Feasible estimation of generalized linear mixed models (GLMM) with weak dependency between groups

This paper presents a two-step pseudo likelihood estimation technique for generalized linear mixed models with the random effects being correlated between groups. The core idea is to deal with the intractable integrals in the likelihood function by multivariate Taylor's approximation. The accuracy of the estimation technique is assessed in a Monte-Carlo study. An application of it with a binary response variable is presented using a real data set on credit defaults from two Swedish banks. Thanks to the use of two-step estimation technique, the proposed algorithm outperforms conventional pseudo likelihood algorithms in terms of computational time.

Den skickligt inkompetente chefen

The skilled incompetent manager Based on a critical interpretation of a leadership seminar we illustrate how the performance of the managers involved skilled incompetence. It expresses itself through a non-critical attitude, easily-made solutions and pseudo-communication, which together fuel a kind of knowledge flexibility. This uncritical, somewhat shallow and pragmatic attitude towards knowledge (e.g. management concepts), ought not to be understood as just dysfunctional, but also as a more or less unaware but adjusted competence, that in some situations works as a social lubricant in bureaucratic organizations.