Northampton Community College

About: Northampton Community College is a education organization based out in Bethlehem, Pennsylvania, United States. It is known for research contribution in the topics: Population & Poison control. The organization has 3410 authors who have published 4582 publications receiving 130398 citations. The organization is also known as: Northampton County Area Community College.

Systemic risk on the interbank market

Abstract: We simulate interbank lending. Each bank faces fluctuations in liquid assets and stochastic investment opportunities that mature with delay, creating the risk of liquidity shortages. An interbank market lets participants pool this risk but also creates the potential for one bank’s crisis to propagate through the system. We study banking systems with homogeneous banks, as well as systems in which banks are heterogeneous. With homogeneous banks, an interbank market unambiguously stabilizes the system. With heterogeneity, knock-on effects become possible, but the stabilizing role of interbank lending remains so that the interbank market can play an ambiguous role.

Experimentation as a way of life: Okapi at TREC

Abstract: The Okapi system has been used in a series of experiments on the TREC collections, investigating probabilistic models, relevance feedback and query expansion, and interaction issues. The TREC-6 ad hoc task was used to test an application of a new relevance weighting formula, which takes account of documents judged nonrelevant. The application was to a form of blind feedback (using the top-ranked documents from an initial search to improve the query formulation for a subsequent search, without actual relevance feedback, on the assumption that these top-ranked documents are likely to be relevant). In the routing task, the problem is one of query optimization based on a training set with known relevant documents; investigations for TREC-6 included using a form of simulated annealing for this purpose. A significant feature of this work is the need to avoid overfitting of the training sample. In the interactive track, methodology remains the major problem: we do not yet know how to conduct controlled laboratory experiments which provide good information about information retrieval interaction. The Okapi team has been particularly interested in the relation between the functionalities associated with relevance feedback and the ability of searchers to make use of these functionalities. TREC provides an excellent environment and set of tools for investigating automatic systems; its value for interactive systems is not yet proven.