Introducing higher moments in the CAPM: some basic ideas

We show how to include in the CAPM moments of any order, extending the mean-variance or mean-variance-skewness versions available until now. Then, we present a simple way to modify the formulae, in order to avoid the appearance of utility parameters. The results can be easily applied to practical portfolio design, with econometric inference and testing based on generalised method of moments procedures. An empirical application to the Brazilian stock market is discussed.

Prebisch: the continuing validity of his basic ideas

Includes bibliography

Sustainability and solidarity – basic ideas of new financial structures. Policy Brief #2012/07

Federal financial structures which include fiscal equalization between the states are and will remain to be indispensable. Such structures are required to equalize the significant regional economic differences which exist within the federal republic and to ensure sufficient funding for the responsibilities of the public sector across the nation. The current federal financial structures have a number of structural flaws which regard both the criteria for tax distribution, the design of the debt brake and the role of municipalities. The financial structures will have to be revised beginning in 2020. The objective is to consolidate in the long term the budgets of federation, state and municipal governments and to safe-guard a modern welfare state.

Basic ideas in religion; or, Apologetic theism.

Bibliographical footnotes.

Kehittävän kuntoutuksen mahdollisuudet. : Tutkimus Aslak -kuntoutuksen työkytkennän ja asiakkuuden rakentumisesta.

The possibilities of developmental rehabilitation. A study on the construction of work relatedness and the customer in Aslak rehabilitation The challenge of work-related rehabilitation is to anticipate the factors threatening work ability and to affect them. The purpose of this study was to analyze how work-related rehabilitation is constructed in practice and what are the challenges and, at the same time, the possibilities of an innovative transformation of rehabilitation when trying to achive this goal. The theoretical basis is cultural-historical activity theory and developmental work research. Based on a historical analysis, I studied rehabilitation activity empirically using the data gathered from one Aslak programme (Aslak = occupationally oriented medical rehabilitation) over two years. I described and analysed the construction of Aslak using ethnographic data and interviews. The data includes audio- and video-recordings of the Aslak course, fieldnotes, documents and other materials used in the course. The study aimed to reveal rehabilitation practices from different perspectives carried out by different stakeholders and participants in the Aslak course. It focused on the Aslak trajectory produced by a multiorganizational subject. I analyzed the rehabilitation activity using the method of ethnographic analysis of infrastructure. The method of analyzing the construction of the object of rehabilititation the customer was a membership categorization analysis (MCD) based on the ethnomethodological research tradition. I analyzed the meanings denoting customers given by different parties during one Aslak process and the relations between the meanings. Based on this analysis, I studied the disturbances, ruptures, and innovations in the rehabilitation activity. The results of the study show that the infrastructure of Aslak has different basic ideas. Aslak is constructed most explicitly on the infrastructure of medical rehabilitation. The second layer has been provided with some tools of identifying and preventing well-defined occupation-specific load factors. However, it has failed to perform a new structure, as Aslak has encountered, at the same time, rapid changes in working life. The study identified some promising markers representing new kinds of work-related rehabilitation ideas, but they proved to be incomplete and fragile. As a consequence of the multilayered infrastructure, the contents of the Aslak course were split into fragmented phases and disconnected themes, which were blocked in by the master idea of medical orientation. Its relationship to work remained weak and obscure. The categorizations of customers in Aslak were manifold and contradictory. According to the results, the possibilities for transforming work-related rehabilitation lie both in changing the orientation to the customer to be more relevant to changing working life and forging the infrastructural innovations related to this change. The results showed that a new work-relatedeness would be difficult but possible to construct. What is needed is the construction of an infrastructure that will support a coherent master idea of work-related rehabilitation over the entire trajectory of a process. A shared idea of a rehabilitation object must be constructed in close collaboration between different stakeholders, such as Kela (the Social Insurance Institution of Finland), occupational health services, work organizations, and rehabilitation institutes. Key words: Aslak rehabilitation, work-related rehabilitation, development of rehabilitation, customer of rehabilitation, developmental work research, analysis of infrastructure, membership category analysis

Idealähtöistä koulualgebraa : IDEAA-opetusmallin kehittäminen algebran opetukseen peruskoulun 7. luokalla

This research is based on the problems in secondary school algebra I have noticed in my own work as a teacher of mathematics. Algebra does not touch the pupil, it remains knowledge that is not used or tested. Furthermore the performance level in algebra is quite low. This study presents a model for 7th grade algebra instruction in order to make algebra more natural and useful to students. I refer to the instruction model as the Idea-based Algebra (IDEAA). The basic ideas of this IDEAA model are 1) to combine children's own informal mathematics with scientific mathematics ("math math") and 2) to structure algebra content as a "map of big ideas", not as a traditional sequence of powers, polynomials, equations, and word problems. This research project is a kind of design process or design research. As such, this project has three, intertwined goals: research, design and pedagogical practice. I also assume three roles. As a researcher, I want to learn about learning and school algebra, its problems and possibilities. As a designer, I use research in the intervention to develop a shared artefact, the instruction model. In addition, I want to improve the practice through intervention and research. A design research like this is quite challenging. Its goals and means are intertwined and change in the research process. Theory emerges from the inquiry; it is not given a priori. The aim to improve instruction is normative, as one should take into account what "good" means in school algebra. An important part of my study is to work out these paradigmatic questions. The result of the study is threefold. The main result is the instruction model designed in the study. The second result is the theory that is developed of the teaching, learning and algebra. The third result is knowledge of the design process. The instruction model (IDEAA) is connected to four main features of good algebra education: 1) the situationality of learning, 2) learning as knowledge building, in which natural language and intuitive thinking work as "intermediaries", 3) the emergence and diversity of algebra, and 4) the development of high performance skills at any stage of instruction.

An elementary introduction to solar dynamo theory

The cyclically varying magnetic field of the Sun is believed to be produced by the hydromagnetic dynamo process. We first summarize the relevant observational data pertaining to sunspots and solar cycle. Then we review the basic principles of MHD needed to develop the dynamo theory. This is followed by a discussion how bipolar sunspots form due to magnetic buoyancy of flux tubes formed at the base of the solar convection zone. Following this, we come to the heart of dynamo theory. After summarizing the basic ideas of a turbulent dynamo and the basic principles of its mean field formulation, we present the famous dynamo wave solution, which was supposed to provide a model for the solar cycle. Finally we point out how a flux transport dynamo can circumvent some of the difficulties associated with the older dynamo models.

Attraction, with boundaries

We study the basin of attraction of static extremal black holes, in the concrete setting of the STU model. By finding a connection to a decoupled Toda-like system and solving it exactly, we find a simple way to characterize the attraction basin via competing behaviors of certain parameters. The boundaries of attraction arise in the various limits where these parameters degenerate to zero. We find that these boundaries are generalizations of the recently introduced (extremal) subtracted geometry: the warp factors still exhibit asymptotic integer power law behaviors, but the powers can be different from one. As we cross over one of these boundaries ('generalized subttractors'), the solutions turn unstable and start blowing up at finite radius and lose their asymptotic region. Our results are fully analytic, but we also solve a simpler theory where the attraction basin is lower dimensional and easy to visualize, and present a simple picture that illustrates many of the basic ideas.

Alternative methods for surface texturing

Surface texturing has a great potential to improve tribological performance. First, possible texturing methods were identified and classified according to their physical principles. In sequence, some alternative texturing methods are presented. Some of them are already currently used either in industry or in laboratory, and innovations or simplifications are described for them. Others are innovative techniques. Some were explored only tentatively, where basic ideas and simple experimental investigations were developed to check their validity. Others were explored in more detail, so that their practical applicability could be identified. The first texturing method was photochemical texturing using a simple and cheap apparatus. Masking with inkjet printing before chemical etching was also successful to texture metallic samples. A new method involving electrochemical texturing, without the need to previously mask the samples to be textured have been studied in terms of voltage, current, mechanical configuration of the apparatus and electrolyte flushing. Another method aims to generate randomly distributed circular pockets on steel surfaces and involves dispersion of small acid droplets in oil. The final method involves the selective formation of hard areas on a steel surface by locallised diffusion, which should then develop into a texture during wear.

Ultrashort pulse generation in diode lasers

The basic ideas and current state of the art of ultrashort pulse generation by injection lasers are reviewed. All developed techniques, including gain switching, Q-switching, and mode-locking are described and compared. A simple theoretical treatment of a diode laser which emits picosecond light pulses is discussed. Some fundamental limits of the pulse parameters are discussed. Finally, compression of chirped optical pulses by optical fibres and the soliton effect is considered. © 1992 Chapman & Hall.

facilitating formal specification acquisition by using recursive functions on context-free languages

Although formal specification techniques are very useful in software development, the acquisition of formal specifications is a difficult task. This paper presents the formal specification language LFC, which is designed to facilitate the acquisition and validation of formal specifications. LFC uses context-free languages for syntactic aspect and relies on a new kind of recursive functions, i.e. recursive functions on context-free languages, for semantic aspect of specifications. Construction and validation of LFC specifications are machine-aided. The basic ideas behind LFC, the main aspects of LFC, and the use of LFC and illustrative examples are described.

An overview of nonlinear identification and control with neural networks.

The aim of this chapter is to introduce background concepts in nonlinear systems identification and control with artificial neural networks. As this chapter is just an overview, with a limited page space, only the basic ideas will be explained here. The reader is encouraged, for a more detailed explanation of a specific topic of interest, to consult the references given throughout the text. Additionally, as general books in the field of neural networks, the books by Haykin [1] and Principe et al. [2] are suggested. Regarding nonlinear systems identification, covering both classical and neural and neuro-fuzzy methodologies, Reference 3 is recommended. References 4 and 5 should be used in the context of B-spline networks.

The effect of music marketing: A consumer perspective

The purpose of this thesis is to get a consumer perspective regarding event marketing in music festivals. Event marketing is a tool used by marketers that evolved out of philanthropy and commercial sponsorship. Brands are more and more using music or other entertainment moments to create a strong relationship with their clients, and the target group at these events, the millennial generation. Brands use sponsoring and therefore event marketing for several reasons as: increase brand awareness; create brand image; re-position the brand/product in the minds of consumers; increase profit over a short period; and, achieve larger market share. Nonetheless, we wonder how is this tool seen by consumers? To understand this, a preliminary research with nine interviews was conducted to obtain basic ideas about event marketing. Afterwards the main research was developed, also using interviews, to get deeper insights. With this thesis, it is possible to conclude that some brands are able to create brand awareness on attendees through brand sponsorship. Moreover, entertainment activities in festivals are well seen by consumers, they like it and are able to describe it well, even though it is more about the activity itself than the brand promoting it. Furthermore, it was possible to understand that experiential marketing in a festival might have a positive effect on consumers as it might create a link between the event and the brand. Finally, we recommend some actions, for brands to develop in future music festivals.

Concept de non-violence chez le théologien processuel David Ray Griffin entre la guerre du Vietnam et celle d'Iraq (1968-2008)

La non-violence fait référence à une idéologie et un ensemble de pratiques qui ont pour caractéristique commune de rejeter la violence sous toutes ses formes dans l’actualisation quotidienne. La non-violence est cependant devenue également un outil auquel certains recourrent dans des objectifs qui ne servent pas nécessairement le bien commun. En d’autres termes, la non-violence n’est pas systématiquement un outil de paix. Elle est un moyen d’obtenir ce que l’on veut, sans recourir à la violence. Cette thèse propose une vision de la non-violence au service du bien commun. Elle puise dans l’historicité de grands événements et acteurs qui ont utilisé la non-violence pour libérer une collectivité de formes d’oppression qui amenuisaient la dignité humaine. Elle fait référence à des auteurs et acteurs qui ont influencé le théologien processuel David Ray Griffin dans sa propre démarche d’enseignement et de recherche théologiques sur une quarantaine d’années, soient de la guerre du Vietnam à celle d’Iraq. Les dates survolées vont de 1968 à 2008. Une première démarche entreprise par la recherche est de comprendre le plus précisément possible quelles sont les avenues les plus récentes concernant la non-violence et d’explorer ses influences sur la vie et la carrière du théologien processuel États-Unien David Ray Griffin. En second lieu, une rétrospective historique des événements marquants aux États-Unis permet de cerner le contexte au sein duquel Griffin a évolué et comment son discours a laissé transparaître ces influences historiques, sociales et académiques. Une analyse plus centrée sur la politique extérieure des États-Unis en matière d’économie et de militarisme aiguille vers l’identification de signes que Griffin qualifie lui-même d’anti-théologiques, ce qui l’incite à élaborer une vision paradigmatique globalisante, équilibrée selon lui, où les ressources planétaires sont redistribuées dans un souci d’équité et de justice. Pour ce faire, un tribunal international, une religion globale, à l’image de ce que propose la pensée processuelle whiteheadienne-hartshornienne sont proposés. Griffin en brosse les grands traits dans un discours où l’exhortation s’assortit d’une méthodologie et d’une pédagogie éprouvés depuis 40 ans. Une grille d’analyse des textes griffiniens est par la suite élaborée, structurant les différentes composantes fondamentales de sa pensée. Un modèle d’intégration des valeurs de la non-violence est dégagé des lectures, applicable à d’autres disciplines. Appuyé sur une tradition authentique d’auteurs non-violents, David Ray Griffin présente les caractéristiques d’un homme de paix, duquel les idéaux débordent le cadre national pour rejoindre le planétaire, dans une visée résolument sotériologique. Cette visée devient urgente alors que les événements des attentats terroristes du World Trade Center du 11 septembre 2001 font dire à Griffin que non seulement les États-Unis sont engagés dans une démarche impérialiste démoniaque, mais qu’ils contribuent de manière accélérée à la destruction de la planète. Il faut absolument, croit-il, renverser le courant et devenir, pour le monde, un leader de la réparation des écosystèmes, des économies et des sociétés. S’adjoignant des auteurs d’autres disciplines, et toujours dans un cadre processuel, Griffin entreprend le long périple pédagogique qu’est celui de convaincre le plus grand nombre d’individus possible que le temps est venu d’agir.

Investigations on the Dynamics of Combination Maps and the Analysis of Bifurcation in a Discontinuous Logistic Map

This thesis is a study of discrete nonlinear systems represented by one dimensional mappings.As one dimensional interative maps represent Poincarre sections of higher dimensional flows,they offer a convenient means to understand the dynamical evolution of many physical systems.It highlighting the basic ideas of deterministic chaos.Qualitative and quantitative measures for the detection and characterization of chaos in nonlinear systems are discussed.Some simple mathematical models exhibiting chaos are presented.The bifurcation scenario and the possible routes to chaos are explained.It present the results of the numerical computational of the Lyapunov exponents (λ) of one dimensional maps.This thesis focuses on the results obtained by our investigations on combinations maps,scaling behaviour of the Lyapunov characteristic exponents of one dimensional maps and the nature of bifurcations in a discontinous logistic map.It gives a review of the major routes to chaos in dissipative systems,namely, Period-doubling ,Intermittency and Crises.This study gives a theoretical understanding of the route to chaos in discontinous systems.A detailed analysis of the dynamics of a discontinous logistic map is carried out, both analytically and numerically ,to understand the route it follows to chaos.The present analysis deals only with the case of the discontinuity parameter applied to the right half of the interval of mapping.A detailed analysis for the n –furcations of various periodicities can be made and a more general theory for the map with discontinuities applied at different positions can be on a similar footing