We investigate the relative informativeness of earnings and dividends for firms with dual class capital structures. In these firms, two classes of common stock create a separation between cash flow rights and voting rights. Despite the concentrated ownership in the dual class firms, we find significantly lower informativeness of earnings, in the form of a weaker returns-earnings association, th...

The optimal mechanism literature shows that the principal can extract all the equilibrium payoffs at a given Bayesian Game when the players’ information is correlated. For this result to hold, the principal needs to know how informative are the agents’ signals. If the principal does not know how noisy the signal of a player is, or equivalently, when the signals available to a player can be rank...

Œe design and presentation of a Search Engine Results Page (SERP) has been subject to much research. With many contemporary aspects of the SERP now under scrutiny, work still remains in investigating more traditional SERP components, such as the result summary. Prior studies have examined a variety of di‚erent aspects of result summaries, but in this paper we investigate the inƒuence of result ...

OBJECTIVE To evaluate inspiratory volume in patients undergoing cardiac surgery and to determine the effects that incentive spirometry (IS) and the breath stacking (BS) technique have on the recovery of FVC in such patients. METHODS A prospective, controlled, randomized clinical trial involving 35 patients undergoing cardiac surgery at the Hospital de Força Aérea do Galeão (HFAG, Galeão Air F...

INFORMATIVENESS AND THE COMPUTATIONAL METROLOGY OF COLLABORATIVE ADAPTIVE SENSOR SYSTEMS

Language comprehenders make a wide variety of pragmatic inferences to determine the meaning of ambiguous utterances in context. These inferences are affected by both the informativeness of the alternative messages with respect to an interpretation and the relevance of potential interpretations within the context (Grice, 1975). We use simple referential games to explore the interaction of these ...