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  • 1
    Electronic Resource
    Electronic Resource
    Springer
    Psychopharmacology 48 (1976), S. 53-58 
    ISSN: 1432-2072
    Keywords: Marijuana ; Delta-9-tetrahydrocannabinol ; Nonverbal communication ; Cooperative conditioning ; Heart rate
    Source: Springer Online Journal Archives 1860-2000
    Topics: Medicine
    Notes: Abstract Male rhesus monkeys were trained to perform an instrumental avoidance conditioned response. They were then paired in the “cooperative conditioning” paradigm, a situation designed to measure the quality of nonverbal communication by changes in facial expression. A “responder monkey” was able to perform discriminated instrumental avoidance responses by processing facial expressive cues provided through a closed circuit television picture of a “stimulus monkey” which was receiving presentations of the conditioned stimulus. Oral administration of 1.0 mg/kg of delta-9-tetrahydrocannabinol (delta-9-THC) to the stimulus animal, the responder, both animals, or neither animal was given in all possible combinations of pairings to determine if delta-9-THC affects the expressiveness of the stimulus monkey or the sensitivity of the responder to the expressions of others. The drug impaired the display of facial expression in “stimulus” subjects but enhanced the ability of “responders” to discriminate the expressions of their partners. Measures of heart rate during cooperative conditioning revealed that delta-9-THC lowered cardiac rates of responder monkeys.
    Type of Medium: Electronic Resource
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  • 2
    ISSN: 1573-7179
    Keywords: Initial public offerings ; underpricing ; adverse selection
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract In this paper we generalize Rock's theory regarding the underpricing of IPOs. In Rock's model, informed investors have a firm-specific informational advantage pertaining to a firm's cash flow. We derive the new results that the level of beta and the size of the market risk premium positively affect underpricing. These implications extend the adverse selection theory and further distinguish this theory from the current state of signalling theories of underpricing. The results put the “hot and cold” issue markets phenomenon in a theoretical context. Empirical results are consistent with the theoretical propositions and provide support for Rock's theory of underpricing.
    Type of Medium: Electronic Resource
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