The Impact of Algorithmic Trading on Mutual Fund Performance

The Impact of Algorithmic Trading on Mutual Fund Performance Abstract The paper is devoted to the mutual fund performance, tournaments and their interconnection with algorithmic trading. The theoretical research has been conducted with the purpose of understand the nature of tournaments in the industry of mutual funds.Advertising We will write a custom research paper sample on The Impact of Algorithmic Trading on Mutual Fund Performance specifically for you for only $16.05 $11/page Learn More Then, the methodology was designed with the purpose to follow the risk-taking behaviour of competitors in tournaments. This allows us to draw a conclusion that endogenous benchmark is not spread in tournament behavior, while exogenous benchmark has stronger influence. Introduction Mutual funds’ functions are limited to helping people have a small share in big corporation. There are two main ways of getting profit from mutual funds, interest or dividends to the fund or the raise of security in value.1 There are a lot of adv antages of mutual funds, like professional management of investments, affordability, variety and diversification, high convenience and easiness in recordkeeping.2 Technologies have revolutionized the processes at the financial markets and influenced the trading of financial assets.3 Having implemented different electronic platforms and algorithms for trading, some market operators are aimed at competing with others instead of â€Å"trading with a counterparty that has no high-speed access†.4 Therefore, the mutual funds are affected as well. The necessity to adopt algorithmic programs is felt due to the increases of the expected performance.5 Tournament behaviour in the mutual fund industry is defined as â€Å"the intense competition between fund managers who alter their portfolio risk with the expectation of improving or maintaining their existing ranking relative to the relevant peer group†.6 Fund managers try to reach the leading top positions at the end of the year7 as these activities are used as the basis for the first decade of a new year. There is no much difference between middle and bottom positions in the mutual fund tournament rating, so, â€Å"the optimal response of a fund manager to its interim performance is an adjustment of her risk taking†.8Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Mutual fund tournaments cover â€Å"the attempts of rational fund managers to maximize their expected compensation by adjusting the risk of their portfolios in accordance with their relative performance over a year†.9 According to Wang, â€Å"managers increase their portfolio riskiness in response to the gambling incentives, which tends to have a negative effect on fund performance†.10 Such behaviour also impacts algorithmic traders as the decisions are based on specific information on the markets and the raise of portfolio riskiness means the variation in prices. Focusing attention on mutual fund performance and tournament behaviour, Lin, Chung, Lee conducted a deeper research and identified a direct link between competition fund managers and management risk choice. These activities influence future performance. Lin, Chung, Lee stress that â€Å"the tournament system provides fund managers with the incentives to alter their portfolio risks in an effort to catch up with the market or lock in their yearly performance†.11 Beckmann, Là ¼tje, Rebeggiani have proven that tournament behavior in mutual funds depends on overconfidence, risk assessment and gender differences.12 Mutual fund performance on the international arena is conducted via algorithmic platforms in a number of reasons. Algorithmic trading engines are more secure than human trading. Moreover, algorithmic engines allow monitor and modify funds. It can be concluded that â€Å"algorithmic trading systems capitalize on the ir advantageous ability to process high-speed data feeds and react instantaneously to market movements by submitting corresponding orders or modifying existing ones†.13 The spread of algorithmic trading systems in mutual fund tournaments is explained by the dynamic changing of the principles of financial relations, client needs, cost reducing strategies, emergence of new markets, etc.14Advertising We will write a custom research paper sample on The Impact of Algorithmic Trading on Mutual Fund Performance specifically for you for only $16.05 $11/page Learn More Investors want to know the post risk-taking effect in the industry of mutual funds as this helps them understand â€Å"whether the change of risk-taking alters future fund performance†.15 This data helps algorithmic system predict the outcome of the affair and make decisions. Methodology The increase of declination of the risks may lead to wrong decisions, which, in their turn, are going to influence the situation at the fund market, as â€Å"markets always incorporate all available public information† for their needs.16 To follow the linkage between mutual funds and algorithmic trading, it is necessary to consider the risk-taking behaviour of competitors in tournaments.17 Considering closer the data which should be used for the research, it should be mentioned that sample funds should be referred to from France database for 5 past years. Only domestic equity funds are to be examined with at least 60% hold in common stock. We are not going to take into account specialist funds, closed funds and index funds.18 We expect to â€Å"alter risk-taking behaviour in response to [fund managers’] performance relative to competing fund managers†.19 The first step of our research is the examination of the monthly compound return of each fund taken in one tournament year: , where   is â€Å"the monthly change in the fund’s index series value† .20Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Next, we are going to explore â€Å"relationships between interim period performance and subsequent period risk† by means of calculating risk adjusted-return/ratio which represents the change in risk:21 , where is the intercept, is the gradient, denotes winners dummy variables denotes losers dummy variables.22 We are going to test two hypotheses, H0: b=0 and H1: b0. If the estimated coefficient is equal to 0, so we fail to reject the null hypothesis which states that â€Å"subsequent period fund risk is independent of ranking period performance†.23 If we manage to reject this hypothesis, we will focus on the alternative hypothesis aimed at exploring the central prediction of the tournament hypothesis: â€Å"funds with below benchmark returns in the first part of the year (losers) increase their total risk in the remaining part of the year, relative to better performing funds (winners)†.24 The age of funds should be related to the mutual fund performance and tour nament behavior. Therefore, having classified funs into two categories, ‘young’, which have been existing less than two years, and ‘old’, which have been existing for more than four years. The hypothesis is as follows, the investors â€Å"would be more strongly influenced by poor short-term performance history than for a fund that has been around for some time†.25 Referencing to the previous equation, we are going to utilize the following augmented dummy variable: Conclusion Using the data of France mutual funds performance, we have tested a number of hypotheses which might point to the absence of strong evidence of tournament behavior using endogenous benchmark, however, exogenous benchmark is predicted to be used in the tournament behavior. Furthermore, the impact of the choice of ‘young’ and ‘old’ funds in the mutual funds tournament may be used for changing some parameters in the algorithmic trading system to make the decisions better and more profitable for the investor. Young funds are considered to be more risky, thus, the fund’s performance should be double checked in case of using those. Bibliography A guide to understanding mutual funds, Investment Company Institute, Washington. Beckmann, D., Là ¼tje, T., Rebeggiani, L., 2007. Italian asset managers’ behavior: Evidence on overconfidence, risk taking and gender. Discussion paper, 358, pp. 1-26. Benson, K.L., Hall, J., Lim, X., 2010. Semi-annual mutual fund performance in up and down markets. [pdf]. Broihanne, M., n.d. Funds tournaments and equity portfolio managers risk-taking, [pdf], pp. 1-24. Erturk, K., Ozgur, G., 2009. What is Minsky all about, anyway? Real World Economics Review, 50, pp. 3-15. Gomber, P., Gsell, M., 2009. Algorithmic trading engines versus human traders – do they behave different in securities markets? CFS Working Paper, 2009/10, pp. 1-15. Gsell, M., 2009. Technological innovations in securitie s trading: The adoption of algorithmic trading. Pacific Asia Conference on Information Systems, pp. 1-13. Gsell, M., n.d. Assessing the impact of algorithmic trading on markets: A simulation approach. [pdf], pp. 1-12. Hallahan, T., Rahim, V., Iorio, A. D. n.p. Risk shifting in Malaysian managed funds – panel data analysis of conventional and Islamic funds. School of Economics, Finance and Marketing. [pdf], pp. 1-42. Hallahan, T., Rahim, V., Miisa, I., Yacoub, A., O’Neill, B., Backulja, M., 2009. Tournament behavior in Malaysian managed funds: A non-parametric analysis. Working Paper, 005. Hendershott, T., Riordan, R., 2009. Algorithmic trading and information. [pdf], pp. 1-40. Jans, R. Otten, R., 2008. Tournaments in the UK mutual fund industry, Managerial Finance, 34(11), pp. 786-798. Kempf, A., Ruenzi, S., 2005. Tournaments in Mutual Fund Families. Discussion Paper, 05-20, pp. 1-35. Khan, M. F., 2006. Financial modernization in 21st century and challenge for Isl amic banking, International Journal of Islamic Financial Services, 1(3), pp. 1-4. Ko, K., Ha, Y., 2010. Mutual fund tournaments and structural changes in an emerging fund market: The case of Korea. FnGuide Research Grant, pp. 113-138. Lin, M., Chung, H., Lee, C., n.d. Mutual fund tournament test: Do shareholders benefit from fund managers’ risk-taking behavior. [pdf]. Wang, X., 2010. On time varying mutual fund performance. Rotman School of Management, Toronto. Footnotes 1 A guide to understanding mutual funds. Investment Company Institute, Washington, p. 3. 2 A guide to understanding mutual funds, p. 4. 3 Terrence Hendershott, Ryan Riordan, 2009. Algorithmic trading and information. [pdf], p. 2 4 Markus Gsell, n.d. Assessing the impact of algorithmic trading on markets: A simulation approach. [pdf], p. 11. 5 Markus Gsell, 2009. Technological innovations in securities trading: The adoption of algorithmic trading. Pacific Asia Conference on Information Systems. 6 Karen L. B enson, Jason Hall, Xander Lim, 2010. Semi-annual mutual fund performance in up and down markets. [pdf], p. 1 7 Alexander Kempf Stefan Ruenzi, 2005. Tournaments in Mutual Fund Families. Discussion Paper, 05-20, p. 2. 8 Kempf Ruenzi, p. 2. 9 Kwangsoo Ko Yeonjeong Ha, 2010. Mutual fund tournaments and structural changes in an emerging fund market: The case of Korea. FnGuide Research Grant, p. 116. 10 Xiaolu Wang, 2010. On time varying mutual fund performance. Rotman School of Management, Toronto, p. 26. 11 Mei-Chen Lin, Huimin Chung, Cheng-Few Lee, n.d. Mutual fund tournament test: Do shareholders benefit from fund managers’ risk-taking behavior. [pdf], p. 24. 12  Daniela Beckmann, Torben Là ¼tje, Luca Rebeggiani, 2007. Italian asset managers’ behavior: Evidence on overconfidence, risk taking and gender. Discussion paper, 358, p. 1. 13 Peter Gomber Markus Gsell, 2009. Algorithmic trading engines versus human traders – do they behave different in securities markets? CFS Working Paper, 2009/10, p. 13. 14 M. Fahim Khan, 2006, Financial modernization in 21st century and challenge for Islamic banking, International Journal of Islamic Financial Services, 1(3), p. 1. 15  Lin, Chung, Lee, p. 4. 16 Korkut Erturk Gokcer Ozgur, 2009. What is Minsky all about, anyway? Real World Economics Review, 50, p. 6. 17 Marie-Helene Broihanne, n.d., Funds tournaments and equity portfolio managers risk-taking, [pdf], p. 4. 18 Benson, Hall, Lim, p. 4. 19 Rob Jans Roger Otten, 2008, Tournaments in the UK mutual fund industry, Managerial Finance, 34(11), p. 786. 20 Terrence Hallahan, Vikash Rahim, Imad Miisa, Amel Yacoub, Ben O’Neill, Milica Backulja, 2009, Tournament behavior in Malaysian managed funds: A non-parametric analysis. Working Paper, 005, p. 15. 21 Terrence Hallahan, Vikash Rahim, Amalia Di Iorio, n.p., Risk shifting in Malaysian managed funds – panel data analysis of conventional and Islamic funds. School of Economics, Financ e and Marketing. [pdf], p. 8 22 Hallahan, Rahim, Iorio, p. 8. 23 Hallahan, Rahim, Iorio, p. 8. 24 Hallahan, Rahim, Iorio, p. 9. 25 Hallahan, Rahim, Iorio, p. 10.

Words For Transportation in Spanish

Words For Transportation in Spanish If youre visiting an area where Spanish is spoken, youll need a means of transportation. Here are some of the most common ones, along with a sample sentence for each. Common Spanish Words For Transportation Airplane: el avià ³n. (An airport is un aeropuerto.) Los bebà ©s pueden viajar en avià ³n desde los primeros dà ­as de vida. Babies can travel by plane from the first days of life. Bicycle: la bicicleta, la bici. Cuando la gasolina subià ³ a cuatro dà ³lares, comprà © mi bicicleta para ir al trabajo. When gasoline rose to four dollars, I bought my bicycle for going to work. Boat: el barco, la bota, la barca, el ferry, la lancha, la chalupa, la canoa, la piragua, el kayak. (Names vary with type of boat and sometimes region.) Usted puede viajar en barco de una isla a otra sin problemas. You can travel by boat from one island to the other without problems. Bus: el bus, el autobà ºs, el à ³mnibus, el camià ³n, la camioneta, la chiva, el pullman. (Names vary with region and type of bus, and there are also other names not listed here.) El bus de Barcelona es probablemente el ms conveniente. The Barcelona bus is probably the most convenient. Car: el coche, el carro, el automà ³vil, el auto. Los nià ±os viajarn con ms seguridad en el coche si usan las sillas homologadas. Children will travel more safely in the car if they use approved car seats. Foot: el pie. El hotel se encuentra a 7 minutos a pie de la estacià ³n de ferrocarril. The hotel is located seven minutes by foot from the train station. Helicopter: el helicà ³ptero. El helicà ³ptero es una aeronave propulsada por uno o ms rotores horizontales. The helicopter is an aircraft propelled by one or more horizontal rotors. Horse: el caballo. Hay dos paseos a caballo al dà ­a, uno en la maà ±ana y uno en la tarde. There are two horseback rides a day, one in the morning and one in the afternoon. Motorcycle: la motocicleta, la moto. Diarios de motocicleta es una pelà ­cula biogrfica basada en los diarios de viaje de Che Guevara y Alberto Granado. The Motorcycle Diaries is a biographical movie based on the trip diaries of Che Guevara and Alberto Granado. Subway: el metro, el subterrneo. El subterrneo de la Ciudad de Mà ©xico es uno de los ms modernos del mundo.  Mexico Citys subway is one of the most modern in the world. Taxi: taxi. Ofrecemos servicio de taxi seguro, rpido y confiable. We offer safe, fast and reliable taxi service. Train: el tren. (A high-speed train is often a tren de alta velocidad. An express train is known as a tren expreso, tren express or tren rpido. A sleeping car is usually known as a dormitorio. A railway is un ferrocarril.) Suiza es el paà ­s de los trenes de montaà ±a. Switzerland is the country of mountain trains. Truck: el camià ³n. (Other names are also used; a pickup truck is often known as una camioneta, un pickup or una pickup.) Busco trabajo de chofer de larga distancia en camiones. Im looking for work as a long-distance truck driver. Van: la furgoneta, la camioneta, la vagoneta, la buseta, el furgà ³n, el van. (Names vary with region and type of van.) La furgoneta Volkswagen fue popularizada por los hippies en Norteamà ©rica. The Volkswagen van was popularized by American hippies.

Centralizing Ciscos IT Planning Case Study Example | Topics and Well Written Essays - 750 words

Centralizing Ciscos IT Planning - Case Study Example Boston thought of fixing already operational data and infrastructure in order to assist the organization waste time and money on new applications. Additionally, achieving a cross-functional IT environment could be impossible to achieve in case teams would be allowed to continue using customized software and tools. The second action by Boston involved prioritizing organizational IT platform projects. A list of â€Å"Inhibitors† was used by each function to assist in selecting vital strategic initiatives. it is noteworthy that this action of Boston guided Cisco identify three vital enterprise projects which include upgrading the Oracle ERP system, establishing an enterprise reporting and business intelligence solution, and developing a â€Å"single source of truth† customer database (â€Å"e-customer†) (Mcafee, Mcfarlan & Wagonfeld 5). The second action of Boston was vital for organization performance in the sense that it reduced minimizing time wasting and confusion associated with the sources of customer data. Boston realized that there were many irrelevant data in the organization that needed to be cleared up (Kharif). Boston’s third initiative focused on developing a new funding process for all the organization’s IT projects. Before Boston took a leadership role in Cisco each function in the organization used to control, their own IT decisions including funding and this system had been an operation for close to a decade. However, Boston thought of centralizing funding system for the IT projects as a bold move towards linking multiple functions together. BPOC was instituted in 2002 as a high-level advisory committee to the organization in respect to matters of enterprise-wide productivity and prioritized organizational issues. Member of the BPOC was drawn from senior executives representing major organization functions.  

Written Assignment Questions about Orgamisation Management Essay

Written Assignment Questions about Orgamisation Management - Essay Example He implies that there should not only be one beneficiary of an organization saying that both the employer and the employee must gain a certain level of benefits that would be commensurate to the effort that both employee and employer has put in. His main objective was to increase productivity of the workers. He noticed that workers had their own way of doing their work even without any specific instructions on how it should be done. This discovery led to the conclusion that if the employees are left to their devises it made them lose efficiency and that they were not maximizing their abilities. He then introduced a solution of having supervisors to teach and help the workers do their work the right way. He further analyzed the actions and responsibilities that are essential in any job within the organization and developed processes for the jobs could be done in the most efficient ways possible. With the improved processes, the job requirements were coupled with the training of the workers and the support of the supervisors. They come in the type of right direction, assistance and incentives. With this, he included four principles guiding actions. First of the four principles is develop for every job a â€Å"science† that includes rules of motion, standardized work implements and proper working conditions. The second principle is to select worker with the right abilities for the job. The third is to carefully train workers to do the job and give them the proper incentives in cooperate with the job â€Å"science†. And the last principle is to support workers by carefully planning their work and by smoothing the way as they go about their jobs (Schermerhorn, 2007). The first principle says that any job should have guidelines of how to do implement the job. An example of this is in a fast food establishment, each of their burgers have a different way of cooking but a method was introduced to

Random error Essay Example for Free

Random error Essay The fixed resistance that gives me the greatest range of results is 1000 ?. Interestingly this happens to be the same resistance as the resistance of the thermistor at 25 i C Response time The response time of my sensor depends upon how quickly the thermistor reacts to a change in the temperature of the surrounding environment. The response time of my sensor does not need to be particularly fast under or around ten seconds would be sufficient. This is mainly because the plants in the greenhouse will not be affected be a short period of time at a slightly cooler temperature than the optimum growing temperature of 25 i C. The thermistor that I am using will be able to detect the temperature in one second or less, a period of time that will not affect the plants. Random error There is a chance that a random error could occur in my sensor. This however is a small chance, mainly due to the fact that the sensor will be working permanently, rather than taking results every hour for example. Systematic errors There is a possibility that a systematic error could occur in my sensor, these are mainly down to instances such as zero errors, and usually all of the results are affected. In my sensor, temperature could change the resistance of the fixed resistor in the potential divider. I do not think this should be a problem in my sensor though because the sensor will not become hot enough for this to be a factor. Now that I have taken these things into consideration I am going to perform an experiment to find out what the output potential difference will give at certain temperatures. I will place the thermistor inside a small coin bag, so that I can put the thermistor into a beaker of water. Due to water having a high specific heat capacity, it cools down quite slowly. As a result of this, I will put my thermistor in the bag into a beaker of water. I will read the potential difference across the thermistor at different temperatures of water, starting at 50i C letting the water cool and taking readings every 5i C. When the water temperature reaches about room temperature, I will put some ice cubes into the beaker of water to lower the temperature of the water further. The potential difference output from the lab pack transformer will be 10v.

Admissions Essay: Why Ob/Gyn? -- Medicine College Admissions Essays

Admissions Essay: Why Ob/Gyn? Â   I'm having trouble coming up with that concise, compelling anecdote about the patient who inspired me to go into Obstetrics and Gynecology, because so many people have helped me realize that this is where I belong. Â   There are the women whose babies I've delivered, whom I've gotten to know at a clinic visit or during the early contractions of active labor, and then coached through the calm between pushes in the last few minutes before delivery. There are the teenagers at their first Gyn exam, nervously kicking the end of the table as we talk about safer sex, the benefits of the pill and just what a speculum actually is. And there are the patients who are very, very sick - the 44-year-old with metastatic ovarian cancer, whose family was ... ...ood prenatal care. Â   Ultimately, I hope to join the faculty of an academic medical center, where I can combine patient care with my love of teaching, and where I can continue to explore how interactive technologies can inform and empower patients. Most of all, however, I look forward to taking care of my patients, drawing on the remarkable depth and breadth of Obstetrics and Gynecology.

All the Pretty Horses Essay

The book All the Pretty Horses is a western drama about teenage cowboys as they transition from adolescence into manhood. The author, Cormac McCarthy, structures the book using echo words and parallel structure that links dialogue exchanges and makes the scenes flow smoothly. McCarthy is a master of this sort of repetition and uses this structure throughout the entire book. There are many examples of this used throughout the book, but the author primarily focuses on the interpersonal relationships, diversity, and change. There are many different types of relationships based on a very vast scale. John Grady Cole has many complicated and some not-so-complicated relationships with his friends and family members. In book 1, McCarthy informs the audience that John Grady’s parents are divorced and in book 4, John Grady’s wife, Alejandra, leaves him. When John Grady flees Texas in book 1, he has the expectations that any sixteen year old cowboy might have. It is ironic that he ends up experiencing events and overcoming obstacles he never thought would occur, including falling in love and then getting his heart broken by his wife. John Grady Cole’s relationships with the leading women in the novel are also peculiar in the way that the women discipline him. In book 1 it was his mother and the servants in the house, and in book 4 Duena Alfonsa definitely gets her way with him. Alfonsa warns John Grady when he is about to cross the line with Alejandra, and then later in the book when she bails him out of jail. In a way, John Grady has to rely on the women which is comforting since he is on a journey of growing up, yet he still falls back on others to guide him. Another parallel relationship occurs in book 1 when John Grady meets with his father who tells him to forgive his mother. In book 4, John Grady seeks the judge for advice and to confess a crime he committed; the judge tells him he should forgive himself. John Grady has a good heart, tries to do the right thing, and reassures himself by going to others for advice. John Grady’s choice in his friendships and choices effect who he has strong relationships with throughout the book and he maintains his strategy through both book 1 and book 4. Another key parallel theme in the book revolves around diversity between John Grady’s homeland-the United States- and his new home in Mexico. On page 25 of book 1 it says, â€Å"The last thing his father said was that the country would never be the same† which relates to book 4 in many ways. One relation occurs on page 299 which states, â€Å"I don’t know, said John Grady†¦I don’t know what happens to a county. In this scene he is reflecting on how things have changed and how there are many differences between events on his homeland in Texas and the events that occur in Mexico. A more direct relation is in book 1 when the boys (John Grady, Rawlins, and Blevins) cross the Rio Grande naked and then in book 4 when John Grady crosses Rio Grande naked-heading back to Texas. The sense of home and the countries boarder really affects John Grady and how he makes decisions based on where he is. The last key theme in the book concerns how John Grady changes during the course of the novel. In book 1 John Grady is ignorant to reality and is just looking for an adventure. On page 5 of book 1 it states, â€Å"He stood like a man come to the end of something. † This quote is ironic because it saying that John Grady is posing as a man at the end of something which is silly since it’s just the beginning of the story. The parallel event that corresponds to this occurs on page 254 of book 4 which states, he â€Å"saw clearly how his life led to this moment. This simple phrase shows that John Grady really observed and reflected on how he accomplished the transition into manhood, and by doing this, changed emotionally and spiritually into a more well-rounded human being. McCarthy really is an outstanding author by being able to use parallel events and echoed sentences between book 1 and book 4. He really accomplished his themes and getting his audience to understand the importance of parallel events that have to do with relationships, diversity, and change.

Race and Ethnicity Essay

Throughout the course of this twisted Monopoly, many themes and stereotypes arose to become apparent. However the two main themes that I observed were gender biases and stereotypes involving race and inequality. These two themes became apparent through the traits and personality the players began demonstrating as the game went on. It was obvious that the blue male (which would represent a white male in real life) became greedy and aggressive as he was set up to be successful and of course was. You then see how player three and five become unsuccessful because of how the game is set up. This represents the stereotype of a woman who is considered an inferior. As the game went on these players were very cautious of every decision they made because it was made obvious that each one was indeed very critical to any success they strived to achieve. By the end of the game it was extremely apparent to everyone that certain opportunities were given to certain people in the game. This basically made it impossible for them to lose this game. This theme however then transfers to reality in that the stereo typical white male will usually be given a much better opportunity then say an African American female. The two articles that I chose reflects the two themes of race and gender stereo types and how they correspond with success or opportunities. In the first article, Workplace Gender Bias: Not Just between Strangers, they discuss how there is â€Å"substantial inequalities between genders in the modern workplace and the evidence for stereotyping, prejudice, and discrimination. † They then also discuss how this concept can then be applied to race or age minorities as well. The article also explains the significant difference in that studies show that there are gender differences in career choices, salary, harassment, etc. This directly relates to our theme in our game in that the money and income the blue male (which represented a white male) was much greater than that of the red female (who could represent a female minority). In addition, the article explains how many women â€Å"face significant challenges in career advancement,† and â€Å"Women are more likely to self-select into less prestigious and lower paying careers compared to men (Konrad, 2003). † There were many similarities between this article and our monopoly game in that stereo types and feminization of women occur and are apparent in real life just like our game. It is similar in that just like how the article describes and how it is true in society, women are treated as inferior in our game. Because in society women are stereotyped and made the inferior. Like in the game, in real life a women of a minority will struggle so much more to become successful making every decision critical because of the way they are viewed in society. It is also relative in that this is to be true not only for just women, but for race and other minorities of society as well. In society and in the game, these people are not given as good of opportunities as the superior and it is much more difficult to succeed. There is a direct correlation between what is described in the article and what happened in the game. In conclusion, this article relates to one of the themes of our game in that there is gender inequality in reality and the male is more likely to succeed with a higher income and greater opportunity. Within the second article, Racial Mismatch in the Classroom: Beyond Black-White Differences, demonstrates our theme of race inequality. The main point the article is trying to show is that research shows that when the teacher is of the same race or ethnicity of the student, they receive more positive and helpful instruction than if the student is of a different race or ethnicity of the teacher. The research and analysis was mostly based on black and white subjects however. This article not only can relate to just race, but also class, gender, background, IQ, and other factors like we would see in our game. The second article directly corresponds with our game and our other theme in that people of different race are given different opportunity to succeed in life quite often and are stereotyped as well. We see that a white student with a white teacher would be getting a 1 / 2.better education which then sets them up in that they are more likely to succeed in life than the black student. In our game we see that the player who represents our white male is set up to succeed, while our player who represents a minority is set up to fail. This is similar to our game because certain people would work well together and bargain, while some people were just cast aside or not even given the opportunity to bargain because of the unfortunate circumstances they were under. Both of these articles relate to our game in that they represent the opportunities and stereo types of  not only race and class, but gender as well. These stereotypes are also apparent and can be true in reality also. So we see that the changes made in our monopoly game, and the articles found, directly relate to real life and how society works. Although it may be harsh, it is true and can be proven by not many studies and articles, but our twisted monopoly game as well that certain people (like the white male) are going to succeed much more often than someone like a black female. There are these stereotypes because in reality a majority of people fit into them. They fit into them not in the way people normally believe they do, but because society and the superior have created them. That then changes the opportunities in life and the circumstances in which they are under. Works Cited Nadler, J. T. , & Stockdale, M. S. (2012). Workplace Gender Bias: Not Just Between Strangers. North American Journal Of Psychology, 14(2), 281-291. McGrady, P. B. , & Reynolds, J. R. (2013). Racial Mismatch in the Classroom: Beyond Black- white Differences. Sociology Of Education, 86(1), 3-17. doi:10. 1177/0038040712444857 POWERED BY TCPDF (WWW. TCPDF. ORG).

Symptoms of Thoracic Outlet Syndrome

Symptoms of Thoracic Outlet Syndrome The symptoms of thoracic outlet syndrome can vary depending on which type of thoracic outlet syndrome you have. And since it is a group of disorders not all symptoms may be present or even constant. Neurogenic Thoracic Outlet Syndrome The most common type of thoracic outlet syndrome is Neurogenic Thoracic Outlet Syndrome where the brachial plexus is compressed. By some estimates, 95% of all thoracic outlet syndromes are neurological in nature. Compression of these nerves results in symptoms such as: Pain in your neck and shouldersAn ache throughout your armAn ache in your handNumbness, partial loss of sensation or tingling in your fingersA weakening in your grip strengthGilliatt-Sumner hand, which is when muscles of the hand, particularly around the base of the thumb, atrophy or waste away Many of the symptoms of the neurogenic thoracic outlet syndrome are similar to other nerve-related repetitive stress injuries where swelling or inflammation presses on the nerve. This can send shooting pains or radiate aching throughout the affected area. Compression of a nerve can also restrict the signals flowing along the nerve resulting in a loss of sensation or tingling. Since the nerves control the actions of the muscles if the signals are lost or otherwise affected the muscles cannot operate efficiently and you experience weakness. With a prolonged loss of nerve supply, the muscles will atrophy and waste away to be reabsorbed by the body. Vascular Thoracic Outlet Syndrome In Vascular Thoracic Outlet Syndrome where either the subclavian artery or the subclavian vein are compressed symptoms are consistent with reduced blood flow such as: Pain and possible swelling of the armA loss of color at your extremities (hand and/or fingers)A weak pulse in your armA bluish discoloration of your extremities (hand and/or fingers)Infarcts, or tiny spots (usually black) on your extremities (hand and/or fingers)A throbbing lump near your collarboneA blood clot under your collarbone (known as a subclavian thrombosis) The symptoms of vascular thoracic outlet syndrome are typical complications resulting from reduced blood flow. Low blood supply can show up as pallor or loss of color as well as a weak pulse. This is most likely associated with compression of the subclavian artery on the supply side of things. That compression may also result in a throbbing lump near your color bone a result of an area of higher blood pressure as the nominal blood supply is forced through a smaller opening. Restriction of the subclavian vein on the return side can lead to a buildup of oxygen-depleted blood resulting in a bluish discoloration. It can also show itself in the form of pain and swelling as the blood pressure increases from a normal supply and a reduced ability to return it to the heart causing a backup of blood in the arm. Reduced blood flow from either the supply or the return side can increase the chance of a thrombosis or blood clot as well as infarcts. A loss of blood supply may also contribute to muscle atrophy in some cases but the reduction in vascular thoracic outlet syndrome is not normally considered great enough to cause atrophy without causing other major concerns first. Non-Specific Thoracic Outlet Syndrome Non-specific Thoracic Outlet Syndrome is so named because the cause is not clearly identifiable. In these cases, the symptoms of thoracic outlet syndrome may be a combination of both neurogenic and vascular disorders or simply a pain or ache throughout the arms and shoulders or around the upper chest and collarbone.

Fun Things to Do During College Summers

Fun Things to Do During College Summers Your time in college during the academic year, that is is, of course, filled with stressors like classes, papers, lab reports, and exams. It is also happily filled with the fun stuff, like friends, parties, going out, and a seemingly endless schedule of upcoming events and activities. During the summer, however, the social scene in your life can drastically decrease, especially if youre no longer on campus and spend your days at a job or internship. Whats a college student to do? Get Some Culture Go to a museum.  Go see some art, plants, science, history, or anything else you find interesting. And make sure to use your student ID for a discount.Go to a film festival.  Film festivals can be a great way to see new, independent films that you might not otherwise see, and summer is a great time to find a festival that focuses on the kinds of films you like.Go to a concert.  Who doesnt like a late-night, all-out, super-fun, big-name concert?Go to a music festival.  The weathers nice, the musics great, and the people are fun and interesting. Take advantage of summer music festivals while you can.Go to a play.  It doesnt have to be Shakespeare but it should be fun. Whens the last night you went to the theater not for a class anyway? Get Creative Learn an instrument.  You may have always had a desire to play the piano, learn the flute, or even play the drums. Why not learn now when you have the time and freedom to really put your heart into it?Take an art class.  Learning to make pottery or how to paint, for example, can be a great way to learn how to release your creative side.Try your hand at creative writing.  You can try to write poems, a short story, or even music. You never know what you might come up with when you have the time and freedom to really let your mind explore!Take a photography class.  Honing your photo-taking skills can be a great way to have fun, meet people, get some skills, and see new parts of your town. Get Lost in a Good Story Read a new release book.  It can be science fiction, general fiction, trashy romance, murder mystery, historical fiction but it doesnt matter. Grab the latest release and let your brain take a break.Read a classic.  Always hearing about a classic book one of your friends or family members loves? Been curious about a novel you never read in high school? Summer is the perfect chance to finally sit down and read it.Buy a magazine you dont usually read.  It can be intellectual, like The Economist, or ridiculous and fun, like People. But whens the last time you just let yourself sit, veg out, and read a magazine?Get an audiobook.  Fair enough: you may read enough during the year to not want your nose in another book over the summer. Consider buying (or getting from the library)  an audiobook that you can listen to while working out or driving around. Get Physical Try a new form of exercise.  Been curious about yoga, pilates, spinning, or something else? The summer is a great time to explore something new and see if its a fit.Join a community sports team.  Most places have community sports teams that play in the summer; they can range from competitive baseball to completely silly kickball leagues. See whats in your area and what you can join for the few months youre free.Take a class at the gym.  Summer can be a great time to get in shape. Your local gym probably has classes you can join that will help you exercise your body and relax your brain.Go golfing.  Never been? Golfing can be a great workout, a fun way to spend the day outside, and an important skill to learn if youre interested in going into the business field.Take a dance class.  Feel awkward when you go out clubbing with friends? A dance class can help, even if its something funky like swing or salsa.Go for a bike ride.  People seem to ride bikes less and less the olde r they get. But bike rides can be a fun way to get out and  get some exercise. Do something that challenges your fears.  Terrified of skydiving? Bungee jumping? And yet,  do you secretly also want to try them? Grab a friend and conquer your fears. Get Social and Give Back Volunteer. Think of the last time you volunteered. Didnt you feel great afterward? No matter where you leave, there are undoubtedly places that could use your time, energy, and smarts.Join a community group. Treat yourself to something fun that also gets you out into the community, like a running or hiking club.Organize an event at your church, temple, mosque, etc.  If youre a little bored this summer, chances are others are, too. Organize something fun with people you have something in common with. Get Entertained Try a new video game. Seriously, its summer. What better time is there to grab a new game and play it without worrying about that paper youd have to write if it were the school year?Watch a movie marathon. You can rent a ton of your faves or just watch a themed marathon on a TV network.Spend a weekend seeing all the new releases. Grab a friend and see if you can see all the new releases in one weekend. With food in the theater, theres no reason why you can just spend all day there, seeing movie after movie!Try a new idea: breakfast and a movie. Just wake up? Call a friend and meet at a local place that serves 24/7 breakfasts ASAP. Then amble over to the theater and enjoy whatever movie is next playing. Added bonus: breakfast is cheaper than dinner, and matinees are cheaper than the later shows.Head to an amusement park.  Its a summer classic and can easily turn into one of the highlights of your summer. See the World Or Explore Your Own Backyard Take a bus or a train somewhere new. Flying can be so cheap these days that folks sometimes forget about the bus or train. But sometimes the journey is half the fun, and youll see new parts of the country youd never see from the air.Take a quick flight somewhere new. Since flights, especially last-minute deals, can be so cheap, why not hop a flight this weekend and see a friend?Act like a tourist in your own town.  If you were in your town on vacation, what would you do? You might surprise yourself by finding new things to do and see.Go camping.  Camping during the school year can be a challenge, both because of your workload and because of the weather. Utilize all that summer has to offer for the great outdoors. Get Cookin Try a new kind of food or restaurant. Heard people talk about how delicious Peruvian food is, for example? Or have you always been secretly afraid to try sushi? Challenge yourself to try something new (to you).Experiment in the kitchen/learn to cook. During school, you probably dont have much time to learn how to cook; you just need food, fast. Use some of your summer free time to learn how to cook.Take a knife class.  Learning how to properly use a knife in the kitchen is both handy and impressive and yet very few people do it correctly. Taking a knife class at a local cooking school will be entertaining and super helpful as you learn to cook for yourself more and more.Take a bartending class.  Its fun, its handy, its a great way to meet people with similar interests. Whats not to like?Host your own Iron Chef competition.  Gather several friends and divide them into groups. Then, at a certain time in the morning, e-mail out the secret ingredient. Everyone has to report back t o, say, your house at 5:00. People will have fun and youll have dinner on top of it. Pamper Yourself Get a massage at a massage school.  Youre a student; you know how important it is to learn by doing. Find a local massage school and help another student learn his or her trade. Added bonus: massage-school massages are usually way cheaper than the regular ones and just as good.Get a funky haircut.  You may not even get a haircut while youre away at school. Why not use summer as a time to get a little funky with color or style? Take Full Advantage of the Summer Season Go to a major sports game.  Baseball, basketball, soccer it doesnt matter. Grab some friends and head to the stadium.Go to a minor sports game.  Things like  minor league baseball games can be incredibly fun and much cheaper than the big leagues. See whos around your town and when you can watch em play.Grab some kites, friends, burgers, beers, and a picnic table.  With that combo, how can you go wrong?Go to a water park.  Summer is prime time for water park fun as long as you remember the suntan lotion.Make your own fun water park day.  You dont have to have a water park near you to enjoy yourself. Grab some water balloons, a Slip n Slide, a kiddie pool (that can be used for lounging or even, when filled with ice, for storing drinks), some friends, and a hose. Set Yourself Up For Success Get a head start on your fall classes.  Alright, this one may sound lame, but it can do wonders for your mental health to look over your syllabi and perhaps get a head start on the reading especially for a class you might be geeked out about.Set up systems for success for the new year.  Okay, this also sounds lame, but think about it: Did you struggle with time management? Being  organized? Spending a little time now, while you have it, may save you a lot of time and frustration once school starts.Take an online class.  You wont have to commute, you can save some cash, and you might even get ahead on the credits youll need to graduate.Build a personal website.  If youre going to be graduating next year, a personal website can be a great way to advertise yourself to future employers and show them all your mad skills. Make sure to keep it clean and professional.Go through your old stuff and donate what you dont use or need.  Do you have things for 2 lives: your college lif e and your pre-college life? Someone somewhere will probably be grateful for all of those sweatshirts and t-shirts youre no longer using. Clean up your e-life.  Super fun? Probably not. Will you feel better afterward? Most definitely. Dump your old Facebook friends, clean up your  laptop desktop, and delete old pictures you dont want or would hate to get in the wrong hands from your camera or phone. A clean e-slate is a great way to start your new year.

How Organizational Change Affected DOD Employees Research Paper

How Organizational Change Affected DOD Employees - Research Paper Example   The management of change is extremely important in the development of an understanding between employers and employees because it focuses on the people within the said organization and how they resist changes that are imposed on them (Rusaw, 2005, p.482). It also comes to look at how, afterward, these employees come to accept these changes as being part of their work environment. It has been found that the administration of the Department of Defence tend to aim at creating an environment which is highly receptive of change because they have come to realize that the acceptance of change is the key which determines whether the changes that they implement become either successes or failures. The strategy which is used by the Defence Department when making changes to the organisation has come to be found to be what makes the difference on how well these changes are received by its employees, and as such, it is what determines the level of success that newly implemented management str ategies have not only on the employees but also on the department itself (Durant, 2008, p.282). It has been found that the best means that the Defence Department implements changes among its employees has been its recognition of the fact that it is a normal human behavior to resist change. One of the most pertinent issues that it has come to address when implementing changes has been the recognition that its employees will not automatically accept any of the new changes that it attempts to implement.   

Electronic Commerce (Frank Sissons LTD) Essay Example | Topics and Well Written Essays - 4000 words

Electronic Commerce (Frank Sissons LTD) - Essay Example At Franke-Sissons Ltd, the company has fully integrated internet technologies as a business strategy by adding the latest ICT architecture to develop a full-fledged website that has an online E-commerce facility enabling online transactions and marketing facilities. The Franke-Sissons Ltd website has also started an online order tracking system that enables clients keep abreast of the movement of their purchases (Franke Sissons, 2009). Franke Sissons Ltd is a UK based European stainless steel sanitary and catering equipment manufacturer. It was started in Sheffield, UK in 1784 as the W & G Sissons Ltd dealing exclusively in sanitary equipment [see Appendix Figure:7]; it merged with Swiss Franke WSS family group in 2002 to becoming Franke Sissons Ltd (2007) adding catering ware to its catalogue [see Appendix Figure:8]. The company employs over 100 staff with most of them engaged within the production division the firm specialising in complimentary sanitary and catering products that are retailed internationally (Franke Sissons, 2009). The term E-commerce has been simply defined as ‘doing business electronically’ (Timmers, 1998). Andam (2005) however defines electronic commerce as ‘The transformation of an organization’s processes to deliver additional customer value through the application of technologies, philosophies and computing paradigm of the new economy’ (Pg. 7). Andam (2005, Pg.5) argues that electronic commerce has levelled the playing field in marketing for goods and services whereby with skilful careful approach, small and medium scale enterprises are able to compete efficiently with the larger more established enterprises. According to a Forrester Research estimate, global e-commerce trade for 2008 stood at $204 billion with a projected growth of up to $335 billion by 2012 [see Appendix Figure: 6]. Within