Large budget deficits represent a burden on the future, and debt accumulation eventually poses great problems. Economists writing for the public can either highlight such truths, neglect the issue, or try to allay worries or excuse or justify large budget deficits (as anti-recession policy, for...

The paper highlights the importance of the representativeness of survey samples, using the 1992 British Crime Survey as an example. The success with which different demographic characteristics are represented in the survey sample is addressed by comparison to the 1991 Census Small Area...

The way the researcher enters the research field can constitute a privileged mode of observing the structure and qualities of the research field, particularly in qualitative sociological inquiries. In the process of the initial contact of the researcher with a social place, especially in those...

Tail index estimation depends for its accuracy on a precise choice of the sample fraction, i.e., the number of extreme order statistics on which the estimation is based. A complete solution to the sample fraction selection is given by means of a two-step subsample bootstrap method. This method...

This paper uses personnel data gathered from a large financial sector firm to examine the idea of biased contests. The pattern of scores attained by individual workers in performance ratings is used to explain the probability of subsequent promotion within the organisation. Initial empirical...

Purpose – The purpose of this paper is to discuss sheepskin effects in Colombia based on repeated cross‐section or pseudo panel data using cohorts in seven larges cities in Colombia. Design/methodology/approach – A Pseudo Panel Data methodology is used as the basis for determining and...

Purpose – This paper aims to use Lean Six Sigma (LSS) and consumption mapping concepts to develop a disciplined methodology for a self-directed investor so that adverse decision-making behaviors are avoided. Classical financial theories assume that individuals maximize expected utility by...

Purpose The purpose of this paper is to highlight the prominent cognitive biases that influence Lean practices in organisations that have a multi-cultural work environment which will aid the organisational managers and academics in enhancing the understanding of the human thought process and...