correction for "faking good " or "faking bad " (Meehl & Hathaway, 1946), the analysis of response sets (Cron-bach, 1946,1950), and ratings of the social de-sirability of personality test items (Edwards, 19 5 7). A further distinction can be made, how-ever, which results in a somewhat

We discuss a new strategy which allows one to drive a chaotic system in such a way that it exhibits some desired behavior. The imposed behavior can be a harmonic or other kind of signal, including a chaotic one produced by another chaotic system. The method is based on the idea of synchronization

The use of hierarchy is an important component of object-oriented design. Hierarchy allows the use of type families, in which higher level supertypes capture the behavior that all of their subtypes have in common. For this methodology to be effective, it is necessary to have a clear understanding

act. Such analysis, however, omits a central concern with the mistaken imposition of sanctions: that the prospect of such errors will chill desirable behavior. In competition law, efficient, procompetitive behavior (e.g., promotional pricing) may be discouraged; with securities regulation, the cost

" of the distributed algorithm. This capability is unique among protocols which are stable in the face of network partitions, and results in the protocol's high degree of adaptivity. This desirable behavior is achieved through the novel use of a "physical or logical clock" to establish the "

A dual taxonomy is presented to reconcile 2 incongruous facts about antisocial behavior: (a) It shows impressive continuity over age, but (b) its prevalence changes dramatically over age, increasing almost 10-fold temporarily during adolescence. This article suggests that delinquency conceals 2

. The individual measures of preference parameters display heterogeneity. Estimated risk tolerance and the elasticity of intertemporal substitution are essentially uncorrelated across individuals. Measured risk tolerance is positively related to risky behaviors, including smoking, drinking, failing to have

This paper integrates elements from the theory of agency, the theory of property rights and the theory of finance to develop a theory of the ownership structure of the firm. We define the concept of agency costs, show its relationship to the ‘separation and control’ issue, investigate the nature of the agency costs generated by the existence of debt and outside equity, demonstrate who bears costs and why, and investigate the Pareto optimality of their existence. We also provide a new definition of the firm, and show how our analysis of the factors influencing the creation and issuance of debt and equity claims is a special case of the supply side of the completeness of markets problem.

We present a consumption-based model that explains a wide variety of dynamic asset pricing phenomena, including the procyclical variation of stock prices, the long-horizon predictability of excess stock returns, and the countercyclical variation of stock market volatility. The model captures much of the history of stock prices from consumption data. It explains the short- and long-run equity premium puzzles despite a low and constant risk-free rate. The results are essentially the same whether we model stocks as a claim to the consumption stream or as a claim to volatile dividends poorly correlated with consumption. The model is driven by an independently and identically distributed consumption growth process and adds a slow-moving external habit to the standard power utility function. These features generate slow countercyclical variation in risk premia. The model posits a fundamentally novel description of risk premia: Investors fear stocks primarily because they do poorly in recessions unrelated to the risks of long-run average consumption growth.

Abstract-This paper describes a computational approach to edge detection. The success of the approach depends on the definition of a comprehensive set of goals for the computation of edge points. These goals must be precise enough to delimit the desired behavior of the detector while making minimal