The performance of the average investor in an asset class lags the average performance of the asset class itself by an average of one percent per year over the past fifteen years, based on net investor mutual fund cash flows. We present a model in which a representative behavioral investor believes next year’s returns will exactly match last year’s returns and show that this leads to price adju...

UNLABELLED Umbilical hernia has gained little attention from surgeons in comparison with other types of abdominal wall hernias (inguinal, postoperative); however, the primary suture for umbilical hernia is associated with a recurrence rate of 19-54%. The aim of this study was to analyze the results of the umbilical hernia repair and to assess the independent risk factors influencing umbilical h...

AIMS To identify substantive findings of potential clinical and managerial significance from a regional feasibility study of adverse events (AEs). METHODS A standardised protocol using structured implicit review was applied to 142 AEs generated in an audit study of three public hospitals in the Auckland region for admissions in 1995. Areas of potential significance addressed were: timing, loc...

ions are being discussed in other chapters in this book (Barsalou & WiemerHastings, this volume; Gibbs, this volume; Prinz, this volume). 6.0 Conclusion and outlook We started this chapter by comparing two perspectives on cognition in general and on language comprehension in particular. According to the traditional perspective, language comprehension involves the activation and integration of d...

We report three experiments to test the possibilities reasoners think about when they understand a conditional of the form 'A only if B' compared to 'if A then B'. The experiments examine conditionals in the indicative mood (e.g., A occurred only if B occurred) and counterfactuals in the subjunctive mood (A would have occurred only if B had occurred). The first experiment examines the conjuncti...

background: cerebrovascular disease leading to stroke is the most common cause of aphasia. speakers with agrammatic non-fluent aphasia have difficulties in production of movement-derived sentences such as passive sentences, topicalized constituents, and wh-questions. to assess the production of complex sentences, some passive, topicalized and focused sentences were designed for patients with no...