The study of memory for event duration in pigeons has, for the most part, centered on an unusual behavioral phenomenon and an interesting theoretical explanation for it. A typical experiment on memory for event duration involves trials initiated by a sample stimulus that is either short or long in duration (e.g., 2 vs. 10 sec of houselight) and that is later followed by the simultaneous present...

The Pike River mine (PRM), an underground coal mine in New Zealand (NZ), exploded in 2010. This paper analyses the causes of the disaster, with a particular focus on the systems engineering and organisational contributions. Poor systems-engineering contributed via poorly designed ventilation, use of power-electronics underground, and placement of the main ventilation fan underground. Management...

Modifying the proof of a theorem of Wilkie, it is shown that if a one dimnsional set S is definable in an O minimal expansion of the ordered field of the reals, and if it is regularly exponentially near to many integral points, then there is an unbounded set, which is R definable without parameters, and which is exponentially near to S.

In this article we will describe some of the main developments in interest-rate modelling since Black & Scholes’ (1973) and Merton’s (1973) original articles on the pricing of equity derivatives. In particular, we will focus on continuoustime, arbitrage-free models for the full term structure of interest rates. Other models which model a limited number of key interest rates or which operate in ...

t Wilkie's stochastic investment model and its variants have been increasingly applied by actuaries around the world to actuarial modeling and simulation. This paper performs time series outlier analysis on retail price inflation, which is the driving force of Wilkie's composite model. The data come from four developed countries: the United Kingdom, the United States, Canada, and Australia. The...

This paper reassesses the burden of the current U.S. international tax regime and reconsiders well-known welfare benchmarks used to guide international tax reform. Reinventing corporate tax policy requires that international considerations be placed front and center in the debate on how to tax corporate income. A simple framework for assessing current rules suggests a U.S. tax burden on foreign...

Stock trading plays an important role for supporting profitable stock investment. In particular, more and more data mining-based technical trading rules have been developed and used in stock trading systems to assist investors with their smart trading decisions. However, many mined trading rules are of no interest to traders and brokers because they are discovered based on statistical significa...

It is common for professors to base inaugural lectures on work that they have already done, perhaps thereby giving a hint of why they have been appointed. One topic that has been an interest of mine over many years is ethical investment. The word `inaugural' suggests a degree of looking forward. Therefore, in addition to outlining some of the work that has brought me to this point, I would like...

Differential SAR Interferometry (D-InSAR) is an effective tool in monitoring land subsidence because of its greater coverage area and better resolution of height change. A series of Japanese Earth Resources Satallite-1 (JERS-1) images from 1992 to 1998 has been used in monitoring the mine subsidence in the test site of this study, one of the important coal mining areas in China. D-InSAR procedu...

Recent U.S. military operations, such as those in the Balkans, have shown that land mines continue to pose a significant threat to U.S. forces. U.S. land mine detection capabilities are limited and largely unchanged since the Second World War. A U.S. military that now uses million dollar cruise missiles, tens of million dollar aircraft, and billions of dollar ships still generally detects land ...