Book Description
This book introduces a new generation of statistical econometrics. After linear models leading to analytical expressions for estimators, and non-linear models using numerical optimization algorithms, the availability of high- speed computing has enabled econometricians to consider econometric models without simple analytical expressions. The previous difficulties presented by the presence of integrals of large dimensions in the probability density functions or in the moments can be circumvented by a simulation-based approach. After a brief survey of classical parametric and semi-parametric non-linear estimation methods and a description of problems in which criterion functions contain integrals, the authors present a general form of the model where it is possible to simulate the observations. They then move to calibration problems and the simulated analogue of the method of moments, before considering simulated versions of maximum likelihood, pseudo-maximum likelihood, or non-linear least squares. The general principle of indirect inference is presented and is then applied to limited dependent variable models and to financial series.
Customer Reviews:
A very disappointing book: extremely complicated.......2001-03-20
Christian Gouriéroux is maybe the best French econometrician. In particular, his last discovery, the indirect inference, seems to be a very clever way of solving the problem of highly complicated likelihood functions. But in this book, only 4 pages are dedicated to present the subject, and they are filled with over complicated mathematical formulas and a very short explanation. The notations are extremely complicated for economists (at least for myself) and, if you don't have a very solid mathematical background, you'll feel lost from the beginning until the last one. Nor undergraduate economics students neither graduate applied econometricians should feel comfortable with the style of the book. I guess only professional researchers are aimed by this book. It's rather disappointing, because the array of subjects are very interesting and the author is a great econometrician.
Wonderful Introduction to the Topic.......2000-04-21
A truly wonderful book. If you like simulation-based methods or you are just interested in learning about the frontier in econometrics, buy this book. You are not going to find a better introduction or a clearer description of issues
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Simulation-based Inference in Econometrics: Methods and Applications
Manufacturer: Cambridge University Press
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Discrete Choice Methods with Simulation
ASIN: 0521591120 |
Book Description
Simulation-based inference (SBI) is the fastest growing area of research in modern econometrics. The techniques of SBI are widespread among scholars and researchers, and have become a staple part of undergraduate and postgraduate research programs. In this volume, Mariano, Schuermann, Weeks and their contributors provide an overview of the applications and techniques at the cutting edge of the subject, as well as a comprehensive survey of the existing literature. The contributions include important new essays by many of the leading figures currently working in econometrics.
Book Description
This digital document is a journal article from Journal of Econometrics, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
We highlight a fast subsampling method that can be used to provide valid inference in nonlinear dynamic econometric models. This method is based on the subsampling theory proposed by Politis and Romano[A general theory for large sample confidence regions based on subsamples under minimal assumptions, Technical Report 399, Dept of Statistics, Stanford University; Large sample confidence regions based on subsamples under minimal assumptions. Annals of Statistics 22, 2031-2050]. Fast subsampling directly exploits score functions computed on each subsample and avoids recomputing the estimators for each of them. This method is used to approximate the limit distribution of estimators, possibly simulation based, that admit an asymptotic linear representation with both known and unknown rates of convergence. Monte Carlo experiments demonstrate the desirable performance and vast improvement in the numerical speed of the fast subsampling method.
Book Description
This digital document is a journal article from Journal of Econometrics, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
One- and two-factor stochastic volatility models are assessed over three sets of stock returns data: S&P 500, DJIA, and Nasdaq. Estimation is done by simulated maximum likelihood using techniques that are computationally efficient, robust, straightforward to implement, and easy to adapt to different models. The models are evaluated using standard, easily interpretable time-series tools. The results are broadly similar across the three data sets. The tests provide no evidence that even the simple single-factor models are unable to capture the dynamics of volatility adequately; the problem is to get the shape of the conditional returns distribution right. None of the models come close to matching the tails of this distribution. Including a second factor provides only a relatively small improvement over the single-factor models. Fitting this aspect of the data is important for option pricing and risk management.
Book Description
This comprehensive resource will help hospitals and health systems be better prepared to deal with whatever emergencies come their way. Crisis Communications in Healthcare covers everything from developing crisis communications plans to debriefing after the crisis is over. Special chapters are devoted to crisis-specific media relations and internal communications. Tools, tips, and templates are in abundance throughout, along with sample policies and procedures. The book also features 17 case studies in which healthcare communications practitioners share their experiences guiding their hospitals and health systems through all sorts of crises--from strikes to school bus accidents and hurricanes to hospital evacuations. Chapters include: Planning for a Crisis, Crisis Communications: The Basics, Media Relations in a Crisis, Internal Communications in a Crisis, and After the Crisis Is Over.
Book Description
Crisis occur every day: an airplane crashes into a mountain, a corporation lays off thousands of workers, an oil spill threatens an ecosystem. Such crisis can be devastating, resulting in tragic and sometimes fatal outcomes for individuals, organizations, the organizations’ stakeholders, and even entire industries.
Author W. Timothy Coombs explains how crisis management can prevent or reduce the threats of a crisis, providing guidelines for how best to act and react in an emergency situation. Drawing on firsthand experience in crisis management, Coombs provides detailed explanations about preparing for crises, detecting crisis, and preventing crisis. Each aspect of the crisis is discussed from pre-crisis stage to evaluation of crisis management efforts and post-crisis actions--with the ultimate goal of saving lives, reputations, and financial resources.
A truly integrative and comprehensive text,
Ongoing Crisis Communication is a crucial resource for those interested in practicing, researching, or teaching crisis management.
Customer Reviews:
An important college-level guide .......2007-09-02
This new second edition of a classic updates crisis examples and case studies but retains its multi-disciplinary coverage to provide an integrated approach to crisis communication and the entire management process. The author uses three stages - precrisis, crisis, and postcrisis - to example how crisis management can prevent or reduce threats, offering practical guidelines suitable for emergency applications. An important college-level guide for both undergrad and graduate courses in public relations, management, or crisis communications.
The best guide to crisis management.......2001-02-24
As both a student and professional of crisis management and communication, I have read countless articles and books on the topic. After a while, they all start to sound alike, and you can begin to wonder whether there's really anything new and insightful out there.
This book is it.
The author compiles research from a vast number of fields, as well as adding some of his own analysis resulting from a distinguished professional and academic career. The final product is the best "holistic" guide to crisis management I've ever read. Although it is a slim volume, it took me a couple of weeks to read, take notes, and reflect on the contents--it's that densely packed with ideas and information.
I personally found that it re-sparked my excitement and enthusiasm for this complex, challenging field.
Book Description
From tragic accidents to public relations fiascos, we live in an increasingly crisis-ridden society. In fact, half of the major industrial accidents of the past century occurred in the last 20 years.
Incidents such as Bhopal and the Exxon Valdez have become embedded in our consciousness, cultural icons of the worst sort. Other crises, less devastating but with serious impact on their businesses, occur almost daily. Why is this-- and what can be done to reverse this disturbing trend?
According to Ian Mitroff, one of the world's leading experts on crisis management, the rise in the crisis rate is due to an ingrained "it-can't happen- to-us" mentality--which, in turn, leads to a total lack of preparedness for crises. His solution? Find out in MANAGING CRISES BEFORE THEY HAPPEN. This fascinating book provides readers with a powerful framework that will help them:
* Recognize the early warning signals that almost always precede a crisis * Focus on the big picture, not just the details * Avoid becoming either the victim or the villain in a crisis situation * Understand the importance of personal character, corporate culture, and thinking outside the box to effective crisis management * Learn from one crisis things that can prevent or ameliorate the next.
Customer Reviews:
Nice, but very academic.......2003-07-27
This book is well concieved, but obviously written by someone who has an academic background. The author cites lots of facts and examples, but never really takes the "how to" steps I'd expect from someone who has actually done what he's writing about.
I'd recommend Blindsided by Bruce Blythe instead. It has a tilt to the human side of crises, but is very well done and includes many practical tips. I've actually lost consulting engagements because his book gave too many trade secrets away!
Long on Promise.......2002-02-07
Another good volume in the never-ending monday morning quarterback look at other companies' crises. This book, however, does not deliver on its promise of helping business manangers anticipate or prevent crisis...there are only a few hundred words of abstract advice on this topic. Most of the book is a rehash of publicly-known crises that the author then explains to us after the fact. There is little information to help managers actually find internal or external trouble spots and respond preemptively, other than vignettes about actions a company might have done differently...the old monday morning crisis prevention.
Managing Crises: Short on Substance.......2001-01-12
Managing Crises has helpful checklists of things to consider and the author's Rules for dealing with crises but it is short on convincing analysis. For example, one Rule is that all crises "send out a repeated trail of early warning signals." This is probably true in many, if not most cases, but the author fails to provide a convincing analysis that it is true for all or almost all cases. The Tylenol crisis is the books primary example, but the book fails to analyze what the early warning signals were for the Tylenol crises that the manufacturer failed to detect and act on. The book is higher on salesmanship (promoting the author's business?) than on substance.
Anticipate, Prepare, and Respond.......2000-11-14
Mitroff (with Anagnos) explains "what every executive and manager needs to know about crisis management." He correctly asserts that crises occur because "a significant amount of the overall system fails. Thus, CM is inherently the process of seeing and dealing with larger, whole systems." Moreover, "The basic or most central problem is that [because it goes sharply against the grain of of current management thought and practice] it requires cultural acceptance, and unfortunately, in the vast majority of cases, major cultural transformation." The material is organized as follows:
Chapter One: Why Crises Are an Inevitable and Permanent Feature of Modern Societies
Chapter Two: The Failure of Success: The Tylenol Poisonings, Crisis Management's "Ancient History"
Chapter Three: A Best Practice Model: A General Framework for Crisis Management
Chapter Four: Should We Tell the Truth? The Varieties of Truth and Telling the Truth
Chapter Five: Assuming Responsibility: Victim or Villain?
Chapter Six: Detecting Weak Signals: Making Sure That You Are the First to Get the Worst News!
Chapter Seven: Thinking Far Outside of the Boxes
Chapter Eight: Treating the Big Picture
Chapter Nine: Crisis Management 2002: The Challenges Ahead
In The Art of War, Sun Tzu asserts that every battle is won or lost before it is fought. Hence the great importance Mitroff assigns to anticipation and preparation. I think his book would have even greater value if read in combination with Peter Schwartz's The Art of the Long View. Given the importance of this subject to any organization (regardless of its size or nature), I also recommend Steven Fink's Crisis Management.
When concluding his book, Mitroff offers these suggestions: "Start by designing and implementing signal detection [ie early warning] mechanisms throughout your organization. Start by amplifying the signals that already exist in your organization of impending crises. In many cases, the databases that indicate signals of impending crises may already exist, but they need to be reconceptualized to show their relationship to CM." Sound advice. But ultimately, even the most comprehensive and sophisticated CM system cannot predict or suggest, much less prevent, every crisis. Once a crisis occurs, one of the most important questions Mitroff answers is "Now what?" That answer alone is well-worth the cost of this important book.
Customer Reviews:
Nice checklist, but..........2007-03-30
As a UK negotiator trainer, I was expecting something slightly more from this book. It covers all the essentials comprehensively, albeit in a brief, checklist format. Psychologists love giving labels to everything, and some of the techniques involved are sub-divided into a list of tags which are over-complicated and occasionally repetitive. Some of the labels themselves differ from what is currently being taught,(in the UK at least) so that the reader has to make the link between what is in the book and what he/she has been trained to. Very occasionally, too, phrases quoted as proper to use would not, frankly, be regarded as acceptable over here!
The actual psychological side of matters, particularly around personality, is also geared towards the US market, in which 'higher level' issues surrounding terrorism do not (yet) exist and are , consequently, glossed over.
Because it is so sketchy, this is not a book for anybody wanting a do-it-yourself from scratch manual. It is, however, a useful reference/aide-memoire for trained negoatators and I have welcomed it to my library.
Book Description
From the Enron scandal to the Ebola virus scare, from oil spills to acts of terrorism, crises scar our age. And whether it's an expensive product recall or a deadly airplane crash, any crisis can turn into chaos-unless there's an effective management response plan in place.
All Crises Are Global provides the basics of an effective crisis-management plan. Marion Pinsdorf gives managers the tools and sensitivity to deal with the catastrophic effects of a crisis-whether it touches on the organization itself, the media, competitors, partners, government, or victims. Filled with real-world examples of successes and failures (from the Arthur Andersen meltdown to the attacks of September 11), Pinsdorf shows how to plan for, manage, monitor, and mitigate the effects of crises large and small.
Spread instantaneously to a litigious world by global media, crises can no longer be contained or controlled-only anticipated and managed. Executives can manage the impact of even large-scale events by quickly taking responsibility for the human and financial costs of an organization's mistakes.
Pinsdorf provides techniques for building smart organizations that react quickly before problems escalate into crises. Practical, tested, and wise, this book helps all managers look for trouble spots and deal with them effectively.
"Marion Pinsdorf . . . is able to counsel today's harried business leaders from perspectives no one else can offer. By combining what we can learn from the past with modern techniques and creative problem solving strategies, Dr. Pinsdorf shows how we can find new positive ways to take some of the 'hiss' out of the word crisis."-John W. Felton, President and CEO, Institute for Public Relations
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Managing Business Crises: From Anticipation to Implementation
John Burnett
Manufacturer: Quorum Books
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Binding: Hardcover
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ASIN: 156720404X |
Book Description
Truly effective crisis management is--or should be--proactive. Burnett uses this guiding concept to offer managers in organizations of all types and sizes a system for handling crises more soundly, and with greater dexterity. He puts crises on a continuum, with minor events at one end and catastrophes at the other, creating a universal matrix that can be overlaid onto businesses of any kind. Burnett's methods of crisis management are already well recognized and are analogous to other types of management processes. This book focuses on managing crises proactively, but also includes the more common reactive strategies. Burnett begins by discussing the history and traditional concepts of crisis management, offering a rationale for adopting his own notions of proactive strategy. Chapters provide readers with a set of tools for classifying crises in any type of company. This book will add a new dimension to our understanding of what crises really are, how to evaluate them, and ultimately how to respond to and cope with them more successfully.
Book Description
The first four articles in this five-part monograph provide insight and perspective into difficult and challenging crisis communication issues:
1. How do we get the boss to buy into crisis communications planning?
2. Is there a simple, direct, and positive crisis response planning process that works?
3. When do we send the boss out to meet the press (and how do we get him or her back again)?
4. How do we maintain our place on the consulting team when legal issues are involved?
The fifth article deals with one of the most explosive topics facing corporate managers and communicators today: Managing the Violent Threat.
Two invaluable, unique flowcharts are included: Civil Court Procedures and Criminal Court Procedures.
Book Description
This digital document is an article from State Legislatures, published by National Conference of State Legislatures on April 1, 2002. The length of the article is 2581 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: Be prepared: Communicating in a crisis; the success or failure of managing a crisis depends upon the ability to communicate effectively--even within a legislature.
Author: William Wyatt
Publication:
State Legislatures (Magazine/Journal)
Date: April 1, 2002
Publisher: National Conference of State Legislatures
Volume: 28
Issue: 4
Page: 31(4)
Distributed by Thomson Gale
Book Description
This digital document is an article from Ivey Business Journal Online, published by Thomson Gale on March 1, 2006. The length of the article is 3275 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: Crisis communications: managing corporate reputation in the court of public opinion.
Author: David Weiner
Publication:
Ivey Business Journal Online (Magazine/Journal)
Date: March 1, 2006
Publisher: Thomson Gale
Page: 1(6)
Distributed by Thomson Gale
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