"What's the Use of Having a Reputation If You Can't Ruin It Every Now and Then?" Regulatory Enforcement Actions on Banks and the Structure of Loan Syndicates

A decrease in the reputation of a loan syndicate's lead arranger, caused by a regulatory enforcement action for non-compliance with laws and regulations, disincentivizes potential syndicate participants from co-financing the loan. We formally argue that in such cases, the lead arranger must increase his share of the loan in order to make the loan sufficiently attractive to potential participants. We provide strong empirical evidence to support our theoretical argument, using the full sample of enforcement actions enacted on U.S. banks from 2000 through 2010 as well as syndicated loan-level data

Dispersive wave runup on non-uniform shores

Historically the finite volume methods have been developed for the numerical integration of conservation laws. In this study we present some recent results on the application of such schemes to dispersive PDEs. Namely, we solve numerically a representative of Boussinesq type equations in view of important applications to the coastal hydrodynamics. Numerical results of the runup of a moderate wave onto a non-uniform beach are presented along with great lines of the employed numerical method (see D. Dutykh et al. (2011) for more details).Comment: 8 pages, 6 figures, 18 references. This preprint is submitted to FVCA6 conference proceedings. Other author papers can be downloaded at http://www.lama.univ-savoie.fr/~dutykh

Order in de Broglie - Bohm quantum mechanics

A usual assumption in the so-called {\it de Broglie - Bohm} approach to quantum dynamics is that the quantum trajectories subject to typical `guiding' wavefunctions turn to be quite irregular, i.e. {\it chaotic} (in the dynamical systems' sense). In the present paper, we consider mainly cases in which the quantum trajectories are {\it ordered}, i.e. they have zero Lyapunov characteristic numbers. We use perturbative methods to establish the existence of such trajectories from a theoretical point of view, while we analyze their properties via numerical experiments. Using a 2D harmonic oscillator system, we first establish conditions under which a trajectory can be shown to avoid close encounters with a moving nodal point, thus avoiding the source of chaos in this system. We then consider series expansions for trajectories both in the interior and the exterior of the domain covered by nodal lines, probing the domain of convergence as well as how successful the series are in comparison with numerical computations or regular trajectories. We then examine a H\'{e}non - Heiles system possessing regular trajectories, thus generalizing previous results. Finally, we explore a key issue of physical interest in the context of the de Broglie - Bohm formalism, namely the influence of order in the so-called {\it quantum relaxation} effect. We show that the existence of regular trajectories poses restrictions to the quantum relaxation process, and we give examples in which the relaxation is suppressed even when we consider initial ensembles of only chaotic trajectories, provided, however, that the system as a whole is characterized by a certain degree of order.Comment: 25 pages, 12 figure

Age-related Differences in Prestimulus Subsequent Memory Effects Assessed with Event-related Potentials

Prestimulus subsequent memory effects (preSMEs)—differences in neural activity elicited by a task cue at encoding that are predictive of later memory performance—are thought to reflect differential engagement of preparatory processes that benefit episodic memory encoding. We investigated age differences in preSMEs indexed by differences in ERP amplitude just before the onset of a study item. Young and older adults incidentally encoded words for a subsequent memory test. Each study word was preceded by a task cue that signaled a judgment to perform on the word. Words were presented for either a short (300 msec) or long (1000 msec) duration with the aim of placing differential benefits on engaging preparatory processes initiated by the task cue. ERPs associated with subsequent successful and unsuccessful recollection, operationalized here by source memory accuracy, were estimated time-locked to the onset of the task cue. In a late time window (1000–2000 msec after onset of the cue), young adults demonstrated frontally distributed preSMEs for both the short and long study durations, albeit with opposite polarities in the two conditions. This finding suggests that preSMEs in young adults are sensitive to perceived task demands. Although older adults showed no evidence of preSMEs in the same late time window, significant preSMEs were observed in an earlier time window (500–1000 msec) that was invariant with study duration. These results are broadly consistent with the proposal that older adults differ from their younger counterparts in how they engage preparatory processes during memory encoding

New Kadampa Buddhists and Jungian psychological type

Building on previous studies on Canadian Anglicans and Catholics, this study examines and discusses the psychological type profile of 31 adherents to New Kadampa Buddhism. Like Anglicans and Catholics, Buddhists preferred introversion (I). Like Anglicans who preferred intuition (N) and unlike Catholics who preferred sensing (S), Buddhists displayed a preference for intuition (N). Unlike Anglicans and Catholics who both preferred feeling (F), Buddhists displayed a balance between feeling (F) and thinking (T). Like Anglicans and unlike Catholics, Buddhists preferred the Apollonian temperament (NF) over the Epimethean temperament (SJ). These data are discussed to interpret the psychological appeal of New Kadampa Buddhism

Congregational bonding social capital and psychological type : an empirical enquiry among Australian churchgoers

This study explores the variation in levels of bonding social capital experienced by individual churchgoers, drawing on data generated by the Australian National Church Life Survey, and employing a five-item measure of church-related bonding social capital. Data provided by 2065 Australian churchgoers are used to test the thesis that individual differences in bonding social capital are related to a psychological model of psychological types (employing the Jungian distinctions). The data demonstrated that higher levels of bonding social capital were found among extraverts (compared with introverts), among intuitive types (compared with sensing types) and among feeling types (compared with thinking types), but no significant differences were found between judging types and perceiving types

Why do people fail to turn good intentions into action? : The role of executive control processes in the translation of healthy eating intentions into action in young Scottish adults

Non peer reviewedPublisher PD

Executive functioning, motor difficulties and developmental coordination disorder

The current study assessed a comprehensive range of executive functions (EFs) in children with poor motor skills, comparing profiles of children with a diagnosis of developmental coordination disorder (DCD) and those identified with motor difficulties (MD). Children in both groups performed more poorly than typically-developing controls on nonverbal measures of working memory, inhibition, planning and fluency, but not on tests of switching. The similar patterns of strengths and weaknesses in children with MD and DCD have important implications for parents, teachers and clinicians, as children with MD may struggle with EF tasks even though their motor difficulties are not identified