Using a variety of different definitions of “neutrality,” this study presents significant evidence against the neutrality to market risk of hedge funds in a range of style categories. I generalize standard definitions of “market neutrality,” and propose five different neutrality concepts. I suggest statistical tests for each neutrality concept, and apply these tests to a database of monthly ret...

The paper analyzes economic evaluations by distinguishing evaluative statements from value judgments proper. Building on this basis, it compares four solutions to the value-neutrality problem in economics. After rebutting the strong theses about neutrality (normative economics is illegitimate) and non-neutrality (the social sciences are value-impregnated), the paper settles the case between the...

The human alteration of the nitrogen cycle has evolved from minimal in the mid-19th century to extensive in the present time. The consequences to human and environmental health are significant. While much attention has been given to the extent and impacts of the alteration, little attention has been given to those entities (i.e., consumers, institutions) that use the resources that result in ex...

Hahn and Wallsten [1] wrote that network neutrality “usually means that broadband service providers charge consumers only once for Internet access, do not favor one content provider over another, and do not charge content providers for sending information over broadband lines to end users.” In this paper we study the implications of non-neutral behaviors under a simple model of linear demand-re...

The neutral theory of molecular evolution and the associated notion of neutrality have interested many researchers in Evolutionary Computation. The hope is that the presence of neutrality can aid evolution. However, despite the vast number of publications on neutrality, there is still a big controversy on its effects. The aim of this paper is to clarify under what circumstances neutrality could...

Over the last years, neutrality has inspired many researchers in the area of Evolutionary Computation (EC) systems in the hope that it can aid evolution. However, there are contradictory results on the effects of neutrality in evolutionary search. The aim of this paper is to understand how neutrality named in this paper degree neutrality affects GP search. For analysis purposes, we use a well-d...

Whether to legislate to maintain " net neutrality " , the current status quo of prohibiting broadband service providers from charging online websites for preferential access to their residential and commercial customers, has become a subject under fierce debate. We develop a stylized game-theoretic model to address two critical issues of the net neutrality: (1) who are gainers and losers of aba...

This work is a study of neutrality in the context of Evolutionary Computation systems. In particular, we introduce the use of explicit neutrality with an integer string coding scheme to allow neutrality to be measured during evolution. We tested this method on a Boolean benchmark problem. The experimental results indicate that there is a positive relationship between neutrality and evolvability...