I test the disposition effect, the tendency of investors to hold losing investments too long and sell winning investments too soon, by analyzing trading records for 10,000 accounts at a large discount brokerage house. These investors demonstrate a strong preference for realizing winners rather than

agents that communi-cate by placing, checking and instantiating constraints on shared variables. Such a view of computation is in-teresting in the context of programming languages be-cause of the ability to represent and manipulate partial information about the domain of discourse, in the con

Constraint-based reasoning is a paradigm for formulating knowledge as a set of constraints without specifying the method by which these constraints are to be satisfied. A variety of techniques have been developed for finding partial or complete solutions for different kinds of constraint

Constraint Handling Rules (CHR) are our proposal to allow more flexibility and application-oriented customization of constraint systems. CHR are a declarative language extension especially designed for writing user-defined constraints. CHR are essentially a committed-choice language consisting

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Multiple antennas can be used for increasing the amount of diversity or the number of degrees of freedom in wireless communication systems. In this paper, we propose the point of view that both types of gains can be simultaneously obtained for a given multiple antenna channel, but there is a

I develop a general equilibrium model with sticky prices, credit constraints, nominal loans and asset prices. Changes in asset prices modify agents ’ borrowing capacity through collateral value; changes in nominal prices affect real repayments through debt deflation. Monetary policy shocks move

various limitations of current recommendation methods and discusses possible extensions that can improve recommendation capabilities and make recommender systems applicable to an even broader range of applications. These extensions include, among others, an improvement of understanding of users and items

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There are many sources of systematic variation in cDNA microarray experiments which affect the measured gene expression levels (e.g. differences in labeling efficiency between the two fluorescent dyes). The term normalization refers to the process of removing such variation. A constant adjustment is often used to force the distribution of the intensity log ratios to have a median of zero for each slide. However, such global normalization approaches are not adequate in situations where dye biases can depend on spot overall intensity and/or spatial location within the array. This article proposes normalization methods that are based on robust local regression and account for intensity and spatial dependence in dye biases for different types of cDNA microarray experiments. The selection of appropriate controls for normalization is discussed and a novel set of controls (microarray sample pool, MSP) is introduced to aid in intensity-dependent normalization. Lastly, to allow for comparisons of expression levels across slides, a robust method based on maximum likelihood estimation is proposed to adjust for scale differences among slides.