market demand is greater than the opt...

Timing Analysis of Logic-Level Digital Circuits Using Uncertainty Intervals. (August 1996) Joshua Asher Bell, B.S., Texas A&M University Chair of Advisory Committee: Dr. Duncan M. Walker Competitive design of modern digital circuits requires high performance at reduced cost and time-to-market. Timing analysis is increasingly used to deal with the more aggressive timing constraints inherent in h...

THE PRIMARY CHALLENGE during the modern integrated circuit development process lies in coping with the progressively shorter time-to-market of the chips. Modular design through design re-use in the System-on-Chip (SoC) technology though aids in reducing the design time, the process of testing and verification of such highly complex circuits turns out to be more challenging. The overall objectiv...