Errors in the perception of mean-reversion expectations can cause stockmarket crashes. This view was proposed by Fischer Black after the stockmarket crash of 1987. I discuss this concept and specify a stock-price model with mean-reversion in returns. Using daily data of the Dow Jones Industrial Average and the S&P500 index I show that mean-reversion in returns is a transient but recurring pheno...

The cultivation of perennial biomass crops (PBCs) on marginal lands is necessary to provide feedstock for the bio-based EU economy and accrue environmental benefits through carbon (C) sequestration in soil. Short rotation coppice (SRC) species, e.g., willow, black locust, poplar, rhizomatous grasses, miscanthus, switchgrass, giant reed, have been tested many projects last 10 years investigate t...

When the cell wall of Bacillus subtilis is removed by lysozyme and the resultant protoplasts are plated on hypertonic soft agar medium, each protoplast forms an L colony. L bodies from such L colonies again plate as L-colony-forming units (CFU). However, if protoplasts or L bodies are "conditioned" by 1 h of incubation in 0.4% casein hydrolysate medium and then incubated in 25% gelatin medium f...

Do laboratory subjects correctly perceive the dynamics of a mean-reverting time series? In our experiment, subjects receive historical data and make forecasts at different horizons. The time series process that we use features short-run momentum and long-run partial mean reversion. Half of the subjects see a version of this process in which the momentum and partial mean reversion unfold over 10...

Phytochrome in Sinapis alba L. (white mustard) seedlings undergoes both decay and reversion after an exposure to red light. This is typical of other crucifers and of dicotyledons in general. In the presence of sodium azide, decay is inhibited, and reversion continues at about the same rate as in buffer alone. The reversion has been demonstrated both in cotyledon plus hypocotyl hook and in hypoc...

We compared the ultraviolet radiation-induced reversion of nonsense (lacZ53) and missense (leuB19) mutations in uvrB5, uvrB5 uvrD3, uvrB5 recB21, and uvrB5 uvrD3 recB21 strains of Escherichia coli K-12. Nonsense (trpE65) reversion was also compared in similar derivatives of E. coli B/r uvrA155. The uvrD mutation reduced mutagenesis in very case, but had its main effect in cells ultraviolet irra...

Pressures, isolation, and the temptation of easy online answers are changing why how students cheat.