Value at Looking Back: Towards an Empirical Validation of the Role of Reflexivity in Econo-Historic Backtesting: Economic Market Prediction Corrections Correlate with Future Market Performance

Author(s):  
Julia M. Puaschunder
2019 ◽  
Vol 8 (1) ◽  
pp. 223-239 ◽  
Author(s):  
Julia Puaschunder

The following article innovatively paints a novel picture of the mass psychological underpinnings of business cycles based on information flows in order to recommend how certain communication strategies could counterweight and alleviate information failing market performance expectations that could potentially build disastrous financial market mass movements of booms and busts. An introduction to the history of economic cycles will lead to George Soros’ Theory of Reflexivity in order to draw inferences for the analysis of the role of information in creating economic booms and busts in the age of globalization. Empirically, based on a central European central bank’s GNP projections and backtesting corrections, a pattern of central bank corrections communication and economic market performance will be unraveled for the first time to outline that central bank market prediction corrections are positively correlated with near future market performances and negatively correlated with distant future market performances. The collective reality of prices and the irrationality of the crowds perturbating markets will be discussed. Business cycles are argued to obey some kind of natural complexity, as for being influenced by econo-historic communication trends. Recommendations how to create more stable economic systems by avoiding emergent risks in communicating market prospects more cautiously will be given in the discussion followed by a prospective future research outlook and conclusion.


2018 ◽  
Vol 2 ◽  
pp. 239821281879483 ◽  
Author(s):  
John P. Aggleton ◽  
Richard G. M. Morris

This review brings together past and present achievements in memory research, ranging from molecular to psychological discoveries. Despite some false starts, major advances include our growing understanding of learning-related neural plasticity and the characterisation of different classes of memory. One striking example is the ability to reactivate targeted neuronal ensembles so that an animal will seemingly re-experience a particular memory, with the further potential to modify such memories. Meanwhile, human functional imaging studies can distinguish individual episodic memories based on voxel activation patterns. While the hippocampus continues to provide a rich source of information, future progress requires broadening our research to involve other sites. Related challenges include the need to understand better the role of glial–neuron interactions and to look beyond the synapse as the sole site of experience-dependent plasticity. Unmet goals include translating our neuroscientific knowledge in order to optimise learning and memory, especially among disadvantaged populations.


2020 ◽  
Vol 29 (2) ◽  
pp. 746-755
Author(s):  
Harini Abrilia SETYAWATI ◽  
◽  
Agus SUROSO ◽  
Pramono Hari ADI ◽  
Wiwiek Robiatul ADAWIYAH ◽  
...  

Author(s):  
Pravina Jayapal ◽  
Azizah Omar

The proliferation of SMEs in Malaysia shows that a better understanding on this SMEs are needed. Even though the SME market is booming, these SMEs face difficulties in sustaining in the constantly evolving marketplace. In order to continuously flourish in this industry, the firms should understand the role of value co-creation in improving their market performance. The lack of value co-creation implementation has been found to act as a barrier for these SMEs. Moreover, SMEs are identified to have issues in establishing a strong brand image through value co-creation. Therefore, the book chapter develops a conceptual framework to improve the understanding on the contribution of value co-creation in the development of stronger brand image and greater market performance.


2020 ◽  
Vol 7 (1) ◽  
pp. 52-68
Author(s):  
Benjamin Fifield ◽  
Kosuke Imai ◽  
Jun Kawahara ◽  
Christopher T. Kenny

2011 ◽  
Vol 33 (2) ◽  
pp. 249-267 ◽  
Author(s):  
JERRY EVENSKY

When trust is shaken, individuals pull back and the market system contracts. Where trust grows, individual energy and creativity are unleashed and the system grows. In Adam Smith’s vision of humankind’s progress, trust is the central theme.The Great Recession represents a classic case of a crisis of trust. Looking back to the work of Smith offers insight into the role of citizens and the State in creating an fruitful market environment based on trust, and the challenge of this process, given the human frailty of individuals (unfortunately, we are not angels) and the potential for State power to be captured and abused.


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