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Subjective Effectiveness In Agent-To-Human Negotiation: A Frame X Personality Account, Yinping YANG, Ya Hui M. SEE, Andrew ORTONY, Jacinth Jia Xin TAN 2010 Singapore Management University

Subjective Effectiveness In Agent-To-Human Negotiation: A Frame X Personality Account, Yinping Yang, Ya Hui M. See, Andrew Ortony, Jacinth Jia Xin Tan

Research Collection School of Social Sciences

This paper presents an empirical examination on the role of framing as a persuasion technique in agent-to-human negotiations. The primary hypothesis was that when a software agent frames the same offer in different ways it will have different consequences for a human counterpart’s perceptions of the negotiation process and outcomes. A secondary hypothesis was that the subjective effectiveness of different frames will be influenced by the personality of the human counterpart. An experiment to test these hypotheses was conducted using a simulated software seller agent and a human buyer counterpart in a 4-issue negotiation task. The results demonstrated the ...


Conversations With A Crime Boss: Doing Asian Criminal Business, Nafis HANIF, Mark FINDLAY 2010 Singapore Management University

Conversations With A Crime Boss: Doing Asian Criminal Business, Nafis Hanif, Mark Findlay

Research Collection School of Social Sciences

Media piracy, in Malaysia, is organised through illicit negotiations between a dominant crime syndicate and consumers, street-corner gang leaders, the Malaysian police, custom officers and directors of the Malaysian Film Censorship Board. These key social actors who crossover class, race, religion, gang membership, and bridge porous legitimate and illegitimate commercial and political sectors of society establish a mutually collaborative relationship by negotiating their asymmetrical social capital, according to a conventional cost-benefit analysis. Contextual analyses of these illicit interactions identify criminal enterprise opportunities and plot the interactive progress of enterprise as it unfolds, against models of organisational and functional inter-connection. The ...


Estimation Of High-Frequency Volatility: An Autoregressive Conditional Duration Models Approach, Yiu Kuen Tse, Tao Yang 2010 Singapore Management University

Estimation Of High-Frequency Volatility: An Autoregressive Conditional Duration Models Approach, Yiu Kuen Tse, Tao Yang

Research Collection School Of Economics

We propose a method to estimate the intraday volatility of a stock by integrating the instantaneous conditional return variance per unit time obtained from the autoregressive conditional duration (ACD) models. We compare the daily volatilities estimated using the ACD models against several versions of the realized volatility (RV) method, including the bipower variation realized volatility with subsampling, the realized kernel estimate and the duration-based realized volatility. The ACD volatility estimates correlate highly with and perform very well against the RV estimates. Our Monte Carlo results show that our method has lower root mean-squared error than the RV methods in most ...


A Necessity For Sex Difference Researchers: A Review Of David C. Geary, Male, Female: The Evolution Of Human Differences (2nd Ed.). American Psychological Association: Washington, D.C., 2009, Isbn 9781433806827, Norman P. LI, Oliver SNG 2010 Singapore Management University

A Necessity For Sex Difference Researchers: A Review Of David C. Geary, Male, Female: The Evolution Of Human Differences (2nd Ed.). American Psychological Association: Washington, D.C., 2009, Isbn 9781433806827, Norman P. Li, Oliver Sng

Research Collection School of Social Sciences

Male, Female: The Evolution of Human Differences (2nd ed.), written by University of Missouri Curators' Professor and Thomas Jefferson Professor David C. Geary, is the long-awaited update to a classic treatise on sex differences originally published in 1998. The new edition has been largely expanded (by 171 pages) and summarizes much of the research relating to sex differences that has surfaced in the last 12 years. The book begins with a review of the broad processes of natural and sexual selection (Chapters 1–4) and then covers sexual selection in primates before moving on to humans (Chapter 5). The book ...


Intrasexual Competition And Eating Restriction In Heterosexual And Homosexual Individuals, Norman P. LI, April R. SMITH, Vladas GRISKEVICIUS, Margaret J. CASON, Angela BRYAN 2010 Singapore Management University

Intrasexual Competition And Eating Restriction In Heterosexual And Homosexual Individuals, Norman P. Li, April R. Smith, Vladas Griskevicius, Margaret J. Cason, Angela Bryan

Research Collection School of Social Sciences

Restrictive eating attitudes and behaviors have been hypothesized to be related to processes of intrasexual competition. According to this perspective, within-sex competition for status serves the adaptive purpose of attracting mates. As such, status competition salience may lead to concerns of mating desirability. For heterosexual women and gay men, such concerns revolve around appearing youthful and, thus, thinner. Following this logic, we examined how exposure to high-status and competitive (but not thin or highly attractive) same-sex individuals would influence body image and eating attitudes in heterosexual and in gay/lesbian individuals. Results indicated that for heterosexuals, intrasexual competition cues led ...


Celebrating Community: A Chinese Temple Procession Brings Chinese Culture To Life In Jakarta’S Streets, Margaret CHAN 2010 Singapore Management University

Celebrating Community: A Chinese Temple Procession Brings Chinese Culture To Life In Jakarta’S Streets, Margaret Chan

Research Collection School of Social Sciences

Chinese temples from all over Java staged what was probably Jakarta’s largest ever Chinese religious festival. Accompanied by musicians, lion and dragon dancers, hundreds of devotees paraded through the streets of Glodok, Jakarta’s Chinatown.


The Beginning Of The End? Agricultural Modernization And Dissolution Of The Peasantry In Contemporary China, Qian Forrest ZHANG, John A. DONALDSON 2010 Singapore Management University

The Beginning Of The End? Agricultural Modernization And Dissolution Of The Peasantry In Contemporary China, Qian Forrest Zhang, John A. Donaldson

Research Collection School of Social Sciences

No abstract provided.


Mobilizing For Human Rights: International Law In Domestic Politics [Book Review], Jiyoung SONG 2010 Singapore Management University

Mobilizing For Human Rights: International Law In Domestic Politics [Book Review], Jiyoung Song

Research Collection School of Social Sciences

Review of Mobilizing for human rights: international law in domestic politics by Beth A Simmons, Cambridge, United Kingdom, Cambridge University Press, 2009, ISBN 9780521885102 (hbk), ISBN 978-0-521-71232-3 (pbk), 451 pp. And Clifford Bob (ed.), The international struggle for new human rights, Philadelphia, University of Pennsylvania Press, 2009, ISBN 9780812241310, 195 pp.


Mate Selection, M. J. Cason, Norman P. LI 2010 Singapore Management University

Mate Selection, M. J. Cason, Norman P. Li

Research Collection School of Social Sciences

"It is a truth universally acknowledged that a single man in possession of a good fortune must be in want of a wife"—so wrote Jane Austen in Pride and Prejudice. From classic literature to contemporary screenplays, from the latest celebrity news to office gossip, it is nearly impossible to escape the pervasive topic of romantic relationships. Indeed, the pursuit of mates consumes a significant portion of our time and energy, and for good reason—mates give us companionship, pleasure, comfort, security, and even health benefits. As we discuss in this article, there are two major theoretical perspectives for understanding ...


Risking Returns: Moving From Public To Private Equity, Aurobindo GHOSH 2010 Singapore Management University

Risking Returns: Moving From Public To Private Equity, Aurobindo Ghosh

Research Collection School Of Economics

The notion of risk identifies a project that matches with the risk appetite of an entrepreneur not necessarily the investors. This can explain why entrepreneurs would start up companies but it cannot explain why ex-post the investors continue, given that a diversified portfolio of publicly traded assets could potentially generate similar return with lower risk. We re-evaluate the evidence through performance measures using relative probability distributions of public and private equity funds, and identify the nature of the deviations. We observe that the heterogeneity in different investor classes are greatly reduced using standard covariates to identify the choice between public ...


Obedience, Schooling, And Political Participation, Davin CHOR, Filipe R. Campante 2010 Singapore Management University

Obedience, Schooling, And Political Participation, Davin Chor, Filipe R. Campante

Research Collection School Of Economics

This paper proposes a framework for understanding the joint evolution of cultural norms and human capital investment, and how these affect patterns of political participation. We first present some empirical evidence that cultural attitudes towards obedience systematically influence an individual's propensity to engage in different political activities: obedience discourages more confrontational modes of political activity (such as public demonstrations), while raising participation in non-confrontational civic acts (such as voting). These cultural attitudes further appear to be determined in part by cultural transmission across generations. Motivated by this evidence, we develop a dynamic model in which human capital and obedience ...


Nonparametric Tests For Poolability In Panel Data Models With Cross Section Dependence, Sainan JIN, Liangjun SU 2010 Singapore Management University

Nonparametric Tests For Poolability In Panel Data Models With Cross Section Dependence, Sainan Jin, Liangjun Su

Research Collection School Of Economics

In this paper we propose a nonparametric test for poolability in large dimensional semiparametric panel data models with cross-section dependence based on the sieve estimation technique. To construct the test statistic, we only need to estimate the model under the alternative. We establish the asymptotic normal distributions of our test statistic under the null hypothesis of poolability and a sequence of local alternatives, and prove the consistency of our test. We also suggest a bootstrap method as an alternative way to obtain the critical values and justify its validity. A small set of Monte Carlo simulations indicate the test performs ...


Information Loss In Volatility Measurement With Flat Price Trading, Peter C. B. PHILLIPS, Jun YU 2010 Singapore Management University

Information Loss In Volatility Measurement With Flat Price Trading, Peter C. B. Phillips, Jun Yu

Research Collection School Of Economics

A model of financial asset price determination is proposed that incorporates flat trading features into an efficient price process. The model involves the superposition of a Brownian semimartingale process for the effcient price and a Bernoulli process that determines the extent of price trading. The approach is related to sticky price modeling and the Calvo pricing mechanism in macroeconomic dynamics. A limit theory for the conventional realized volatility (RV) measure of integrated volatility is developed. The results show that RV is still consistent but has an inflated asymptotic variance that depends on the probability of flat trading. Estimated quarticity is ...


Simulated Maximum Likelihood Estimation Of Continuous Time Stochastic Volatility Models, Tore Selland KLEPPE, Jun YU, Hans J. SKAUG 2010 University of Bergen

Simulated Maximum Likelihood Estimation Of Continuous Time Stochastic Volatility Models, Tore Selland Kleppe, Jun Yu, Hans J. Skaug

Research Collection School Of Economics

In this chapter we develop and implement a method for maximum simulated likelihood estimation of the continuous time stochastic volatility model with the constant elasticity of volatility. The approach does not require observations on option prices, nor volatility. To integrate out latent volatility from the joint density of return and volatility, a modified efficient importance sampling technique is used after the continuous time model is approximated using the Euler–Maruyama scheme. The Monte Carlo studies show that the method works well and the empirical applications illustrate usefulness of the method. Empirical results provide strong evidence against the Heston model.


Numerical Analysis Of Non-Constant Pure Rate Of Time Preference: A Model Of Climate Policy, Tomoki FUJII, Larry KARP 2010 Singapore Management University

Numerical Analysis Of Non-Constant Pure Rate Of Time Preference: A Model Of Climate Policy, Tomoki Fujii, Larry Karp

Research Collection School Of Economics

When current decisions affect welfare in the far-distant future, as with climate change, the use of a declining pure rate of time preference (PRTP) provides potentially important modeling flexibility. The difficulty of analyzing models with non-constant PRTP limits their application. We describe and provide software (available online) to implement an algorithm to numerically obtain a Markov perfect equilibrium for an optimal control problem with non-constant PRTP. We apply this software to a simplified version of the numerical climate change model used in the Stern Review. For our calibration, the policy recommendations are less sensitive to the PRTP than widely believed.


Managing Capital Flows: The Case Of Singapore, Hwee Kwan CHOW 2010 Singapore Management University

Managing Capital Flows: The Case Of Singapore, Hwee Kwan Chow

Research Collection School Of Economics

The resurgence of private capital inflows into Asia in recent years has raised the question of whether the region is susceptible to yet another financial crisis. While a sudden large-scale reversal of capital flows is not likely to result in a liquidity crunch or balance of payments crisis, the attendant sharp corrections in asset prices will have an adverse impact on the economy particularly through indirect channels. We present, in this study, Singapore’s experience in managing the risks posed by capital flows as well as the retention of control over exchange rates and monetary conditions. It is the overall ...


Enhancing Income Opportunities, Rashiel Verlarde, Tomoki FUJII, Ulrich Lächler 2010 Singapore Management University

Enhancing Income Opportunities, Rashiel Verlarde, Tomoki Fujii, Ulrich Lächler

Research Collection School Of Economics

Accelerating growth is essential for poverty reduction. As argued earlier, poverty has failed to decline significantly since the East Asian Crisis due to insufficiently dynamic growth, a high degree of income inequality that reduces the income elasticity of poverty reduction, and an apparent worsening of the income distribution. The first step toward addressing this failure is to accelerate growth, which will not be easy in the short run while the global slowdown continues to run its course. Moreover, even though the global crisis is gradually bottoming out, the post-crisis external environment is likely to be much less favorable than before ...


Forecasting Realized Volatility Using A Nonnegative Semiparametric Time Series Model, A. Eriksson, D. Preve, Jun YU 2010 Singapore Management University

Forecasting Realized Volatility Using A Nonnegative Semiparametric Time Series Model, A. Eriksson, D. Preve, Jun Yu

Research Collection School Of Economics

This paper introduces a parsimonious and yet flexible nonnegative semiparametric model to forecast financial volatility. The new model extends the linear nonnegative autoregressive model of Barndorff-Nielsen & Shephard (2001) and Nielsen & Shephard (2003) by way of a power transformation. It is semiparametric in the sense that the distributional form of its error component is left unspecified. The statistical properties of the model are discussed and a novel estimation method is proposed. Asymptotic properties are established for the new estimation method. Simulation studies validate the new estimation method. The out-of-sample performance of the proposed model is evaluated against a number of standard ...


The Right To Survival In The Democratic People’S Republic Of Korea, Jiyoung SONG 2010 Singapore Management University

The Right To Survival In The Democratic People’S Republic Of Korea, Jiyoung Song

Research Collection School of Social Sciences

For the past decade, the author has examined North Korean primary public documents and concludes that there have been changes of identities and ideas in the public discourse of human rights in the DPRK: from strong post-colonialism to Marxism-Leninism, from there to the creation of Juche as the state ideology and finally 'our style' socialism. This paper explains the background to KIM Jong Il's 'our style' human rights in North Korea: his broader framework, 'our style' socialism, with its two supporting ideational mechanisms, named 'virtuous politics' and 'military-first politics'. It analyses how some of these characteristics have disappeared while ...


Charity And Information: Correcting The Failure Of A Disjunctive Social Norm, Brian Broughman, Robert Cooter 2010 Indiana University Maurer School of Law

Charity And Information: Correcting The Failure Of A Disjunctive Social Norm, Brian Broughman, Robert Cooter

Articles by Maurer Faculty

Charitable donations fund social goods that the state and markets undersupply. Despite widespread belief in the importance of private charity, most Americans donate little or nothing. Experiments in behavioral economics show that anonymity, not human nature, causes low contributions. Anonymity poses a particular challenge for charity because of the special character of the obligation. Charity is a disjunctive social norm, meaning the obligation is owed to ‘A or B or C or …’. Disclosure of each individual’s aggregate conduct is necessary for the effectiveness of any disjunctive social norm. To revitalize charity we propose a public registry where each taxpayer ...


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