scholarly journals Rating Agencies – An Experimental Analysis of Their Remuneration Model

2015 ◽  
Vol 16 (3) ◽  
pp. 324-342 ◽  
Author(s):  
Christoph Bühren ◽  
Marco Pleßner

Abstract Does it matter who pays for ratings? Yes, but not for the rating agencies’ behavior. These are the findings of our experiment where we analyze the effect of the remuneration model of rating agencies on their assessments as well as on investors’ and issuers’ behavior. First, we find that rating agencies’ assessments are comparable whether the agency is (partially) paid by issuers, investors or solely by the experimenter. Issuers, on the other hand, more often do not return investor’s trust when they or investors pay for ratings. Further, investors more often act according to the agencies’ recommendations when they have to pay for this information.

1973 ◽  
Vol 59 (1) ◽  
pp. 231-245
Author(s):  
SIDNEY L. TAMM

1. An experimental analysis of ciliary metachronism was performed on ctenophores of two types: those with a continuation of the ciliated groove running between adjacent comb plates (lobates), and those in which the ciliated grooves end at the first plate of each comb row (cydippids and beroids). 2. The results showed that the comb plates of cydippids and beroids are co-ordinated by mechanical forces arising from the movement of the plates themselves. Only along the ciliated grooves and at their junctions with the comb rows is a neuroid conduction process likely in this group of ctenophores. 3. Ctenophores with an interplate ciliated groove, on the other hand, do not depend on mechanical interaction between active plates for co-ordination. Instead, the lobates use neuroid conduction at the junction between the interplate ciliated groove and the comb plate, at the junction between adjacent interplate ciliated grooves, and probably along the ciliated grooves and interplate ciliated grooves as well. Ciliary co-ordination may therefore be entirely neuroid in lobate ctenophores. 4. In both types of ctenophores the comb plates may be triggered to beat by depolarization of the comb-plate cells. Electiical excitation of a plate could be caused by mechanical deformation of its base arising from the motion of the preceding plate (in cydippids and beroids), or by a neuroid process at the interplate ciliated groove-comb plate junction (in lobates). 5. These findings resolve a long-standing controversy over the mechanism of ciliary co-ordination in ctenophores.


1956 ◽  
Vol 102 (428) ◽  
pp. 517-529 ◽  
Author(s):  
S. B. G. Eysenck

The problem we are concerned with is the relationship between neurosis and psychosis. It is well known psychiatrically that many patients tend to be what are called “mixed” states, meaning that the diagnostic classification is doubtful. Patients complaining of physical symptoms, such as sleeplessness, heart palpitations, and other signs of autonomic imbalance, accompanied by anxiety or phobias, and who seem well reality-oriented, are not hallucinated or deluded and do not show any cognitive deterioration, are classed as neurotics. Psychotics, on the other hand, are generally deluded and hallucinated, are poorly reality-oriented, tend to show signs of cognitive deterioration, but have an absence of the physical symptoms so characteristic of neurotic disorders.


Parasitology ◽  
1935 ◽  
Vol 27 (1) ◽  
pp. 123-144 ◽  
Author(s):  
John MacLeod

In a previous paper (MacLeod, 1934) the different physical factors in the environmental complex of the sheep tick were discussed in their relation to the development of the gorged tick, and an experimental analysis was made of the effects produced, under laboratory conditions, by their action and interaction. The present paper deals with the active unfed ticks. These present rather a different problem from the gorged ticks, for, whereas in their case the climatic optimum resolved itself into that combination of conditions under which development proceeded favourably and with a low attendant mortality, the unfed tick, on the other hand, is faced with two desiderata, survival and hostparasitisation, the physical optima for which may not be coincident. It is necessary, therefore, to consider not only the climatic optimum for survival and activity, but also the factor or factors which influence parasitisation, and those conditions under which host-parasitisation is facilitated.


1999 ◽  
Vol 173 ◽  
pp. 249-254
Author(s):  
A.M. Silva ◽  
R.D. Miró

AbstractWe have developed a model for theH2OandOHevolution in a comet outburst, assuming that together with the gas, a distribution of icy grains is ejected. With an initial mass of icy grains of 108kg released, theH2OandOHproductions are increased up to a factor two, and the growth curves change drastically in the first two days. The model is applied to eruptions detected in theOHradio monitorings and fits well with the slow variations in the flux. On the other hand, several events of short duration appear, consisting of a sudden rise ofOHflux, followed by a sudden decay on the second day. These apparent short bursts are frequently found as precursors of a more durable eruption. We suggest that both of them are part of a unique eruption, and that the sudden decay is due to collisions that de-excite theOHmaser, when it reaches the Cometopause region located at 1.35 × 105kmfrom the nucleus.


Author(s):  
A. V. Crewe

We have become accustomed to differentiating between the scanning microscope and the conventional transmission microscope according to the resolving power which the two instruments offer. The conventional microscope is capable of a point resolution of a few angstroms and line resolutions of periodic objects of about 1Å. On the other hand, the scanning microscope, in its normal form, is not ordinarily capable of a point resolution better than 100Å. Upon examining reasons for the 100Å limitation, it becomes clear that this is based more on tradition than reason, and in particular, it is a condition imposed upon the microscope by adherence to thermal sources of electrons.


Author(s):  
K.H. Westmacott

Life beyond 1MeV – like life after 40 – is not too different unless one takes advantage of past experience and is receptive to new opportunities. At first glance, the returns on performing electron microscopy at voltages greater than 1MeV diminish rather rapidly as the curves which describe the well-known advantages of HVEM often tend towards saturation. However, in a country with a significant HVEM capability, a good case can be made for investing in instruments with a range of maximum accelerating voltages. In this regard, the 1.5MeV KRATOS HVEM being installed in Berkeley will complement the other 650KeV, 1MeV, and 1.2MeV instruments currently operating in the U.S. One other consideration suggests that 1.5MeV is an optimum voltage machine – Its additional advantages may be purchased for not much more than a 1MeV instrument. On the other hand, the 3MeV HVEM's which seem to be operated at 2MeV maximum, are much more expensive.


2005 ◽  
Vol 19 (3) ◽  
pp. 129-132 ◽  
Author(s):  
Reimer Kornmann

Summary: My comment is basically restricted to the situation in which less-able students find themselves and refers only to literature in German. From this point of view I am basically able to confirm Marsh's results. It must, however, be said that with less-able pupils the opposite effect can be found: Levels of self-esteem in these pupils are raised, at least temporarily, by separate instruction, academic performance however drops; combined instruction, on the other hand, leads to improved academic performance, while levels of self-esteem drop. Apparently, the positive self-image of less-able pupils who receive separate instruction does not bring about the potential enhancement of academic performance one might expect from high-ability pupils receiving separate instruction. To resolve the dilemma, it is proposed that individual progress in learning be accentuated, and that comparisons with others be dispensed with. This fosters a self-image that can in equal measure be realistic and optimistic.


Author(s):  
Stefan Krause ◽  
Markus Appel

Abstract. Two experiments examined the influence of stories on recipients’ self-perceptions. Extending prior theory and research, our focus was on assimilation effects (i.e., changes in self-perception in line with a protagonist’s traits) as well as on contrast effects (i.e., changes in self-perception in contrast to a protagonist’s traits). In Experiment 1 ( N = 113), implicit and explicit conscientiousness were assessed after participants read a story about either a diligent or a negligent student. Moderation analyses showed that highly transported participants and participants with lower counterarguing scores assimilate the depicted traits of a story protagonist, as indicated by explicit, self-reported conscientiousness ratings. Participants, who were more critical toward a story (i.e., higher counterarguing) and with a lower degree of transportation, showed contrast effects. In Experiment 2 ( N = 103), we manipulated transportation and counterarguing, but we could not identify an effect on participants’ self-ascribed level of conscientiousness. A mini meta-analysis across both experiments revealed significant positive overall associations between transportation and counterarguing on the one hand and story-consistent self-reported conscientiousness on the other hand.


2019 ◽  
Vol 50 (2) ◽  
pp. 80-93
Author(s):  
Jort de Vreeze ◽  
Christina Matschke

Abstract. Not all group memberships are self-chosen. The current research examines whether assignments to non-preferred groups influence our relationship with the group and our preference for information about the ingroup. It was expected and found that, when people are assigned to non-preferred groups, they perceive the group as different to the self, experience negative emotions about the assignment and in turn disidentify with the group. On the other hand, when people are assigned to preferred groups, they perceive the group as similar to the self, experience positive emotions about the assignment and in turn identify with the group. Finally, disidentification increases a preference for negative information about the ingroup.


1961 ◽  
Vol 6 (6) ◽  
pp. 222-223
Author(s):  
Edwin G. Boring
Keyword(s):  

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