2,264 research outputs found
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What makes students satisfied? A discussion and analysis of the UKās national student survey
This paper analyses data from the National Students Survey, determining which groups of students expressed the greatest levels of satisfaction. We find students registered on clinical degrees and those studying humanities to be the most satisfied, with those in general engineering and media studies the least. We also find contentment to be higher among part-time students, and significantly higher among Russell group and post-1992 universities. We further investigate the sub-areas that drive overall student satisfaction, finding teaching and course organisation to be the most important aspects, with resources and assessment and feedback far less relevant. We then develop a multi- attribute measure of satisfaction which we argue produces a more accurate and more stable reflection of overall student satisfaction than that based on a single question
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Medieval property investors, ca. 1300-1500
This paper utilises a dataset of freehold land and property transactions from medieval England to highlight the growing commercialisation of the economy. By drawing on the legal records we are able to demonstrate that the medieval real estate market provided the opportunity for investors to profit. Careful analysis of the data provides evidence of group purchases, multiple transactions and investors buying outside of their own locality. The identification of these āinvestorsā and their buying behaviours, set within the context of the English medieval economy, contributes to the early commercialisation debate
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Is there a āmagic linkā between research activity, professional teaching qualifications and student satisfaction?
The increasing prominence given to student satisfaction at UK Universities as a response to the introduction of fees and the growing stature of league tables has led to a desire to understand the factors that affect the quality of the student experience. Therefore, this paper examines whether students who study at universities in the UK where research is highly rated or where a high proportion of faculty are professionally qualified are more satisfied, measuring satisfaction through data from the National Student Survey. Our key results are first, that students are happiest at pre-1992 universities outside the Russell group and where the amount of top-rated research is lower. Second, we uncover no link between student contentment and the percentage of faculty holding formal teaching qualifications. Our findings have important implications for university policies regarding the link between research and teaching and for the current drive to āprofessionaliseā teaching in higher education
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Fighting merchants
Selected essays from a conference held in November 2013 to celebrate the contribution to scholarship of the medieval historian Professor James L. Bolton
Causal Quantum Theory and the Collapse Locality Loophole
Causal quantum theory is an umbrella term for ordinary quantum theory
modified by two hypotheses: state vector reduction is a well-defined process,
and strict local causality applies. The first of these holds in some versions
of Copenhagen quantum theory and need not necessarily imply practically
testable deviations from ordinary quantum theory. The second implies that
measurement events which are spacelike separated have no non-local
correlations. To test this prediction, which sharply differs from standard
quantum theory, requires a precise theory of state vector reduction.
Formally speaking, any precise version of causal quantum theory defines a
local hidden variable theory. However, causal quantum theory is most naturally
seen as a variant of standard quantum theory. For that reason it seems a more
serious rival to standard quantum theory than local hidden variable models
relying on the locality or detector efficiency loopholes.
Some plausible versions of causal quantum theory are not refuted by any Bell
experiments to date, nor is it obvious that they are inconsistent with other
experiments. They evade refutation via a neglected loophole in Bell experiments
-- the {\it collapse locality loophole} -- which exists because of the possible
time lag between a particle entering a measuring device and a collapse taking
place. Fairly definitive tests of causal versus standard quantum theory could
be made by observing entangled particles separated by light
seconds.Comment: Discussion expanded; typos corrected; references adde
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Interest rates and efficiency in medieval wool forward contracts
Abstract While it is commonly believed that derivative instruments are a recent invention, we document the existence of forward contracts for the sale of wool in medieval England around 700 years ago. The contracts were generally entered into by English monasteries, who frequently sold their wool for up to twenty years in advance to mostly foreign and particularly Italian merchants. Employing a unique source of data collected by hand from the historical records, we determine the interest rates implied in these transactions and we also examine the efficiency of the forward and spot markets. The calculated interest rates average around 20%, in accordance with available information concerning the interest rates used in other types of transactions at that time. Perhaps surprisingly, we also find little evidence of informational inefficiencies in these markets
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āLeger est aprendre mes fort est arendreā: wool, debt, and the dispersal of Pipewell Abbey (1280-1330)
It has long been known that English Cistercian monasteries often sold their wool in advance to foreign merchants in the late thirteenth century. The abbey of Pipewell in Northamptonshire features in a number of such contracts with Cahorsin merchants. This paper looks again at these contracts in the context of over 200 other such agreements found in the governmental records. Why did Pipewell descend into penury over this fifty year period? This case study demonstrates that the promise of ready cash for their most valuable commodity led such abbots to make ambitious agreements ā taking on yet more debt to service existing creditors ā that would lead to their eventual bankruptcy
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Time-varying price discovery in the eighteenth century: empirical evidence from the London and Amsterdam stock markets
This paper examines the time-varying nature of price discovery in eighteenth century cross-listed stocks. Specifically, we investigate how quickly news is reflected in prices for two of the great moneyed com- panies, the Bank of England and the East India Company, over the period 1723 to 1794. These British companies were cross-listed on the London and Amsterdam stock exchange and news between the capitals flowed mainly via the use of boats that transported mail. We examine in detail the historical context sur- rounding the defining events of the period, and use these as a guide to how the data should be analysed. We show that both trading venues contributed to price discovery, and although the London venue was more important for these stocks, its importance varies over time
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What can the black death tell us about the global economic consequences of a pandemic?
The COVID-19 pandemic and global lockdown have led to academics and media outlets looking for historical parallels to draw lessons from. Whilst great care needs to be taken when trying to relate events many centuries apart, this chapter reviews the Black Death (1348-1351) and particularly focuses upon its economic impact on England. We will contextualise the pandemic and illustrate both the immediate and longer term outcomes of this devastating event. Whilst we can direct the reader to implications for our current situation, we will also discuss the many differences of these two global events
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When is a MAX not the MAX? How news resolves information uncertainty
A well-known asset pricing anomaly, the āMAXā effect, measured by the maximum daily return in the past month, depicts stocksā lottery-like features and investor gambling behaviour. Using the comprehensive stock-level Dow Jones (DJNS) news database between 1979 and 2016, we consider in a empirical setting how the presence of news reports affects these lottery-type stocks. We find an augmented negative relationship between MAX stocks without news and expected returns, whereby MAX with news coverage generates return momentum. The differing future return relationships between MAX stocks with and without news appears to be best explained by information uncertainty mitigation upon news arrival. Overall, our findings suggest that news plays a role in resolving information uncertainty in the stock market
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