Social influence on predictions of simulated stock prices

Herding in financial markets refers to that investors are influenced by others. This study addresses the importance of consistency for herding. It is suggested that, in financial markets perceptions of consistency are based on repeated observations over time. Consistency may then be perceived as the agreement across time between investors' predictions. In addition, consistency may be related to variance over time in each investor's predictions. In an experiment using a Multiple Cue Probability Learning paradigm, 96 undergraduates made multi‐trial predictions of future stock prices given information about the current price and the predictions made by five fictitious others. Consistency was varied between the others' predictions (correlation) and within the others' predictions (variance). The results showed that the predictions were significantly influenced by the others' predictions when these were correlated. No effect of variance was observed. Hence, participants were influenced by the others when they were in agreement, regardless of whether they varied their predictions over trials or not. Copyright © 2008 John Wiley & Sons, Ltd.     

Reactions following the sudden death of a classmate

Findings from a study of adolescents grief reactions following the sudden death of a friend and a classmate are presented. The group (26 classmates) was followed up after one and nine months. Interviews and a questionnaire including the Imapact of Event Scale and the Hogan Grief Inventory were used. The general grief scores on the Hogan Grief Inventory indicated that the grief level was similar to that of adolescents who had lost siblings. The scores on the Impact of Event Scale showed a descline in distress level from 1 to 9 months. However, after 9 months about 1/5 of the students still scored above a clinical cut-off point indicating post-traumatic stress levels. Recommendations for improving help following such events are presented.     

Effects of Couples' Perceptions of Genogram Construction on Therapeutic Alliance and Session Impact: A Growth Curve Analysis

The purpose of this study was to examine how the construction of a therapist-administered genogram (TAGE) versus a self-administered genogram (SAGE) would affect therapeutic alliance and session character in couples therapy across time. Eight student marriage and family therapists conducting therapy with 17 couples administered a TAGE, SAGE, or control treatment intervention in the second therapy session. Measurements were taken following the first five sessions. Results of a growth curve analysis showed no significant differences in couple members' growth curves based on their participation in one of the three treatment groups. Recommendations for clinicians and future genogram researchers are provided.of the Marriage and Family Therapy program at     

中学生消费价值观在家庭理财教育方式与消费决策风格之间的中介作用

目的：考察中学生消费价值观在家庭理财教育方式与消费决策风格之间的中介作用。方法：377名中学生完成了中学生消费价值观问卷、家庭理财教育方式问卷和中学生消费决策风格问卷。结果：父母积极的教育方式可通过树立合理的消费价值观来促进中学生形成理性的决策风格;父母消极的教育方式一方面通过树立不合理的消费价值观助长中学生非理性的决策风格,另一方面通过减弱合理的消费价值观来减弱其合理的决策风格。结论：中学生消费价值观在家庭理财教育方式与消费决策风格之间起中介作用。     

Polarization or bridging? Responses of Muslim and non-Muslim organizations to criticism of Islam in the Netherlands

Since the beginning of the twenty-first century, Islam has been a target of harsh criticism in the Netherlands, as in many other European countries. This article examines and analyses the way leaders of 10 Muslim and 11 non-Muslim organizations responded to criticism of Islam in the Netherlands in the period 2004–10. The focus is on the response to five episodes: the film Submission (2004), the Danish Cartoon Affair (2005–2006), the film Fitna (2008), the Internet film An interview with Mohammed (2008) and the Swiss ban on the building of minarets (2009). Several specific patterns of response are noted. The responses of Muslim organizations vary from resignation to defensive to offensive, and those of non-Muslim organizations from supportive to critical. These patterns are strongly linked to the organizations' leaders' framing of the situation, including the incidents themselves and other organizations, and their own mission and strategy, as well as, in the case of Fitna, to the policy of the Dutch government. All the organizations researched reject extreme forms of polarization and the mainstream Christian, Islamic and Jewish organizations in particular have strengthened their mutual ties in response to expressions of criticism of Islam.     

Day-to-day living with severe chronic obstructive pulmonary disease: Towards a family-based approach to the illness impacts

Objective: This study explores the perspectives of both patients and family members regarding the impact of chronic obstructive pulmonary disease (COPD) in their family life.

Design: An exploratory qualitative study was conducted with patients and their family members in the chronic phase of COPD. Individual interviews were performed to explore participants’ perspectives and submitted to thematic analysis.

Results: Six major themes emerged from patients’ perspective: (1) impact of COPD symptoms on personal and family daily life; (2) (over)protective family support; (3) difficulties in couple communication; (4) sense of identity loss; (5) fear of COPD progression; and (6) coping resources. Five main themes emerged from the family members’ perspective: (1) restrictions in family’s social life; (2) emotional distress related to COPD exacerbations; (3) tension in couple relationship; (4) financial strain of COPD; and (5) coping resources.

Conclusions: The overall findings illustrate the complex interaction between the experience of living with COPD and communication patterns, emotional states, social support and social roles within the family. The results highlight the need to develop family-based interventions to facilitate a functional adjustment to COPD. However, these interventions in COPD remain undeveloped and empirical evidence is needed.     

Personality Psychology in the First Decade of the New Millennium: A Bibliometric Portrait

Nine principal personality psychology journals—Journal of Personality and Social Psychology (JPSP), Journal of Personality (JP), Journal of Research in Personality (JRP), European Journal of Personality (EJP), Personality and Individual Differences (PAID), Personality and Social Psychology Bulletin (PSPB), Personality and Social Psychology Review (PSPR), Journal of Personality Assessment (JPA), and Journal of Personality Disorders (JPD)—have published 8510 research papers from 2001 to 2010. These papers have been cited 149 108 times (September 2011) by papers published in journals indexed in the Web of Science. Although personality psychologists from the US published the largest number of papers (4924, 57.9%) and had the largest number of citations (101 875, 68.3%), their relative contribution to personality literature has slightly diminished during the first decade of the new millennium. Unlike other countries, personality psychologists residing in the US demonstrated a strong country self‐citation bias: They were about 14% more likely to cite papers which were written by their compatriots rather than non‐US authors in three leading journals JPSP, PSPB, and PSPR. The intensity and pattern of citations indicate that personality psychology indeed occupies one of the core positions at the heart of psychological knowledge. Copyright © 2012 John Wiley & Sons, Ltd.     

The partnership between the Early Intervention Institute,St Petersburg,and the Anna Freud Centre,London

The authors describe study and teaching links between the Early Intervention Institute in St Petersburg and the Anna Freud Clinic in London. Some brief clinical examples from a variety of settings are given as well as a longer case presentation. The impact of widespread institutional care, alcoholism and terrible housing conditions on child mental health are illustrated. This raises questions about the role of child psychotherapy when social conditions are so harsh. The case material indicates that, despite this, children can be helped in some measure to feel more secure, by the therapist providing constancy and reliability within an often frightening and dangerous external world.     

Private Investigations of White‐Collar Crime Suspicions: A Qualitative Study of the Blame Game Hypothesis

The activity of private investigations by fraud examiners is a business of lawyers, auditors, and other professionals who investigate suspicions of financial crime by white‐collar criminals. This paper presents results from an empirical study of investigation reports. The available sample consists of 28 reports written mostly by auditing firms such as Deloitte, Ernst & Young, and PwC. The blame game can occur at two stages in a private investigation. First, the mandate formulated by a client may point investigators in a specific direction. Next, investigators sometimes suffer from a tunnel view of predetermined opinions. In the sample of 28 investigations reports, more than half of them involve potential blame game victims. Copyright © 2014 John Wiley & Sons, Ltd.