Recent evidence indicates irrational behavior among retail investors. They hold onto losses
and sell winners in a manner consistent with the disposition effect. Market professionals …

Financial market transaction costs are of general interest to academic researchers, as well
as being of particular interest with regard to the optimal design and regulation of market …

We examine the effects of the closing of the New York Stock Exchange (NYSE) on volatility
and price changes in the Standard & Poor's (S&P) futures market, which trades for 15 more …

This paper was prepared for presentation at the Conference on Nonlinear Dynamics and
Econometrics, UCLA, 5–6 April, 1991, under the title ‘Information and chronological time effects …

This article offers an empirical view of scalper behavior. It extends the research begun by
Working (1967, 1977) and Silber (1984) by using a more extensive

… The Conduct was published by Peter King in his posthumous edition of some of Locke’s
works in 1706. As Locke was composing these works, some of the material from the Conduct …

We examine the relation between futures trade duration and profitability, volatility, and volume.
The duration of unprofitable trades is longer than that for profitable trades across the day, …

This article examines the provision of liquidity in futures markets as price volatility changes.
We find that customer trading costs do not increase with volatility. However, for three of the …

… Locke and Australia, a connection which in the last few decades has become far more robust.
Locke… has been making its presence felt in Locke scholarship. It was fitting, therefore, that …

… to look anew at Locke’s writings on natural philosophy, with special reference to his Essay
concerning Human Understanding, and to present a fresh analysis of Locke’s philosophical …