The uncertainty

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  • In the course of the present year, one of our friends, distinguished by rank, fortune, and science, came to me upon the following occasion: In the country, he said, a young woman was taken up, and committed to jail to take her trial, for the supposed murder of her bastard child.

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  • Despite the uncertainty around the appropriation and the limited discretionary funds we project we will have available, this business plan nevertheless will enable CPB to play a significant leadership role in our industry’s efforts to design and build the public media system of the future. We will fund major projects in content, television, radio, and digital media platforms. We will fund educational content that we know through research will help close the academic achievement gap between affluent and disadvantaged children.

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  • It is widely believed that changes in exchange rates have important implications for financial decision-making and for the profitability of firms. One of the central motivations for the creation of the euro was to eliminate exchange rate risk to enable European firms to operate free from the uncertainties of changes in relative prices resulting from exchange rate movements. At the macro level, there is evidence that the creation of such currency unions results in a dramatic increase in bilateral trade (Frankel and Rose, 2002)....

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  • Many important decisions are based on the results of chemical quantitative analysis; the results are used, for example, to estimate yields, to check materials against specifications or statutory limits, or to estimate monetary value. Whenever decisions are based on analytical results, it is important to have some indication of the quality of the results, that is, the extent to which they can be relied on for the purpose in hand.

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  • Every decision involves an analysis of possible future events (costs, outcomes, markets, etc.) and selection of a choice among competing alternatives. Making a decision is making a selection. Decision analysis is the process of dismantling a decision so as to determine the inputs and processes that went into arriving at a decision. Risk management is managing (preparing for) future uncertainties. Uncertainties are risks. They are the unknowns associated with future events. The decisions we make today create the risks that we must manage tomorrow.

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  • This book was conceived as a result of many years research with students and postdocs in molecular simulation, and shaped over several courses on the subject given at the University of Groningen, the Eidgen¨ossische Technische Hochschule (ETH) in Z¨urich, the University of Cambridge, UK, the University of Rome (La Sapienza), and the University of North Carolina at Chapel Hill, NC, USA.

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  • The market for lemons quality uncertainty and mechanism present about the model with automobiles as an example; example and application; counteracting institutions; conclusion of The market for lemons quality uncertainty and mechanism.

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  • The recent credit crisis in the United States ushered in a new era of uncertainty. In some ways it was just another bubble in a long line of fi nancial manias. Like any other bubble, it was born out of an extended period of easy money that fueled prosperity, engendered speculation, and ended in a spectacular crash. In some very important ways, however, the lingering impacts are different than the bubbles of recent memory.

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  • THE EFFECTS OF MACROECONOMIC UNCERTAINTY ON IRREVERSIBLE INVESTMENT Peer group and, by extension, average student performance are endogenous to unobserved determinants of housing prices. One estimation strategy that accommodates this endogeneity is that taken by Bayer, McMillan, and Reuben (2002), who estimate a structural model for housing prices and community composition in San Francisco.

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  • Design guidelines for predicting the axial capacity of piles in sand have long been the source of considerable debate due to the geotechnical profession’s inadequate understanding of pile behavior. Analytical studies, alone, cannot resolve the uncertainties in axial capacity predictions due to the complex nature of pile behavior in sand. This chapter presents some of the factors which occur during installation and loading of pipe piles in sand, along with their potential impact on axial capacity....

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  • Many Roman villas had under-floor heating which would have been especially useful in the British winter! The Roman name, hypocaust, is Ancient Greek meaning ‘fire beneath’. The floor was supported on short columns made of stacked tiles. A fire would be kept burning (very hard work for the slaves!) in the furnace room, and the hot air would move through the under-floor area, heating the rooms above. The hot air and smoke escaped through channels in the walls. To make your hypocaust system, you will need to raise up your whole villa by around 6cm.

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  • Analytic number theorists usually seek to show that sequences which appear naturally in arithmetic are “well-distributed” in some appropriate sense. In various discrepancy problems, combinatorics researchers have analyzed limitations to equidistribution, as have Fourier analysts when working with the “uncertainty principle”. In this article we find that these ideas have a natural setting in the analysis of distributions of sequences in analytic number theory, formulating a general principle, and giving several examples. ...

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  • Pursuant to a request by the Department of Defense, the National Research Council (NRC) convened a study committee under the auspices of the Computer Science and Telecommunications Board (CSTB) to assess the nature of the U.S. national investment in software research and, in particular, to consider ways to enhance the knowledge and human resource base needed to design, produce, and employ software- intensive systems for tomorrow’s weapons and operations systems.

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  • Oracle Real Application Clusters (RAC)1 is an option to the award-winning Oracle Database Enterprise Edition. Oracle RAC is a cluster database with a shared cache architecture that overcomes the limitations of traditional shared-nothing and shared-disk approaches to provide highly scalable and available database solutions for all your business applications. Oracle RAC is a key component of Oracle’s enterprise grid architecture and cloud foundation.

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  • An infrastructure bank would also help overcome the many problems associated with the annual appropriations process and could provide the types of financial assistance that are most useful for infrastructure projects. By providing long-term loans and loan guarantees, the new bank would make year-to-year federal support significantly more predictable.

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  • In addition to redefi ning the calculation of capital requirements and establish- ing a supervisory review process under Pillars 1 and 2, Basel II imposes new and enhanced disclosure obligations on credit institutions under its third pillar. The purpose of Pillar 3 is to ensure greater transparency in terms of banks’ activities and risk strategies, as well as to enhance comparability across credit institutions – which is all in the interests of market participants.

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  • Because time-series studies focus on a given geographic location over a number of years, factors that are often thought to influence the health of the population, such as percentage of smokers, income level, occupational exposure to pollutants, access to medical care and age distribution, do not need to be incorporated into the analysis as they are considered to remain relatively constant within the study area over time. Typically, the only other factors aside from pollution included in these models are weather variables and seasonal controls.

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  • This book examines the intersection of WTO trade liberalisation rules and domestic health protection, a subject that is of considerable interest to those concerned that the WTO impinges on national regulatory auto- nomy. In analysing the tension between health protection and trade liber- alisation, the book focuses on the way in which this tension is (or is not) resolved through the dispute resolution process.

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  • The M.Ed. program offers graduate licensure in elementary education (K-6), gifted education (K-12), and special education (K-12). In the M.Ed. program, students hone skills for implementing appropriate instruction and differentiating curriculum for special needs students while deepening their understanding of the different content areas. Though skill development is an important aspect of the program, empowering teachers to make professionally mature decisions and developing collaborative leadership and research expertise are also emphasized. The M.Ed.

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  • January 2012 saw the completion of the U.S. Army’s Chemical Materials Agency’s (CMA’s) task to destroy 90 percent of the nation’s stockpile of chemical weapons. CMA completed destruction of the chemical agents and associated munitions stored at six of eight continental U.S. storage facilities as well as chemical weapons deployed overseas, which were transported to Johnston Atoll, southwest of Hawaii, and demilitarized there. The remaining 10 percent of the nation’s chemical weapons stockpile is stored at two remaining continental U.S.

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