Ich bin sehr an fremde Bücher und besondere Menschengewöhnt, aber Hawkins zeichnet sich durch seine Verwendung einer einfachen Technik zum Testen von Muskelspannung als Schlüssel zur "Wahrheit" jeglicher Art von Aussage überhaupt aus – d.h. nicht nur, ob die getestete Person es glaubt, sondern ob es wirklich wahr ist! Was allgemein bekannt ist, ist, dass Menschen automatische, unbewusste physiologische und psychologische Reaktionen auf fast alles zeigen, was ihnen ausgesetzt ist – Bilder, Geräusche, Berührungen, Gerüche, Ideen, Menschen. Also,, Muskellesen, um herauszufinden, (...) ihre wahren Gefühle ist überhaupt nicht radikal, im Gegensatz zur Verwendung es als Dousing Stick (mehr Muskellesen) zu tun "paranormale Wissenschaft". Hawkins beschreibt die Verwendung abnehmender Spannung in den Muskeln eines Arms als Reaktion auf die Erhöhung der kognitiven Belastung, wodurch der Arm als Reaktion auf den konstanten Druck der Finger eines Menschen abnimmt. Er scheint sich nicht bewusst zu sein, dass es in der Sozialpsychologie seit langem etablierte und umfangreiche Forschungsanstrengungen gibt, die mit solchen Phrasen wie "implizite Kognition", "Automatik" usw. bezeichnet werden, und dass seine Verwendung der "Kinesiologie" ein winziger Abschnitt ist. Neben dem Muskeltonus (selten verwendet) messen Sozialpsychologen EEG, galvanische Hautreaktionen und am häufigsten verbale Reaktionen auf Wörter, Sätze, Bilder oder Situationen manchmal von Sekunden bis Monate nach dem Stimulus. Viele, wie Bargh und Wegner, nehmen die Ergebnisse zu bedeuten, dass wir Automaten sind, die weitgehend ohne Bewusstsein über S1 (automatisiertes System 1) lernen und handeln, und viele andere wie Kihlstrom und Shanks sagen, dass diese Studien fehlerhaft sind und wir Kreaturen von S2 sind (deliberatives System 2). Obwohl Hawkins keine Ahnung zu haben scheint, wie in anderen Bereichen der beschreibenden Psychologie des Denkens höherer Ordnung, ist die Situation in Bezug auf "Automatik" immer noch so chaotisch wie damals, als Wittgenstein die Gründe für die Sterilität und Unfruchtbarkeit der Psychologie in den 30er Jahren beschrieb. Dennoch ist dieses Buch eine einfache Lektüre und einige Therapeuten und spirituelle Lehrer können es von Nutzen finden. Wer aus der modernen zweisystems-Sichteinen umfassenden, aktuellen Rahmen für menschliches Verhalten wünscht, kann mein Buch "The Logical Structure of Philosophy, Psychology, Mindand Language in Ludwig Wittgenstein and John Searle' 2nd ed (2019) konsultieren. Die jenigen,die sich für mehr meiner Schriften interessieren, können 'Talking Monkeys--Philosophie, Psychologie, Wissenschaft, Religion und Politik auf einem verdammten Planeten --Artikel und Rezensionen 2006-2019 3rd ed (2019) und Suicidal Utopian Delusions in the 21st Century 4th ed (2019) und andere sehen. (shrink)

Dies ist kein perfektes Buch, aber es ist einzigartig, und wenn Sie die ersten 400 oder so Seiten überspringen, sind die letzten 300 (von etwa 700) ein ziemlich guter Versuch, das, was über Verhalten bekannt ist, auf soziale Veränderungen in Gewalt und Manieren im Laufe der Zeit anzuwenden. Das Grundthema ist: Wie kontrolliert und begrenzt unsere Genetik den gesellschaftlichen Wandel? Überraschenderweise versäumt er es, die Natur der Verwandtseinsauswahl (inklusive Fitness) zu beschreiben, die einen Großteil des tierischen und menschlichen gesellschaftlichen Lebens (...) erklärt. Ihm fehlt (wie fast jeder) ein klarer Rahmen für die Beschreibung der logischen Struktur der Rationalität (LSR – John Searles bevorzugter Begriff), den ich lieber die Deskriptive Psychologie des Höheren Ordnungsdenkens (DPHOT) nenne. Er hätte etwas über die vielen anderen Arten des Missbrauchs und der Ausbeutung von Menschen und dem Planeten sagen sollen, da diese jetzt so viel schwerwiegender sind, dass andere Formen der Gewalt fast irrelevant werden. Die Ausweitung des Konzepts der Gewalt auf die globalen langfristigen-Folgen der Replikationvon Genen von jemandem und ein Verständnis dafür, wie Evolution funktioniert (d. h. die Auswahl von Verwandten), wird eine ganz andere Perspektive auf die Geschichte, die aktuellen Ereignisse und die Wahrscheinlichkeit bieten, wie die Dinge in den nächsten paar hundert Jahren ablaufen werden. Man könnte zunächst feststellen, dass der Rückgang der körperlichen Gewalt in der Geschichte durch die ständig wachsende gnadenlose Vergewaltigung des Planeten (d.h. durch die Zerstörung der Zukunft des eigenen Nachkommen) durch die Menschen ausgeglichen (und ermöglicht) wurde.’ Pinker (wie die meisten Menschen die meiste Zeit) wird oft durch die Oberflächlichkeiten der Kultur abgelenkt, wenn es auf die Biologie ankommt. Sehen Sie hier und im Netz meine aktuellen Rezensionen zu Wilsons 'The Social Conquest of Earth' und Nowak und Highfields 'SuperCooperators' hier und im Netz für eine kurze Zusammenfassung der Leere des 'wahren Altruismus'(Gruppenauswahl) und der Funktionsweise der Verwandtschaftsauswahl und der Nutzlosigkeit und Oberflächlichkeit der Beschreibung von Verhalten in kultureller Hinsicht. Dies ist die klassische Natur/Pflege-Frage und Die Natur übertrumpft die Pflege - unendlich. Was wirklich zählt, ist die Gewalt, die der Erde durch die unerbittliche Zunahme der Bevölkerungs- und Ressourcenvernichtung (aufgrund von Medizin und Technologie und Konfliktunterdrückung durch Polizei und Militär) zugefügt wird. Etwa 200.000 mehr Menschen pro Tag (ein anderes Las Vegas alle 10 Tage, ein anderes Los Angeles jeden Monat), die etwa 6 Tonnen Oberboden, die ins Meer/Person/Jahr gehen – etwa 1% der gesamten jährlichen Verschwinden der Welt, etc. bedeuten, dass, wenn nicht irgendein Wunder geschieht, die Biosphäre und Zivilisation in den nächsten zwei Jahrhunderten, weitgehend zusammenbrechen werden, und es wird Hunger, Elend und Gewalt jeder Art in einem schwindelerregenden Ausmaß geben. Die Manieren, Meinungen und Tendenzen der Menschen, Gewalttaten zu begehen, sind ohne ihre Möglichkeit, etwas zu tun, um diese Katastrophe zu vermeiden, von Bedeutung, und ich sehe nicht, wie das geschehen wird. Es gibt keinen Raum für Argumente, und auch keinen Sinn (ja, ich bin ein Fatalist), also werde ich nur ein paar Kommentare machen, als ob es Fakten wären. Stellen Sie sich nicht vor, dass ich ein persönliches Interesse daran habe, eine Gruppe auf Kosten anderer zu fördern. Ich bin 78, habe keine Nachkommen und keine nahen Verwandtenund identifiziere mich nicht mit einer politischen, nationalen oder religiösen Gruppe und betrachte die, zu der ich standardmäßig gehöre, als ebenso abstoßend wie alle anderen. Eltern sind die schlimmsten Feinde des Lebens auf der Erde, und wenn man den weiten Blick auf die Dinge nimmt, sind Frauen so gewalttätig wie Männer, wenn man bedenkt, dass die Gewalt von Frauen (wie die meisten von Männern) weitgehend in Zeitlupe, in zeitlicher und raumweiseer Entfernung erfolgt und meist durch Stellvertreter - von ihren Nachkommen und von Männern - ausgeübt wird. In zunehmendem Maße tragen Frauen Kinder, unabhängig davon, ob sie einen Partner haben, und die Wirkung, eine Frau von der Zucht abzuhalten, ist im Durchschnitt viel größer als das Stoppen eines Mannes, da sie der Fortpflanzungsengpass sind. Man kann der Ansicht sein, dass die Menschen und ihre Nachkommen das Elend, das ihnen zukommt, verdienen und (mit seltenen Ausnahmen) die Reichen und Berühmten die schlimmsten Übeltäter sind. Meryl Streep oder Bill Gates oder J.K Rowling und jedes ihrer Kinder kann 50 Tonnen Topsoil jedes Jahr für Generationen in die Zukunft zerstören, während ein indischer Bauer und seine 1 Tonne zerstören können. Wenn jemand das leugnet, ist das in Ordnung, und zu seinen Nachkommen sage ich "Willkommen in der Hölle auf Erden" (WTHOE). Heute liegt der Schwerpunkt immer auf den Menschenrechten, aber es ist klar, dass die menschliche Verantwortung die Menschenrechte ersetzen muss, wenn die Zivilisation eine Chance haben soll. Niemand bekommt Rechte, ohne ein verantwortungsvoller Bürger zu sein, und das erste, was dies bedeutet, istdie minmale Umweltzerstörung. Die grundlegendste Verantwortung sind keine Kinder, es sei denn, eure Gesellschaft bittet euch, sie zu produzieren. Eine Gesellschaft oder eine Welt, die Menschen nach dem Zufallsprinzip züchten lässt, wird immer von egoistischen Genen ausgebeutet, bis sie zusammenbricht (oder einen Punkt erreicht, an dem das Leben so schrecklich ist, dass es nicht lebenswert ist). Wenn, die Gesellschaft weiterhin die Menschenrechte als primäre, zu ihren Nachkommen, kann man mit Zuversicht sagen "WTHOE". Wer aus der modernen zweisystems-Sichteinen umfassenden, aktuellen Rahmen für menschliches Verhalten wünscht, kann mein Buch "The Logical Structure of Philosophy, Psychology, Mindand Language in Ludwig Wittgenstein and John Searle' 2nd ed (2019) konsultieren. Diejenigen,die sich für mehr meiner Schriften interessieren, können 'Talking Monkeys--Philosophie, Psychologie, Wissenschaft, Religion und Politik auf einem verdammten Planeten --Artikel und Rezensionen 2006-2019 3rd ed (2019) und Suicidal Utopian Delusions in the 21st Century 4th ed (2019) und andere sehen. (shrink)

The safety condition is supposed to be a necessary condition on knowledge which helps to eliminate epistemic luck. It has been argued that the condition should be globalized to a set of propositions rather than the target proposition believed to account for why not all beliefs in necessary truths are safe. A remaining issue is which propositions are relevant when evaluating whether the target belief is safe or not. In the literature, solutions have been proposed to determine the relevance of (...) propositions. This paper examines a case of luckily true belief—thus a case of ignorance—and a case of knowledge. It argues that no solution in the literature offers a correct verdict in either case. Therefore, the strategy to globalize safety remains unsatisfactory. (shrink)

It has been argued that an advantage of the safety account over the sensitivity account is that the safety account preserves epistemic closure, while the sensitivity account implies epistemic closure failure. However, the argument fails to take the method-relativity of the modal conditions on knowledge, viz., sensitivity and safety, into account. In this paper, I argue that the sensitivity account and the safety account are on a par with respect to epistemic closure once the method-relativity of the modal conditions is (...) taken into account. Therefore, epistemic closure is no longer an arbiter in the debate. (shrink)

The one-side defaultable financial derivatives valuation problems have been studied extensively, but the valuation of bilateral derivatives with asymmetric credit qualities is still lacking convincing mechanism. This paper presents an analytical model for valuing derivatives subject to default by both counterparties. The default-free interest rates are modeled by the Market Models, while the default time is modeled by the reduced-form model as the first jump of a time-inhomogeneous Poisson process. All quantities modeled are market-observable. The closed-form solution gives us a (...) better understanding of the impact of the credit asymmetry on swap value, credit value adjustment, swap rate and swap spread. (shrink)

The LIBOR Market Model has become one of the most popular models for pricing interest rate products. It is commonly believed that Monte-Carlo simulation is the only viable method available for the LIBOR Market Model. In this article, however, we propose a lattice approach to price interest rate products within the LIBOR Market Model by introducing a shifted forward measure and several novel fast drift approximation methods. This model should achieve the best performance without losing much accuracy. Moreover, the calibration (...) is almost automatic and it is simple and easy to implement. Adding this model to the valuation toolkit is actually quite useful; especially for risk management or in the case there is a need for a quick turnaround. (shrink)

According to the sensitivity account of knowledge, S knows that p only if S’s belief in p is sensitive in the sense that S would not believe that p if p were false. The sensitivity condition is usually relativized to belief-formation methods to avoid putative counterexamples. A remaining issue for the account is where methods should be mentioned in the sensitivity subjunctives. In this paper, I argue that if methods are mentioned in the antecedent, then the account is too strong (...) to accommodate inductive knowledge; if methods are mentioned in the consequent, then the account is too weak to eliminate some luckily true beliefs from the realm of knowledge. Therefore, the strategy to relativize the sensitivity condition is undermined by inductive knowledge and some luckily true beliefs. (shrink)

According to the safety account of knowledge, one knows that p only if one’s belief could not easily have been false. An important issue for the account is whether we should only examine the target belief when evaluating whether a belief is safe or not. In this paper, it is argued that, if we should only examine the target belief, then the account fails to account for ignorance of necessary truths. But, if we should also examine beliefs in other relevant (...) propositions, then the account fails to account for knowledge from falsehood. Therefore, the safety account of knowledge is undermined by knowledge from falsehood and ignorance of necessary truths. (shrink)

Both motivational internalism and externalism need to explain why sometimes moral judgments tend to motivate us. In this paper, I argue that Dreier’ second-order desire model cannot be a plausible externalist alternative to explain the connection between moral judgments and motivation. I explain that the relevant second-order desire is merely a constitutive requirement of rationality because that desire makes a set of desires more unified and coherent. As a rational agent with the relevant second-order desire is disposed towards coherence, she (...) will have some motivation to act in accordance with her moral judgments. Dreier’s second-order desire model thus collapses into a form of internalism and cannot be a plausible externalist option to explain the connection between moral judgments and motivation. (shrink)

In this thesis, I explore motivational internalism and externalism, which concern the relationship between moral judgments and motivation. I first introduce the basic terms and different forms of internalism and externalism, including the externalist objections to internalism based on the famous counterexamples. I then argue against externalism by defending and developing Michael Smith’s fetishism argument. I not only respond to the externalist objections to the fetishism argument but also further argue against different externalist explanations of moral motivation that intend to (...) avoid the fetishism charge. Finally, I re-examine different forms of internalism in order to argue for a new form of internalism that can better preserve our internalist intuitions whilst accommodating the externalist counterexamples. My ultimate conclusion will be that the most plausible form of internalism to accept is constitutional, unconditional, relatively strong, direct internalism that is formulated in terms of dispositional desires. (shrink)

Objectives: The growing rate of retraction of scientific publications has attracted much attention within the academic community, but there is little knowledge about the nature of such retractions in schizophrenia-related research. This study aimed to analyze the characteristics of retractions of schizophrenia-related publications.

A combinatorial analysis of intrinsicality takes intrinsic properties to be independent of accompaniment: a property is intrinsic only if it is possible for a lonely or an accompanied thing to have it or lack it (I). Cameron argues that the combinatorial analysis in Langton & Lewis (1998) faces an epistemic circularity, which makes (I) suspicious. In this paper, I examine two approaches to free the combinatorial analyses from the circularity and find them all fail. Then I provide an outline of (...) an argument for (I) by appealing to the grounding analyses of intrinsicality, which shows an advantage of the grounding analyses over the combinatorial ones. (shrink)

Depending on whether we are somewhat tolerant of nearby error-possibilities or not, the safety condition on knowledge is open to a strong reading and a weak reading. In this paper, it is argued that induction and conjunction introduction constitute two horns of a dilemma for the safety account of knowledge. If we opt for the strong reading, then the safety account fails to account for inductive knowledge. In contrast, if we opt for the weak reading, then the safety account fails (...) to accommodate knowledge obtained via the method of conjunction introduction. (shrink)

Lack of a historical sense is the hereditary defect of philosophers. … So what is needed from now on is historical philosophizing, and with it the virtue of modesty.

Ratio, Volume 34, Issue 4, Page 303-311, December 2021.

This article proposes a term structure model for dual-currency interest rate markets. The model assumes that volatility is a deterministic function of time alone. This volatility structure can reduce the dimension of the required state variables. An important special case is presented, which corresponds essentially to a Vasicek/Hull-White yield curve model in each currency. The model is very useful for pricing cross-currency derivatives.

This paper examines two objections to the infinitist theory of epistemic justification, namely “the finite mind objection” and “the distinction objection.” It criticizes Peter Klein’s response to the distinction objection and offers a more plausible response. It is then argued that this response is incompatible with Klein’s response to the finite mind objection. Infinitists, it would seem, cannot handle both objections when taken together.

This paper presents a human-computer interaction model with a three layers learning mechanism in a pervasive environment. We begin with a discussion around a number of important issues related to human-computer interaction followed by a description of the architecture for a multi-agent cooperative design system for pervasive computing environment. We present our proposed three- layer HCI model and introduce the group formation algorithm, which is predicated on a dynamic sharing niche technology. Finally, we explore the cooperative reinforcement learning and fusion (...) algorithms; the paper closes with concluding observations and a summary of the principal work and contributions of this paper. (shrink)

This paper presents an analytical model for valuing interest rate swaps, subject to bilateral counterparty credit risk. The counterparty defaults are modeled by the reduced-form model as the first jump of a time-inhomogeneous Poisson process. All quantities modeled are market-observable. The closed-form solution gives us a better understanding of the impact of the credit asymmetry on swap value, credit value adjustment, swap rate and swap spread.

Chinese international students who studied in the United States received “double stigmatization” from American and Chinese authorities because of the “political othering” tactic during COVID-19. The research used a phenomenological approach to examine why and how specifically the transnational identity of Chinese international students in the United States shifted during the double stigmatization. The researcher conducted a total of three rounds of interviews with 15 Chinese international students who studied in the United States and returned to China between 2018 and (...) 2020, which culminated in 45 interviews through a longitudinal study to probe the transnational identities of this population before and during the double stigmatization; the study also examined how the mindsponge mechanism worked during the identity shifts and the interplay among stigmatization, transnational identity shifts, and the mindsponge mechanism. The study concluded that before COVID-19, Chinese international students had been stigmatized in both China and the United States. (shrink)

This article presents a new model for valuing a credit default swap (CDS) contract that is affected by multiple credit risks of the buyer, seller and reference entity. We show that default dependency has a significant impact on asset pricing. In fact, correlated default risk is one of the most pervasive threats in financial markets. We also show that a fully collateralized CDS is not equivalent to a risk-free one. In other words, full collateralization cannot eliminate counterparty risk completely in (...) the CDS market. (shrink)

This paper presents a new model for pricing OTC derivatives subject to collateralization. It allows for collateral posting adhering to bankruptcy laws. As such, the model can back out the market price of a collateralized contract. This framework is very useful for valuing outstanding derivatives. Using a unique dataset, we find empirical evidence that credit risk alone is not overly important in determining credit-related spreads. Only accounting for both collateral arrangement and credit risk can sufficiently explain unsecured credit costs. This (...) finding suggests that failure to properly account for collateralization may result in significant mispricing of derivatives. We also empirically gauge the impact of collateral agreements on risk measurements. Our findings indicate that there are important interactions between market and credit risk. (shrink)

Introduction: The development of advanced sewage technologies empowers the industry to produce high-quality recycled water, which greatly influences human’s life and health. Thus, this study investigates the mechanism of individuals’ adoption of recycled water from the technology adoption perspective. -/- Methods: Employing the mixed method of structural equation modeling and artificial neural network analysis, we examined a research model developed from the extended Unified Theory of Acceptance and Use of Technology (UTAUT2) framework. To examine the research model, this study employs (...) a leading web-survey company (Sojump) to collect 308 valid samples from the residents in mainland China. -/- Results: The structural equation modeling results verified the associations between the six predictors (performance expectancy, effort expectancy, social influence, facilitating conditions, environmental motivation, and price value), individuals’ cognitive and emotional attitudes, and acceptance intention. The artificial neural network analysis validates and complements the structural equation modeling results by unveiling the importance rank of the significant determinants of the acceptance decisions. -/- Discussion: The study provides theoretical implications for recycled water research and useful insights for practitioners and policymakers to reduce the environmental hazards of water scarcity. (shrink)

This paper presents a Least Square Monte Carlo approach for accurately calculating credit value adjustment (CVA). In contrast to previous studies, the model relies on the probability distribution of a default time/jump rather than the default time itself, as the default time is usually inaccessible. As such, the model can achieve a high order of accuracy with a relatively easy implementation. We find that the valuation of a defaultable derivative is normally determined via backward induction when their payoffs could be (...) positive or negative. Moreover, the model can naturally capture wrong or right way risk. (shrink)

This article presents a comprehensive framework for valuing financial instruments subject to credit risk. In particular, we focus on the impact of default dependence on asset pricing, as correlated default risk is one of the most pervasive threats in financial markets. We analyze how swap rates are affected by bilateral counterparty credit risk, and how CDS spreads depend on the trilateral credit risk of the buyer, seller, and reference entity in a contract. Moreover, we study the effect of collateralization on (...) valuation, since the majority of OTC derivatives are collateralized. The model shows that a fully collateralized swap is risk-free, whereas a fully collateralized CDS is not equivalent to a risk-free one. (shrink)

This study is done in order to find the factor of depression among the college student in Malaysia. Depression among the college student are increasing as it come from many factor. This study used behavioural theory as the foundations theories for the model development. The study involved 406 respondents, selected through google form responses involving all the university students around Malaysia. A structured questionnaire was used for data collection. All variables were measured through scales previously used by other researchers. In (...) behavioural theory, state that depression people precisely those who do not know how to cope with the fact that they are no longer receiving positive reinforcement like they before. Results shows the data analysis described that respondents having a financial problem where did not what how to differentiate between wants and need with the overall mean (M=2.51) and students always spend their money on uncertain things. (shrink)

In this essay, we will follow Tang Junyi’s lead in exploring issues related to Chinese diaspora and Chinese philosophy. While we largely endorse Tang’s call for overseas Chinese to establish themselves in their adopted lands, we will argue for a more nuanced view on the identity of Chinese people outside China: they are not marginalized individuals scattered out of “homeland” China, rather they are people legitimately established in their own respective countries. In this connection, we will also advance a view (...) of future Chinese philosophy as a world philosophy that takes roots in China as well as in the world at large. In our view, although Chinese immigrant thinkers in the past century have played a major role in promoting Chinese philosophy outside China, the importance of such a role is likely to decline along with the success of Chinese philosophy becoming a world philosophy. (shrink)

Equity-linked securities with a guaranteed return become popular in a volatile market environment. This paper presents a new model for valuing guaranteed equity-linked notes. We consider a security whose value depends on the performance of a basket of equities averaged over certain points in time, but that is floored by a guaranteed amount. We show that the security’s price is given by the sum of the guaranteed amount plus the price of an Asian style option on the basket above. The (...) model provides analytical formulas for the security’s price as well as for corresponding hedge ratios; these respective formulas appear to be accurate over a wide range of underlying security parameter values, based on numerical testing against a Monte Carlo benchmark, Finally, we apply our method to value a type of segregated fund with a maturity guarantee. (shrink)

This article presents a new methodology for pricing and hedging commodity derivatives. A generic model calibration is provided. The calibration procedure consists of an offline step where the mean reversion rates, the ratio of the long and short factor volatilities and the correlation between the long and short factors are determined via historical analysis. This offline step is performed relatively infrequently. There’s also an online step of the calibration which happens every time the model is used to price an option (...) or to simulate price paths. Empirical study shows that the model is quite accurate. (shrink)

Ang papel ay paglalagom ng itinuturing na pinakamahalagang yugto ng buhay ni José Rizal—ang kanyang pagkakatapon sa Dapitan, sa lente ng konseptong “bagani” ng ating mga ninuno. Sa pagbanggit sa lang nauna nang pag-aaral ukol kay Rizal, ipapakitang kung papaanong ang yugto sa Dapitan ay ang katuparan ng kanyang mga layunin sa La Liga Filipina, na kanyang isinabuhay kasama ang bayan. Sa lente ng kasalukuyang pandemyang COVID 19, makikita natin na tila naranasan din ni Rizal sa kanyang pagkakatapon ang ilang (...) bagay na ating dinaranas ngayon, na tila siya isang frontliner na nasa lockdown, inilagay sa kuwarentena, nag-homeschooling, nagkaroon ng lockdown sickness at namahagi ng ayudang pangkabuhayan sa mga mamamayan ng isang natutulog na bayan upang ito ay sumiglang muli. Nawa ay maging inspirasyon sa bayan na anuman ang hamon at mga balakid, walang makapipigil sa isang Pilipino na magsilbi sa bayan gamit ang kanyang mga talento at manatiling liwanag ng katotohanan at kaalaman. (shrink)

During the lifetime of a structured product, payment events and cancellation events mainly affect the value of the option. This article presents a model for pricing generic cancellable option. The model is used to build most common kinds of cancellation schedules and compute the cancellation probability.

This paper argues that the reduced-form jump diffusion model may not be appropriate for credit risk modeling. To correctly value hybrid defaultable financial instruments, e.g., convertible bonds, we present a new framework that relies on the probability distribution of a default jump rather than the default jump itself, as the default jump is usually inaccessible. As such, the model can back out the market prices of convertible bonds. A prevailing belief in the market is that convertible arbitrage is mainly due (...) to convertible underpricing. Empirically, however, we do not find evidence supporting the underpricing hypothesis. Instead, we find that convertibles have relatively large positive gammas. As a typical convertible arbitrage strategy employs delta-neutral hedging, a large positive gamma can make the portfolio highly profitable, especially for a large movement in the underlying stock price. (shrink)

This article presents a generic model for pricing financial derivatives subject to counterparty credit risk. Both unilateral and bilateral types of credit risks are considered. Our study shows that credit risk should be modeled as American style options in most cases, which require a backward induction valuation. To correct a common mistake in the literature, we emphasize that the market value of a defaultable derivative is actually a risky value rather than a risk-free value. Credit value adjustment (CVA) is also (...) elaborated. A practical framework is developed for pricing defaultable derivatives and calculating their CVAs at a portfolio level. (shrink)

This paper presents a new model for valuing hybrid defaultable financial instruments, such as, convertible bonds. In contrast to previous studies, the model relies on the probability distribution of a default jump rather than the default jump itself, as the default jump is usually inaccessible. As such, the model can back out the market prices of convertible bonds. A prevailing belief in the market is that convertible arbitrage is mainly due to convertible underpricing. Empirically, however, we do not find evidence (...) supporting the underpricing hypothesis. Instead, we find that convertibles have relatively large positive gammas. As a typical convertible arbitrage strategy employs delta-neutral hedging, a large positive gamma can make the portfolio highly profitable, especially for a large movement in the underlying stock price. (shrink)

The bruxism is a medical sleep syndrome it is the remedial span for crushing the tines and gritting the jowl. Human rarely chore their tines and jowl, slightly than crushing their teeth lacking it producing any signals. The symptoms of bruxism are arduousness in the jowl joint, breakable teeth, headache, earache and difficulty in open in mouth etc. The causes of bruxism are snooze sickness, pressure and nervousness. The REM is a rapid eye movement it's a stages of sleep. The (...) EEG signal are used in the measurement of neuron, the alpha, beta, gamma, theta and delta wave are used in the prognostic of bruxism syndrome. It's used in MATLAB coding by the six steps in prognostic in bruxism. Md Belal Bin Heyat | Faijan Akhtar | Shadab Azad "Comparative Analysis of Original Wave & Filtered Wave of EEG signal Used in the Prognostic of Bruxism medical Sleep syndrome" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-1 , December 2016,. (shrink)

This article presents a new model for valuing financial contracts subject to credit risk and collateralization. Examples include the valuation of a credit default swap (CDS) contract that is affected by the trilateral credit risk of the buyer, seller and reference entity. We show that default dependency has a significant impact on asset pricing. In fact, correlated default risk is one of the most pervasive threats in financial markets. We also show that a fully collateralized CDS is not equivalent to (...) a risk-free one. In other words, full collateralization cannot eliminate counterparty risk completely in the CDS market. (shrink)

This paper attempts to assess the economic significance and implications of collateralization in different financial markets, which is essentially a matter of theoretical justification and empirical verification. We present a comprehensive theoretical framework that allows for collateralization adhering to bankruptcy laws. As such, the model can back out differences in asset prices due to collateralized counterparty risk. This framework is very useful for pricing outstanding defaultable financial contracts. By using a unique data set, we are able to achieve a clean (...) decomposition of prices into their credit risk factors. We find empirical evidence that counterparty risk is not overly important in credit-related spreads. Only the joint effects of collateralization and credit risk can sufficiently explain unsecured credit costs. This finding suggests that failure to properly account for collateralization may result in significant mispricing of financial contracts. We also analyze the difference between cleared and OTC markets. (shrink)

The incremental risk charge (IRC) is a new regulatory requirement from the Basel Committee in response to the recent financial crisis. Notably few models for IRC have been developed in the literature. This paper proposes a methodology consisting of two Monte Carlo simulations. The first Monte Carlo simulation simulates default, migration, and concentration in an integrated way. Combining with full re-valuation, the loss distribution at the first liquidity horizon for a subportfolio can be generated. The second Monte Carlo simulation is (...) the random draws based on the constant level of risk assumption. It convolutes the copies of the single loss distribution to produce one year loss distribution. The aggregation of different subportfolios with different liquidity horizons is addressed. Moreover, the methodology for equity is also included, even though it is optional in IRC. (shrink)

Identification of non-coding RNAs (ncRNAs) has been significantly improved over the past decade. On the other hand, semantic annotation of ncRNA data is facing critical challenges due to the lack of a comprehensive ontology to serve as common data elements and data exchange standards in the field. We developed the Non-Coding RNA Ontology (NCRO) to handle this situation. By providing a formally defined ncRNA controlled vocabulary, the NCRO aims to fill a specific and highly needed niche in semantic annotation of (...) large amounts of ncRNA biological and clinical data. (shrink)

With the rapid development of information technology, the electricity consumption of Internet Data Centers (IDCs) increases drastically, resulting in considerable carbon emissions that need to be reduced urgently. In addition to the introduction of Renewable Energy Sources (RES), the joint use of the spatial migration capacity of IDC workload and the temporal flexibility of the demand of Electric Vehicle Charging Stations (EVCSs) provides an important means to change the carbon footprint of the IDC. In this paper, a sustainability improvement strategy (...) for the IDC carbon emission reduction was developed by coordinating the spatial-temporal dispatch flexibilities of the IDC workload and the EVCS demand. Based on the Minkowski sum algorithm, a generalized flexible load model of the EVCSs, considering traffic flow and Road Impedance (RI) was formulated. The case studies show that the proposed method can effectively increase the renewable energy consumption, reduce the overall carbon emissions of multi-IDCs, reduce the energy cost of the DCO, and utilize the EV dispatching potential. Discussions are also provided on the relationship between workload processing time delay and the renewable energy consumption rate. (shrink)

This comprehensive volume features the proceedings of the Third International Workshop on Logics for New-Generation Artificial Intelligence and the International Workshop on Logic, AI and Law, held in Hangzhou, China on September 8-9 and 11-12, 2023. The collection offers a diverse range of papers that explore the intersection of logic, artificial intelligence, and law. With contributions from some of the leading experts in the field, this volume provides insights into the latest research and developments in the applications of logic in (...) these areas. It is an essential resource for researchers, practitioners, and students interested in the latest advancements in logic and its applications to artificial intelligence and law. (shrink)

This chapter presents an analysis of Wang Bi’s (226-249 CE) hermeneutics and reception theory via the concept of “forgetting” (wang 忘) in his essay “Clarifying the Images” (Ming xiang 明象).

Here, we try to show that the method used in -/- Theory of Fuzzy Time Computation(TC * vs TC, TQC). 2023. ￿hal-04330281￿ -/- is a general method that sheds light on various types of problems. The author choose the navier stocks problem, to check the possibility of solving this problem by this method. This text is a guideline of possible proof of this problem.

A bi-level account of trust is developed and defended, one with relevance in ethics as well as epistemology. The proposed account of trust—on which trusting is modelled within a virtue-theoretic framework as a performance-type with an aim—distinguishes between two distinct levels of trust, apt and convictive, that take us beyond previous assessments of its nature, value, and relationship to risk assessment. While Ernest Sosa (2009; 2015; 2017), in particular, has shown how a performance normativity model may be fruitfully applied to (...) belief, my objective is to apply this kind of model in a novel and principled way to trust. I conclude by outlining some of the key advantages of the performance-theoretic bi-level account of trust defended over more traditional univocal proposals. (shrink)