Análise da sobre-reação e sub-reação nos ativos de primeira e segunda lina do mercado acionário brasileiro

The Behavioral Finance develop as it is perceived anomalies in these markets efficient. This fields of study can be grouped into three major groups: heuristic bias, tying the shape and inefficient markets. The present study focuses on issues concerning the heuristics of representativeness and anchoring. This study aimed to identify the then under-reaction and over-reaction, as well as the existence of symmetry in the active first and second line of the Brazilian stock market. For this, it will be use the Fuzzy Logic and the indicators that classify groups studied from the Discriminant Analysis. The highest present, indicator in the period studied, was the Liabilities / Equity, demonstrating the importance of the moment to discriminate the assets to be considered "winners" and "losers." Note that in the MLCX biases over-reaction is concentrated in the period of financial crisis, and in the remaining periods of statistically significant biases, are obtained by sub-reactions. The latter would be in times of moderate levels of uncertainty. In the Small Caps the behavioral responses in 2005 and 2007 occur in reverse to those observed in the Mid-Large Cap. Now in times of crisis would have a marked conservatism while near the end of trading on the Bovespa speaker, accompanied by an increase of negotiations, there is an overreaction by investors. The other heuristics in SMLL occurred at the end of the period studied, this being a under-reaction and the other a over-reaction and the second occurring in a period of financial-economic more positive than the first. As regards the under / over-reactivity in both types, there is detected a predominance of either, which probably be different in the context in MLCX without crisis. For the period in which such phenomena occur in a statistically significant to note that, in most cases, such phenomena occur during the periods for MLCX while in SMLL not only biases are less present as there is no concentration of these at any time . Given the above, it is believed that while detecting the presence of bias behavior at certain times, these do not tend to appear to a specific type or heuristics and while there were some indications of a seasonal pattern in Mid- Large Caps, the same behavior does not seem to be repeated in Small Caps. The tests would then suggest that momentary failures in the Efficient Market Hypothesis when tested in semistrong form as stated by Behavioral Finance. This result confirms the theory by stating that not only rationality, but also human irrationality, is limited because it would act rationally in many circumstances

Motor de juegos en Ruby para Android

[ES] El proyecto es un motor de juegos, que permite programar videojuegos usando el lenguaje Ruby en dispositivos Android. La API del motor es igual a la del software para PC Gosu, con lo que se extiende su uso a terminales móviles. La novedad principal radica en que se trata del primer motor, que permite programar juegos en Android usando Ruby, dado que el resto de motores hasta la fecha obligan al desarrollador a usar Java. Para lograr esto, se usa un intérprete de Ruby programado en Java llamado Ruboto. Este intérprete es una adaptación de JRuby que fue desarrollado para ser usado en PC.

Gestor de exposiciones caninas en Ruby on Rails

[ES]Desarrollo de una aplicación online para gestionar exposiciones caninas mediante el framework Ruby on Rails para la construcción de un portal web completo, dedicado al sector de las exposiciones caninas de belleza. Se utiliza la metodología de desarrollo ágil eXtreme Programmin, ha sido un desarrollo guiado por pruebas de aceptación (ATDD). Para las pruebas se ha utilizado Rspec y Cucumber. Está incluida información respecto al esquema jerárquico de las razas según la FCI y tenemos la posibilidad de administrar exposiciones caninas de belleza. Como administradores tenemos capacidades CRUD sobre ellas. Como usuarios podemos consultar la información que hay en el sistema respecto a las exposiciones, e inscribir a nuestros perros a las mismas.

The Geology and Ore Deposits of the Ruby Gulch Mine

The Ruby Gulch Mine, owned and operated by the Ruby Gulch Mining Company, Zortman, Montana, is one of the most important low-grade gold producers in the state. Sit­uated in the Little Rocky Mountains, the mine has had an interesting history since its discovery shortly before the turn of the century.

Lina Morgenstern

Adolph Kohut

Lina Morgenstern [Illustration] : (Porträt)

Scan von Monochrom-Mikroform

Lina Morgenstern : (geb. 25. November 1830, gest. 16. Dezember 1909)

N. O.

Lina Morgenstern [Illustration] : (Porträt)

Scan von Monochrom-Mikroform

Lina Frieb, Ganzfigurbildnis

Signatur des Originals: S 36/F00476

Lina John, Ganzfigurbildnis

Signatur des Originals: S 36/F00899

Lina Mahler, Brustbild

Signatur des Originals: S 36/F01169