This article offers a dynamic model of opaque over-the-counter markets. A seller searches for an attractive price by visiting multiple buyers, one at a time. The buyers do not observe contacts, quotes, or trades elsewhere in the market. A repeat contact with a buyer reveals the seller’s reduced outside options and worsens the price offered by the revisited buyer. When the asset value is uncerta...

Construal Level Theory (CLT; Trope & Liberman, 2003) proposes that pro-arguments (pros) constitute high-level construals and counter-arguments (cons) low-level construals. Therefore, pros are more salient for distant-future actions than are cons and the reverse holds for near-future actions (Eyal, Liberman, Trope, & Walther, 2004). We further predicted and results from one experiment show that ...

Who is in favour of domination? Surely some people have a strong interest in preserving it, but as this is not publicly confessable and people enjoy picturing themselves as moral, everyone will officially support a non-domination programme. What is more, Ian Shapiro suggests, in circumstances where ‘you cannot be confident of your ability to dominate others’, it is in your interest ‘to create a...

While in the past design focused on products, our new challenge is to focus on people. An understanding of perceptions and the emotional connections people form with products and services is critical factors in advancing the practice of design. This paper will begin by discussing our background at Smart Design in exploring design and perception. It will then discuss our current methods that hel...

People are often more confident than accurate. Past accounts of this overconfidence effect have focused on social-cognitive mechanisms, such as the biasing effects of judgmental heuristics and the faulty integration of relevant information. The current studies tested the idea that overconfidence is also a product of dissonance reduction. Specifically, we argue that overconfidence can result fro...

Previous research has indicated that children display gender-typed musical instrument preferences. Two studies were conducted to determine (a) whether these preferences can be modified by presenting counter-examples (i.e., instruments played by gender-inappropriate musicians) and (b) whether child gender or age (kindergarten vs. 4th grade) influences the efficacy of such interventions. A videot...

The cheetah is capable of incredible feats of maneuverability [1] and these maneuvers generally involve rapid swinging of the animal’s lengthy tail. Very little is understood about the cheetah’s use of its tail and the common view is that it is “heavy” and possibly used as a “counter balance” or as a “rudder”. Ultimately, a deeper understanding of this specialized animal will inspire future hig...

Leading market analysts such as Gartner, Forrester Research and IDC expect again for 2012 an increase of global information technology (IT) spending between 3.7% and 6.9% compared to 2011. This trend emphasises the fact that ensuring the effectiveness and efficiency of IT or IT evaluation is a substantial task of strategic IT management. Weighing costs and benefits is already a real challenge f...

The revised version of the Speech Learning Model (SLM-r) regards full-time equivalent (FTE), which involves amount L2 use during length residence (LOR) in an setting, as main factor speech acquisition. Previous studiesshowed that LOR has a significant effect on and L1 production perception but does not explain differences between populations (i.e., L1-Spanish L2-English vs. L1-English L2-Spanis...

Introduction It has been agreed that the safe endotracheal tube intracuff pressures ranges from 20cmH2O to 30cmH2O with pressures above that range being dangerous to the patient even for a short time. While there are many different methods of inflation, the cuff manometer is considered the standard. However, its applicability in clinical practice is marred with numerous hindrances. Without the ...