We consider an investor who seeks to maximize her expected utility derived from her terminal wealth relative to the maximum wealth achieved over a fixed time horizon, and under a portfolio drawdown constraint, in a market with local stochastic volatility (LSV). The newly proposed investment objective paradigm also allows the investor to set portfolio benchmark targets. In the absence of closed-...

To further understand why a consumer’s choices are influenced by the aesthetic value of products (Hollins & Pugh, 1990; Bloch, 1995; Schmitt & Simonson, 1997), individual differences in design-driven consumer choices must be investigated. Previous empirical work suggests that the extent to which one pays attention and is responsive to the aesthetic value of products (Bloch, Brunel, & Arnold, 20...

This manuscript has not been previously published in any form. Question Summary. The reliability of the Survey of Consumer Finances risk-tolerance question has not been reported in the literature. However, given the importance of reliability as a necessary condition for validity there is a need to know and report the question's reliability estimate. The purpose of this paper is to provide such ...

The core capabilities of an organization include critical skills of employees, management systems, and norms and values. Core capabilities may be transferred fonnally and explicitly. However, much knowledge, particularly knowledge with rich tacit dimensions, is transferred informally through processes of socialization and intemaiization. We focus on two transfer mechanisms—mentoring and storyte...

Four species of copepod, Caligus bonito Wilson, 1905 (Caligidae), Clavellisa scombri Kurz, 1877 (Lernaeopodidae), Pandarus bicolor Leach, 1816 (Pandaridae) and Anchistrotos laqueus Leigh-Sharpe, 1935 (Bomolochidae) were reported from Coryphaena hippurus Linnaeus, 1758, Scomber scombrus Linnaeus, 1758, Mustelus mustelus Linnaeus, 1758 and Serranus hepatus Linnaeus, 1758. These parasites were rec...

Christopher J. Gore, Michael J. Ashenden, Ken Sharpe, and David T. Martin Department of Physiology, Australian Institute of Sport, Canberra; Exercise Physiology Laboratory, School of Education, Flinders University, Adelaide; Science and Industry Against Blood-Doping (SIAB) Research Consortium, Gold Coast; and Department of Mathematics and Statistics, The University of Melbourne, Melbourne, Aust...

In the article cited above, the duality of interest for author Emily B. Schroeder reads “E.B.S. received industry-sponsored research support from Novartis, Merck Sharpe & Dohme, Boehringer Ingelheim, AstraZeneca, andBristol-Myers Squibb.” The author has requested that this be corrected to read “E.B.S. was supported by National Institute of Diabetes and Digestive and Kidney Diseases grant K23DK0...