Three major puzzles, described later in this section, have captured the attention of macroeconomic finance: the equity-premium, riskfreerate and equity-volatility puzzles. A common strand of these three asset-return puzzles is that markets are behaving as if investors fear some unknown hidden randomness that isn’t obvious from the data. People are acting in the aggregate like there is much more...

Conventional compilers often are large entities that are highly complex, di cult to maintain and hard to reuse. In this article it is argued that this is due to the inherently functional approach to compiler construction. An alternative approach to compiler construction is proposed, based on object-oriented principles, which solves (or at least lessens) the problems of compiler construction. Th...

Introduction The material interpretation of conditionals is commonly recognized as involving some paradoxical results. I here argue that the truth functional approach to natural language is the reason for the inadequacy of this material interpretation, since the truth or falsity of some pair of statements ‘p’ and ‘q’ cannot per se be decisive for the truth or falsity of a conditional relation ‘...

This article presents a qualitative analysis showing the dependency of effective collaborative argumentation on interpersonal relational aspects that develop during synchronous interaction. Four regulatory principles are proposed as propelling the interaction, and of these, autoregulation, or the conservative restraints within the existing relation, appears to be the dominant force. When using ...

In this work, a new external schema definition methodology for object oriented databases (OODB) that solves some of the problems of existing methodologies is presented. In particular, this new methodology avoids the need for generating derived classes that are not directly used in the defined external schema. Also, it offers a way of integrating and reusing different external schema definitions.