Index by Title : P

  • Pandora’s Risk: Uncertainty at the Core of Finance
    Author(s): Osband, Kent
    Keyword(s): Banking; Economics; cbsp; Business
    Abstract:

    Author of the acclaimed work Iceberg Risk: An Adventure in Portfolio Theory, Kent Osband argues that uncertainty is central rather than marginal to finance. Markets don't trade mainly on changes in risk. They trade on changes in beliefs about risk. In the process, markets unite, stretch, and occasionally defy beliefs.

    Recognizing this would make a world of difference in investing. Belittling uncertainty has driven a rift between financial theory and practice and within finance theory itself. It has misguided regulation. It has stoked the greatest financial imbalances in world history.

    Hoping to spark a revolution in the mindset of the investment professional, Osband recasts the market as a learning machine rather than a knowledge machine. The market continually errs, corrects itself, and makes new errors. Respecting that process without idolizing it will lead to wiser investment, trading, and regulation. With uncertainty embedded at its core, Osband's rational approach points to a finance theory worthy of twenty-first-century investing.

  • Parental Monitoring of Adolescents: Current Perspectives for Researchers and Practitioners
    Author(s): Guilamo-Ramos, Vincent; Jaccard, James; Dittus, Patricia, eds.
    Abstract:

    The close supervision of adolescents dramatically reduces the incidence of risky sexual behavior, drug and alcohol use, and other activities that could negatively affect one's health and well-being. Because of the strong correlation between parental monitoring and a child's welfare, social workers, psychologists, child development specialists, and other professionals who work with children now incorporate monitoring into their programs and practice.

    A definitive resource providing the best research and techniques for productive supervision within the home, this volume defines and develops the conceptual, methodological, and practical areas of parental monitoring and monitoring research, locating the right balance of closeness and supervision while also remaining sensitive to ethnic and socioeconomic backgrounds. Assembled by leading experts on childrearing and healthy parent-child communication, Parental Monitoring of Adolescents identifies the conditions that best facilitate parental knowledge, ideal interventions for high-risk youth, and the factors that either help or hinder the monitoring of an adolescent's world. The volume also sets a course for future research, establishing a new framework that evaluates the nature and approach of monitoring within the parent-adolescent relationship and the particular social realities of everyday life.

  • Passion for Reality: The Extraordinary Life of the Investing Pioneer Paul Cabot
    Author(s): Yogg, Michael R.
    Abstract:

    Paul Cabot (1898–1994) was an innovative mutual fund manager and executive known for his strong character, charismatic personality, and trendsetting financial achievements. Iconoclastic and rebellious, Cabot broke free from the Boston Brahmin trustee mold to pursue new ways of investing and serving investment clients.

    Cabot founded one of the first mutual funds—State Street Investment Corporation—in the early 1920s, campaigned against the corrupt practices of certain other funds in the late 1920s, and lobbied on behalf of key New Deal securities legislation in the 1930s. As Harvard University treasurer, he increased the allocation of the endowment to equities just in time for the bull market of the 1950s, and as a corporate director in the 1960s he campaigned against conglomerates’ abusive takeover strategies.

    Having spent nearly two decades working for Cabot’s company, State Street Research & Management, as an analyst, research director, portfolio manager, and chief investment officer, Michael R. Yogg is well positioned to share the secrets behind Cabot’s extraordinary success and relate the life of an extraordinary man. Cabot pioneered the use of fundamental stock analysis and was likely the first to take up the progressive practice of interviewing company managements. His accomplishments all stemmed from his passion for facts, finance, and creative thinking, as well as his unbreakable will, facets Yogg illuminates through privileged access to Cabot’s papers and a wealth of interviews.

  • Privatization: Successes and Failures
    Author(s): Roland, Gérard, ed.
    Keyword(s): IPD; Economics; International Affairs; Government
    Abstract:

    The privatization of large state-owned enterprises is one of the most radical policy developments of the last quarter century. Right-wing governments have privatized in an effort to decrease the size of government, while left-wing governments have privatized either to compensate for the failures of state-owned firms or to generate revenues. In this way, privatization has spread from Europe to Latin America, from Asia to Africa, reaching its zenith with Central and Eastern Europe's transition from socialism to capitalism.

    In many countries state ownership has been an important tool in bringing cheap water, energy, and transport to poorer segments of the population. In other instances, it has sponsored aggressive cutbacks, corruption, and cronyism. Privatization: Successes and Failures evaluates the practices and results of privatization in Eastern Europe, Africa, Latin America, and Asia. Featuring the world's leading economists and experts on privatization, this volume offers a broad and balanced analysis of specific privatization projects and uncovers some surprising trends. Partial privatization, for example, tends to be more widespread than one might think, and the effects of privatization on efficiency are generally mixed but rarely negative. Also, while privatization appears uncontroversial in competitive sectors, it becomes increasingly complex in more monopolistic sectors where good regulation is crucial. Privatization concludes with alternative frameworks for countries in Africa and other regions that seek to develop privatization policy and programs.

  • Psychosocial Capacity Building in Response to Disasters
    Author(s): Miller, Joshua
    Keyword(s): Joshua Miller, Psychosocial Capacity Buidling, Disaster Response, Social Work, Disaster Responders, Trauma
    Abstract:

    Disaster responders treat more than just the immediate emotional and psychological trauma of victims: they empower individuals and families to heal themselves long into a disaster’s aftermath. This requires helping survivors to rebuild their ability to meet their emotional and psychological needs, not only for themselves but also for others, which necessitates a careful consideration of survivors’ social, economic, and political realities as their communities heal and recover.
     

    This comprehensive book integrates Western mental health approaches and international models of psychosocial capacity building within a social ecology framework, providing practitioners and volunteers with a blueprint for individual, family, group, and community interventions. Joshua L. Miller focuses on a range of disasters at local, regional, national, and international levels. Global case studies explore the social, psychological, economic, political, and cultural issues affecting various reactions to disaster and illustrate the importance of drawing on local cultural practices to promote empowerment and resiliency. Miller encourages developing people’s capacity to direct their own recovery, using a social ecology framework to conceptualize disasters and their consequences. He also considers sources of vulnerability and how to support individual, family, and community resiliency; adapt and implement traditional disaster mental health interventions in different contexts; use groups and activities to facilitate recovery as part of a larger strategy of psychosocial capacity building; and foster collective grieving and memorializing. Miller’s text examines the unique dynamics of intergroup conflict and the relationship between psychosocial healing, social justice, and peace and reconciliation. Each chapter ends with a mindfulness exercise, and a section reviews practitioner self-care.