Sharif Digital Repository

Hayek is one of the most impressive figures of Austrian School of Economics established by Carl Menger. The Thinkers of this school of thought believed that governments should not intervene in the market process. They argued that such interventions would spoil the market performance in resource allocation. Hayek believes that the order which emerges from the market is a spontaneous one; it means no one has designed it, but it has evolutionarily evolved by distinctive agents' actions who had no plan to make it. Hayek's arguments for spontaneous order are based on some epistemological presuppositions such as: "methodological individualism", "methodological subjectivism", "tacit knowledge" and... 

In finance literature there are different views of individual and institutional investors for variety of reasons. Despite having consensus on the difference of individual and institutional investors due to complexity and size, it seems there are much disagreement on how they affect the key process of market like return and liquidity. In this paper we consider the effect of individual and institutional trading on the short-term return of stocks. Specifically, first we define some factors to measure the trading activity of individual and institutional investors. Then we use these factors to sort each stock in the cross section to create decile portfolios and we compare the short-term return... 

For a Variety of reasons, financial economists tend to view individuals and institutions differently. In particular, while institutions are viewed as informed investors, individuals are believed to have psychological biases and are often thought of as the proverbial noise traders. One of the questions of interest to researchers in finance is how the behavior of different investor clienteles or their interaction in the market affects returns. In this paper we focus on the interaction between individual investors and stock returns in Iran capital market. Specifically, first we examine the extent to which intense net buying or selling by individuals in a stock is related to the stock’s past... 

One of the most important philosophical issues in biology that continues to receive attention is the issue of species. Since ancient times, the classification of living organisms and the definition of species as its foundation have been of great importance to thinkers and knowledge seekers. In this research, while addressing various perspectives, this subject is still being examined today. This research has been divided into two main sections. The first section includes the definition of the problem and various perspectives on it. The main perspective focuses on the influence of genetics in strengthening or weakening it, while the secondary perspective, although interesting, is seen as a... 

Daily activity patterns that include type and duration of activities are modeled simultaneously in MDCEV models. Conventionally, however, a diverse range of econometric models are used to sequentially model the decisions. Focusing on the disabled individuals, we aimed at comparing the prediction power of the two methods. A three level Nested Logit along with a Hazard model represent the sequential approach, the performance of which is compared to the MDCEV method. A random forest model is applied during the activity type prediction by MDCEV model. With considering 6.35 percent error in random forest model, the results confirmed that simultaneous approach improves activity type prediction by... 

We study the ability of individual and institutional investors in predicting the performance of active mutual funds in Iran. Our dataset contains monthly inflow and outflow of mutual funds and monthly TNA invested by individual and institutional investors. To evaluate investor performance, we construct portfolios based on inflow and outflow of funds and estimate their alpha using the Carhart (1997) four-factor model. We find evidence that the net flow to the funds predicts their returns. Smart money effect is mainly driven by funds with high normalized outflow and high normalized inflow. Further, we separately evaluate the performance of individual and institutional flows and find that both... 

In modern industries, multivariate multistage auto-correlated processes are widely used to ensure productivity and product quality. Interconnections between work stations bring a challenging task in detecting various shifts and identifying their root causes. In addition, simultaneous monitoring process mean and variability with single control chart methods has gained considerable attention throughout these years. In this article, a double-max multivariate exponentially weighted moving average (DM-MEWMA) chart is proposed based on two novel statistics to monitor the parameters of multivariate multistage auto-correlated processes jointly. Prior knowledge of variation propagation has been used... 

Social problems are growing rapidly while the resources including financial resources, available for third sector organizations are insufficient. Besides terms such as Social Innovation and Social Entreprenurship that concern effectiveness and efficiency of approaches trying to solve social problems, new forms of finance has been emerged in the fileld of Social Finance in order to increase the amount and diversity of fianacial resources available for social organizations in different stages of their lifecycle. Crowdfunding is a new form of finance that emerged due to 2008 economic crisis of America in order to increase the access of Entrepreneurs, Innovators and SMEs to financial resources.... 

The present study investigates the relationships between feedback-seeking dimensions (frequency, method, timing, and content) and two types of individual performance (goal achievement and behavior-related performance). In addition, the relationships between feedback-seeking motives and feedback-seeking dimensions are examined. The purpose is to identify new explanations for the inconclusive results of the direct relationship between feedback-seeking and performance in the literature. Moreover, this study investigates work motivations based on self-determination theory as the antecedents of feedback-seeking motives. This study contains one qualitative phase and two quantitative ones.... 

Dynamic increasing amplitude and period (DIAP) [1] is a time-domain analysis methodology developed based on endurance time (ET) analysis method [2], which can be used to evaluate the response of marine structures when encounters a continuous loading, such as storm conditions. In this method, instead of using separate records with different intensities, a single loading record with an increasing intensity over time is used for structural analysis. The ability to enter spectral concepts, considering the effects of waves with different frequencies and amplitudes, taking into account the effects of randomness of waves and the possibility of short duration analysis are some of the specific... 

Willingness to communicate (WTC) has recently received great attention in the area of second language learning. Thus, the concept of willingness to communicate and what would influence the students' willingness to communicate gain importance. The current study employed a hybrid design to probe Iranian students' willingness to communicate. First, self-report questionnaires were administered to 431 language learners to collect quantitative data. Then, interviews were conducted with 41 randomly selected learners who had already completed the questionnaires. Pearson correlation coefficient, one-way ANOVA, independent t-test through SPSS .16 and the Structural Equation Model (SEM) analyses... 

Objective: Joint analysis of multi-subject brain imaging datasets has wide applications in biomedical engineering.In these datasets, some sources belong to all subjects (joint), a subset of subjects (partially-joint), or a single subject (individual). In this thesis, this source model is referred to as joint/partiallyjoint/individual multiple datasets unidimensional (JpJI-MDU), and accordingly, a source extraction method is developed.Method: We present a deflation-based algorithm utilizing higher order cumulants to analyze the JpJI-MDU source model. The algorithm maximizes a cost function which leads to an eigenvalue problem solved with thin-SVD (singular value decomposition) factorization.... 

Nowadays, high reliability requirements for commercial and industrial loads, make it necessary to install microgrids for supplying the loads during power outages. Due to the fact that solar energy is clean, free of noise pullotion and also it benefits from the governmental obligations, it is a wealthy choice for supplying the load in microgrid. Designing and operation of the photovoltaic microgrid are the two important steps that should be considered. In this thesis, these two steps have been investigated by integrating a battery system into a solar PV plant and control of PV mictrorid in islanded mode. In the designing step, the optimum battery bank is calculated. For calculating the... 

We consider finding some efficient control schemes for multivariate variability monitoring with capability of working with individual observations. To do this, the existing efficient control charts for multivariate variability monitoring are studied first and it is determined that the and control statistics, defined by individual observations, estimate the covariance matrix quite well. However, the control method that is based on monitoring the trace of these matrices is not necessarily the best. Thus, by applying the first and the second norm on these two statistics, four new control schemes, namely MEWMSL1, MEWMVL1, MEWMVL1 and MEWMVL2are proposed. Performance comparison results show... 

Previous Research has extensively investigated ambidexterity in organizational and individual level and evaluated their prescedents and outcomes. These studies have led to an agreement on the positive relationship between ambidexterity in different levels and performance, in dynamic business environments. Unlike before, recent studies in the context of ambidexterity have been focused on the prescedents of ambidexterity in the individual level. However very few studies have empirically investigated the direct relationship between ambidexterity in different levels. In this research we have focused on the relationship between the top manager's ambidexterity and the organizational ambidexterity... 

Informational inequality between institutional and individual traders is one of the centric issues in financial markets. The preference of each of these groups to attain personal information may provide other traders important information. New traders could make a profit by addressing the preferable group and following its transactions. This study aims to determine the winner group at attaining more personal information, by breaking down the probability of informed trading (PIN), one of the most famous measures in informational risk to two main components: the probability of informed trading of individuals (DPIN) and the probability of informed trading of institutions (SPIN). Moreover, the...