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Corporate Financing and Investment Decisions when Firms Have Information that Investors Do Not Have

by Stewart C. Myers, Nicholas S. Majluf , 1984
"... This paper considers a firm that must issue common stock to raise cash to undertake a valuable investment opportunity. Management is assumed to know more about the firm’s value than potential investors. Investors interpret the firm’s actions rationally. An. equilibrium mode1 of the issue-invest deci ..."
Abstract - Cited by 2602 (7 self) - Add to MetaCart
-invest decision is developed under these assumptions. The mode1 shows that firms may refuse to issue stock, and therefore may pass up valuable investment opportunities. The model suggests explanations for several aspects of corporate financing behavior, including the tendency to rely on internal sources of funds

Coordination of Groups of Mobile Autonomous Agents Using Nearest Neighbor Rules

by A. Jadbabaie, J. Lin, A. S. Morse , 2002
"... In a recent Physical Review Letters paper, Vicsek et. al. propose a simple but compelling discrete-time model of n autonomous agents fi.e., points or particlesg all moving in the plane with the same speed but with dierent headings. Each agent's heading is updated using a local rule based on ..."
Abstract - Cited by 1290 (62 self) - Add to MetaCart
coordination and despite the fact that each agent's set of nearest neighbors change with time as the system evolves. This paper provides a theoretical explanation for this observed behavior. In addition, convergence results are derived for several other similarly inspired models.

Paradox lost? Firm-level evidence on the returns to information systems.

by Erik Brynjolfsson , Lorin Hitt - Manage Sci , 1996
"... T he "productivity paradox" of information systems (IS) is that, despite enormous improvements in the underlying technology, the benefits of IS spending have not been found in aggregate output statistics.One explanation is that IS spending may lead to increases in product quality or varie ..."
Abstract - Cited by 465 (23 self) - Add to MetaCart
T he "productivity paradox" of information systems (IS) is that, despite enormous improvements in the underlying technology, the benefits of IS spending have not been found in aggregate output statistics.One explanation is that IS spending may lead to increases in product quality

Several explanations for the existence of Ultra High Energy Cosmic Rays

by G. A. Medina Tanco , 1999
"... matter halos and the anisotropy of ultra-high energy cosmic rays ..."
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matter halos and the anisotropy of ultra-high energy cosmic rays

Beyond Independence: Conditions for the Optimality of the Simple Bayesian Classifier

by Pedro Domingos, Michael Pazzani
"... The simple Bayesian classifier (SBC) is commonly thought to assume that attributes are independent given the class, but this is apparently contradicted by the surprisingly good performance it exhibits in many domains that contain clear attribute dependences. No explanation for this has been proposed ..."
Abstract - Cited by 361 (8 self) - Add to MetaCart
The simple Bayesian classifier (SBC) is commonly thought to assume that attributes are independent given the class, but this is apparently contradicted by the surprisingly good performance it exhibits in many domains that contain clear attribute dependences. No explanation for this has been

Reflective and impulsive determinants of social behavior

by Fritz Strack - Personality and Social Psychology Review , 2004
"... This article describes a 2-systems model that explains social behavior as a joint function of reflective and impulsive processes. In particular, it is assumed that social behavior is controlled by 2 interacting systems that follow different operating principles. The reflective system generates behav ..."
Abstract - Cited by 365 (5 self) - Add to MetaCart
-process accounts, this model is not limited to specific domains of mental functioning and attempts to integrate cognitive, motivational, and behavioral mechanisms. In the history of attempts to discover the causes of human behavior, the most widespread explanations are based on the assumption that human beings do

Internet Routing Instability

by Craig Labovitz, G. Robert Malan, Farnam Jahanian , 1997
"... This paper examines the network inter-domain routing information exchanged between backbone service providers at the major U.S. public Internet exchange points. Internet routing instability, or the rapid fluctuation of network reachability information, is an important problem currently facing the In ..."
Abstract - Cited by 345 (9 self) - Add to MetaCart
several unexpected trends in routing instability, and examine a number of anomalies and pathologies observed in the exchange of inter-domain routing information. The analysis in this paper is based on data collected from BGP routing messages generated by border routers at five of the Internet core

Explanation-Driven Case-Based Reasoning

by Agnar Aamodt , 1994
"... . Problem solving in weak theory domains should compensate for the lack of strong theories by combining the various other knowledge types involved. Such methods should be able to effectively combine general domain knowledge with specific case knowledge. A method is described that utilises a pres ..."
Abstract - Cited by 213 (31 self) - Add to MetaCart
explanations. A specialisation of this method for each of the main subprocesses of case-based reasoning is presented, and illustrated with examples. 1 Introduction A growing part of the AI community is concerned with approaches that integrate several types of knowledge and reasoning methods (see

A Test of the Efficiency of a Given Portfolio

by R. Gibbons, Tephena Ross, Jay Shanken - In Econometrica , 1989
"... A test for the ex ante efficiency of a given portfolio of assets is analyzed. The relevant statistic has a tractable small sample distribution. Its power function is derived and used to study the sensitivity of the test to the portfolio choice and to the number of assets used to determine the ex pos ..."
Abstract - Cited by 331 (14 self) - Add to MetaCart
post mean-variance efficient frontier. Several intuitive interpretations of the test are provided, including a simple mean-stan-dard deviation geometric explanation. A univariate test, equivalent to our multivariate-based method, is derived, and it suggests some useful diagnostic tools which may

Parts Of Recognition

by D.D. Hoffman, Whitman Richards - COGNITION , 1983
"... A complete theory of object recognition is an impossibility not simply because of the multiplicity of visual cues we exploit in elegant coordination to identify an object, but primarily because recognition involves fixation of belief, and anything one knows may be relevant. We finesse this obstacle ..."
Abstract - Cited by 319 (8 self) - Add to MetaCart
rather than part shapes, that the rule exploits a uniformity of nature -- transversality, and that parts with. their descriptions and spatial relations provide a first index into a memory of shapes. These rules lead to a more comprehensive explanation of several visual illusions. The role of inductive
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