Archive for the ‘Uncategorized’ Category

This Fascinating Study Of 15,208 Pairs Of Swedish Twins Sheds New Light On Investor Behavior

It would seem that an individual's ability to invest could have something to do with genetics.

Stephan Siegel of Arizona State University and Henrik Cronqvist of Claremont McKenna College (via The Economist) studied the investment patterns of 15,208 pairs of Swedish twins, of which 4,636 pairs were identical twins.

The Swedish Twin Registry is the largest twin registry in the world. The Swedish Tax Authority also maintains robust records of individuals' financial portfolios, including all transactions during the year.

According to Siegel and Cronqvist's findings, identical twins display investing patterns that are more similar than those of fraternal twins.

Because identical twins are genetically identical whereas fraternal twins share around 50 percent of each others genes, the researchers argue that genetics can explain up to 50 percent of the variation in investment behavioral biases, including the reluctance to realize losses, performance chasing, and home bias.

From their abstract:

...We find no evidence that education is a significant moderator of genetic investment behavior. Genetic effects on investment behavior are correlated with genetic effects on behaviors in other domains (e.g., those with a genetic preference for familiar stocks also exhibit a preference for familiarity in other domains), suggesting that investment biases is only one facet of much broader genetic behaviors. Our evidence provides a biological basis for non-standard preferences that have been used in asset pricing models, and has implications for the design of public policy in the domain of investments.

You can download their findings at SSRN.

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This Fascinating Study Of 15,208 Pairs Of Swedish Twins Sheds New Light On Investor Behavior

Dragonflies on Your nail. Using Dot's | Nail Art Designs | 035 – Video

11-03-2012 07:15 Learn To Cut and Style Like Professional ? tinyurl.com ? Quick And Easy Fat Torching Recipes: tinyurl.com Konad Nail Art Double Ended Stamper And Scraper j.mp Konad Nail Art Stamping Polish - White j.mp Konad Nail Art Stamping Polish - Black j.mp Gelish Basix Kit...

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Dragonflies on Your nail. Using Dot's | Nail Art Designs | 035 - Video

Internet Setup 101: How to Set Up WiFi – Video

11-03-2012 15:14 Learn how to set up WiFi in this Howcast video about wireless network technology and internet setup. Subscribe to Howcast YouTube Channels: Howcast Main Channel - howc.st Howcast Video Games Channel - howc.st Howcast Tech Channel - howc.st Howcast Food Channel - howc.st Howcast Arts & Recreation Channel - howc.st Howcast Sports & Fitness Channel - howc.st Howcast Personal Care & Style Channel - howc.st Howcast empowers people with engaging, useful how-to information wherever, whenever they need to know how. Emphasizing high-quality instructional video production, Howcast brings you leading experts and accurate, reliable information on topics ranging from makeup tutorials, cute hairstyles, and nail art designs to soccer tricks, parkour, skateboarding, and Call of Duty: Black Ops, plus how to dougie, how to kiss, and much, much more.

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Internet Setup 101: How to Set Up WiFi - Video

COMMENTARY: Internet access: A human right

Islamabad (Dawn/ANN) - In November, the Pakistan Telecommunications Authority (PTA) attempted to filter 1,500 words out of SMS messages.

The initiative was ridiculed into oblivion, and one thought the government would take a hiatus from clumsy censorship. But no.

The National ICT Research and Development Fund, under the aegis of the Ministry of Information Technology, recently advertised a public tender for the development of an Internet filtering and blocking system. The move indicates how completely out of touch the powers that be are with contemporary Pakistan, the 21st century and democratic values on the whole.

Internet service providers (ISPs), who finance the fund, have defended the filter, arguing that it is not a censorship tool, but a means by which to make existing efforts to block online content more time- and cost-efficient. This is utter nonsense. The power to efficiently and effectively block up to 50 million websites, as per the tender's demands, is an incentive for widespread online censorship.

Many indications that the government will take improper advantage of a censoring mechanism already exist. Pakistan currently ranks 151st out of a list of 179 countries on a 2011 media freedom ranking by Reporters Without Borders. This is hardly the environment in which to introduce an Internet filtering system with the hope that it will be judiciously deployed.

The tender has also been announced at a time when it is clear the authorities are hurting from relatively unrestrained media coverage of their activities: last month, the Pakistan Electronic Media Regulatory Authority announced new regulations for private television channels, which prevent the broadcast of material that undermines Pakistan's sovereignty, compromises the national interest, or ridicules organs of the state. It is also no coincidence that the call for an Internet filter comes the year before a general election - a last-ditch effort to minimise critical discourse about the government in campaign season?

The political motivations behind the tender suggest that the criteria for blocking online content will be harsh and arbitrary. One can expect much benign content to be censored. Clearly, no one at the Ministry of Information Technology is thinking about the fallout of limited information access for students, businesses, scientific researchers and others trying to engage with and compete in an innovative, global marketplace.

It is also worth noting that the Internet filter tender not only foreshadows censorship to come, but also highlights the extent to which it is rampant. Private-sector ISPs are agreeable to financing the filter in response to continued pressure from the civilian government and army to block online content. When talking to free-speech activists, they defend their actions by arguing that the Internet is already being censored, the filter will simply automate the process to save time and money for the ISPs. In sum, censorship is already a fait accompli in Pakistan.

It is appalling that this tender was announced during a civilian government's tenure. Freedom of speech is a fundamental requirement of a functioning democracy. The fact that this government is willing to pay money for technology that institutionalises censorship speaks poorly of its democratic credentials, its long-term vision for the country, and its aspirations for Pakistan on the international stage.

Pakistan's luddite politicians may not realise this, but in the 21st century, the freedom of the Internet is a gauge of a country's genuine commitment to democracy and human rights (lest we forget, the United Nations has declared Internet access to be a human right). This is especially true when governments seek both to censor their citizens and invade their privacy: in addition to blocking websites, the proposed filter will seek to infiltrate encrypted content. If Pakistan goes ahead with this inane plan, its civilian government will be spoken of in the same terms as prior dictatorships: regressive, authoritarian, undemocratic. For a moment, let's concede that the Pakistan government cannot comprehend that censorship is bad, and that while it stifles dissent in the short run, it sparks social discontent in the long run. There is still no excuse for the government's failure to think through this initiative strategically.

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COMMENTARY: Internet access: A human right

WW.Racing MX5 Challenge Sponsored by Western Digital Main Event – Video

10-03-2012 13:12 Western Wolves Racing Division created a tournament on iRacing that hosted a number of drivers racing at Zandvoort in the Mazda MX5. This is the main event of that tournament. We had a wide range of drivers going from tintop specialist to iRacing's best drivers who compete in the Drivers World Championship. The race is 16 laps long that lasts approximately 30 minutes. Prize money was given to the top 3 positions. Commentators: Chris Ford and Chris Wilkinson Interviews at the end: Teemu Iivonen and Evan Maillard

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WW.Racing MX5 Challenge Sponsored by Western Digital Main Event - Video