NBER WORKING PAPER SERIES EXPECTATIONS OF RETURNS AND EXPECTED RETURNS Robin Greenwood Andrei Shleifer Working Paper 18686 http://www.nber.org/papers/w18686 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 January 2013 We thank Yueran Ma for outstanding research assistance and Josh Coval‚ Jared Dourdeville‚ Sam Hanson‚ Owen Lamont‚ Stefan Nagel‚ Joshua Schwartzstein‚ Adi Sunderam‚ Annette Vissing-Jorgensen‚ Jessica Wachter‚ Fan Zhang and seminar participants
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Jan Matzeliger and his ‘shoe lasting machine’ Jan Ernst Matzeliger was born on the 15th of September 1852 in what used to be Paramaribo – part of the Dutch colonies on the South American continent‚ known as the Dutch Guiana – now the Republic of Suriname. Although his mother was a black Surinamese slave‚ his father was a white Dutch engineer‚ sent to Paramaribo to manage government machine shops. This meant that Jan‚ despite the black colour of his skin‚ was born free‚ wealthy and educated thanks
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STRATEGIC MANAGEMENT SIM336 ASSIGNMENT 1 - TITLE: Strategic Analysis Issue Date: Due Date: 10th November 2014 Monday 16th January 2015 Learning outcomes: Strategic analysis of an organization(s). Synthesis of ideas or solutions relating to strategy issues Skills outcomes:Research skills Critical evaluation Creativity Communication Moderated by: John Dixon-Dawson All work submitted must adhere to the University Policy on ‘Cheating‚ Collusion and Plagiarism’ You must not submit an assignment
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motivate youths who are interested in that field. But this is the evil part of it: Adult scenes‚ frequently shown on television‚ will have bad effect on young people’s mind. Children’s‚ who are addicted to watch television instead of playing outdoor games‚ are more prone to Obesity (which might lead to them being bullied at school or home). It has bad effects on the eyes‚ Due to television we don’t prefer to socialize with our friends and relatives. Many time we try to imitate some act‚ and honestly
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small age. So i decided that i would base my whole anthology on Food and manners around while eating food. I’ve created this anthology for my family who loves cooking‚ eating food and not to forgetting out manners around the table. “Just Desserts” by Jan Allison‚ brings back a memory of my Aunty and i at a restaurant. We were super hungry and excited to eat something after a long day. The waiter came to take our order and my Aunty said “ one cheese
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Final analyze and Game report of ERPsim Distribution Game To: Dr. Shirley Stretch-Stephenson Group C H Members: Iris Huang Ankit Sethiya Ken Chen Yuankai Wang (GS) After 2 trial rounds of ERPsim distribution game‚ our group got rank 2 out of 4 groups (actually climbing from rank 3 to 2). So everyone in the group is fully confident about the real game running in the upcoming week. After several discussions‚ we settled
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GAMES THEORY In game theory‚ Nash equilibrium (named after John Forbes Nash‚ who proposed it) is a solution concept of a game involving two or more players‚ in which each player is assumed to know the equilibrium strategies of the other players‚ and no player has anything to gain by changing only his own strategy unilaterally. If each player has chosen a strategy and no player can benefit by changing his or her strategy while the other players keep theirs unchanged‚ then the current set of strategy
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The Hunger Games - Suzanne Collins By: Sophie When a society struggles‚ it often looks towards a strong leader for inspiration. In Suzanne Collins’s The Hunger Games‚ Katniss Everdeen is looked at because of her courage‚ creative thinking and sacrificing personality. She risks her life many times to save the life of others. She is the perfect young heroine for her society. Katniss Everdeen demonstrates great courage even in the most difficult situations. After her father died in a mine
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literally no more clean dishes left leaving them no choice but to wash a dish. In creating a game theoretical model to try and better understand the quandary in our kitchen‚ we will use repeated prisoners’ dilemma games‚ collective action analysis‚ and finally‚ a two species evolutionary game. We begin by applying a Repeated Prisoners’ Dilemma I (PDI) model to our situation. The rules for a PDI game are simple; the two players can either cooperate (wash) or defect (not wash). The players can
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but also can help people to keep fit. So‚ the most famous sports party the Olympic games become more important in people’s lives. The Olympic games will be held evey four years and people all over the world will enjoy the glamor of sports during that time. Then‚ who will host the next Olympic games becomes very important and many countires want to host the Olympic games. London will host the 2012 Olympic games. The issue of which it is good or bad to be the national host becomes a hot issue. Some
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