Chinese Corporate Social Responsibility by Multiple Objective Portfolio Selection and Genetic Algorithms

In this paper, we study corporate social responsibility (CSR) in China through the prism of investments. We work with large stocks and assess their CSR performance from agency CSR data. We formulate Chinese CSR by a multiple objective extension of a traditional portfolio selection model and analytically solve the extension. We also solve the extension by a genetic algorithm and directly evaluate the algorithm's performance against the analytical solution. The multiple objective formulation is tested by randomly choosing nondominated portfolios with out‐of‐sample data to identify nondominated portfolios that outperform the 1/n portfolio (equally weighted portfolio). Copyright © 2013 John Wiley & Sons, Ltd.     

Evolution by Natural Selection: Darwin's Gift to Science and Religion

The argument-from-design, based on biological evidence, was elaborated by William Paley in his Natural Theology (1802). It was revived in the 1990s by several authors, with a new moniker, the theory of intelligent design. In The Origin of Species (1859), Darwin advanced a scientific explanation of the design of organisms: evolution by natural selection. Organisms are pervaded by imperfections, dysfunctions, cruelties, and even sadism. The theory of evolution accounts for these mishaps, by natural selection, so that they need not be attributed to God's explicit design. The theory of evolution by natural selection is Darwin's gift to religion, in addition to its centrality in biology.     

Suitability and context for brief therapy

Abstract

The main point of this paper is that a client's suitability for brief or time-limited therapy is determined by various factors, including context. There is still agreement on the validity of Malan's selection criteria, which included ‘mild illness, recent onset, high motivation and response to trial interpretation’, yet many additional issues have since emerged and need to be considered. For instance, the counsellor's suitability, training and work experience, the counsellor's assessment skills and ability to establish a dynamic focus, the clients' capacity for self-reflection, their ego strength and their response to a trial therapy in the first session. Then there is the importance of the various contexts in which nowadays much brief counselling is offered free to clients, whether in education, at the workplace, in primary healthcare settings or by charitable organizations. This means that issues of money and markets have come to the fore and an initial differential assessment needs to be carried out in order to decide which method or model of therapy is best for the client. Matching the counsellor's personality to the needs and to the pathology of the client, and matching the treatment to the client's developmental stage or life stage crises are other aspects of the work, which determine the issue of suitability. In the end as always there is much that remains unknown about what works for whom and how the client's decision to take up help is made.     

Muscular Fatigue and the Learning and Performance of a Motor Control Task

Four groups of 12 female college students performed a pursuit-rotor task during learning under one of four conditions of exercising the muscles of the limb used in the task: (a) no muscular exercise, (b) low-fatiguing, (c) medium-fatiguing, and (d) high-fatiguing muscular exercise. All four groups were tested 48 hr later on the same pursuit-rotor task with no exercise interpolated between the ten 20-sec trials. Differences in the performances among the four groups were not statistically significant on either the first or the second day alone or when the data of the two days were combined. The data appear to support the hypothesis of an inverted-U or inverted-J model relating performance (and learning) to muscular fatigue in motor-control tasks.     

Interference Effects from Observed Movement in Parkinson's Disease

Previous research has demonstrated that Parkinson's disease patients have an increased susceptibility to response conflict. In the present study, the authors investigate whether Parkinson's patients have a similar sensitivity to interference from observed movements. In all, 10 patients and 10 controls performed horizontal and vertical arm movements while watching a video of either a person performing similar movements or a moving dot. Movements were performed in the same plane (congruent) and orthogonal to the observed movement (incongruent). The off-axis variance of movements was our index of interference. Although patients tended to exhibit more off-axis variability than did controls, both groups demonstrated similar congruence effects, with greater variance in incongruent conditions. These results indicated that increased susceptibility to interference in Parkinson's disease does not extend to interference from observed movements.     

Inhibition of irrelevant category–response mappings

When switching tasks, performance tends to be worse for n – 2 repetitions than with n – 2 switches. This n – 2 repetition cost has been hypothesized to reflect task-set inhibition: specifically, inhibition of irrelevant category–response mappings involved in response selection. This hypothesis leads to divergent predictions for situations in which all tasks involve the same stimulus categories: An n – 2 repetition cost is predicted when response sets differ across tasks, but not when the response set stays the same. The authors tested these predictions by having subjects perform relative judgements with different reference points. In Experiment 1, the stimulus categories were the same across reference points, but the response set either differed or stayed the same (the multiple- and single-mapping conditions, respectively). An n – 2 repetition cost was found in the multiple-mapping condition but not in the single-mapping condition. Experiment 2 provided evidence against the possibility that these divergent effects reflected differences in memory load. These findings confirm predictions that link n – 2 repetition costs to inhibition of irrelevant category–response mappings.     

Flanker and Simon effects interact at the response selection stage

The present study aimed at investigating the processing stage underlying stimulus–stimulus (S–S) congruency effects by examining the relation of a particular type of congruency effect (i.e., the flanker effect) with a stimulus–response (S–R) spatial correspondence effect (i.e., the Simon effect). Experiment 1 used a unilateral flanker task in which the flanker also acted as a Simon-like accessory stimulus. Results showed a significant S–S Congruency × S–R Correspondence interaction: An advantage for flanker–response spatially corresponding trials was observed in target–flanker congruent conditions, whereas, in incongruent conditions, there was a noncorresponding trials' advantage. The analysis of the temporal trend of the correspondence effects ruled out a temporal-overlap account for the observed interaction. Moreover, results of Experiment 2, in which the flanker did not belong to the target set, demonstrated that this interaction cannot be attributed to perceptual grouping of the target–flanker pairs and referential coding of the target with respect to the flanker in the congruent and incongruent conditions, respectively. Taken together, these findings are consistent with a response selection account of congruency effects: Both the position and the task-related attribute of the flanker would activate the associated responses. In noncorresponding-congruent trials and corresponding-incongruent trials, this would cause a conflict at the response selection stage.     

Modelling response selection in task switching: Testing the contingent encoding assumption

The contingent encoding assumption is the idea that response selection in task-switching situations does not begin until the cue and the target have both been encoded. The authors tested the assumption by manipulating response congruency, stimulus order, and stimulus onset asynchrony (SOA) in two experiments. They found evidence of response selection prior to cue encoding for congruent targets with target–cue order at a long SOA, indicating that the contingent encoding assumption is invalid. The authors describe how contingent encoding can be removed from an existing task-switching model by introducing baseline evidence—task-neutral evidence that serves as a baseline for response selection prior to stimulus encoding. Simulations revealed that the modified model could reproduce the full pattern of response time data and generate responses prior to cue encoding. The authors conclude by discussing directions for further model development.     

Strategic and automatic effects of visual working memory on attention in visual search

Previous research indicates that visual attention can be automatically captured by sensory inputs that match the contents of visual working memory. However, Woodman and Luck (2007) showed that information in working memory can be used flexibly as a template for either selection or rejection according to task demands. We report two experiments that extend their work. Participants performed a visual search task while maintaining items in visual working memory. Memory items were presented for either a short or long exposure duration immediately prior to the search task. Memory was tested by a change-detection task immediately afterwards. On a random half of trials items in memory matched either one distractor in the search task (Experiment 1) or three (Experiment 2). The main result was that matching distractors speeded or slowed target detection depending on whether memory items were presented for a long or short duration. These effects were more in evidence with three matching distractors than one. We conclude that the influence of visual working memory on visual search is indeed flexible but is not solely a function of task demands. Our results suggest that attentional capture by perceptual inputs matching information in visual working memory involves a fast automatic process that can be overridden by a slower top-down process of attentional avoidance.     

Webcam testing: Validation of an innovative open-ended multimedia test

A modern test that takes advantage of the opportunities provided by advancements in computer technology is the multimedia test. The purpose of this study was to investigate the criterion-related validity of a specific open-ended multimedia test, namely a webcam test, by means of a concurrent validity study. In a webcam test a number of work-related situations are presented and participants have to respond as if these were real work situations. The responses are recorded with a webcam. The aim of the webcam test which we investigated is to measure the effectiveness of social work behaviour. This first field study on a webcam test was conducted in an employment agency in The Netherlands. The sample consisted of 188 consultants who participated in a certification process. For the webcam test, good interrater reliabilities and internal consistencies were found. The results showed the webcam test to be significantly correlated with job placement success. The webcam test scores were also found to be related to job knowledge. Hierarchical regression analysis demonstrated that the webcam test has incremental validity up to and beyond job knowledge in predicting job placement success. The webcam test, therefore, seems a promising type of instrument for personnel selection.