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1 – 10 of 297Purevdorj Tuvaandorj and Victoria Zinde-Walsh
We consider conditional distribution and conditional density functionals in the space of generalized functions. The approach follows Phillips (1985, 1991, 1995) who employed…
Abstract
We consider conditional distribution and conditional density functionals in the space of generalized functions. The approach follows Phillips (1985, 1991, 1995) who employed generalized functions to overcome non-differentiability in order to develop expansions. We obtain the limit of the kernel estimators for weakly dependent data, even under non-differentiability of the distribution function; the limit Gaussian process is characterized as a stochastic random functional (random generalized function) on the suitable function space. An alternative simple to compute estimator based on the empirical distribution function is proposed for the generalized random functional. For test statistics based on this estimator, limit properties are established. A Monte Carlo experiment demonstrates good finite sample performance of the statistics for testing logit and probit specification in binary choice models.
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This chapter examines how the aspirations of the restorative justice movement are broader than tends to be acknowledged in debates about the virtues and vices of restorative…
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This chapter examines how the aspirations of the restorative justice movement are broader than tends to be acknowledged in debates about the virtues and vices of restorative justice. It suggests that, along with trying to change the social response to crime, the movement is concerned to bring about transformations in the way conflict is handled in a range of institutions, in approaches to political reconciliation, in social organisation and in our understanding of the self. Also, along with introducing new procedures for handling social problems, the movement is concerned to bring about profound changes in the way problems are construed.
Gerry M. Rayner and Juliey Beckman
As participation in higher education widens with concomitant increases in the number and diversity of commencing students, so does the need for programs that will support their…
Abstract
As participation in higher education widens with concomitant increases in the number and diversity of commencing students, so does the need for programs that will support their transition and retention. In response to this need, a growing awareness of the value of mentorship in Australian universities has resulted in the introduction of peer mentoring programs for students in many institutions. Mentorship, however, can take many different forms. This chapter reports on a model of academic (faculty) mentorship for commencing science students belonging to a range of defined disadvantaged groups. The program was initially funded by an internal grant, with voluntary participation by eligible students. At the end of the first semester, participants overwhelmingly endorsed the program as having enhanced their transition experience and improved their prospects for academic progress and retention. Despite reduced funding, the program was retained over two subsequent years with slight modifications based on student feedback, together with consideration of its most effective elements. The success of this academic mentorship program demonstrates the potential value of such approaches in the university retention and success of disadvantaged students.
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Alex Frino, Jennifer Kruk and Andrew Lepone
This chapter examines the price impact of large trades in futures markets across 14 stock index futures contracts in 11 different international markets. On the balance, we find…
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This chapter examines the price impact of large trades in futures markets across 14 stock index futures contracts in 11 different international markets. On the balance, we find that part of the initial price effect of futures trades is temporary. These initial price effects are partially reversed, implying that they incur a liquidity premium; though there is some variation in this finding across markets. We also find strong evidence that large buyer- and seller-initiated trades have positive and negative permanent effects on prices, implying they convey information. We conclude, similar to research based on equities markets, that traders in futures markets are informed.