Expectations

Distribution by Scientific Domains
Distribution within Medical Sciences

Kinds of Expectations

  • community expectation
  • conditional expectation
  • consumer expectation
  • cultural expectation
  • customer expectation
  • different expectation
  • earning expectation
  • educational expectation
  • general expectation
  • great expectation
  • hardy-weinberg expectation
  • heterogeneous expectation
  • high expectation
  • increasing expectation
  • inflation expectation
  • lower expectation
  • market expectation
  • neutral expectation
  • normative expectation
  • null expectation
  • outcome expectation
  • own expectation
  • parent expectation
  • parental expectation
  • participant expectation
  • patient expectation
  • people expectation
  • performance expectation
  • personal expectation
  • policy expectation
  • posterior expectation
  • price expectation
  • prior expectation
  • professional expectation
  • public expectation
  • random expectation
  • rate expectation
  • rational expectation
  • realistic expectation
  • role expectation
  • self-efficacy expectation
  • social expectation
  • society expectation
  • teacher expectation
  • theoretical expectation
  • unrealistic expectation
  • weinberg expectation

  • Terms modified by Expectations

  • expectation equilibrium
  • expectation formation
  • expectation hypothesis
  • expectation maximization
  • expectation maximization algorithm
  • expectation models
  • expectation value

  • Selected Abstracts


    PERORAL PANCREATOSCOPY: CURRENT STATUS AND FUTURE EXPECTATIONS USING NARROW BAND IMAGING

    DIGESTIVE ENDOSCOPY, Issue 2007
    Yoshifumi Arisaka
    Peroral pancreatoscopy (POPS) under duodenoscopic assistance provide direct visual assessment of the pancreatic duct, tissue sampling, and therapeutic interventions. Sometimes, pancreatoscopy can confirm accurate diagnosis, such as differential diagnosis of filling defects between intraductal tumors and stones. However, it is often difficult to differentiate malignant from benign strictures solely on pancreatoscopy. It is currently considered that intraductal papillary mucinous neoplasm (IPMN) is the most suitable indication of POPS. POPS has several problems: image resolution, fragility and maneuverability. Concerning image resolution, the quality has been improved with the development of a video pancreatoscope. Moreover, the recently developed endoscopic optical technology of narrow band imaging (NBI) is now available to video pancreatoscopy. This will allow direct visual assessment. Although currently POPS has several problems, further improvement will assist POPS to become a useful modality in combination with NBI. [source]


    PREFERENCE FOR ONE OF TWO IDENTICAL STIMULI: EXPECTATIONS, EXPLICIT INSTRUCTIONS AND PERSONAL TRAITS

    JOURNAL OF SENSORY STUDIES, Issue 2010
    KATHRYN W. CHAPMAN
    ABSTRACT Most consumers, given two identical food samples, express a preference for one, rather than choosing a no-preference option. The stability and potential causes of this seemingly irrational preference were examined across three trials under different conditions, specifically, when the first test pair was identical or different, and when participants were explicitly told that the pairs would often be identical. Choice of no preference typically increased from the first to second trial, especially for groups who saw a pair of different samples on the first trial. The explicit instruction that samples might be the same failed to reduce expressing a preference on the initial trial although it had some effect on later trials. Analysis, by individuals, of sequences of preference or no-preference responses across trials support independence of sequential responses and argue against stable personal traits as a predictor of preference choice. PRACTICAL APPLICATIONS More research needs to be done to understand the origins and operation of biases in preference tests. When tested under conditions in which the samples differ only slightly, participants tend to avoid the no-preference option. This is potentially important when interpreting the results of preference tests and assigning practical significance to their outcomes. Also, single trial testing may produce somewhat different results from multi-trial testing, the latter allowing for examination of effects of variation in recent experience. [source]


    CONSUMER EXPECTATIONS AND PERCEPTION OF CHOCOLATE MILK DESSERTS ENRICHED WITH ANTIOXIDANTS

    JOURNAL OF SENSORY STUDIES, Issue 2010
    GASTÓN ARES
    ABSTRACT A study was carried out to identify consumers' previous expectations of chocolate milk desserts enriched with antioxidants and to determine if these expectations affected product perception. Seventy-five consumers participated in the study and were asked to complete a word association task before the evaluation. Then, consumers tried six milk desserts with different polyphenolic concentration, scored their overall liking and willingness to purchase and provided up to four words to describe each of the samples. Cluster analysis performed on consumer-elicited terms in the word association task allowed the identification of three consumer segments with different expectations and motivations toward chocolate milk desserts enriched with antioxidants. These groups also differed in their evaluation of the desserts when tasting them, showing different overall liking, willingness to purchase and sensory description of the samples. This suggests that consumers' prior expectations and motivations significantly affected their response when tasting the desserts. PRACTICAL APPLICATIONS Word association was used to get an insight on consumer expectations of chocolate milk desserts enriched with antioxidants, proving to be a useful methodology. This approach could be a simple technique to understand consumer expectations before tasting a product, and to study how these expectations affect their response after tasting the product, particularly interesting when novel products are considered. Consumer segmentation based on their previous thoughts about a product could help to assure that a product meets consumer expectations appropriately, leading to a higher satisfaction. [source]


    ASSESSING CONSUMER EXPECTATIONS FOR FOOD BARS BY CONJOINT ANALYSIS

    JOURNAL OF SENSORY STUDIES, Issue 6 2009
    K. MAHANNA
    ABSTRACT Food bars, which include meal replacement, protein, granola and cereal bars, have rapidly increased in sales with current estimation of above $3.2 billion. Despite such rapid growth in the market, research on consumer expectations for these products is still lacking. Conjoint analysis was used to probe the effect of different elements of food bar products on purchase intent, including types of bar, ingredients, macro-nutrients, health claims, calories and sensory characteristics. Overall, consumers wanted a food bar to be less than 150 kcal, made with whole grains and higher in protein. Consumers divided into four mind-set segments were characterized as "Label Readers" (n = 213), "Calorie Health Nuts" (n = 90), "Flavor Energy Seekers" (n = 79) and "Chocolate Lovers" (n = 44). Sensory characteristics and types of bar categories were not important to consumers, although calorie elements played the largest role in motivating purchase intent for food bars. PRACTICAL APPLICATIONS The results found from this research help to guide new product development in the food bar market by identifying the desires of specific consumer segments. Consumers were interested in food bar products with lower calorie content, which supports the idea that food bars are more typically consumed as a snack than a meal replacement. Half of the sample consumers tested belonged to the "Label Readers" segment. These consumers are interested in a healthful food bar product high in fiber. Development of a bar that is considered healthful would appeal not only to the "Label Readers" segment, but also to the "Calorie Health Nuts" segment. When developing a food bar product, the labeled bar type or sensory claims are not important to consumers. Consumers are more interested in the ingredients and caloric content of the food bar. [source]


    SENSORY EXPECTATIONS OF CHILDREN FROM DIFFERENT HOUSEHOLD INCOMES FOR A BRANDED CONFECTIONARY PRODUCT

    JOURNAL OF SENSORY STUDIES, Issue 2 2006
    MIRIAM SOSA
    ABSTRACT The influence of brand and price on the sensory acceptability of alfajor (an individual cake covered in chocolate) among children from different household incomes was measured. Two brands of alfajores, "cheap" and "expensive," were used. A total of 120 children, half from low-income households (LI) and half from medium- to high-income households (M,HI), participated in the study. They tasted the alfajores in three conditions: blind, package-alone and package + product. The LI children were not influenced by brand. For the M,HI children, an assimilation effect was observed. The findings highlight the importance of socioeconomic factors in sensory expectation. In the blind condition, if the price is very high, no matter how much a child likes an alfajor he/she will not buy it. If the price is low, the overall liking will highly influence the choice. Implications of results for manufacturers, money providers and nutritional education agencies are discussed. [source]


    AS-AD REVISITED: OVERSHOOTING ADJUSTMENT DYNAMICS UNDER NAĎVE EXPECTATIONS

    METROECONOMICA, Issue 4 2008
    Harald Badinger
    ABSTRACT We analyse the adjustment dynamics from a short-term to a medium-term equilibrium in a standard AS-AD model ŕ la Blanchard (2006, Macroeconomics, 4th edn, Prentice-Hall, Upper Saddle River, NJ) for an open economy with fixed and flexible exchange rates. An explicit analysis suggests the local stability of the medium-term equilibrium. However, an overshooting adjustment dynamics is possible for the exchange rate, a result that directly relates to the famous Dornbusch (1976, Journal of Political Economy, 84, pp. 1161,1176) analysis. In contrast to the latter, in the Blanchard framework it is obtained without assuming rational expectations and without relying upon saddle-path stability. [source]


    INVESTORS ADJUST EXPECTATIONS AROUND SELL-SIDE ANALYST REVISIONS IN IPO RECOMMENDATIONS

    THE JOURNAL OF FINANCIAL RESEARCH, Issue 1 2009
    Deepika Bagchee
    Abstract In this article I compare investor response to sell-side analyst recommendation revisions of initial public offering (IPO) firms in the first three years after issue with that of a benchmark control sample of firms that have been public longer. I test whether investors in IPO firms adjust their initially optimistic expectations as information about new issues is released and uncertainty is resolved. In support of my hypothesis that investors adjust expectations downward, I find abnormally negative returns around analyst revisions of IPO firm recommendations. Additionally, I find the effect of analyst revisions on long-run performance of IPO firms is economically significant. [source]


    COGNITIVE BEHAVIOURAL THERAPY: A STUDY OF RURAL GENERAL PRACTIONERS, UNDERSTANDING AND EXPECTATIONS

    AUSTRALIAN JOURNAL OF RURAL HEALTH, Issue 5 2003
    David Pierce
    ABSTRACT Introduction: Cognitive behavioural therapy (CBT) has been extensively used to manage depression and anxiety. It has been offered to general practitioners (GPs) as a technique suited to primary care. Methods and results: Forty-two GPs, who had participated in workshops on CBT, in rural Victoria, were surveyed about their use, expectations and understanding of CBT. Most of the GPs either occasionally or regularly used CBT. Respondents expressed concern that CBT would lengthen their consultations, while recognising its usefulness in their practice and capacity to enhance doctor,patient communication. Conclusions: The GPs in this study, while regarding CBT as an appropriate technique in general practice, expressed both broad outcome expectations from its use and concerns about its time management impact. This study indicates the need for further research on the role of CBT in rural general practice. [source]


    Expectation of empowerment as a determinant of citizen participation in waste management planning1,2

    JAPANESE PSYCHOLOGICAL RESEARCH, Issue 1 2009
    HIROE MAEDA
    Abstract:, The study investigated the determinants of citizen participation in the development of a waste management plan. It was hypothesized that people would decide whether or not to participate in the planning based on the expectation of empowerment to be gained by their participation, not on the general evaluation of citizen participation. Four hundred and twenty-four volunteers responded to a self-report mailed survey conducted in August 2001 in Nisshin City. Nisshin City was selected as a city where the municipal government was starting to develop a basic plan for waste reduction and recycling. Major findings from the survey were: (a) the direct social benefits (i.e., making a better plan by citizen participation) were the main determinant of the general evaluation of citizen participation; and (b) expectation of personal empowerment (i.e., sense of self-efficacy and solidarity) was the main determinant of behavioral intention to citizen participation. [source]


    Sweet Anticipation: Music and the Psychology of Expectation by huron, david

    JOURNAL OF AESTHETICS AND ART CRITICISM, Issue 3 2007
    WILLIAM BENJAMIN
    No abstract is available for this article. [source]


    Probabilities of heart donors arising within specified times for child recipients

    JOURNAL OF PAEDIATRICS AND CHILD HEALTH, Issue 1-2 2007
    John C Galati
    Aim: To determine the availability of donor hearts for children of different blood group and weight needing urgent heart transplantation. Methods: Data maintained by the Australia and New Zealand Organ Donor Registry 1989,2004 were analysed to determine the frequency of donation. Probabilities of suitable donor availability within 10, 20, 30, 40, 60, 90 and 180 days were estimated using a Poisson model with the assumptions that traditional ABO blood compatibilities applied, suitable donors were 0.8,4.0 times the recipient's body weight (BW) and suitable adult donors were aged <40 years. Results: Probabilities of suitable donor availability increase with passage of time from 10 to 180 days and decrease with competition from other needful recipients. Maximum suitable donor availability occurs for children of all blood groups at body weight 20 kg. The probabilities of a donor heart arising within 40 days (maximum safe duration of extracorporeal membrane oxygenation support locally available for young children) for this recipient body weight according to blood group is 0.89, 0.85, 0.73, 0.67 (AB, A, B, O). Probabilities for recipients of BW 3 kg and 60 kg respectively are 0.16, 0.14, 0.10, 0.09 (AB, A, B, O) and 0.66, 0.61, 0.47, 0.42 (AB, A, B, O). Conclusion: Expectation of suitable heart donation arising within 40 days for needful recipients in Australia is low for infants (probability <0.3), moderate for small children (probability 0.5,0.9) and modest for large children (probability 0.4,0.7), with variation at all body weights according to blood group and waiting time. [source]


    Parsing brain activity associated with acupuncture treatment in Parkinson's diseases,

    MOVEMENT DISORDERS, Issue 12 2009
    Younbyoung Chae KMD
    Abstract Acupuncture, a common treatment modality within complementary and alternative medicine, has been widely used for Parkinson's disease (PD). Using functional magnetic resonance imaging (fMRI), we explored the neural mechanisms underlying the effect of specific and genuine acupuncture treatment on the motor function in patients with PD. Three fMRI scans were performed in random order in a block design, one for verum acupuncture (VA) treatment, another one for a covert placebo (CP), and the third one for an overt placebo (OP) at the motor function implicated acupoint GB34 on the left foot of 10 patients with PD. We calculated the contrast that subtracts the blood-oxygen-level dependent (BOLD) response for the acupuncture effect (VA vs. CP) and the placebo effect (CP vs. OP). We found a significant improvement in the motor function of the affected hand after acupuncture treatment. The putamen and the primary motor cortex were activated when patients with PD received the acupuncture treatment (VA vs. CP) and these activations correlated with individual enhanced motor function. Expectation towards acupuncture modality (CP vs. OP) elicited activation over the anterior cingulate gyrus, the superior frontal gyrus, and the superior temporal gyrus. These findings suggest that acupuncture treatment might facilitate improvement in the motor functioning of patients with PD via the basal ganglia-thalamocortical circuit. © 2009 Movement Disorder Society [source]


    Expectation and experiences of childbirth in primiparae with caesarean section

    BJOG : AN INTERNATIONAL JOURNAL OF OBSTETRICS & GYNAECOLOGY, Issue 3 2008
    I Wiklund
    Objective, The aim of this study was to examine the expectations and experiences in women undergoing a caesarean section on maternal request and compare these with women undergoing caesarean section with breech presentation as the indication and women who intended to have vaginal delivery acting as a control group. A second aim was to study whether assisted delivery and emergency caesarean section in the control group affected the birth experience. Design, A prospective group-comparison cohort study. Setting, Danderyd Hospital, Stockholm, Sweden. Sample, First-time mothers (n= 496) were recruited to the study in week 37,39 of gestation and follow up was carried out 3 months after delivery. Comparisons were made between ,caesarean section on maternal request', ,caesarean section due to breech presentation' and ,controls planning a vaginal delivery'. Methods, The instrument used was the Wijma Delivery Expectancy/Experience Questionnaire (W-DEQ). Main outcome measures, Expectations prior to delivery and experiences at 3 months after birth. Results, Mothers requesting a caesarean section had more negative expectations of a vaginal delivery (P < 0.001) and 43.4% in this group showed a clinically significant fear of delivery. Mothers in the two groups expecting a vaginal delivery, but having an emergency caesarean section or an assisted vaginal delivery had more negative experiences of childbirth (P < 0.001). Conclusions, Women requesting caesarean section did not always suffer from clinically significant fear of childbirth. The finding that women subjected to complicated deliveries had a negative birth experience emphasises the importance of postnatal support. [source]


    Imaging technology of the future

    BRITISH JOURNAL OF SURGERY (NOW INCLUDES EUROPEAN JOURNAL OF SURGERY), Issue 10 2006
    A. Persson
    Expectation of imaging-based treatments [source]


    OUTLYING OBSERVATIONS AND MISSING VALUES: HOW SHOULD THEY BE HANDLED?

    CLINICAL AND EXPERIMENTAL PHARMACOLOGY AND PHYSIOLOGY, Issue 5-6 2008
    John Ludbrook
    SUMMARY 1The problems of, and best solutions for, outlying observations and missing values are very dependent on the sizes of the experimental groups. For original articles published in Clinical and Experimental Pharmacology and Physiology during 2006,2007, the range of group sizes ranged from three to 44 (,small groups'). In surveys, epidemiological studies and clinical trials, the group sizes range from 100s to 1000s (,large groups'). 2How can one detect outlying (extreme) observations? The best methods are graphical, for instance: (i) a scatterplot, often with mean±2 s; and (ii) a box-and-whisker plot. Even with these, it is a matter of judgement whether observations are truly outlying. 3It is permissable to delete or replace outlying observations if an independent explanation for them can be found. This may be, for instance, failure of a piece of measuring equipment or human error in operating it. If the observation is deleted, it can then be treated as a missing value. Rarely, the appropriate portion of the study can be repeated. 4It is decidedly not permissable to delete unexplained extreme values. Some of the acceptable strategies for handling them are: (i) transform the data and proceed with conventional statistical analyses; (ii) use the mean for location, but use permutation (randomization) tests for comparing means; and (iii) use robust methods for describing location (e.g. median, geometric mean, trimmed mean), for indicating dispersion (range, percentiles), for comparing locations and for regression analysis. 5What can be done about missing values? Some strategies are: (i) ignore them; (ii) replace them by hand if the data set is small; and (iii) use computerized imputation techniques to replace them if the data set is large (e.g. regression or EM (conditional Expectation, Maximum likelihood estimation) methods). 6If the missing values are ignored, or even if they are replaced, it is essential to test whether the individuals with missing values are otherwise indistinguishable from the remainder of the group. If the missing values have not occurred at random, but are associated with some property of the individuals being studied, the subsequent analysis may be biased. [source]


    Audit Review: Managers' Interpersonal Expectations and Conduct of the Review,

    CONTEMPORARY ACCOUNTING RESEARCH, Issue 3 2002
    Michael Gibbins
    Abstract This paper presents an interpersonal model of audit file review centered on the audit manager. A manager's conduct of the review is affected by four components: the manager's expectations about the client, expectations about the preparer, expectations about the partner, and the manager's own approach and circumstances. The paper then presents a comprehensive field-based analysis of how a working paper review is conducted. It supplements the mostly experimental research on working paper review by reporting the results of a retrospective field questionnaire that asked audit managers to report on their behavior and their relationships with preparers and partners on actual audit engagements. The extent of review was sensitive to specific features of the client and the file (including risk factors), to features of the preparer, and particularly to the style of the reviewer, which was quite stable across cases. Although the evidence of managers' awareness of preparers' "stylizing" the file to suit the manager was weak, the evidence of managers' stylizing for the partners was pervasive, affecting both work done and documentation. Managers believed that good reviews emphasized key issues and risks rather than detail. Other new descriptive evidence on the nature of the review process is provided, including the purpose of the review process, how frequently surprises are found in the review process, and the qualities of good reviewers compared with poor reviewers. The implications of our model and our results for future research are outlined. [source]


    The Artist in Society: Understandings, Expectations, and Curriculum Implications

    CURRICULUM INQUIRY, Issue 3 2008
    RUBÉN A. GAZTAMBIDE-FERNÁNDEZ
    ABSTRACT Disparate and contradicting assumptions about culture play a significant role in how the artist is constructed in the public imagination. These assumptions have important implications for how young artists should be educated and for the curriculum of artistic education. In this article, I theorize three conceptions of the role of the artist in society and the challenge they present for artistic education. I discuss three theoretical conceptions: the artist as Cultural "Civilizer," the artist as "Border Crosser," and the artist as "Representator." Although markedly different, these three conceptions all view the artist as an agent playing an active role in society, or a type of "cultural worker." I argue that these different views of the artist are grounded on different cultural discourses, that each of these discourses constructs the artist as an individual in a particular way, and that each view of the artist corresponds to specific institutions that mediate the role of the artist in society. Furthermore, I suggest the implications that each of these views has for the curriculum of artistic education and the preparation of cultural workers. I suggest that a contemporary artistic education grounded on these views should affirm the role of the artist in the public sphere of a democratic society. [source]


    Modeling the Effects of a Service Guarantee on Perceived Service Quality Using Alternating Conditional Expectations (ACE),

    DECISION SCIENCES, Issue 3 2002
    Chee-Chuong Sum
    ABSTRACT This paper addresses the dearth of empirical research on the relationship between service guarantee and perceived service quality (PSQ). In particular, we examine the moderating effects of a service guarantee on PSQ. While a recent study provided empirical evidence that service quality is affected by service guarantee and employee variables such as employee motivation/vision and learning through service failure, the nature and form of the relationships between these variables remain unclear. Knowledge of these relationships can assist service managers to allocate resources more judiciously, avoid pitfalls, and establish more realistic expectations. Data was obtained from employees and customers of a multinational hotel chain that has implemented a service guarantee program in 89 of its hotels in America and Canada. As the employee variables could affect performance in a non-linear fashion, we relaxed the assumption of model linearity by using the Alternating Conditional Expectations (ACE) algorithm to arrive at a better-fitting, non-linear regression model for PSQ. Our findings indicate the existence of significant non-linear relationships between PSQ and its determinant variables. The ACE model also revealed that service guarantee interacts with the employee variables to affect PSQ in a non-linear fashion. The non-linear relationships present new insights into the management of service guarantees and PSQ. Explanations and managerial implications of our results are presented and discussed. [source]


    Expectations of Justice in the Age of Augustine , By Kevin Uhalde

    EARLY MEDIEVAL EUROPE, Issue 2 2009
    SOPHIE LUNN-ROCKLIFFE
    No abstract is available for this article. [source]


    Market-Based Measures of Monetary Policy Expectations and Their Evolution Since the Introduction of the Euro

    ECONOMIC NOTES, Issue 3 2009
    Fabio Filipozzi
    The paper considers the relation between monetary policy expectations and financial markets in the case of Europe. A number of money market instruments are compared, with the result that the 1-month forward interest rates extracted from the Libor yield curve has the best prediction power of the future monetary policy path. These forward rates have been used to study the evolution of market expectations regarding the monetary policy of the European Central Bank (ECB). The sharp increases and the following decreases in interest rates during 2000,2001 have reduced the predictive power of money market instruments, but smoother management of interest rates and better communication from the ECB has helped to improve the forecasting power of money market instruments. [source]


    Booms and Busts: Consumption, House Prices and Expectations

    ECONOMICA, Issue 301 2009
    ORAZIO P. ATTANASIO
    Over much of the past 25 years, house price and consumption growth have been closely synchronized. Three main hypotheses for this have been proposed: increases in house prices raise household wealth and so their consumption; house price growth reduces credit constraints by increasing the collateral available to homeowners; and house prices and consumption are together influenced by common factors. Using microeconomic data, we find that the relationship between house prices and consumption is stronger for younger than older households, contradicting the wealth channel. We suggest that common causality has been the most important factor linking house prices and consumption. [source]


    Activist Macroeconomic Policy, Election Effects and the Formation of Expectations: Evidence from OECD Economies

    ECONOMICS & POLITICS, Issue 2 2000
    David Kiefer
    We examine the explanatory power of a political,business cycle theory in which governments practice short-run policy to lessen the impact of exogenous shocks. Governments have ideological objectives with respect to macroeconomic performance, but are constrained by an augmented Phillips curve. The most prominent version, the rational partisan model, incorporates forward-looking expectations. This model can be compared to a competing model based on backward-looking expectations. Alesina and Roubini's recent advocacy of the rational model uses OECD data. Our reconsideration of the same data, updated to 1995, suggests that the adaptive expectations version offers a better explanation than the rational one. [source]


    Balancing Expectations for Employability and Family Responsibilities While on Social Assistance: Low-Income Mothers' Experiences in Three Canadian Provinces,

    FAMILY RELATIONS, Issue 5 2007
    Amber Gazso
    Abstract: Drawing upon a discourse analysis of public-use policy documents and qualitative interview data, this paper explores how mothers on social assistance in three Canadian provinces balance actual or expected policy expectations of their employability (e.g., participation in welfare-to-work programming) with their caregiving responsibilities. The results suggest that mothers' experiences of a time crunch, overload, and interference varied depending on their employability status and that they often experienced work-family conflict in ways similar to that experienced by working mothers not on assistance. The policy implications of these findings are discussed. [source]


    Using Expectations to Test Asset Pricing Models

    FINANCIAL MANAGEMENT, Issue 3 2005
    Alon Brav
    Asset pricing models generate predictions relating assets' expected rates of return and their risk attributes. Most tests of these models have employed realized rates of return as a proxy for expected return. We use analysts' expected rates of return to examine the relation between these expectations and firm attributes. By assuming that analysts' expectations are unbiased estimates of market-wide expected rates of return, we can circumvent the use of realized rates of return and provide evidence on the predictions emanating from traditional asset pricing models. We find a positive, robust relation between expected return and market beta and a negative relation between expected return and firm size, consistent with the notion that these are risk factors. We do not find that high book-to-market firms are expected to earn higher returns than low book-to-market firms, inconsistent with the notion that book-to-market is a risk factor. [source]


    Uncertain Demand, Heterogeneous Expectations, and Unintentional IPO Underpricing

    FINANCIAL REVIEW, Issue 1 2006
    Bruce K. Gouldey
    G12; G24; G30 Abstract Distinguishing between intentional and unintentional incentives to underprice initial public offerings (IPOs), I develop sufficient conditions for the winners' curse postulated by Miller (1977) and implications for intertemporal changes in the magnitude of underpricing. Specifically, I show that unintentional underpricing (and occasional overpricing) of IPOs is a consequence of investors' heterogeneous expectations of the uncertain value of a stock when the supply is constrained and the underwriter's price discovery process only partially identifies aggregate demand. Moreover, an IPO that is oversubscribed in the premarket sale almost certainly will experience a short-term price increase in the secondary market. [source]


    Financial Expectations, Consumption and Saving: A Microeconomic Analysis,

    FISCAL STUDIES, Issue 3 2006
    Sarah Brown
    Abstract We explore the determinants of individuals' financial expectations using data from the British Household Panel Survey, 1991,2003. Our findings suggest that individuals' financial predictions are influenced by both the life cycle and the business cycle. We also investigate the extent to which the accuracy of past financial expectations affects current financial expectations. Regardless of the accuracy of the prediction, past financial optimism has a positive effect on current expectations formation whilst past financial pessimism has a negative effect. We also explore the relationship between financial realisations and expectations and we find that expectations tend to fall short of financial realisations. Finally, we investigate how financial expectations influence saving and consumption. Our findings suggest that financial optimism is inversely associated with saving and that current financial expectations serve to predict future consumption. [source]


    A Cross-Cultural Survey of Students' Expectations of Foreign Language Teachers

    FOREIGN LANGUAGE ANNALS, Issue 3 2003
    Article first published online: 31 DEC 200, Eri Banno
    One hundred ten Japanese, 98 American, and 105 Chinese college students chose five important qualities in good foreign language teachers from a list. Chi-square statistics and the Spearman rank-order correlation coefficient were used for the analyses. A statistically significant difference was found for some qualities. The results indicate that the students of all groups placed importance on some qualities, such as "explain clearly" and "approachable," and that Japanese and Chinese students had some similar expectations in foreign language teachers. Chinese participants placed more importance on pronunciation than did Japanese and Americans. Americans valued creative and patient teachers more than Japanese students did, whereas Japanese valued entertaining, impartial, open-minded, and reliable teachers more than Americans. [source]


    Searching for phylogenetic pattern in biological invasions

    GLOBAL ECOLOGY, Issue 1 2008
    erban Proche
    Abstract It has been suggested that alien species with close indigenous relatives in the introduced range may have reduced chances of successful establishment and invasion (Darwin's naturalization hypothesis). Studies trying to test this have in fact been addressing four different hypotheses, and the same data can support some while rejecting others. In this paper, we argue that the phylogenetic pattern will change depending on the spatial and phylogenetic scales considered. Expectations and observations from invasion biology and the study of natural communities are that at the spatial scale relevant to competitive interactions, closely related species will be spatially separated, whereas at the regional scale, species in the same genera or families will tend to co-occur more often than by chance. We also argue that patterns in the relatedness of indigenous and naturalized plants are dependent on the continental/island setting, spatial occupancy levels, and on the group of organisms under scrutiny. Understanding how these factors create a phylogenetic pattern in invasions will help us predict which groups are more likely to invade where, and should contribute to general ecological theory. [source]


    The Internet and Health: Communication Experiences and Expectations

    HEALTH & SOCIAL CARE IN THE COMMUNITY, Issue 3 2002
    Article first published online: 30 APR 200
    First page of article [source]


    Variables impacting on patients' perceptions of discharge from short-stay hospitalisation or same-day surgery

    HEALTH & SOCIAL CARE IN THE COMMUNITY, Issue 6 2000
    William S. Rowe DSW PSW
    Abstract The paper presents components of a study (n = 929) that was designed to examine, at one specific point in time, the hospital experience of the patient and the patient's corresponding recovery at home. Variables that captured the hospitalization and recovery experience relate to the degree of patient involvement in decisions about their treatment and discharge plans. Levels of health and recovery-related information reported by patients and their level of confidence in ability to resume regular activities once home were also measured. In general, individuals reported what many would consider having received less than optimal levels of information about their illness and recovery at home. Many patients also reported that they neither participated, nor were consulted on their needs or perceptions during their hospitalization. Expectations were that problems that patients might experience once home would have their origins in problems from within the community. However, the community resources were found to be less implicated and hospital resources more so. This suggests the importance of examining institutional issues even when one is focusing on the delivery of community services. [source]