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Full-Text Articles in Physical Sciences and Mathematics

Economic Impacts Of Establishing A Neutron Source Facility In Windsor, Abdur Rahman Sep 2024

Economic Impacts Of Establishing A Neutron Source Facility In Windsor, Abdur Rahman

Major Papers

Cancer poses a significant health challenge in Canada, with two in five individuals likely to develop the disease. This paper explores the economic impacts of establishing a prototype compact accelerator-based neutron source (PC-CANS) facility in Windsor that will produce medical isotopes locally in Windsor, Ontario, rather than relying on centralized production and transportation from London, Ontario. Fluorine-18 medical isotopes, crucial for positron emission tomography (PET) scans, experience significant decay losses during transportation due to their short half-life of 109.8 minutes, increasing costs and restricting availability. Using a differential analysis approach, the study quantifies economic benefits, focusing on three main impacts: …


Charleston, Sc Branch Pilots Association And Noaa Ports, Christopher Diveglio Sep 2024

Charleston, Sc Branch Pilots Association And Noaa Ports, Christopher Diveglio

Benefits of Ocean Observing Catalog (BOOC)

  1. Sources and type of data and information used

The Charleston, SC Branch Pilots Association (end user 1) make “go-no-go” decisions based on data from the National Water Level Observation Network (NWLON), Official NOAA Tide Predictions and Physical Oceanographic Real Time System (PORTS) sensors for tall, deep draft vessels transiting through Charleston Harbor and into the associated tributaries.

Specific datasets for this use case include:

Data can be accessed in …


Dynamic Optimization With Timing Risk, Erin Cottle Hunt, Frank N. Caliendo Aug 2024

Dynamic Optimization With Timing Risk, Erin Cottle Hunt, Frank N. Caliendo

Economics and Finance Faculty Publications

Timing risk refers to a situation in which the timing of an economically important event is unknown (risky) from the perspective of an economic decision maker. While this special class of dynamic stochastic control problems has many applications in economics, the methods used to solve them are not easily accessible within a single, comprehensive survey. We provide a survey of dynamic optimization methods under comprehensive assumptions about the nature of timing risk. We also relax the assumption of full information and summarize optimization with limited information, ambiguity, imperfect hedging, and dynamic inconsistency. Our goal is to provide a concise user …


Weather Risks, Crop Losses, And Risk Proneness: An Examination Of Evolving Risk Preferences Of Rice Farmers In Bangladesh, W. Parker Wheatley, Taznoore Khanam, Valerien O. Pede, Takashi Yamano Aug 2024

Weather Risks, Crop Losses, And Risk Proneness: An Examination Of Evolving Risk Preferences Of Rice Farmers In Bangladesh, W. Parker Wheatley, Taznoore Khanam, Valerien O. Pede, Takashi Yamano

Economics Faculty Publications

Changing climate poses significant challenges for smallholder rice farmers. Weather-related deviations from longer-term patterns and crop losses due to abiotic hazards can affect farmer risk preferences and drive adaptive responses. In addition, farmers’ proneness to and past experiences with crop risks such as drought, submergence, and excess soil salinity can impact their baseline risk preferences and their response to changing risks. Using data for Bangladesh from two waves of the Rice Monitoring Survey, climate-related data (precipitation and temperature), farmer reports of crop losses, and measures of proneness to abiotic risks, this article estimates how weather deviations from longer-term trends, crop …


We're Swarming Again! Swarming, Collectivity, And Trope: The Case Of Extinction Rebellion, Tyler J. Behymer Aug 2024

We're Swarming Again! Swarming, Collectivity, And Trope: The Case Of Extinction Rebellion, Tyler J. Behymer

Department of Communication Studies: Dissertations, Theses, and Student Research

This thesis explores the rhetoric of the eco-movement Extinction Rebellion, focusing on the use of swarming and nature tropes to mobilize collective action and revivify contemporary notions of collectivity. Drawing on rhetoric of social movement scholarship, cultural studies, and psychoanalysis, this essay theorizes swarming as a tropological economy that expands the conditions of propriety in the context of collectivity. Through an analysis of Extinction Rebellion’s discourse, this study demonstrates how the naturalization of swarming tropes works in various ways to rewild conventional political discourse, galvanize disruptive collective assembly, and challenge green neoliberalism.

Advisor: Casey Ryan Kelly


Design Of Engineered Nanomaterials For Pfas Adsorption And Catalytic Degradation From Relevant Environmental Conditions, Sheng Yin Aug 2024

Design Of Engineered Nanomaterials For Pfas Adsorption And Catalytic Degradation From Relevant Environmental Conditions, Sheng Yin

Open Access Theses & Dissertations

Poly- and per-fluoroalkyl substances (PFAS) are a class of artificially made chemicals whose carbon chains are fully or partially fluorinated. Due to their persistent and pervasive distribution and their adverse effects on human health, the removal of PFAS from the environment has been the focus of current research. This project explores the use of engineered nanomaterials for the effective removal of PFAS through various adsorption and catalytic degradation methods. First, a comprehensive review of recent studies highlights the significant potential of various nanomaterials, including carbon-based, non-metal, single-metal, and multi-metal nanomaterials, for PFAS remediation. These materials are evaluated for their performance, …


Empowering Traditional Industries With Digital Intelligence For Transformation And Upgrading, Jiyuan Zang, Huanyong Ji, Qingxue Huang Jul 2024

Empowering Traditional Industries With Digital Intelligence For Transformation And Upgrading, Jiyuan Zang, Huanyong Ji, Qingxue Huang

Bulletin of Chinese Academy of Sciences (Chinese Version)

Traditional industries are the basic support and driving force for the high-quality development of the economy. Digital intelligence is an important lever for traditional industries to achieve the transformation of old and new kinetic energy and the leapfrogging of the global value chain. This study firstly deconstructs the rich connotations of digital intelligence from the perspectives of digitalization, networkization, and intelligentization. Secondly, it analyzes the transformation mechanism and various pathways through which digital intelligence impacts traditional industries. Thirdly, it analyzes the barriers faced by traditional industries in the process of adopting digital intelligence technologies. Finally, this study puts forward four …


Analysis Of Demand And Recycling Potential Of Lithium, Cobalt, And Nickel Under Energy Transition Emdash From Perspective Of Electric Vehicles, Xiong Ying, Shouyang Wang, Yuyao Yang Jul 2024

Analysis Of Demand And Recycling Potential Of Lithium, Cobalt, And Nickel Under Energy Transition Emdash From Perspective Of Electric Vehicles, Xiong Ying, Shouyang Wang, Yuyao Yang

Bulletin of Chinese Academy of Sciences (Chinese Version)

With the rapid growth of demand for lithium, cobalt, and nickel, China, the United States, and the European Union have classified them as critical minerals. This study investigates the rise of China’s and the global electric vehicle industry in relation to the demand for lithium, cobalt, and nickel, forecasts the potential for recycling these metals, and evaluates the challenges to resource security of these metals faced by China. The findings underscore the necessity of enhancing international collaboration in mineral extraction abroad and enhancing capabilities to safeguard overseas assets and equity. The study advocates for expediting the establishment of an electric …


Insights On Strategy And Approach For China To Construct A Modern Integrated Circuits Industrial System, Ximing Yin, Beibei Zhang, Tailun Chen, Jiang Yu, Jin Chen Jul 2024

Insights On Strategy And Approach For China To Construct A Modern Integrated Circuits Industrial System, Ximing Yin, Beibei Zhang, Tailun Chen, Jiang Yu, Jin Chen

Bulletin of Chinese Academy of Sciences (Chinese Version)

The integrated circuit (IC) industry is highly complex and systematic, and its key core technology breakthroughs are highly dependent on the support of systematic capabilities. The West especially the United States has accelerated the promotion of the “small-yard, high-fence” strategy, the “New Washington Consensus”, the “de-risking”, and other systematic policies to curb China’s rise. China’s IC industry chain is facing extreme risks such as rupture or blockage. Meanwhile, facing the new mission and requirements of Chinese modernization and new-quality productivity, China needs to accelerate the modernization of the IC industry with new development paradigms, new strategies, and new approaches. Based …


Deep Integration Of Technological Innovation And Industrial Innovation In Modern Industrial System: Inspiration From Global New Generation Lithography Systems, Jiang Yu, Feng Chen, Yue Guo Jul 2024

Deep Integration Of Technological Innovation And Industrial Innovation In Modern Industrial System: Inspiration From Global New Generation Lithography Systems, Jiang Yu, Feng Chen, Yue Guo

Bulletin of Chinese Academy of Sciences (Chinese Version)

Utilizing technological innovation to lead the construction of a modern industrial system is a strategic choice for seizing the opportunities of the new round of technological revolution and industrial transformation. It is also a necessary step for winning the strategic initiative towards high-level self-reliance and self-improvement. Technological innovation is the intrinsic driving force behind industrial innovation, and industrial innovation is the value embodiment of technological innovation. The deep integration of technological innovation and industrial innovation is the key to constructing and improving a modern industrial system. Taking the global extreme ultra-violet (EUV) lithography system as an example, based on the …


Strategic Study On Leading Construction Of Modern Agricultural System By Technology Innovation, Yan Yan, Xurong Mei, Xiudong Wang Jul 2024

Strategic Study On Leading Construction Of Modern Agricultural System By Technology Innovation, Yan Yan, Xurong Mei, Xiudong Wang

Bulletin of Chinese Academy of Sciences (Chinese Version)

Technology innovation is the fundamental solution to build a modern agricultural system, and it is also an important support for building the large base, large enterprise, and large industry of modern agriculture and achieving the modernization of material equipment, technology, management, agricultural informatization, and sustainable resource utilization of agriculture. This paper explains the scientific concepts and logical relationships of the agricultural production system, industrial system and management system, which are the main components of a modern agricultural system. It emphasizes that ensuring food security, promoting industrial integration and upgrading, and cultivating leading enterprises are current key tasks. Nevertheless, from the …


Can Corporate Sustainability Performance (Csp) Overcome Indonesia's Corporate Debt Problems?, Johnson Ferry Febrian, Nora Sri Hendriyeni Jun 2024

Can Corporate Sustainability Performance (Csp) Overcome Indonesia's Corporate Debt Problems?, Johnson Ferry Febrian, Nora Sri Hendriyeni

Jurnal Akuntansi dan Keuangan Indonesia

Based on IMF publications (2022), Indonesian companies have a risky debt level that may cause bankruptcy, so companies are required to make leverage adjustments to return the debt to its optimal level. In recent years, corporate sustainability performance (CSP) practices have been proven to improve performance and overcome financial problems such as debt by integrating sustainability aspects into business processes. Based on stakeholder theory and trade-off theory, this study aims to examine the effect of CSP on leverage adjustment and the role of competitive advantage, equity mispricing, profitability, and firm size in moderating this relationship. This study used a sample …


Comparison Of Value At Risk Using Historical And Monte Carlo Methods On Pt Xyz Stock Portofolio, Eka Fitriani, Yulial Hikmah, Ira Rosianal Hikmah Jun 2024

Comparison Of Value At Risk Using Historical And Monte Carlo Methods On Pt Xyz Stock Portofolio, Eka Fitriani, Yulial Hikmah, Ira Rosianal Hikmah

Jurnal Administrasi Bisnis Terapan

One way to achieve profits in a company is through investment activities. However, everything has risks. Investing can also be risky. Therefore, the relationship between risk and investment is important because it will influence the determination of investment selection. The problem faced by investors is choosing an efficient portfolio, or a portfolio that provides the smallest risk. This risk can be done by measuring risk, one of which is using the Value at Risk (VaR) measure. Measurement using Value at Risk has several methods that are quite popular, namely the Historical Method, Variance-Covariance, and Monte Carlo. In this research, the …


Digital Technologies Empower Innovative Development Governance Of The Yellow River Basin, Tara Qian Sun, Yingying Jia, Gaozuo Sun, Xixi Zhao, Rongping Mu Jun 2024

Digital Technologies Empower Innovative Development Governance Of The Yellow River Basin, Tara Qian Sun, Yingying Jia, Gaozuo Sun, Xixi Zhao, Rongping Mu

Bulletin of Chinese Academy of Sciences (Chinese Version)

The application of digital technologies is the core driving force for innovating traditional development and realizing a leap in productivity. The innovative development governance of the Yellow River Basin is a complex social system, involving economic, social, and ecological aspects. Its key driving force is the profound influence of digital technologies. Focused on how digital technologies empower the innovative development governance of the Yellow River Basin, the development process, problems, and challenges are analyzed at different stages, from the digital Yellow River to the digital twin Yellow River. It is found that the governance of the Yellow River Basin still …


Intimacy Without The Chance Of Heartbreak For Richer, For Poorer, In Sickness & In Health, Cynthia Nguyen Jun 2024

Intimacy Without The Chance Of Heartbreak For Richer, For Poorer, In Sickness & In Health, Cynthia Nguyen

Honors Projects

The present study investigates the effect of the COVID-19 pandemic on the consumption of porn, shifts in the production of porn consumed between men and women, and the breakdown of any pattern in adult content via film, pictures, and audio. A quantitative approach was done by using R to analyze data pulled off of Pornhub, Reddit’s GoneWildAudio subreddit, and Archive of Our Own from 2018 to 2023. Statistical inference and modeling is used to attempt to find a pattern in the production of online porn across three mediums over several years before, during, and after the pandemic. Regardless of events …


Artificial Intelligence As The Next Front In The Class War, Christopher Hill Jun 2024

Artificial Intelligence As The Next Front In The Class War, Christopher Hill

Dissertations and Theses

For many years, artificial intelligence has been confined to the realm of science fiction, and while the technology has been in development, predicting the effects AI will have on our society has been a challenging endeavor. The release of ChatGPT in 2022, the subsequent mass adoption of the AI chatbot, and the response by other private firms in the field announced AI's permanent entrance into the public sphere. These recent strides made in the field of artificial intelligence reveal that the pace of technological development has outstripped the rate at which we are able to politically examine and understand these …


Three Essays Applying Dynamic Models In Economics, Finance, And Machine Learning, Lucas C. Dowiak Jun 2024

Three Essays Applying Dynamic Models In Economics, Finance, And Machine Learning, Lucas C. Dowiak

Dissertations, Theses, and Capstone Projects

This dissertation is a composition in three parts. Collectively, these essays investigate dynamic methods and their application in the fields of Economics, Finance, and Machine Learning. It pulls liberally from all three. In particular, this dissertation makes repeated use of multi-state modeling frameworks popular in Economics to bring a faceted view to the underlying data and detect its hidden heterogeneity. The challenge of modeling financial assets and estimating their dependence is another focus. For stimulus, concepts in the Machine Learning field are brought in to aid or compete with established econometric techniques.

Econometric Applications of the Hierarchical Mixture-of-Experts

In this …


Financial Time Series Fusion, Completion, And Prediction With Deep Neural Networks, Dan Zhou May 2024

Financial Time Series Fusion, Completion, And Prediction With Deep Neural Networks, Dan Zhou

Dissertations

Time-series analysis is essential for a wide range of financial applications, including but not limited to bond valuation, firm earnings forecasts, firm fundamentals predictions, and firm characteristics imputations. Given its considerable value, the financial community has shown a strong interest in refining and advancing time-series analysis techniques. The study in this dissertation contributes to this field by employing advanced machine learning approaches, specifically graph neural networks, deep neural networks, and matrix/tensor methods. The primary objectives are twofold: first, to reveal complex correlations within financial time series to improve prediction accuracy, and second, to enhance the process of integrating and imputing …


U.S. International Climate Finance: An Analysis Of Historical Shortfalls And A Proposal For More Equitable Distribution, Maria-Cristina Kealey May 2024

U.S. International Climate Finance: An Analysis Of Historical Shortfalls And A Proposal For More Equitable Distribution, Maria-Cristina Kealey

Master's Projects and Capstones

Least-developed countries experienced 69% of deaths from climate disasters over the past 50 years despite comprising only 13% of the world’s population. Low-income and climate vulnerable nations around the world are suffering disproportionately as wealthy, high-emitting countries, such as the U.S., profit from the climate crisis. This research provides a comprehensive overview of past U.S. contributions to international climate finance efforts, assesses the climate finance deficit globally and specifically for developing countries, and proposes a more equitable share of U.S. funding from a quantitative and restorative climate justice approach. The primary analyses included quantifying the U.S. share of global greenhouse …


Bridging Biological Systems With Social Behavior, Conservation, Decision Making, And Well-Being Through Hybrid Mathematical Modeling, Maggie Renee Sullens May 2024

Bridging Biological Systems With Social Behavior, Conservation, Decision Making, And Well-Being Through Hybrid Mathematical Modeling, Maggie Renee Sullens

Doctoral Dissertations

Mathematical modeling can achieve otherwise inaccessible insights into bio-logical questions. We use ODE (ordinary differential equations) and Game Theory models to demonstrate the breadth and power of these models by studying three very different biological questions, involving socio-behavioral and socio-economic systems, conservation biology, policy and decision making, and organismal homeostasis.

We adapt techniques from Susceptible-Infected-Recovered (SIR) epidemiological models to examine the mental well-being of a community facing the collapse of the industry on which it’s economically dependent. We consider the case study of a fishing community facing the extinction of its primary harvest species. Using an ODE framework with a …


Bidding Strategy For A Wind Power Producer In Us Energy And Reserve Markets, Anne Stratman May 2024

Bidding Strategy For A Wind Power Producer In Us Energy And Reserve Markets, Anne Stratman

Department of Electrical and Computer Engineering: Dissertations, Theses, and Student Research

Wind power is one of the world's fastest-growing renewable energy resources and has expanded quickly within the US electric grid. Currently, wind power producers (WPPs) may sell energy products in US markets but are not allowed to sell reserve products, due to the uncertain and intermittent nature of wind power. However, as wind’s share of the power supply grows, it may eventually be necessary for WPPs to contribute to system-wide reserves. This paper proposes a stochastic optimization model to determine the optimal offer strategy for a WPP that participates in the day-ahead and real-time energy and spinning reserve markets. The …


The Mathematics Of Financial Portfolio Optimization Incorporating Environmental, Social, And Governance Score Information, Ian Driskill May 2024

The Mathematics Of Financial Portfolio Optimization Incorporating Environmental, Social, And Governance Score Information, Ian Driskill

Master's Theses

We numerically investigate the effects that Environmental, Social, and Governance (ESG) scores have on portfolio optimization with Modern Portfolio Theory assumptions and how ESG scores correlate with the market returns of a rated company's stock. Additionally, we review and analyze a research paper published in the Journal of Financial Economics regarding ESG investing titled “Responsible investing: The ESG-efficient frontier” by Pedersen, Fitzgibbons, and Lukasz. Our overall goal is provide insight for socially responsible inclined investors, to help them understand what ESG scores tell us and how those scores may effect their overall investment returns."


Bay Water Level Influences On Inundation And Morphological Changes Of A Semi-Connected Barrier Island During A Hurricane, Sydney D. Goodman May 2024

Bay Water Level Influences On Inundation And Morphological Changes Of A Semi-Connected Barrier Island During A Hurricane, Sydney D. Goodman

<strong> Theses and Dissertations </strong>

This research aims to identify flooding and erosion changes along a semi-connected barrier island system due to varying bay water levels during storm conditions. The numerical model XBeach is used to simulate Hurricane Michael conditions and the resulting inundation and morphological change near Tyndall Air Force Base (Tyndall AFB). The installation is located 12 miles southeast of Panama City Beach along the panhandle of Florida and is vulnerable to flooding due to its proximity to the Gulf of Mexico (GoM), Saint Andrew Sound and Saint Andrew Bay. A land bridge connects the barrier island to the mainland of Tyndall AFB …


Feminist Political Ecology In The Classroom, Ella J. Yeigh Apr 2024

Feminist Political Ecology In The Classroom, Ella J. Yeigh

Northwest Journal of Teacher Education

As the effects of climate change are being felt more frequently, discussions on how to combat such a massive issue are increasingly prevalent. Finding solutions to the climate crisis requires an understanding of how mainstream economic systems have led to the climate crisis and using these same principles to get out of the climate crisis is misguided. Economic actions have inherent value biases that have real political effects. Feminist Political Ecology (FPE) as a theoretical model presents a better understanding of how values that are inherent in economic models such as reliance on efficiency, markets, and continual economic growth have …


Strategic Pattern And Optimization Of China's Eco-Regions During Fifteenth Five-Year Plan Period, Kan Zhou, Jie Fan, Daojing Zhou, Zhedong Qian, Hu Yu, Hanchu Liu, Jian Zhang Apr 2024

Strategic Pattern And Optimization Of China's Eco-Regions During Fifteenth Five-Year Plan Period, Kan Zhou, Jie Fan, Daojing Zhou, Zhedong Qian, Hu Yu, Hanchu Liu, Jian Zhang

Bulletin of Chinese Academy of Sciences (Chinese Version)

Since the implementation of the major function oriented zoning, the ecological space of key ecological functional areas has continuously expanded, with a significant increase in vegetation coverage. Concurrently, there has been a dual change in population dynamics, characterized by a decrease in total population and an increase in the urban population. Furthermore, significant achievements have been made in economic and social development, and there has been a steady improvement in the functions of ecological security barriers, contributing to an alleviation of tension in human-environment relationships. During the 15th Five-Year Plan period, it is imperative to adhere to the functional orientation …


Hgs-3 The Influence Of A Tandem Cycling Program In The Community On Physical And Functional Health, Therapeutic Bonds, And Quality Of Life For Individuals And Care Partners Coping With Parkinson’S Disease, Leila Djerdjour, Jennifer L. Trilk Apr 2024

Hgs-3 The Influence Of A Tandem Cycling Program In The Community On Physical And Functional Health, Therapeutic Bonds, And Quality Of Life For Individuals And Care Partners Coping With Parkinson’S Disease, Leila Djerdjour, Jennifer L. Trilk

SC Upstate Research Symposium

Purpose Statement: Several studies have shown that aerobic exercise can have a positive impact on alleviating symptoms experienced by individuals with Parkinson's disease (PD). Despite this evidence, the potential benefits of exercise for both PD patients and their care partners (PD dyad) remain unexplored. This research project investigates the effectiveness, therapeutic collaborations, and physical outcomes of a virtual reality (VR) tandem cycling program specifically designed for PD dyads.

Methods: Following approval from the Prisma Health Institutional Review Board, individuals with PD were identified and screened by clinical neurologists. The pre-testing measures for PD dyads (N=9) included emotional and cognitive status …


Optimizing Nba Roster Construction, Nick R. Riccardi Apr 2024

Optimizing Nba Roster Construction, Nick R. Riccardi

Sport Management - All Scholarship

This study aims to quantify the effect that complementary player types have on team success in the National Basketball Association. Using cluster analysis, player-seasons are redefined from their traditional basketball positions to better encompass the roles that players play. For the 10 seasons of data, the best player for each of the 30 teams in the league is determined and teams are grouped based on the cluster of their best player. Ordinary Least Squares regressions are performed to test what player types fit together best. The results of this study show the importance of complementary workers to a firm’s success.


“It’S A No Brainer”: Ensuring Just Transitions In Iceland’S Fishing Industry, Olivia Bowers Apr 2024

“It’S A No Brainer”: Ensuring Just Transitions In Iceland’S Fishing Industry, Olivia Bowers

Independent Study Project (ISP) Collection

Iceland’s government intends to achieve carbon neutrality by 2040, aiming to target various economic sectors and industries for increased renewable-energy usage. One of its most important plans revolves renewable-energy usage in the fishing industry, which accounts for almost 12% of the country’s GHG emissions. This study aims to understand the perspectives of different stakeholders concerning renewable energy in the fishing industry, using these opinions and existing literature to provide recommendations for a just, equitable, and achievable energy transition. Additionally, this study particularly focuses on the opinions of actors in Vestmannaeyjar, an island community of 4,300 with an especially vibrant, significant, …


Health And Healthcare: Designing For The Social Determinants Of Health And Blue Zones In North Nashville, Rebecca Tonguis, Honor Thomas, Olivia Hobbs Apr 2024

Health And Healthcare: Designing For The Social Determinants Of Health And Blue Zones In North Nashville, Rebecca Tonguis, Honor Thomas, Olivia Hobbs

Belmont University Research Symposium (BURS)

Owned by North Nashville’s First Community Church, a now empty site in the Osage-North Fisk neighborhood of North Nashville has been identified as a potential site for a new location of The Store, in addition to a community-centric architectural development based on the social determinants of health and informed by the principles behind Blue Zones, the locations with the highest lifespans in the world. Opened by Brad Paisley and Kimberly Williams-Paisley, The Store is a free grocery store that “allow[s] people to shop for their basic needs in a way that protects dignity and fosters hope”, for which North Nashville …


Mpt And Capm Mismeasure Risk, Gary N. Smith Mar 2024

Mpt And Capm Mismeasure Risk, Gary N. Smith

Pomona Economics

Mean-variance analysis and the capital asset pricing model provide many useful insights for investors who want to measure and manage risk. However, their focus on short-term returns is of limited use and potentially misleading for investors with long horizons. A value investing approach suggests that risk might be better measured by long-run uncertainty about asset income than by short-run uncertainty about asset prices.