Enrico De Giorgi, Stefan Reimann, The α-beauty contest: Choosing numbers, thinking intervals, Games and Economic Behavior, Vol. 64 (2), 2008. (Journal Article)
We present a model for the ?-beauty contest that explains common patterns in experimental data of one-shot and iterative games. The approach is based on two basic assumptions. First, players iteratively update their recent guesses. Second, players estimate intervals rather than exact numbers to cope with incomplete knowledge of other players' rationality. Under these assumptions we extend the cognitive hierarchy model of Camerer et al. [Camerer, C., Ho, T., Chong, J., 2003b. A cognitive hierarchy model of one-shot games. Quart. J. Econ. 119, 861–898]. The extended model is estimated on experimental data from a newspaper experiment. |
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Yacine Ait-Sahalia, Loriano Mancini, Out of sample forecasts of quadratic variation, Journal of Econometrics, Vol. 147 (1), 2008. (Journal Article)
We compare the forecasts of Quadratic Variation given by the Realized Volatility (RV) and the Two Scales Realized Volatility (TSRV) computed from high frequency data in the presence of market microstructure noise, under several different dynamics for the volatility process and assumptions on the noise. We show that TSRV largely outperforms RV, whether looking at bias, variance, RMSE or out-of-sample forecasting ability. An empirical application to all DJIA stocks confirms the simulation results. |
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Rolf H Weber, Aline Darbellay, The regulatory use of credit ratings in bank capital requirement regulations, Journal of banking regulation, Vol. 10 (1), 2008. (Journal Article)
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S Amstutz, Wie die Qual der Wahl gut zu lösen ist, In: Neue Zürcher Zeitung, 256, p. 79, 1 November 2008. (Newspaper Article)
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T F Ruud, S Isufi, P Friebe, Pflicht zur Prüfung der Existenz des Internen Kontrollsystems: Bestandesaufnahme zur Steuerung und Kontrolle mittelgrosser Unternehmen in der Schweiz, Der Schweizer Treuhänder, Vol. 82 (11), 2008. (Journal Article)
Die Pflicht zur Prüfung der Existenz des IKS betrifft auch etliche mittelgrosse Unternehmen. Im Rahmen einer Umfrage haben die Universität Zürich und PwC bei diesen Unternehmen eine Bestandesaufnahme zu Kontroll- und Prüfungsaktivitäten durchgeführt. Die Ergebnisse der Umfrage werden präsentiert. |
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P Jarzabkowski, David Seidl, The role of meetings in the social practice of strategy, Organization Studies, Vol. 29 (11), 2008. (Journal Article)
This paper addresses the recent turn in strategy research to practice-based theorizing. Based on a data set of 51 meeting observations, the paper examines how strategy meetings are involved in either stabilizing existing strategic orientations or proposing variations that cumulatively generate change in strategic orientations. Eleven significant structuring characteristics of strategy meetings are identified and examined with regard to their potential for stabilizing or destabilizing existing strategic orientations. Based on a taxonomy of meeting structures, we explain three typical evolutionary paths through which variations emerge, are maintained and developed, and are selected or de-selected. The findings make four main contributions. First, they contribute to the literature on strategy-as-practice by explaining how the practice of meetings is related to consequential strategic outcomes. Second, they contribute to the literature on organizational becoming by demonstrating the role of meetings in shaping stability and change. Third, they extend and elaborate the concept of meetings as strategic episodes. Fourth, they contribute to the literature on garbage can models of strategy-making. |
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Joseph P Romano, Azeem M Shaikh, Michael Wolf, Control of the false discovery rate under dependence using the bootstrap and subsampling, Test, Vol. 17 (3), 2008. (Journal Article)
This paper considers the problem of testing s null hypotheses simultaneously while controlling the false discovery rate (FDR). Benjamini and Hochberg (1995) provide a method for controlling the FDR based on p-values for each of the null hypotheses under the assumption that the p-values are independent. Subsequent research has since shown that this procedure is valid under weaker assumptions on the joint distribution of the p-values. Related procedures that are valid under no assumptions on the joint distribution of the p-values have also been developed. None of these procedures, however, incorporate information about the dependence structure of the test statistics. This paper develops methods for control of the FDR under weak assumptions that incorporate such information and, by doing so, are better able to detect false null hypotheses. We illustrate this property via a simulation study and two empirical applications. In particular, the bootstrap method is competitive with methods that require independence if independence holds, but it outperforms these methods under dependence. |
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Bruno Frey, Margit Osterloh, Evaluitis: de ziekte van de "gecontroleerde" wetenschap, In: If you're so smart, why aren't you rich?, Boom, Amsterdam, p. 235 - 242, 2008-11. (Book Chapter)
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K H Brodersen, W D Penny, L M Harrison, Jean Daunizeau, Christian Ruff, E Duzel, K J Friston, Klaas Enno Stephan, Integrated Bayesian models of learning and decision making for saccadic eye movements, Neural Networks, Vol. 21 (9), 2008. (Journal Article)
The neurophysiology of eye movements has been studied extensively, and several computational models have been proposed for decision-making processes that underlie the generation of eye movements towards a visual stimulus in a situation of uncertainty. One class of models, known as linear rise-to-threshold models, provides an economical, yet broadly applicable, explanation for the observed
variability in the latency between the onset of a peripheral visual target and the saccade towards it. So
far, however, these models do not account for the dynamics of learning across a sequence of stimuli, and they do not apply to situations in which subjects are exposed to events with conditional probabilities. In this methodological paper, we extend the class of linear rise-to-threshold models to address these limitations. Specifically, we reformulate previous models in terms of a generative, hierarchical model, by combining two separate sub-models that account for the interplay between learning of target locations across trials and the decision-making process within trials. We derive a maximum-likelihood scheme for
parameter estimation as well as model comparison on the basis of log likelihood ratios. The utility of the
integrated model is demonstrated by applying it to empirical saccade data acquired from three healthy
subjects. Model comparison is used (i) to show that eye movements do not only reflect marginal but also
conditional probabilities of target locations, and (ii) to reveal subject-specific learning profiles over trials.
These individual learning profiles are sufficiently distinct that test samples can be successfully mapped
onto the correct subject by a naïve Bayes classifier. Altogether, our approach extends the class of linear
rise-to-threshold models of saccadic decision making, overcomes some of their previous limitations, and
enables statistical inference both about learning of target locations across trials and the decision-making process within trials. |
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Cerstin Mahlow, Michael Piotrowski, Computational Linguistics for Word Processing: Opportunities and Limits, In: Workshop on NLP for Reading and Writing: Resources, Algorithms and Tools, November 2008. (Conference or Workshop Paper)
In this paper we briefly outline editing functions which are aware of the structures of natural languages by using methods from computational linguistics. Such functions could reduce errors and better support writers in realizing their communicative goals. However, linguistic methods have limits, and there are various aspects software developers have to take into account to avoid creating a solution looking for a problem:Language-aware functions could be powerful tools for writers, but writers must not be forced to adapt to their tools. |
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Eirik Aune, Adrian Bachmann, Abraham Bernstein, Christian Bird, Premkumar Devanbu, Looking Back on Prediction: A Retrospective Evaluation of Bug-Prediction Techniques, November 2008. (Other Publication)
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Basil Wirz, Dynamische Adaption von Benutzerschnittstellen an das Interaktionsverhalten, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2008. (Master's Thesis)
To fulfill the demand of the users towards an individually adapted userinterface
which represents their preferences, their ability or their cultural background
it can be changed either before or during the usage. This work follows the
second approach and describes the coherences of such an adaptation system for
userinterfaces. For the adaptation the interaction behavior of the users will
therefore be tracked to conduct appropriate dynamic adjustments. To approve the
applicability of the recommended solution, it will be implemented in an existing
webapplication. This implementation should demonstrate the adaptation
possibilities in a real example. An experiment of the userinteraction serves to
exploit basis data, which is necessary for the adaptation. |
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Adrian Kobler, Marketing and Promotion in B2B Software Markets, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2008. (Bachelor's Thesis)
Biometry is a very interesting market since it has grown steadily in the past five
years. Several studies show that this will remain the case for the next couple of
years. This trend has been recognised not only by big companies, but also by
smaller ones which are just starting their business. And as is the case for every
startup, young enterprises need a marketing concept which enables them to
compete against bigger competitors.
This thesis analyses theoretical concepts around marketing as well as biometry.
The biometric market as a whole with a focus on Switzerland is analysed and
opportunities and threats for new companies entering this area are identified.
These theoretical foundations are applied to a startup company which has been
developing a biometric middleware for two years and is now entering the
biometric market in Switzerland. In this scenario, a marketing mix is presented
with a special focus on the promotional side, consisting of a new corporate
design.
Concluded is this thesis by presenting common problems of young enterprises in
Switzerland, software companies in general and in biometry. These findings are
combined such that the most important obstacles for a young biometric company
in Switzerland can be shown. |
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Roman Wieser, Einheitliche Kommuniaktion mit modernen Medien, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2008. (Master's Thesis)
The communication between people plays an important role in daily business as well as in private environment.
There exists many different types of media that are used to send messages and exchange information.
Over the last few years big companies like Cisco and Microsoft recognized the trend of unified communication
and established themselves in this sector.
This thesis describes different media and tries to find their similarities. These things in common of the media
will be classified and will build a taxonomy.
Different scenarios in which communication takes place will be designed to determine, when each media is
used and to explain why this medium fits to communicate.
In addition, a requirement analysis will be created to meet the functionalities of the system.
In addition an API will be designed that summarizes different media and tries to produce a uniform communication.
Various media should be treated equally, as far as allowed by their similarities. The implementation for a specific
media is based on third-party APIs, which already provide a solution for the media. |
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Raphael Blatter, Shape Preservation and Regeneration of Evolved Simulated Organisms using Artificial Ontogeny, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2008. (Bachelor's Thesis)
Simulating regeneration may help to better understand natural systems and to include such capabilities in future, more autonomous and robust machines and robots.
A framework of tools to simulate Artificial Ontogeny, including (a) the parsing of the genome, (b) the development of simple organisms and (c) their evolution has been implemented. The framework gets applied to evolve organisms that can preserve their shape and regenerate injured parts. Statistics about their evolution, their development and their genetic regulatory networks are compared between different initial conditions and random genomes.
Longer genomes are better able to keep their shape, but no significant differences were found in cyclicity and motif distribution between successful organisms and random genomes. However, regenerating organisms tend to show emergent cell differentiation. |
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Daniel Rickert, RFID im CKD-Center des Daimler Lkw-Werks Wörth, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2008. (Master's Thesis)
In recent years, RFID has gained in importance in logistics as well as in numerous industrial sectors. The relevancy of business processes and work flows and those efficient designs have become an important aspect of many management issues. In this work, processes will be analyzed on the basis of a concrete example in economics; more precisely, those possible optimization by means of innovative and traditional technologies along the entire supply chain from suppliers to customers. The successful integration of more efficient and reliable technologies into an existing environment requires proper analysis of all work flows and interfaces between all stakeholders. The objective of this process analysis is the concept development and a precise handling suggestion to enable an optimization of logistic flows. |
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Reto Geiger, Entwicklung und Evaluation eines webbasierten Trainings-Prototypen für das Reisebüro der Zukunft, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2008. (Master's Thesis)
In the last few years the travel industry has changed deeply. In the context to the research on Ñthe travel agency of the futureì, a Smartboard advisory system has been developed. The aim of this advisory system is to shift the traditional travel agency in a cooperative experience area.
In this work, the usage capabilities of this advisory system for co-worker training are to be examined. This training encloses on the one hand the multimedia supported self-improvement of product- and destination-knowing as well as a preparation on a personal computer for the cooperative consulting situation at the Smartboard. Constructing on the analysis of learning behavior of the travel advisors a web-based training prototype is developed, which connects the advantages of an explorative E-Learning application with the requirements to a cooperative consulting system.
Finally a training concept for the Smartboard consultation has been tested with travel agency trainees.
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Maria Saez Marti, Anna Sjögren, Deadlines and distractions, Journal of Economic Theory, Vol. 143 (1), 2008. (Journal Article)
We consider a task, demanding a sequence of efforts, that must be completed by a deadline. Effort is not contractible. Agents face shocks to their opportunity cost of time and are sometimes distracted from work. We show that agents who are often distracted may outperform agents who are distracted less often. The reason is that anticipation of distractions induces agents to start earlier for precautionary reasons. Principals can increase the probability of completion, and achieve higher profits, by strategically setting “tight” deadlines, provided that the deadlines can be extended with some positive probability. |
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Gregory S. Crawford, Evan Kwerel, Jonathan Levy, Economics at the FCC: 2007–2008, Review of Industrial Organization, Vol. 33 (3), 2008. (Journal Article)
In any given year, the Federal Communications Commission confronts many issues of interest to economists. This paper summarizes four issues of interest during the last year: Spectrum Auctions, Media Ownership, Quality-Adjusted Cable Prices, and Leased Access. It highlights the role that economic analysis played in each and identifies areas where further research would be fruitful. |
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Carlos Alos-Ferrer, Learning, bounded memory, and inertia, Economics Letters, Vol. 101 (2), 2008. (Journal Article)
This paper considers bounded-memory players in a coordination game, who imitate the most successful remembered actions. With exogenous inertia, risk-dominant equilibria are selected independently of the length of memory. Without inertia, Pareto-dominant equilibria arise when memory is long enough. |
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