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Articles 1 - 5 of 5
Full-Text Articles in Social and Behavioral Sciences
Hits And Runs: Determinants Of The Cross-Country Variation In The Severity Of Impact From The 2008-09 Financial Crisis, Shane Dwyer, Chih Ming Tan
Hits And Runs: Determinants Of The Cross-Country Variation In The Severity Of Impact From The 2008-09 Financial Crisis, Shane Dwyer, Chih Ming Tan
Economics & Finance Faculty Publications
Recent empirical work on the 2008-09 financial crisis has found mixed results on the usefulness of indicators to explain the cross-country variation in the incidence of the crisis in non-originating countries. While some authors have found success with various indicators, Rose and Spiegel (2009a,b) find that almost no indicators are robust. We employ Bayesian model averaging (BMA) to verify Rose-Spiegel’s conclusions under model uncertainty, confirming their findings. We then employ latent class models (LCM) to check the data for parameter heterogeneity. We find that there is substantial evidence of heterogeneity in the relationship between various indicators and crisis impact, both …
Lake Flooding And Synoptic Weather-Type Frequency At Devils Lake, North Dakota, Usa, Between 1965 And 2010, Paul E. Todhunter, Emily A. Knish
Lake Flooding And Synoptic Weather-Type Frequency At Devils Lake, North Dakota, Usa, Between 1965 And 2010, Paul E. Todhunter, Emily A. Knish
Geography & Geographic Information Science Faculty Publications
Since the spring of 1993, the water surface elevation at Devils Lake, a terminal lake in eastern North Dakota, USA, has risen by 8.8 m, producing more than 1 billion USD in direct flood damages. We examine the relationship between weather-type frequencies at Bismarck, North Dakota, and lake volume changes from 1965 to 2010 using the Spatial Synoptic Classification (SSC) system. First, we find statistically significant changes in the frequency of selected weather types over both annual and seasonal time periods. This indicates a trend toward in - creased advection of more humid weather types that is consistent with the …
The Value Premium, Aggregate Risk Innovations, And Average Stock Returns, Knut F. Lindaas, Prodosh Simlai
The Value Premium, Aggregate Risk Innovations, And Average Stock Returns, Knut F. Lindaas, Prodosh Simlai
Economics & Finance Faculty Publications
We test whether innovations in aggregate risk, interpolated from a vector autoregressive system that contains the Chen, Roll and Ross (1986) five factors as in Petkova (2006), are common factors in cross-sectional stock returns. We provide direct evidence that innovation in industrial production growth, a classical business-cycle variable that summarizes the state of the economy, is associated with the cross-sectional return predictability of individual stocks. We conclude that the role of innovation in aggregate risk is not random, and furthermore that it provides guidance concerning an important source of nonfinancial market-based risk in asset returns.
Persistence Of Ex-Ante Volatility And The Cross-Section Of Stock Returns, Prodosh Simlai
Persistence Of Ex-Ante Volatility And The Cross-Section Of Stock Returns, Prodosh Simlai
Economics & Finance Faculty Publications
We suggest a new measure of total ex-ante volatility () in stock returns, which includes traditional non-market (or idiosyncratic) risk and the unexpected component of market return. We find that the portfolio-level measure exhibits strong predictive power for the cross-section of average returns during the post-1963 period. We demonstrate that (1) the persistence of gives rise to economically significant spread in returns between value and growth stocks, and (2) the cross-sectional dispersion in stock returns is positively related to the estimated value of . The benefit of the measure is that it is countercyclical and contains relevant information about the …
Use Of The Response-Latency Paradigm For Evaluating Women’S Responses To Threat Of Date Rape, Raeann E. Anderson, Shawn P. Cahill
Use Of The Response-Latency Paradigm For Evaluating Women’S Responses To Threat Of Date Rape, Raeann E. Anderson, Shawn P. Cahill
Psychology Faculty Publications
This study evaluates the novel use of the response-latency paradigm to elicit women’s hypothetical behavioral responses to the threat of acquaintance rape. There were 146 college women recruited and randomly assigned to 4 study conditions. In 3 of the conditions, the threat to which participants responded was experimentally controlled; in the fourth control condition, participants selected the level of threat themselves, following standard procedure of the response-latency paradigm. Results indicated that participant’s responses became more intense as threat levels increased; this relationship was not moderated by whether the threat was controlled by the experimenter or the participant. These results indicate …