Black Swans or Dirty Ducks? A Retrospective Challenge the Unchallenged It’s a duty of risk managers to challenge that which rests unchallenged. Nassim Nicholas Taleb did a great service by popularizing risk concepts in his book‚ The Black Swan . However‚ it is easy to get seduced by his enthusiasm‚ carried away by his pace and miss a few flaws. Over the last six years since it was published The Black Swan has been virtually unchallenged as a standard reference book. However‚ on closer examination
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OPENING. Perhaps the most well known line from Adolf Loos’s famous essay “Ornament and Crime” is the claim that‚ “As ornament is no longer organically related to our culture‚ it is also no longer the expression of our culture”. This move‚ which separates ornament and culture‚ links Modernist architecture to the culture of modernity. Reading this now two things emerge. The first is a statement of intent – Modernist architecture clearly defines itself in relation to culture. The second is a question
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Organizational life cycle Prof.univ.dr. Ion Gh. ROŞCA Prof.univ.dr. George MOLDOVEANU Academ de Studii Economice din Bucureşti Abstract This paper proposes an analogy between rational biological model and the organizations’ development during their existence. So‚ organizations’ "born" or creation are considered the result of genetic algorithms‚ transformations are identified with changes that aim the adapting to the environment‚ and finally the ”death” treats the state of
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On Mathieu Equations by Nikola Mišković‚ dipl. ing. Postgraduate course Differential equations and dynamic systems Professor: prof. dr. sc. Vesna Županović The Mathieu Equation An interesting class of linear differential equations is the class with time variant parameters. One of the most common ones‚ due to its simplicity and straightforward analysis is the Mathieu equation. The Mathieu function is useful for treating a variety of interesting problems in applied
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As I opened the door to the panic room‚ I realized something…I had opened the door to the panic room. A place that when entered should have been locked should’ve been sealed so that nothing less than a tank could get through the door. Something was definitely awry. I released the handle and my hand came away sticky. It was blood‚ who’s I didn’t know but the handle was coated in it. Now that the ash no longer clouded my vision I could see that the panic room was pristine as ever. The walls unlike
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International Journal of Statistics and Probability; Vol. 1‚ No. 2; 2012 ISSN 1927-7032 E-ISSN 1927-7040 Published by Canadian Center of Science and Education The Efficient Market Hypothesis: Empirical Evidence Martin Sewell1 1 Faculty of Economics‚ University of Cambridge‚ Cambridge‚ United Kingdom Correspondence: Martin Sewell‚ Faculty of Economics‚ University of Cambridge‚ Sidgwick Avenue‚ Cambridge CB3 9DD‚ United Kingdom. Tel: 44-797-414-5461. E-mail: mvs25@cam.ac.uk Received: June
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2015 ADAPTIVE ARCHITECTURE UROOJ SHAFIQUE (10) 1/30/2015 ADAPTIVE ARCHITECTURE: “People are happiest in buildings where change occurs at every scale from weeks to centuries. Such buildings are fractals in time.” —Stewart Brand Abstract: Adaptive Architecture is a multi-disciplinary field concerned with buildings that are designed to adapt to their environments‚ their inhabitants and objects as well as those buildings that are entirely driven by internal data. Architectural reuse processes include
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CONVERGING TECHNOLOGIES: THE FUTURE OF THE GLOBAL INFORMATION SOCIETY Introduction: The complex web of the global information grid will undergo explosive changes over the coming decades. As advances in science and technology converge‚ a myriad array of discoveries in biotechnology‚ nanotechnology and information technology will produce unpredictable effects that must be accounted for in any estimate of what the world will look like in this future. A strategically important feature of
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The History of Macromedia Flash Adobe Flash‚ formerly known as Macromedia Flash‚ is a software program used to create and manipulate graphics and animation. It is one of the most common programs used for creating animated web pages‚ video players‚ and audio streaming applications. Flash files are traditionally in the SWF format‚ or ShockWave Flash‚ though many other types of files can be viewed or manipulated with this software. 1. Early History * The history of Flash can be traced
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1458 IEEE TRANSACTIONS ON IMAGE PROCESSING‚ VOL. 20‚ NO. 5‚ MAY 2011 IMAGE Resolution Enhancement by Using Discrete and Stationary Wavelet Decomposition Hasan Demirel and Gholamreza Anbarjafari Abstract—In this correspondence‚ the authors propose an image resolution enhancement technique based on interpolation of the high frequency subband images obtained by discrete wavelet transform (DWT) and the input image. The edges are enhanced by introducing an intermediate stage by using stationary
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