This study shows that the recent 80% decrease in dealer inventories of corporate bonds has increased the cost of immediacy. For safe bonds which are quickly turned over again by dealers the increase is up to 15%, while for risky bonds which are kept on inventory by dealers the increase is up to 100% on average. The time series of transaction costs is estimated using the natural experiment of co...

Issue 23 - From 14 to 31 May 2010, the Yugoslavian-born performance artist Marina Abramović mounted a large-scale retrospective of her work at Museum Modern Art, New York. Designed “to transmit presence and make historical performances accessible larger audience”, Abramović: The Artist is Present included re-enactments several signature works performed by younger artists (chosen coached A...

a significant share of classroom interaction occurs between teachers and language learners. therefore, the individual characteristics of teachers could play facilitative or impeding roles thus encouraging or discouraging learners from getting engaged in interaction and meaning negotiation attempts when interacting with their teachers. surprisingly however, this area has attracted scant attentio...

People tend to perceive immediate emotions as more intense than previous emotions. This immediacy bias in emotion perception occurred for exposure to emotional but not neutral stimuli (Study 1), when emotional stimuli were separated by both shorter (2 s; Studies 1 and 2) and longer (20 min; Studies 3, 4, and 5) delays, and for emotional reactions to pictures (Studies 1 and 2), films (Studies 3 ...