Competitive advantage in algorithmic trading: a behavioral innovation economics approach

PurposeThis paper investigates the strategic behavior of algorithmic trading firms from an innovation economics perspective. The authors seek to uncover the sources of competitive advantage these firms develop to make markets inefficient for them and enable their survival.Design/methodology/approachFirst, the authors review expected capability, a quantitative behavioral model of the sustainable, or reliable, profits that lead to survival. Second, they present qualitative data gathered from semi-structured interviews with industry professionals as well as from the academic and industry literatures. They categorize this data into first-order concepts and themes of opportunity-, advantage- and meta-seeking behaviors. Associating the observed sources of competitive advantages with the components of the expected capability model allows us to describe the economic rationale these firms have for developing those sources and explain how they survive.FindingsThe data reveals ten sources of competitive advantages, which the authors label according to known ones in the strategic management literature. We find that, due to the dynamically complex environments and their bounded resources, these firms seek heuristic compromise among these ten, which leads to satisficing. Their application of innovation methodology that prescribes iterative ex post hypothesis testing appears to quell internal conflict among groups and promote organizational survival. The authors believe their results shed light on the behavior and motivations of algorithmic market actors, but also of innovative firms more generally.Originality/valueBased upon their review of the literature, this is the first paper to provide such a complete explanation of the strategic behavior of algorithmic trading firms.

Understanding Parents’ Experiences with Children with Type 1 Diabetes: A Qualitative Inquiry

Parenting is often described as a stress-inducing experience, which can be further complicated or made more stressful and anxiety-inducing when parenting children with chronic conditions such as type 1 diabetes (T1D). The incidence of T1D among children has risen and continues to rise globally, resulting in a need to understand the experiences of parenting children with T1D. The purpose of this qualitative inquiry was to explore the lived experiences, and the meaning ascribed to those experiences, of being a parent of a child with T1D. This qualitative study was conducted through an interpretivist paradigm and includes the experiences of 29 parents (19 mothers and 10 fathers) of 24 children (aged 6 to 15 years) with T1D. Parents, and parent dyads, completed demographic questionnaires and written prompts, and participated in focus group interviews. Three themes were developed from the data, namely, a) the costs of T1D, b) the ultimate helicopter mom, and c) dealing with “being different”. Generally, the participants reported on the direct (e.g., financial and time) and indirect (e.g., family planning) costs associated with parenting children with T1D, their role as a primary provider and anxieties with relinquishing control and dealing with the stigma surrounding a diabetes diagnosis. Unique findings from this study included the impact a T1D diagnosis had on future family planning as parents navigated the fear and uncertainty of having additional children with T1D, as well as the internal conflict parents had with entrusting others to care for their child, especially if they deemed them to be unqualified or unnecessarily stigmatizing or ostracizing their child.

La mediación de conflictos y sus aportaciones al cambio sociocultural de la familia mexicana

Mexican families have experienced constant changes since the last century, mainly related to the composition of families, roles attributed to each member, especially gender roles, and the bonding process among generations coexisting in a living unit. In addition, there are other changes related to larger-scale social change phenomena, such as migration from rural to urban areas and migration abroad that has divided families. And the cultural diversity of the country is characterized by contradictions between traditional behaviour and the modern Mexican context. All these changes represent challenges to 21st-century families who must search for strategies to favour personal interactions and their relationship with a changing context. A key element to maintaining family well-being is communication needed to express needs, demonstrate affection and bond, and is essential to peaceful conflict management. In this regard, alternative conflict resolution methods, particularly mediation, are considered helpful mechanisms to enhance communication among family members. Through mediation, an impartial third party assists families to improve and implement their communication abilities aimed at decision making and internal conflict management. Therefore, mediation is a significant resource to develop intrafamily communication and to strengthen healthy family development. El cambio social de la familia mexicana es una constante que acompaña los procesos de transformación social desde el Siglo XX hasta la actualidad. El cambio social en la familia se constata principalmente en la configuración familiar o arreglos familiares; los roles atribuidos a cada miembro, especialmente de género; y en los procesos de vinculación intergeneracional en las unidades de convivencia. Pero, además de estos elementos, se consideran determinantes y, en cierto modo característicos de las familias mexicanas, los que refieren a los fenómenos migratorios que han dividido familias; los procesos de traslado del espacio rural a las ciudades; así como la diversidad étnica como elemento garante de las tradiciones culturales a pesar de la continua contradicción con el contexto mexicano más moderno. Todos estos cambios suponen un importante reto para las familias del siglo XXI que deberán esforzarse para buscar estrategias que favorezcan sus interacciones personales y su relación con el contexto cambiante en el que se desarrollan. Un elemento clave para el mantenimiento del bienestar familiar es la comunicación familiar interna, que servirá de base para la transmisión de necesidades, la demostración del afecto y el vínculo, además de mecanismo para la negociación de conflictos de forma pacífica y constructiva. Para potenciar la comunicación en la familia, los Métodos Alternos de la Solución de Conflictos, en particular la Mediación, se conciben como un espacio neutral donde la familia será asistida por un tercero imparcial para desarrollar, mejorar e implementar sus habilidades comunicativas dirigidas a la toma de decisiones conjunta para la gestión de conflictos internos. Así pues, la Mediación contribuye como recurso externo al desarrollo de la comunicación intrafamiliar para lograr el fortalecimiento familiar y su desarrollo positivo.

The Conflict of Realism and Surrealism in Anime Movies – Taking the Works of Hayao Miyazaki as Examples

Anime movie is a branch of cinematics. Unlike traditional movies, anime movies stand out with special characteristics in terms of how they shape the personality of the characters and how they portray the inner world of those characters. “Realism” and “surrealism” are important elements in anime movies to portray the stories. In this article, the special aesthetic of anime movies is analyzed using the works produced by Hayao Miyazaki. The internal conflict between “realism” and “surrealism” is analyzed in order to understand the character image and story theme in an in-depth manner.

Pandemi dan Pemenuhan Hak Anak: Studi Kasus Peran Unicef di Yaman pada Masa COVID-19

Covid-19 outbreak that was discovered in China in December 2019 has crippled the world economy and caused the delivery of humanitarian aid to Yemen to be hampered. In addition, there are still wars that cause damage to health facilities. The war, the Covid-19 pandemic, and Cholera disease are adding to the devastating effects on growing children in Yemen. UNICEF, as an IGO that focuses on children, reports that in 2020 there were approximately 34 cases of child abuse and attacks on educational facilities involving children. This research describes the role of UNICEF in Yemen from 2019 to 2020 in fulfilling children’s rights due to 3 disasters, namely Covid-19, internal conflict, and cholera that occurred in the country. This research looks at the role of international organizations as aid providers which is manifested in the form of Humanitarian Assistance. As a descriptive study, data for this research is collected from 2019 to 2020, including reports from The UNICEF, the WHO website, the UN website, and various verified mass media. UNICEF's role in the form of Humanitarian Assistance in Yemen is manifested in 5 programs: education, child protection, nutrition, health and sanitation. Keywords: UNICEF, Yemen, Humanitarian Assistance, Covid-19 Pandemic, Children’s Rights.

Tech will heavily shape Myanmar’s internal conflict

Significance On the contrary, since May, when the anti-junta National Unity Government (NUG) formed a military wing, fighting has spread nationwide. The most critical arena in the conflict is online space: both sides have effectively weaponised mobile technology and the internet. Impacts Internet shutdowns will impede COVID-19 public health programmes, risking further transmission of infection across borders. International human rights groups will not call for sanctions against tech companies because that would further hinder the opposition. Chinese surveillance technology will be a critical resource for the junta.

Struggle of Vested-Interests on Type-C Mining Digging in Sebudi Village, Karangasem Bali

The application of regional autonomy in accordance with Article 10 of Law no. 22 of 1999 gave local governments the authority to manage natural resources, especially excavation C mining. The management of mineral C excavation in Sebudi Village will certainly have a positive impact and a negative impact on the community. The problems that then arise are that miners often violate the rules, causing damage that has an impact on the surrounding community, causing conflicts between corporations (miners) and the community. The purpose of this study was to determine the conflict and community resistance to the type-C excavation in Sebudi Village. This study uses interpretative qualitative methods through interviews, observations, and document studies. The results of this study indicate that there has been an internal conflict between the community and the miners. The conflict emphasizes the existence of unclear land tenure rights. This lack of clarity triggers small-scale disintegration triggered by the struggle for inheritance over land ownership which causes family ties to become more tenuous, resulting in mutual claims. The existence of mutual land ownership claims between families has an impact on the lack of clarity in the accountability of the land according to its rights and obligations (land certificates), thus causing uncertainty in paying taxes to the state or government. The absence of a land certificate is also one of the obstacles in managing the type-C excavation business permit which must be based on a land certificate.

The "Meek" and "Proud" Types of Female Images in the Works of F.M. Dostoevsky: A Study of the Question of Virtue

The article analyzes the types of "meek" and "proud" female images in the works of F.M. Dostoevsky in connection with the typologies of the images of the writer among the literary critics N.A. Dobrolyubov, V.F. Pereverzev and A.A. Gizetti. The article refers to the classical authors of the early critical understanding of Dostoevsky's works, who divided female images into two opposite types of the "meek" and "proud". At the same time, the article emphasizes the idea that in Dostoevsky's polyphonic world every literary hero has a multidimensional consciousness, which is why the direct dichotomous division into the "proud" and "meek" can only be a rough generalization. The first part of the article examines the typologies of N.A. Dobrolyubov, as well as one of V.F. Pereverzev, who creates the most ambitious and significant typology, considering female images. He sensitively notices the ambiguity and tragedy of Dostoevsky's heroines and introduces the term "the doppelgngerwoman" into the typology of female images, on the basis of which each heroine somehow contains a certain internal conflict, the solution of which in the course of a novel allows her character to develop towards one of the indicated subtypes. The second part of the article analyzes the typology of A.A. Gizetti, who in his research focuses on such type of Dostoevsky's female images as the "proud", highlighting a new, "mysterious" subtype of the Dostoevsky's proud heroine. In the performed comparison of "meek" and "proud" types of female images it is considered to distinguish positive and negative ethical meanings of them. The article formulates conclusions about the various subtypes of "meek" and "proud" characters in the writer's artistic world, and outlines the grounds for further system of understanding of meekness and pride on a scale of correlation with vice and virtue.

THE CONCEPT OF ANXIETY / ANXIOUSNESS IN THE PRIVATE SPHERE OF SERHIY ZHADAN’S NOVEL CHARACTERS («MESOPOTAMIA», «BOARDING SCHOOL»)

The article focuses on the study of artistic ways of expressing the types of human anxiety that is manifested in private experiences of the characters of Serhiy Zhadan’s novels «Mesopotamia» and «Boarding School». It is established that the prose writer embodied various types of anxiety – basic, catastrophic, neurotic – which arise in crisis life situations of the characters and are related primarily to the unconscious protective mechanisms of their psyche. It was found out that the private anxieties of Zhadan’s novel characters are most often expressed in intrinsic impulses of aggressive or sexual nature (Romeo, Oleg), past experiences, fear of responsibility, inferiority complex (Pasha, Yura), fear ofpunishment (Mario) or threats from the environment (Yura), a neurotic desire to compensate for one’s own inferiority in the sphere of personal ambitions (Bob) or power over others (Marat). As one of the most prominent artistic embodiments of the psychology of anxiety, the reasons for its emergence and the reflection of the subjective mechanisms of its development, the author of the article identifies the structure of the characters: Marat and Sonya – as the embodiment of a whole bunch of neurotic anxieties, involving the existence of internal conflict, disruption of interpersonal relationships with a clear manifestation of aggressive (criminal or sexual) behavior;Yura, whose behavior reveals symptoms of catastrophic anxiety where his feeling of threat from everywhere leads to his own existence being threatened; children (Sasha and Pasha in the memories of their childhood from the «Boarding School», Dasha’s son from «Mesopotamia») as carriers of basic anxieties arising from childhood due to a number of misunderstandings with the adult world, which further provokes the feelings of their personal inferiority, behavioral anomalies etc. It is emphasized that the nature of the characters’ anxiety and anxiousness is somewhat irrational, that it is always «intrinsic», and that bodily symptoms – the visible «body language» – play a significant role in the reflection of the «invisible language» of feelings.

How Costing and Funding Systems Create Institutional Tensions Between Management and Medical Personnel in The Public Health Care Sector

<p>This research examines the conflicting relationship between management and medical personnel in the New Zealand Public Health Sector with regard to costing and funding systems. Due to the lack of research into small DHBs, this research focuses on small hospitals as they face unique circumstances not experienced by larger hospitals, to discover potential areas where costing and funding systems cause conflict, the reasons for this conflict and to provide possible solutions to prevent or mitigate this conflict. The method employed is a qualitative exploratory case study of one DHB utilizing a two phased semi-structured interview approach. A total of 10 interviews were conducted and analysed. Three main areas from which conflict arises were identified: the costing system within the case hospital, the Population-based funding system and Inter-district flows. Each area is investigated from the perspectives of management and medical staff, using Institutional Theory and the concept of legitimacy. The institutional theory lens is used to identify and separate the interviewees into three groups based on their competing institutions. Each group’s answers were then compared to find reasons as to why there was conflict. Three core reasons for the conflict were identified: ineffective communication, lack of trust in management and the costing and funding systems themselves. Much of the tension is because of misconceptions, limited knowledge and poor communication leading medical personnel to feel that management does not respect their opinions and management to believe that medical personnel are unwilling to cooperate with them. This research also determined that the institution of management that focuses on costs and economic use of resources and the institution of medical personnel which is patient focused, are necessary to the operation of a public hospital. Though it can be a difficult to balance, the ideal situation would be for these institutions to work in harmony and perhaps eventually merge. Suggestions are given for reducing internal conflict between management and medical personnel and it is hoped this research offers a starting point for future research into improving both the costing and funding systems and the internal relationships between management and medical staff.</p>