THE CIVIC SELL

The Civic Networking

This article describes and evaluates civic networks in Europe and the USA. These are seen as attempts to use new media technology, particularly the internet, to improve participation in local democratic processes. Various aspects of democratic communication are examined, including information access, preference measurement, deliberation and group mobilization. A wide variety of city-based exper...

CIVIC Entrepreneurship

Sell-Side Benchmarks

Sell-side analysts employ different benchmarks when defining their stock recommendations. For example, a ‘buy’ for some brokers means the stock is expected to outperform its peers in the same sector (“sector benchmarkers”), while for other brokers it means the stock is expected to outperform the market (“market benchmarkers”), or just some absolute return (“total benchmarkers”). We explore the ...

How to Sell Wars

On 17 March 1813 King Frederick William III of Prussia issued his appeal “to my people.” It was a call to arms for the struggle against Napoleon, a war of liberation, “...It is the final, decisive struggle that we must endure, for the sake of our existence, our independence, our fortune. There is no way out except an honorable peace, or glorious defeat.” The proclamation appeared in the newspap...

Buy Low, Sell High

We consider online trading in a single security with the objective of getting rich when its price ever exhibits a large upcrossing, without risking bankruptcy. We investigate payoff guarantees that are expressed in terms of the extremity of the upcrossings. We obtain an exact and elegant characterisation of the guarantees that can be achieved. Moreover, we derive a simple canonical strategy for...