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Institution

Tilburg University

EducationTilburg, Noord-Brabant, Netherlands
About: Tilburg University is a education organization based out in Tilburg, Noord-Brabant, Netherlands. It is known for research contribution in the topics: Population & Anxiety. The organization has 5550 authors who have published 22330 publications receiving 791335 citations.


Papers
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Journal ArticleDOI
TL;DR: This review examines various manifestations of spatial and temporal attraction between the senses (both direct effects and aftereffects), and discusses important constraints on the occurrence of these effects.
Abstract: Spatial ventriloquism refers to the phenomenon that a visual stimulus such as a flash can attract the perceived location of a spatially discordant but temporally synchronous sound. An analogous example of mutual attraction between audition and vision has been found in the temporal domain, where temporal aspects of a visual event, such as its onset, frequency, or duration, can be biased by a slightly asynchronous sound. In this review, we examine various manifestations of spatial and temporal attraction between the senses (both direct effects and aftereffects), and we discuss important constraints on the occurrence of these effects. Factors that potentially modulate ventriloquism—such as attention, synesthetic correspondence, and other cognitive factors—are described. We trace theories and models of spatial and temporal ventriloquism, from the traditional unity assumption and modality appropriateness hypothesis to more recent Bayesian and neural network approaches. Finally, we summarize recent evidence probing the underlying neural mechanisms of spatial and temporal ventriloquism.

192 citations

Journal ArticleDOI
TL;DR: In this article, a regime jump model is proposed to disentangle mean-reversion from jump behaviour. But the model is not suitable for the real price path of electricity prices. And it may lead to problems with identifying the true meanreversion within the process.
Abstract: Electricity prices are known to be very volatile and subject to frequent jumps due to system breakdown, demand shocks, and inelastic supply. As many international electricity markets are in some state of deregulation, more and more participants in these markets are exposed to these stylised facts. Appropriate pricing, portfolio, and risk management models should incorporate these facts. Authors have introduced stochastic jump processes to deal with the jumps, but we argue and show that this specification might lead to problems with identifying the true mean-reversion within the process. Instead, we propose using a regime jump model that disentangles mean-reversion from jump behaviour. This model resembles more closely the true price path of electricity prices.

192 citations

Journal ArticleDOI
TL;DR: Whether adjusting using weights or matching on a small set of variables makes the distributions of target variables representative of the population is investigated, which casts doubt on the common procedure to use only a few variables to correct for the selectivity of convenience samples.
Abstract: Web surveys are a popular survey mode, but the subpopulation with Internet access may not represent the population of interest. The authors investigate whether adjusting using weights or matching on a small set of variables makes the distributions of target variables representative of the population. This application has a rich sampling design; the Internet sample is part of an existing probability sample, the Health and Retirement Study, that is representative of the U.S. population aged 50 and older. For the dichotomous variables investigated, the adjustment helps. On average, the sample means in the Internet access sample differ by 6.5 percent before and 3.7 percent after adjustment. Still, a large number of adjusted estimates remain significantly different from their target estimates based on the complete sample. This casts doubt on the common procedure to use only a few variables to correct for the selectivity of convenience samples.

191 citations

Journal ArticleDOI
TL;DR: In this paper, a German broker's clients place similar speculative trades and therefore tend to be on the same side of the market in a given stock during a given day, week, month, and quarter.
Abstract: A German broker's clients place similar speculative trades and therefore tend to be on the same side of the market in a given stock during a given day, week, month, and quarter. Aggregate liquidity effects, short sale constraints, the systematic execution of limit orders (coordinated through price movements) or the correlated trading of other investors who pick off retail limit orders, do not fully explain why retail investors trade similarly. Correlated market orders lead returns, presumably due to persistent speculative price pressure. Correlated limit orders also predict subsequent returns, consistent with executed limit orders being compensated for accommodating liquidity demands.

191 citations

Journal ArticleDOI
TL;DR: The authors examined the boundaries of real options logic with an application to joint ventures (JVs) and found that only exogenous uncertainty will have the impact predicted by real options theory on a foreign investor's choice of how large an equity share to take in a JV.
Abstract: This paper examines the boundaries of real options logic, with an application to joint ventures (JVs). We distinguish between forms of uncertainty that are resolved endogenously and those that are resolved exogenously, and theorize that only exogenous uncertainty will have the impact predicted by real options theory on a foreign investor's choice of how large an equity share to take in a JV. We theorize that macroeconomic and institutional variables generate exogenous uncertainty whereas, by contrast, cultural distance and choices pertaining to corporate scope and product or process development activities involve endogenous sources of uncertainty that investors can both assess and act upon without having to “wait and see”. Using a sample of 6472 Sino-foreign JVs, we find support for our predictions. We discuss and implement proper methods to test for the existence of null effects, as is relevant to establish the boundaries of a theory such as real options theory. We draw implications for research and practice on JVs – specifically equity share decisions, which deserve more attention – and real options, including suitable uses and desirable extensions of the concept.

191 citations


Authors

Showing all 5691 results

NameH-indexPapersCitations
David M. Fergusson12747455992
Johan P. Mackenbach12078356705
Henning Tiemeier10886648604
Allen N. Berger10638265596
Thorsten Beck9937362708
Luc Laeven9335536916
William J. Baumol8546049603
Michael H. Antoni8443121878
Russell Spears8433631609
Wim Meeus8144522646
Daan van Knippenberg8022325272
Wolfgang Karl Härdle7978328934
Aaron Cohen7841266543
Jan-Benedict E.M. Steenkamp7417836059
Geert Hofstede72126103728
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Performance
Metrics
No. of papers from the Institution in previous years
YearPapers
202369
2022205
20211,274
20201,206
20191,097
20181,038