This book presents the theory and evidence on the effect of market liquidity and liquidity risk on asset prices and on overall securities market performance. Illiquidity means incurring a high transaction cost, which includes a large price impact when trading and facing a long time to unload a large position. Liquidity risk is higher if a security becomes more illiquid when it needs to be traded in the future, which will raise trading cost. The book shows that higher illiquidity and greater liquidity risk reduce securities prices and raise the expected return that investors require as compensation. Aggregate market liquidity is linked to funding liquidity, which affects the provision of liquidity services. When these become constrained, there is a liquidity crisis which leads to downward price and liquidity spiral. Overall, the volume demonstrates the important role of liquidity in asset pricing.

Everyday Life in the Classic Maya World introduces readers to a range of people who lived during the Classic period (200–800 CE) of Maya civilization. Traci Ardren here reconstructs the individual experiences of Maya people across all social arenas and experiences, including less-studied populations, such as elders, children, and non-gender binary people. Putting people, rather than objects, at the heart of her narrative, she examines the daily activities of a small rural household of farmers and artists, hunting and bee-keeping rituals, and the bustling activities of the urban marketplace. Ardren bases her study on up-to-date and diverse sources and approaches, including archaeology, art history, epigraphy, and ethnography. Her volume reveals the stories of ancient Maya people and also shows the relevance of those stories today. Written in an engaging style, Everyday Life in the Classic Maya World offers readers at all levels a view into the amazing accomplishments of a culture that continues to fascinate.

The Renaissance was a highly mobile, turbulent era in Europe, when war, poverty, and persecution pushed many people onto the roads in search of a living or a safe place to settle. In the same period, the expansion of European states overseas opened up new avenues of long-distance migration, while also fuelling the global traffic in slaves. The accelerating movement of people stimulated commercial, political, religious, and artistic exchanges, while also prompting the establishment of new structures of control and surveillance. This Element illuminates the material and social mechanisms that enacted mobility in the Renaissance and thereby offers a new way to understand the period's dynamism, creativity, and conflict. Spurred by recent 'mobilities' studies, it highlights the experiences of a wide range of mobile populations, paying particular attention to the concrete, practical dimensions of moving around at this time, whether on a local or a global scale.

This book presents an attempt to develop a theory of knowledge and a philosophy of mind using ideas derived from the mathematical theory of communication developed by Claude Shannon. Information is seen as an objective commodity defined by the dependency relations between distinct events. Knowledge is then analyzed as information caused belief. Perception is the delivery of information in analog form (experience) for conceptual utilization by cognitive mechanisms. The final chapters attempt to develop a theory of meaning (or belief content) by viewing meaning as a certain kind of information-carrying role.

In this book, Tom Cochrane develops a new control theory of the emotions and related affective states. Grounded in the basic principle of negative feedback control, his original account outlines a new fundamental kind of mental content called 'valent representation'. Upon this foundation, Cochrane constructs new models for emotions, pains and pleasures, moods, expressive behaviours, evaluative reasoning, personality traits and long-term character commitments. These various states are presented as increasingly sophisticated layers of regulative control, which together underpin the architecture of the mind as a whole. Clearly structured and containing numerous diagrams and examples to illustrate the discussion, this study draws on the latest research from fields including philosophy, psychology and neuroscience, and will appeal to readers interested in the philosophy and cognitive science of emotion.

Factionalism is widely understood to be a distinguishing characteristic of Chinese politics. In this book, Jing Huang examines the role of factionalism in leadership relations and policy making. His detailed knowledge of intra-Party politics offers a new understanding of still-disputed struggles behind the high walls of leadership in Zhongnanhai. Critiqueing the predominant theories on leadership and decisionmaking, he explains that it is not power struggles that give rise to factionalism, but rather the existence of "factionalism that turns power into an overriding goal in CCP politics."

Factionalism is widely understood to be a distinguishing characteristic of Chinese politics. In this book, Jing Huang examines the role of factionalism in leadership relations and policy making. His detailed knowledge of intra-Party politics offers a new understanding of still-disputed struggles behind the high walls of leadership in Zhongnanhai. Critiqueing the predominant theories on leadership and decisionmaking, he explains that it is not power struggles that give rise to factionalism, but rather the existence of "factionalism that turns power into an overriding goal in CCP politics."

A History of Women's Writing in Russia offers a comprehensive account of the lives and works of Russia's women writers. Based on original and archival research, this volume forces a re-examination of many of the traditionally held assumptions about Russian literature and women's role in the tradition. In setting about the process of reintegrating women writers into the history of Russian literature, contributors have addressed the often surprising contexts within which women's writing has been produced. Chapters reveal a flourishing literary tradition where none was thought to exist. They redraw the map defining Russia's literary periods, they look at how Russia's women writers articulated their own experience, and they reassess their relationship to the dominant male tradition. The volume is supported by extensive reference features including a bibliography and guide to writers and their works.

Here is the most fundamental question in human life: How do we decide how we decide? We make such decisions all the time. If you trust your doctor, you might decide to follow a simple rule for medical decisions: Do whatever your doctor suggests. If you like someone a lot, and maybe love them, but are not sure whether you want to marry them, you might do this: Live with them first. Some of these strategies are wise. They prevent error. They improve your emotional well-being. Some of these strategies are foolish. They lead you in the direction of terrible mistakes. They prevent you from learning. They might make you miserable. Drawing on and revising previously published essays, Decisions about Decisions explores how people do, and should, make decisions about decisions. It aims to see what they are, to explore how they go right, and see where they go wrong.

Publication Date: December 11, 2006 | ISBN-10: 0521606713 | ISBN-13: 978-0521606714 | Edition: 3
This is a revised and updated edition of the classic pronunciation title Ship or Sheep? This new edition of Ship or Sheep?, an accessible intermediate-level pronunciation course in full colour for students of English, provides systematic practice of English pronunciation, with an emphasis on minimal pairs, through a wide variety of interesting exercises and activities. The course is suitable for classroom use or for self-study and is available accompanied by a set of 4 audio CDs in a pack or separately as a book. This ISBN refers to the book only. For information on the book and CD pack, please see 978 0 521 60673 8.

Enjoyable pronunciation practice of English sounds, word stress and intonation for beginner-level students. Now in full colour and with updated artwork, this revised edition of Tree or Three? retains its simplicity and straightforward syllabus. The maintained emphasis on minimal pairs, which made the original edition so popular, makes pronunciation practice light-hearted and accessible. * Full teaching rubrics allow the material to be used both for self-study and classroom use. * Each unit offers comprehensive practice of sounds, with additional work on stress and intonation. * The accompanying audio CDs give lots of listening and pronunciation practice. This is book-only version. A self-study pack (comprising a book and 3 Audio CDs) is also available.

This text and reference on string processes and pattern matching presents examples related to the automatic processing of natural language, to the analysis of molecular sequences and to the management of textual databases. Algorithms are described in a C-like language, with correctness proofs and complexity analysis, to make them ready to implement. The book will be an important resource for students and researchers in theoretical computer science, computational linguistics, computational biology, and software engineering.

In this new edition of their classic work on Cellular Solids, the authors have brought the book completely up to date, including new work on processing of metallic and ceramic foams and on the mechanical, electrical and acoustic properties of cellular solids. Data for commercially available foams are presented on material property charts; two new case studies show how the charts are used for selection of foams in engineering design. Over 150 references appearing in the literature since the publication of the first edition are cited. The text summarises current understanding of the structure and mechanical behaviour of cellular materials, and the ways in which they can be exploited in engineering design. Cellular solids include engineering honeycombs and foams (which can now be made from polymers, metals, ceramics and composites) as well as natural materials, such as wood, cork and cancellous bone.

Randomized algorithms have become a central part of the algorithms curriculum, based on their increasingly widespread use in modern applications. This book presents a coherent and unified treatment of probabilistic techniques for obtaining high probability estimates on the performance of randomized algorithms. It covers the basic toolkit from the Chernoff-Hoeffding bounds to more sophisticated techniques like martingales and isoperimetric inequalities, as well as some recent developments like Talagrand's inequality, transportation cost inequalities and log-Sobolev inequalities. Along the way, variations on the basic theme are examined, such as Chernoff-Hoeffding bounds in dependent settings. The authors emphasise comparative study of the different methods, highlighting respective strengths and weaknesses in concrete example applications. The exposition is tailored to discrete settings sufficient for the analysis of algorithms, avoiding unnecessary measure-theoretic details, thus making the book accessible to computer scientists as well as probabilists and discrete mathematicians.

Shimon Even's Graph Algorithms, published in 1979, was a seminal introductory book on algorithms read by everyone engaged in the field. This thoroughly revised second edition, with a foreword by Richard M. Karp and notes by Andrew V. Goldberg, continues the exceptional presentation from the first edition and explains algorithms in a formal but simple language with a direct and intuitive presentation. The book begins by covering basic material, including graphs and shortest paths, trees, depth-first-search and breadth-first search. The main part of the book is devoted to network flows and applications of network flows, and it ends with chapters on planar graphs and testing graph planarity.