Land Of Addicts

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Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Behavior

Author : Xiaohong Chen
Publisher :
ISBN 13 :
Total Pages : 59 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Behavior by : Xiaohong Chen

Download or read book Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Behavior written by Xiaohong Chen and published by . This book was released on 2010 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the ability of a general class of habit-based asset pricing models to match the conditional moment restrictions implied by asset pricing theory. We treat the functional form of the habit as unknown, and to estimate it along with the rest of the model's finite dimensional parameters. Using quarterly data on consumption growth, assets returns and instruments, our empirical results indicate that the estimated habit function is nonlinear, the habit formation is better described as internal rather than external, and the estimated time-preference parameter and the power utility parameter are sensible. In addition, the estimated habit function generates a positive stochastic discount factor (SDF) proxy and performs well in explaining cross-sectional stock return data . We find that an internal habit SDF proxy can explain a cross-section of size and book-market sorted portfolio equity returns better than (i) the Fama and French (1993) three-factor model, (ii) Lettau and Ludvigson (2001) scaled consumption CAPM model, (iii) an external habit SDF proxy, (iv) the classic CAPM, and (v) the classic consumption CAPM.

Land of Addicts?

Author : Xiaohong Chen
Publisher :
ISBN 13 :
Total Pages : 59 pages
Book Rating : 4.:/5 (249 download)

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Book Synopsis Land of Addicts? by : Xiaohong Chen

Download or read book Land of Addicts? written by Xiaohong Chen and published by . This book was released on 2004 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the ability of a general class of habit-based asset pricing models to match the conditional moment restrictions implied by asset pricing theory. We treat the functional form of the habit as unknown, and to estimate it along with the rest of the model's finite dimensional parameters. Using quarterly data on consumption growth, assets returns and instruments, our empirical results indicate that the estimated habit function is nonlinear, the habit formation is better described as internal rather than external, and the estimated time-preference parameter and the power utility parameter are sensible. In addition, the estimated habit function generates a positive stochastic discount factor (SDF) proxy and performs well in explaining cross-sectional stock return data . We find that an internal habit SDF proxy can explain a cross-section of size and book-market sorted portfolio equity returns better than (i) the Fama and French (1993) three-factor model, (ii) Lettau and Ludvigson (2001) scaled consumption CAPM model, (iii) an external habit SDF proxy, (iv) the classic CAPM, and (v) the classic consumption CAPM

In the Realm of Hungry Ghosts

Author : Gabor Maté, MD
Publisher : North Atlantic Books
ISBN 13 : 1583944206
Total Pages : 522 pages
Book Rating : 4.5/5 (839 download)

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Book Synopsis In the Realm of Hungry Ghosts by : Gabor Maté, MD

Download or read book In the Realm of Hungry Ghosts written by Gabor Maté, MD and published by North Atlantic Books. This book was released on 2011-06-28 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: A “thought-provoking and powerful” study that reframes everything you’ve been taught about addiction and recovery—from the New York Times–bestselling author of The Myth of Normal (Bruce Perry, author of The Boy Who Was Raised as a Dog). A world-renowned trauma expert combines real-life stories with cutting-edge research to offer a holistic approach to understanding addiction—its origins, its place in society, and the importance of self-compassion in recovery. Based on Gabor Maté’s two decades of experience as a medical doctor and his groundbreaking work with people with addiction on Vancouver’s skid row, this #1 international bestseller radically re-envisions a much misunderstood condition by taking a compassionate approach to substance abuse and addiction recovery. In the same vein as Bessel van der Kolk’s The Body Keeps the Score, In the Realm of Hungry Ghosts traces the root causes of addiction to childhood trauma and examines the pervasiveness of addiction in society. Dr. Maté presents addiction not as a discrete phenomenon confined to an unfortunate or weak-willed few, but as a continuum that runs throughout—and perhaps underpins—our society. It is not a medical “condition” distinct from the lives it affects but rather the result of a complex interplay among personal history, emotional and neurological development, brain chemistry, and the drugs and behaviors of addiction. Simplifying a wide array of brain and addiction research findings from around the globe, the book avoids glib self-help remedies, instead promoting a thorough and compassionate self-understanding as the first key to healing and wellness. Dr. Maté argues persuasively against contemporary health, social, and criminal justice policies toward addiction and how they perpetuate the War on Drugs. The mix of personal stories—including the author’s candid discussion of his own “high-status” addictive tendencies—and science with positive solutions makes the book equally useful for lay readers and professionals.

Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Models

Author : Xiaohong Chen
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Models by : Xiaohong Chen

Download or read book Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Models written by Xiaohong Chen and published by . This book was released on 2005 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: A popular explanation of aggregate stock market behavior suggests that assets are priced as if there were a representative investor whose utility is a power function of the difference between aggregate consumption and a quot;habitquot; level, where the habit is some function of lagged and (possibly) contemporaneous consumption. But theory does not provide precise guidelines about the parametric functional relationship between the habit and aggregate consumption. This makes formal estimation and testing challenging; at the same time, it raises an empirical question about the functional form of the habit that best explains asset pricing data.This paper studies the ability of a general class of habit-based asset pricing models to match the conditional moment restrictions implied by asset pricing theory. Our approach is to treat the functional form of the habit as unknown, and to estimate it along with the rest of the model's finite dimensional parameters. This semiparametric approach allows us to empirically evaluate a number of interesting hypotheses about the specification of habit-based asset pricing models. Using stationary quarterly data on consumption growth, assets returns and instruments, our empirical results indicate that the estimated habit function is nonlinear, the habit formation is internal, and the estimated time-preference parameter and the power utility parameter are sensible. In addition, our estimated habit function generates a positive stochastic discount factor (SDF) proxy and performs well in explaining cross-sectional stock return data . We find that an internal habit SDF proxy can explain a cross-section of size and book-market sorted portfolio equity returns better than (i) the Fama and French (1993) three-factor model, (ii) the Lettau and Ludvigson (2001b) scaled consumption CAPM model, (iii) an external habit SDF proxy, (iv) the classic CAPM, and (v) the classic consumption CAPM.

Drug Use for Grown-Ups

Author : Dr. Carl L. Hart
Publisher : Penguin
ISBN 13 : 1101981660
Total Pages : 305 pages
Book Rating : 4.1/5 (19 download)

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Book Synopsis Drug Use for Grown-Ups by : Dr. Carl L. Hart

Download or read book Drug Use for Grown-Ups written by Dr. Carl L. Hart and published by Penguin. This book was released on 2022-01-11 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Hart’s argument that we need to drastically revise our current view of illegal drugs is both powerful and timely . . . when it comes to the legacy of this country’s war on drugs, we should all share his outrage.” —The New York Times Book Review From one of the world's foremost experts on the subject, a powerful argument that the greatest damage from drugs flows from their being illegal, and a hopeful reckoning with the possibility of their use as part of a responsible and happy life Dr. Carl L. Hart, Ziff Professor at Columbia University and former chair of the Department of Psychology, is one of the world's preeminent experts on the effects of so-called recreational drugs on the human mind and body. Dr. Hart is open about the fact that he uses drugs himself, in a happy balance with the rest of his full and productive life as a researcher and professor, husband, father, and friend. In Drug Use for Grown-Ups, he draws on decades of research and his own personal experience to argue definitively that the criminalization and demonization of drug use--not drugs themselves--have been a tremendous scourge on America, not least in reinforcing this country's enduring structural racism. Dr. Hart did not always have this view. He came of age in one of Miami's most troubled neighborhoods at a time when many ills were being laid at the door of crack cocaine. His initial work as a researcher was aimed at proving that drug use caused bad outcomes. But one problem kept cropping up: the evidence from his research did not support his hypothesis. From inside the massively well-funded research arm of the American war on drugs, he saw how the facts did not support the ideology. The truth was dismissed and distorted in order to keep fear and outrage stoked, the funds rolling in, and Black and brown bodies behind bars. Drug Use for Grown-Ups will be controversial, to be sure: the propaganda war, Dr. Hart argues, has been tremendously effective. Imagine if the only subject of any discussion about driving automobiles was fatal car crashes. Drug Use for Grown-Ups offers a radically different vision: when used responsibly, drugs can enrich and enhance our lives. We have a long way to go, but the vital conversation this book will generate is an extraordinarily important step.

Addicts Who Survived

Author : David T. Courtwright
Publisher : Univ. of Tennessee Press
ISBN 13 : 1572339764
Total Pages : 433 pages
Book Rating : 4.5/5 (723 download)

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Book Synopsis Addicts Who Survived by : David T. Courtwright

Download or read book Addicts Who Survived written by David T. Courtwright and published by Univ. of Tennessee Press. This book was released on 2013-01-25 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors employ the techniques of oral history to penetrate the nether world of the drug user, giving us an engrossing portrait of life in the drug subculture during the "classic" era of strict narcotic control. Praise for the hardcover edition: "A momentous book which I feel is destined to become a classic in the category of scholarly narcotic books." —Claude Brown, author of the bestseller, Manchild in the Promised Land. "The drug literature is filled with the stereotyped opinions of non-addicted, middle-class pundits who have had little direct contact with addicts. These stories are reality. Narcotic addicts of the inner cities are both tough and gentle, deceptive when necessary and yet often generous--above all, shrewd judges of character. While judging them, the clinician is also being judged." —Vincent P. Dole, M.D., The Rockefeller Institute. "What was it like to be a narcotic addict during the Anslinger era? No book will probably ever appear that gives a better picture than this one. . . . a singularly readable and informative work on a subject ordinarily buried in clichés and stereotypes." —Donald W. Goodwin, Journal of the American Medical Association " . . . an important contribution to the growing body of literature that attempts to more clearly define the nature of drug addiction. . . . [This book] will appeal to a diverse audience. Academicians, politicians, and the general reader will find this approach to drug addiction extremely beneficial, insightful, and instructive. . . . Without qualification anyone wishing to acquire a better understanding of drug addicts and addiction will benefit from reading this book." —John C. McWilliams, Pennsylvania Magazine of History and Biography "This study has much to say to a general audience, as well as those involved in drug control." —Publishers Weekly "The authors' comments are perceptive and the interviews make interesting reading." —John Duffy, Journal of American History "This book adds a vital and often compelling human dimension to the story of drug use and law enforcement. The material will be of great value to other specialists, such as those interested in the history of organized crime and of outsiders in general." —H. Wayne Morgan, Journal of Southern History "This book represents a significant and valuable addition to the contemporary substance abuse literature. . . . this book presents findings from a novel and remarkably imaginative research approach in a cogent and exceptionally informative manner." —William M. Harvey, Journal of Psychoactive Drugs "This is a good and important book filled with new information containing provocative elements usually brought forth through the touching details of personal experience. . . . There isn't a recollection which isn't of intrinsic value and many point to issues hardly ever broached in more conventional studies." —Alan Block, Journal of Social History

Strung Out

Author : Erin Khar
Publisher : Harlequin
ISBN 13 : 1488056323
Total Pages : 296 pages
Book Rating : 4.4/5 (88 download)

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Book Synopsis Strung Out by : Erin Khar

Download or read book Strung Out written by Erin Khar and published by Harlequin. This book was released on 2020-02-25 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: “This is a story she needed to tell; and the rest of the country needs to listen.” — New York Times Book Review “This vital memoir will change how we look at the opioid crisis and how the media talks about it. A deeply moving and emotional read, STRUNG OUT challenges our preconceived ideas of what addiction looks like.” —Stephanie Land, New York Times bestselling author of Maid In this deeply personal and illuminating memoir about her fifteen-year struggle with heroin, Khar sheds profound light on the opioid crisis and gives a voice to the over two million people in America currently battling with this addiction. Growing up in LA, Erin Khar hid behind a picture-perfect childhood filled with excellent grades, a popular group of friends and horseback riding. After first experimenting with her grandmother’s expired painkillers, Khar started using heroin when she was thirteen. The drug allowed her to escape from pressures to be perfect and suppress all the heavy feelings she couldn’t understand. This fiercely honest memoir explores how heroin shaped every aspect of her life for the next fifteen years and details the various lies she told herself, and others, about her drug use. With enormous heart and wisdom, she shows how the shame and stigma surrounding addiction, which fuels denial and deceit, is so often what keeps addicts from getting help. There is no one path to recovery, and for Khar, it was in motherhood that she found the inner strength and self-forgiveness to quit heroin and fight for her life. Strung Out is a life-affirming story of resilience while also a gripping investigation into the psychology of addiction and why people turn to opioids in the first place.

The Pastoral Clinic

Author : Angela Garcia
Publisher : Univ of California Press
ISBN 13 : 0520258290
Total Pages : 264 pages
Book Rating : 4.5/5 (22 download)

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Book Synopsis The Pastoral Clinic by : Angela Garcia

Download or read book The Pastoral Clinic written by Angela Garcia and published by Univ of California Press. This book was released on 2010-06-08 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lyrically evoking the Española Valley and its residents through conversations, encounters, and recollections, The Pastoral Clinic is at once a devastating portrait of addiction, a rich ethnography of place, and an eloquent call for a new ethics of care. --amazon.com.

Once Upon a Time in Never Never Land

Author : Amelia Hathow
Publisher :
ISBN 13 : 9781958150948
Total Pages : 0 pages
Book Rating : 4.1/5 (59 download)

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Book Synopsis Once Upon a Time in Never Never Land by : Amelia Hathow

Download or read book Once Upon a Time in Never Never Land written by Amelia Hathow and published by . This book was released on 2022-10-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addiction doesn't mean the same thing to everyone. We each face our struggle in our own way. Addiction removes us from our true purpose. An addiction always points to something outside of yourself. Therein lies the problem. That you are focused outside of yourself. It doesn't really matter WHAT you are addicted to, whether - drugs, sex, food, clothes, physique - it is all "surface" and takes us away from our true self: the one at the core of our etheric body. What will it take for you to face your addictions and move past them for the greater good of humanity and yourself? Are you willing to take responsibility for the WHOLE of humanity? Are you willing to let go of the things that attach you to that which doesn't move you forward - that which keeps you from experiencing change?

Stray

Author : Stephanie Danler
Publisher : Vintage
ISBN 13 : 1101875976
Total Pages : 256 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Stray by : Stephanie Danler

Download or read book Stray written by Stephanie Danler and published by Vintage. This book was released on 2020-05-19 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the bestselling author of Sweetbitter, a memoir of growing up in a family shattered by lies and addiction, and of one woman's attempts to find a life beyond the limits of her past. Stray is a moving, sometimes devastating, brilliantly written and ultimately inspiring exploration of the landscapes of damage and survival. After selling her first novel--a dream she'd worked long and hard for--Stephanie Danler knew she should be happy. Instead, she found herself driven to face the difficult past she'd left behind a decade ago: a mother disabled by years of alcoholism, further handicapped by a tragic brain aneurysm; a father who abandoned the family when she was three, now a meth addict in and out of recovery. After years in New York City she's pulled home to Southern California by forces she doesn't totally understand, haunted by questions of legacy and trauma. Here, she works toward answers, uncovering hard truths about her parents and herself as she explores whether it's possible to change the course of her history. Lucid and honest, heart-breaking and full of hope, Stray is an examination of what we inherit and what we don't have to, of what we have to face in ourselves to move forward, and what it's like to let go of one's parents in order to find peace--and a family--of one's own.

Mayhem

Author : Sigrid Rausing
Publisher : Vintage
ISBN 13 : 0451493133
Total Pages : 223 pages
Book Rating : 4.4/5 (514 download)

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Book Synopsis Mayhem by : Sigrid Rausing

Download or read book Mayhem written by Sigrid Rausing and published by Vintage. This book was released on 2017-09-05 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: A searingly powerful memoir about the impact of addiction on a family. In the summer of 2012 a woman named Eva was found dead in the London townhouse she shared with her husband, Hans K. Rausing. The couple had struggled with drug addiction for years, often under the glare of tabloid headlines. Now, writing with singular clarity and restraint, Hans’ sister, the editor and publisher Sigrid Rausing, tries to make sense of what happened. In Mayhem, she asks the difficult questions those close to the world of addiction must face. “Who can help the addict, consumed by a shaming hunger, a need beyond control? There is no medicine: the drugs are the medicine. And who can help their families, so implicated in the self-destruction of the addict? Who can help when the very notion of ‘help’ becomes synonymous with an exercise of power; a familial police state; an end to freedom, in the addict’s mind?” An eloquent and timely attempt to understand the conundrum of addiction—and a memoir as devastating as it is riveting.

Perils of Plenty

Author : Jonathan N. Markowitz
Publisher : Oxford University Press
ISBN 13 : 0190078278
Total Pages : 288 pages
Book Rating : 4.1/5 (9 download)

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Book Synopsis Perils of Plenty by : Jonathan N. Markowitz

Download or read book Perils of Plenty written by Jonathan N. Markowitz and published by Oxford University Press. This book was released on 2020-04-02 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Among scholars who focus on the politics of natural resources, conventional wisdom asserts that resource-scarce states have the strongest interest in securing control over resources. Counterintuitively, however, in Perils of Plenty, Jonathan N. Markowitz finds that the opposite is true. In actuality, what states make influences what they want to take. Specifically, Markowitz argues that the more economically dependent states are on resource extraction rents for income, the stronger their preferences will be to secure control over resources. He tests the theory with a set of case studies that analyze how states reacted to the 2007 exogenous climate shock that exposed energy resources in the Arctic. Given the dangerous potential for conflict escalation in the Middle East and the South China Sea and the continued shrinkage of the polar ice cap, this book speaks to a genuinely important development in world politics that will have implications for understanding the political effects of climate change for many years to come.

Dopamine Nation

Author : Dr. Anna Lembke
Publisher : Penguin
ISBN 13 : 1524746746
Total Pages : 305 pages
Book Rating : 4.5/5 (247 download)

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Book Synopsis Dopamine Nation by : Dr. Anna Lembke

Download or read book Dopamine Nation written by Dr. Anna Lembke and published by Penguin. This book was released on 2023-01-03 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: INSTANT NEW YORK TIMES and LOS ANGELES TIMES BESTSELLER “Brilliant . . . riveting, scary, cogent, and cleverly argued.”—Beth Macy, author of Dopesick, as heard on Fresh Air This book is about pleasure. It’s also about pain. Most important, it’s about how to find the delicate balance between the two, and why now more than ever finding balance is essential. We’re living in a time of unprecedented access to high-reward, high-dopamine stimuli: drugs, food, news, gambling, shopping, gaming, texting, sexting, Facebooking, Instagramming, YouTubing, tweeting . . . The increased numbers, variety, and potency is staggering. The smartphone is the modern-day hypodermic needle, delivering digital dopamine 24/7 for a wired generation. As such we’ve all become vulnerable to compulsive overconsumption. In Dopamine Nation, Dr. Anna Lembke, psychiatrist and author, explores the exciting new scientific discoveries that explain why the relentless pursuit of pleasure leads to pain . . . and what to do about it. Condensing complex neuroscience into easy-to-understand metaphors, Lembke illustrates how finding contentment and connectedness means keeping dopamine in check. The lived experiences of her patients are the gripping fabric of her narrative. Their riveting stories of suffering and redemption give us all hope for managing our consumption and transforming our lives. In essence, Dopamine Nation shows that the secret to finding balance is combining the science of desire with the wisdom of recovery.

Hearings, Reports and Prints of the House Committee on Interstate and Foreign Commerce

Author : United States. Congress. House. Committee on Interstate and Foreign Commerce
Publisher :
ISBN 13 :
Total Pages : 1712 pages
Book Rating : 4.:/5 (36 download)

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Book Synopsis Hearings, Reports and Prints of the House Committee on Interstate and Foreign Commerce by : United States. Congress. House. Committee on Interstate and Foreign Commerce

Download or read book Hearings, Reports and Prints of the House Committee on Interstate and Foreign Commerce written by United States. Congress. House. Committee on Interstate and Foreign Commerce and published by . This book was released on 1971 with total page 1712 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Apples for Addicts and Alcoholics

Author : James Page Jr.
Publisher : Xlibris Corporation
ISBN 13 : 1453545514
Total Pages : 122 pages
Book Rating : 4.4/5 (535 download)

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Book Synopsis Apples for Addicts and Alcoholics by : James Page Jr.

Download or read book Apples for Addicts and Alcoholics written by James Page Jr. and published by Xlibris Corporation. This book was released on 2010-08-17 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This mission/movement is laid out some in the book . This is a spiritual journey that seek empowerment for the people . The have nots can have alot . Apples For All - is the slogan that is like occupy wall street and other cause that want equeal life for all , not 1% over 99% . Please be apart of this movement to up lift people . We seek to come up without knocking others down . Apples for all , rise and be wise , devil desprise and love is the prize . This movement will move mountains and our goal is high enough , its time to get tough knowing life has been rough on us . Its a time . its our time

The Globalization of Addiction

Author : Bruce Alexander
Publisher : Oxford University Press
ISBN 13 : 0199588716
Total Pages : 485 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis The Globalization of Addiction by : Bruce Alexander

Download or read book The Globalization of Addiction written by Bruce Alexander and published by Oxford University Press. This book was released on 2010-03-04 with total page 485 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addiction is increasing all around the world, and the conventional remedies don't work. The Globalization of Addiction argues that the cause of this failure to control addiction is that past treatments have focused too single-mindedly on the afflicted individual addict. This book presents a radical rethink about the nature of addiction.

Addiction

Author : David Nutt
Publisher : Oxford University Press, USA
ISBN 13 : 0199685703
Total Pages : 102 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis Addiction by : David Nutt

Download or read book Addiction written by David Nutt and published by Oxford University Press, USA. This book was released on 2013-09-26 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential reference for psychiatrists, clinical psychologists, trainees, and specialist nurses, as well as primary care physicians/GPs with a special interest in mental health conditions and other healthcare professionals.