Search results for "Folio"

IDENTIFICATION OF CAREER MANAGEMENT SKILLS RELATED PROBLEMS IN THE STUDY PROCESS OF PODOLOGISTS

2016

<p>Despite the competencies acquired in study process, results of learning, diploma and provided guidance measures podologs as same as other young specialists often lack skills to create successful proffesional career in their field.</p> <p>At this moment in Latvia, specific proffesion, including podologs, career management skill set is not defined. For students of podology learning of mentioned skills is indirectly integrated in educational process, which is reflected by the study program aims, methods and expected results.The aim of the article is to analyse career management skills identification problems in study process of podologs and in this regard, by empirical res…

Acceptance and validity of the methods used to implement a competency based medical education programme in an Intensive Care Department of a teaching…

2021

Abstract Objectives 1. To determine the satisfaction of tutors and residents with a specific methodology used to implement CoBaTrICE. 2. To determine the reliability and validity of the global rating scales designed ad hoc to assess the performance of the residents for training purposes. Design Prospective cohort study. Participants All the residents and tutors of the ICU Department of the Hospital Universitario y Politecnico la Fe de Valencia. Intervention CoBaTrICE implementation started in March 2016, it was based on: (1) Training the tutors in feedback techniques; (2) Performing multiple objective and structured work based assessments to achieve the competences of the program; and (3) T…

Stimulating teachers’ participation in lifelong training programs

2021

In this paper we will present the main ways to stimulate teacher participation in lifelong education programs, we have conducted during a POCU project, implemented between April 11, 2018 and December 10, 2020. The purpose of this research approach was to demonstrate the role of providing incentives to teachers who participate in continuing education programs. The study started from the general hypothesis that providing the opportunity to obtain some types of incentives contributes to motivating teachers’ participation in continuing education programs, as well as to obtaining very good results in the evaluation process. The research methods used to carry out the research approach were: the s…

Revealed preference and portfolio choice

1993

Abstract We show that the necessary and sufficient conditions for expected utility rationalizability of a single observed portfolio choice are identical to the necessary and sufficient conditions for non-expected utility rationalizability.

Equilibrium open interest

2010

Abstract This paper analyses what determines an individual investor's risk-sharing demand for options and, aggregating across investors, what the equilibrium demand for options. We find that agents trade options to achieve their desired skewness; specifically, we find that portfolio holdings boil down to a three-fund separation theorem that includes a so-called skewness portfolio that agents like to attain. Our analysis indicates also, however, that the common risk-sharing setup used for option demand and pricing is incompatible with a stylized fact about open interest across strikes.

Investing for the Long Run

2017

This paper studies long term investing by an investor that maximizes either expected utility from terminal wealth or from consumption. We introduce the concepts of a generalized stochastic discount factor (SDF) and of the minimum price to attain target payouts. The paper finds that the dynamics of the SDF needs to be captured and not the entire market dynamics, which simplifies significantly practical implementations of optimal portfolio strategies. We pay particular attention to the case where the SDF is equal to the inverse of the growth-optimal portfolio in the given market. Then, optimal wealth evolution is closely linked to the growth optimal portfolio. In particular, our concepts allo…

Portfolio Models for Fixed Income

2010

Dynamic Portfolio Optimization with Stochastic Programming

2010

Yet Another Note on the Leland's Option Hedging Strategy with Transaction Costs

2005

In a market with transaction costs the option hedging is costly. The idea presented by Leland (1985) was to include the expected transaction costs in the cost of a replicating portfolio. The resulting Leland's pricing and hedging method is an adjusted Black-Scholes method where one uses a modified volatility in the Black-Scholes formulas for the option price and delta. The Leland's method has been criticized on different grounds. Despite the critique, the risk-return tradeoff of the Leland's strategy is often better than that of the Black-Scholes strategy even in the case when a hedger starts with the same initial value of a replicating portfolio. This implies that the Leland's modification…

Measuring microfinance performance

2015

MFIs are measured according to two dimensions. One is their outreach to poor people, that is, their ability to provide poor families access to financial services. This is the MFIs’ social mission. The other dimension is their financial sustainability, that is, their ability to pay their employees, lenders, and other suppliers, in short, their ability to produce a profit from their operations. We set out the main microfinance measures and confirm earlier findings that profitability is rather weak in microfinance, and that operational costs constitute a large part of the total costs. We argue that researchers should put more efforts into identifying the MFI’s cost drivers because social outre…