Hersh Shefrin
- Published in print:
- 2002
- Published Online:
- November 2003
- ISBN:
- 9780195161212
- eISBN:
- 9780199832996
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0195161211.003.0012
- Subject:
- Economics and Finance, Financial Economics
Misframing and heuristic‐driven bias combine to confuse investors about the relative contributions of skill and luck in fund performance. Investors invariably attribute excessive weight to skill, and ...
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Misframing and heuristic‐driven bias combine to confuse investors about the relative contributions of skill and luck in fund performance. Investors invariably attribute excessive weight to skill, and consequently they tend to overweight the importance of an individual fund's track record. Moreover, open‐end mutual funds companies tend to play to investors' weaknesses by inducing opaque frames.Less
Misframing and heuristic‐driven bias combine to confuse investors about the relative contributions of skill and luck in fund performance. Investors invariably attribute excessive weight to skill, and consequently they tend to overweight the importance of an individual fund's track record. Moreover, open‐end mutual funds companies tend to play to investors' weaknesses by inducing opaque frames.
Benjamin Kelly
- Published in print:
- 2011
- Published Online:
- January 2012
- ISBN:
- 9780199599615
- eISBN:
- 9780191731525
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199599615.003.0003
- Subject:
- Classical Studies, European History: BCE to 500CE
This chapter argues that the structural features and ideological context of the legal system of Roman Egypt made it unlikely that many petitions would have ended in firm judgments which were then ...
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This chapter argues that the structural features and ideological context of the legal system of Roman Egypt made it unlikely that many petitions would have ended in firm judgments which were then successfully enforced. This was the consequence of an overly complicated legal system, which had a large number of adjudicative officials with substantially overlapping jurisdictions. The system was prone to delays and open to abuse and obfuscation by litigants who wanted to delay the progress of a case. As far as we can tell, individual officials mostly discharged their duties at any given stage with efficiency and in accordance with the bureaucratic ideology of the province, which stressed diligence, propriety, and rationality. But this ideology slowed the processing of cases.Less
This chapter argues that the structural features and ideological context of the legal system of Roman Egypt made it unlikely that many petitions would have ended in firm judgments which were then successfully enforced. This was the consequence of an overly complicated legal system, which had a large number of adjudicative officials with substantially overlapping jurisdictions. The system was prone to delays and open to abuse and obfuscation by litigants who wanted to delay the progress of a case. As far as we can tell, individual officials mostly discharged their duties at any given stage with efficiency and in accordance with the bureaucratic ideology of the province, which stressed diligence, propriety, and rationality. But this ideology slowed the processing of cases.
Spiegler Ran
- Published in print:
- 2011
- Published Online:
- September 2011
- ISBN:
- 9780195398717
- eISBN:
- 9780199896790
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195398717.003.0007
- Subject:
- Economics and Finance, Behavioural Economics
This chapter extends the analysis of competitive markets when consumers employ sampling-based reasoning to situations in which firms can use obfuscation strategies to create price complexity. It is ...
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This chapter extends the analysis of competitive markets when consumers employ sampling-based reasoning to situations in which firms can use obfuscation strategies to create price complexity. It is shown that greater competition increases the equilibrium use of obfuscation, without lowering expected prices, and may even create production inefficiency. Consumer protection policies that introduce simple options may be counter-productive in terms of consumer welfare.Less
This chapter extends the analysis of competitive markets when consumers employ sampling-based reasoning to situations in which firms can use obfuscation strategies to create price complexity. It is shown that greater competition increases the equilibrium use of obfuscation, without lowering expected prices, and may even create production inefficiency. Consumer protection policies that introduce simple options may be counter-productive in terms of consumer welfare.
Todd M. Brenneman
- Published in print:
- 2013
- Published Online:
- January 2014
- ISBN:
- 9780199988983
- eISBN:
- 9780199370009
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199988983.003.0005
- Subject:
- Religion, Religion and Society
With the rise of a contemporary evangelical presence in politics, evangelicals have turned to emotion to shape that presence. Sentimentality, particularly, has provided the authority to be involved ...
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With the rise of a contemporary evangelical presence in politics, evangelicals have turned to emotion to shape that presence. Sentimentality, particularly, has provided the authority to be involved in politics while also enabling evangelicals to downplay their political aspirations. Fear has also been a useful emotional tool for evangelicals, but it is often combined with sentimentality or founded on it. Sentimentality has also been useful in evangelical social action to mobilize evangelicals to be active in politics as evangelicals or politicians focus on crafting the domestic sphere—especially marriage and children—as something needing prevention playing on sentiment, nostalgia, and religious fear to shape the policy of the United States. Yet sentimental rhetoric often participates in the obfuscation of structural issues at work in society, making sentimentality ineffective as a long-term plan for social transformation for evangelicals.Less
With the rise of a contemporary evangelical presence in politics, evangelicals have turned to emotion to shape that presence. Sentimentality, particularly, has provided the authority to be involved in politics while also enabling evangelicals to downplay their political aspirations. Fear has also been a useful emotional tool for evangelicals, but it is often combined with sentimentality or founded on it. Sentimentality has also been useful in evangelical social action to mobilize evangelicals to be active in politics as evangelicals or politicians focus on crafting the domestic sphere—especially marriage and children—as something needing prevention playing on sentiment, nostalgia, and religious fear to shape the policy of the United States. Yet sentimental rhetoric often participates in the obfuscation of structural issues at work in society, making sentimentality ineffective as a long-term plan for social transformation for evangelicals.
Joshua T. McCabe
- Published in print:
- 2018
- Published Online:
- May 2018
- ISBN:
- 9780190841300
- eISBN:
- 9780190841331
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780190841300.003.0001
- Subject:
- Sociology, Politics, Social Movements and Social Change, Population and Demography
Chapter 1 challenges the conventional wisdom on American exceptionalism in regard to tax and social policy. After setting up the puzzle and outlining why previous theories cannot explain them, it ...
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Chapter 1 challenges the conventional wisdom on American exceptionalism in regard to tax and social policy. After setting up the puzzle and outlining why previous theories cannot explain them, it lays out the book’s main arguments in detail. First, it outlines the book’s theory of fiscalization as an obfuscation strategy. Second, it outlines a new theory of the cultural legacies of public policies. It is not, as most scholars argue, the legacy of the Poor Law that explains America’s exceptional tax credits but rather the absence of a legacy of family allowances. It argues that “logics of appropriateness,” institutionalized in policy legacies, can limit the ability of future policymakers to extend benefits to seemingly deserving target populations. The legitimacy of a policy depends not only on who is receiving it and whether it is effective but also on how they are receiving it.Less
Chapter 1 challenges the conventional wisdom on American exceptionalism in regard to tax and social policy. After setting up the puzzle and outlining why previous theories cannot explain them, it lays out the book’s main arguments in detail. First, it outlines the book’s theory of fiscalization as an obfuscation strategy. Second, it outlines a new theory of the cultural legacies of public policies. It is not, as most scholars argue, the legacy of the Poor Law that explains America’s exceptional tax credits but rather the absence of a legacy of family allowances. It argues that “logics of appropriateness,” institutionalized in policy legacies, can limit the ability of future policymakers to extend benefits to seemingly deserving target populations. The legitimacy of a policy depends not only on who is receiving it and whether it is effective but also on how they are receiving it.
Thea S. Thorsen
- Published in print:
- 2019
- Published Online:
- February 2019
- ISBN:
- 9780198829430
- eISBN:
- 9780191867958
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198829430.003.0002
- Subject:
- Classical Studies, Literary Studies: Classical, Early, and Medieval, European History: BCE to 500CE
A number of issues obstruct our vision of Sappho and her ancient reception. This chapter revisits such obstructions as the loss of Sappho’s poetry, the difficulty of accessing information regarding ...
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A number of issues obstruct our vision of Sappho and her ancient reception. This chapter revisits such obstructions as the loss of Sappho’s poetry, the difficulty of accessing information regarding e.g. Chamaeleon’s treatise on Sappho, the attestation of the Athenian sculptor Silanion’s portrait of Sappho at Rome, and the significance of the poem variously known as Ovid’s Heroides 15 and Epistula Sapphus, as well as most of the testimonies for Sappho’s alleged ugliness and association with prostitution. Finally, conflicting images of Sappho are measured against the consistently erotic depiction of her figure and poetry at Rome, where she becomes particularly closely linked with a Roman brand of the metapoetics of love poetry, dubbed erotopoetics in this volume.Less
A number of issues obstruct our vision of Sappho and her ancient reception. This chapter revisits such obstructions as the loss of Sappho’s poetry, the difficulty of accessing information regarding e.g. Chamaeleon’s treatise on Sappho, the attestation of the Athenian sculptor Silanion’s portrait of Sappho at Rome, and the significance of the poem variously known as Ovid’s Heroides 15 and Epistula Sapphus, as well as most of the testimonies for Sappho’s alleged ugliness and association with prostitution. Finally, conflicting images of Sappho are measured against the consistently erotic depiction of her figure and poetry at Rome, where she becomes particularly closely linked with a Roman brand of the metapoetics of love poetry, dubbed erotopoetics in this volume.
