In this paper Professor Michael Maher and Professor Donald Palmer analyze the mortgage meltdown as a “normal accident” (Perrow, 1984). They begin by briefly outlining normal accident theory; both Perrow’s original version and Mezias’ (1994) subsequent extension. They then use normal accident theory to analyze the mortgage meltdown and draw a few insights from our account. They then consider the relationship between normal accidents and wrongdoing; a vexing question for both normal accident theory and observers of the meltdown.
In this study, Professors Chih-Ling Tsai and co-authors Ning Zhu from the Shanghai Advanced Institute of Finance and Ming-Chun Wang from National Chengchi University use a data set from market participants in the Taiwan Stock Exchange Capitalization Weighted Stock Index options markets to demonstrate a strong positive relationship between prior trading outcomes and subsequent risk taking. In particular, investors in this market take above-average risks in afternoon trading after morning gains.
In this study, Professor Chih-Ling Tsai and co-authors Yiyun Zhang and Runze Li apply the nonconcave penalized likelihood approach to obtain variable selections as well as shrinkage estimators. This approach relies heavily on the choice of regularization parameter, which controls the model complexity.
UPDATE: Andrew Barkett is leaving his post as senior engineer at Facebook to bring his decade of experience in Silicon Valley to become the first-ever chief technology officer for the Republican National Committee.The June 4 announcement has stirred a whirlwind of media coverage, including the Huffington Post and Washington Post.Bark
Agilent Technologies’ Electronic Measurement Group is a $3.6 billion business that over the past decade has seen a dramatic shift in its customer base from U.S., and Western European customers to predominantly Asia-based customers. Today, the majority of the division’s revenues are generated outside of the U.S., with an increasing concentration in China.
(Davis, CA) — The UC Davis Graduate School of Management’s full-time MBA program has been ranked among the top six percent of AACSB International-accredited programs nationwide, according to U.S. News & World Report’s latest graduate business school rankings released today.