Download or read book Attribution Hears a Who The Case for Decision Maker Based Attribution written by Arun Muralidhar and published by . This book was released on 2017 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the late 1990s, Decision-based Performance Attribution (DPA) was introduced into performance reports and has slowly become the norm in the industry. As more analysts have examined this approach, the mathematical approaches have become elegant and the attribution has been refined to the last basis point. DPA focuses on breaking down total performance into the various decisions made in the fund: the Strategic Asset Allocation (SAA) and the Excess, with the Excess further disaggregated into the tactical asset allocation (TAA), manager selection within each decision bucket, manager allocation and individual security selection. But does this approach miss a key facet of investing: namely, in a typical institutional fund, there is delegation of duties at many levels of the fund, and unless each individual or institution is held accountable for the decisions they make, inefficiencies and poor risk management will ensue. In this article, we will argue that the elephant in the room, is that attribution needs to be used to hold decision-makers accountable and attribution reports should answer the Who question, which as important as the What question which DPA seeks to address. We provide a simple non-technical template for this approach we call Attribution of Returns using Organizational Network (ARUN) and encourage more talented attribution specialists to develop a more robust paradigm and method of reporting.
Download or read book The Next Step in the Evolution of Decision Based Attribution written by Arun Muralidhar and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been a lot of focus on macro decision-based attribution (DPA), both in terms of decisions (e.g., asset allocation, manager selection, manager allocation and security selection) and who makes the decisions (decision-maker attribution). However, there has been little focus on the rules underlying the decisions - what we term micro DPA. For example, asset allocation value added may be generated by a hierarchy of rules that drive the decision at a very high level (e.g., a sub-model based on seasonality and a sub-model based on economic data) and then drilling further, by further rules that indicate the conditions under which the investor should go overweight or underweight. We argue that without a clear understanding of micro DPA, there is a danger that focusing solely on macro DPA may allow inefficient decisions to creep into a portfolio. We provide a simple case study of how rules-based micro DPA can be applied to extract a better understanding of decision-making in an investment organization and apply it to the asset allocation decision, but it is obvious that this same procedure can be applied at all levels of the portfolio and for all decisions. While this technique is clearly most easily applied to a quantitative process which has clearly specified rules, we also discuss how it can be applied to a qualitative investment process.
Download or read book Responsibility Attribution for Collective Decision Makers written by Raymond M. Duch and published by . This book was released on 2016 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: We implemented two experiments that are designed to recover the responsibility attribution reasoning of individuals. The first endeavor is a lab experiment designed to identify what decision maker attributes, of the actors in a collective decision making group, affect responsibility attribution. Here we simply have individuals identify the decision makers who they want to punish. The collective decision-makers individuals chose to punish are not necessarily those decision makers individuals considered to have had the most influence on the decision making outcome. Our intuition is that this is the case but we designed a second, internet, experiment, with a more representative sample of the UK population, that helps answer this question. In this second experiment individuals are expected to anticipate the relative impact of different decision makers on collection decision outcomes.
Download or read book By Chance Or By Choice Biased Attribution of Others Outcomes written by Nisvan Erkal and published by . This book was released on 2019 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision makers in positions of power often make unobserved choices under risk and uncertainty. What inferences are made about their choices when only outcomes are observed? Using a laboratory experiment, we investigate attribution biases in the evaluation of outcomes. Decision makers face a trade-off between maximizing their own payoff and those of other individuals. We show that attribution biases exist in the evaluation of good outcomes and decision makers receive too little credit for their successes. Importantly, the biases tend to be driven by subjects who make the selfish choice themselves when placed in the role of the decision maker.
Download or read book Making Peoples Heard written by Asbjørn Eide and published by BRILL. This book was released on 2011-06-22 with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading theme in this impressive collection of essays in honour of Professor Gudmundur Alfredsson is the advancement of international rules and mechanisms to empower individuals, groups and peoples everywhere to pursue their rights nationally, regionally and internationally. The book deals with the many areas of international law and national policies and practices in which important progress has been made since the adoption of the Universal Declaration of Human Rights for better protection of human rights in the modern world. It equally provides a critical discussion of the difficulties and failures in various areas and probes questions and issues that are pending solution at the national, regional or universal levels. The book begins with the examination by several authors from their different perspectives (general international law, international human rights law and humanitarian law) of the existence and meaning of the right to peace. Subsequent chapters examine in detail the standard setting, monitoring and other ways of ensuring compliance by States and international organizations with the applicable human rights rules. A special chapter is devoted to the rights of indigenous peoples and minorities, an issue of particular interest and concern to Gudmundur Alfredsson. The contributors are academics or practitioners in the field of international law and human rights, nearly all of whom having in their own work been closely associated with Professor Alfredsson's various projects aimed at the promotion and protection of human rights. "This is a remarkable book, written by insiders for one of the most prominent players in the international human rights system, particularly at the UN level. It can serve as a genuine commentary on many of the most burning issues within that system, ranging from the performance of the UN Human Rights Council and the situation of "UNmikistan" (Kosovo) to the latest developments of the law on minorities and indigenous peoples, both at the global and regional level." H.E. Judge Bruno Simma, International Court of Justice.
Download or read book State Responsibility for Non State Actors written by Richard Mackenzie-Gray Scott and published by Bloomsbury Publishing. This book was released on 2022-09-08 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates how state responsibility can be determined for the wrongdoing of non-state actors. Every day, people, businesses and societies around the world pay a price arising from interactions between states and non-state actors. From insurrections that attempt to create new governments, to states arming belligerent proxies operating overseas, to companies damaging natural environments or providing suspect services, the impact of such situations are felt in numerous ways. They also raise many questions relating to responsibility. In answering these, State Responsibility for Non-State Actors provides a picture of what the law governing this area is, what it could be, and what it should be in light of past histories, present realities and future prospects.
Download or read book The American Energy Initiative Part 29 A Focus on H R 6172 Serial No 112 179 September 20 2012 112 2 Hearing written by and published by . This book was released on 2014 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Decision Making Analysis of the Attribution of Responsibility and the Assignment of Sanction written by Daniel F. Penrod and published by . This book was released on 1977 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Attribution Theory and Juridic Decision Making written by Minna M. McCallie and published by . This book was released on 2001 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Experimental Study on Responsibility Attribution in Sequential Decision Making written by Janina Kraus and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Attributions and Psychological Change written by Charles Antaki and published by . This book was released on 1982 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Beyond Right and Wrong written by Randall Kiser and published by Springer Science & Business Media. This book was released on 2010-01-07 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: Let us endeavor to see things as they are, and then enquire whether we ought to complain. Whether to see life as it is, will give us much consolation, I know not; but the consolation which is drawn from truth if any there be, is solid and durable: that which may be derived from errour, must be, like its original, fallacious and fugitive. Samuel Johnson, Letter to Bennet Langton (1758) Attorneys and clients make hundreds of decisions in every litigation case. From initially deciding which attorney to retain to deciding which witnesses to call at trial, from deciding whether to ?le a complaint to deciding whether to appeal a verdict, attorneys and clients make multiple, critical decisions about strategies, costs, arguments, valuations, evidence and negotiations. Once made, these de- sions are scrutinized by an opponent intent on exploiting the consequences of any mistake. In this intense and adversarial arena, decision-making errors often are transparent, irreversible and dispositive, wielding the power to bankrupt clients and dissolve law ?rms. Although attorneys and clients may regard sound decision making as incidental to effective lawyering, sound decision making actually is the essence of effective lawyering. An attorney’s knowledge, intelligence and experience are inert re- urces until the attorney decides how to deploy those skills to serve the client’s interests. Those decisions, in turn, largely determine a case’s course and outcome.
Download or read book Effigy written by Allison M. Cotton and published by Lexington Books. This book was released on 2008-07-25 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effigy examines the images of a capital defendant portrayed, by the defense attorneys and the prosecutor, during the guilt and penalty phases of capital trial, the trial tactics used to impart these images, and the consequences that result from the jury's attempt to reconcile contradictory images to place one in permanent record as a verdict. These images are starkly contrasted against the backdrop of a brutal murder in which the stereotypes of American fear are realized: Donta Page, the defendant, is an African-American male from a low-income segment of society while Peyton Tuthill, the victim, was a Caucasian female from a middle-income suburb. The prosecuting attorneys depict the defendant as a 'savage beast,' juxtaposing their image against that of a 'troubled youth' as Page is portrayed by the defense attorneys. Slowly and methodically developed as figures with diametrically opposed features, none of which overlap or congeal, both the images are portrayed as real (buttressed by the testimony of witnesses) rather than constructed. The jury is expected to render a verdict that accepts one and rejects the other: there is no middle ground.
Download or read book Ag Decision Maker written by and published by . This book was released on 2002 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Valuing Health Risks Costs and Benefits for Environmental Decision Making written by National Research Council and published by National Academies Press. This book was released on 1990-02-01 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Why Congress Needs Women written by Michele A. Paludi and published by Bloomsbury Publishing USA. This book was released on 2016-01-18 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses women's civil strategies for negotiation and leadership through careful analysis of social science research and management theory as well as interviews with women legislators, documenting how women in Washington are affecting the development of the world at all levels. In October 2013, after the war between Republican and Democratic men in Congress resulted in a government shutdown, Time magazine referred to the women legislators as "the only adults left in Washington." In Why Congress Needs Women: Bringing Sanity to the House and Senate, editor Michele A. Paludi and various contributors explain how women in Washington have redefined leadership and power by embracing a transformational leadership style: a style that incorporates empowerment, ethics, nurturance, inclusiveness, and social justice, transcending their own self-interests for the good of the group—or, in the case of the shut-down, for the good of the nation. A resource that will prove invaluable for anyone interested in politics and leadership as well as students taking courses in politics, women's studies, gender studies, or management, the chapters provide an in-depth review of the ways women in Washington are striving to find lasting solutions to our nation's challenges. The contributors document the mindset and methodologies women legislators are using to achieve their legislative goals and work toward creating gender-equitable environments in Washington's well-established climate where bullying, harassment, and sexual exploitation is perceived as normative. Insights from interviews with women senators and congress members enhance the scholarship discussed in this book.
Download or read book Principles of Management written by David S. Bright and published by . This book was released on 2023-05-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Black & white print. Principles of Management is designed to meet the scope and sequence requirements of the introductory course on management. This is a traditional approach to management using the leading, planning, organizing, and controlling approach. Management is a broad business discipline, and the Principles of Management course covers many management areas such as human resource management and strategic management, as well as behavioral areas such as motivation. No one individual can be an expert in all areas of management, so an additional benefit of this text is that specialists in a variety of areas have authored individual chapters.
