This case study presents an exploration of epistemic agency in a middle school context. The main focus this was to identify and characterize the actions indicative that emerged student interactions. conducted with sixth graders. Data were collected from multiple sources including records participation classroom virtual space, student-created artifacts, non-participant observations. A qualitativ...

Institutional investor is supposed to be more powerful than individual investor from the perspectives of regularity authority and scholar, but the results are mixed. Using the data of listed company in China, the paper presents a comparative study on the impacts of institutional investor and individual investor on investment risk. It shows that the scale and ownership of institutional investor ...

The Aristotle-Kant tradition requires that autonomous activity must originate within the self and points toward a new type of causation (different from natural efficient causation) associated with teleology. Notoriously, it has so far proven impossible to uncover a workable model of causation satisfying these requirements without an increasingly unsatisfying appeal to extra-physical elements ta...

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We consider a stochastic control problem of beating a stochastic benchmark. The problem is considered in an incomplete market setting with external economic factors. The investor preferences are modelled in terms of HARA-type utility functions and trading takes place in a finite time horizon. The objective of the investor is to minimize his expected loss from the outperformance of the benchmark...

It is a well-known fact that actively managed mutual funds on average underperform passive benchmarks. In this paper, we use the stochastic dominance test proposed by Linton, Maasoumi, and Whang (2005) to shed new light on mutual fund performance on average and across styles. This test evaluates mutual fund performance using a non-parametric framework that 1) imposes a minimal set of conditions...