This paper reports a wandering weekday effect: the pattern of day seasonality in stock market returns is not fixed, as assumed in the Monday or weekend effects, but changes over time. Analysing daily closing prices in eleven major stock markets during 1993-2007, our results show that the...

Ormerod [Ormerod, R.J. An observation on publication habits based on the analysis of MS/OR journals. Omega Int J Mgmt Sci, 1997, 25, 599-603] has suggested that Reisman and Kirschnick's methodology for describing research published in OR/MS journals may be used to evaluate such research. This...

Purpose – The purpose of this article is to introduce, describe, and critically examine the IBM and Hewlett‐Packard PANOSE systems of (electronic) font classification. Microsoft's TrueType Font (TTF) file format allows font developers the option of classifying their fonts according to one or...

Two apparently similar methods for making numerical judgments about a set of objects (point allocation and direct rating) have been shown to yield different profiles of values (here, numerical judgments) attached to Ranks. Direct rating typically leads to a nearly linear relationship of Value...

This paper makes the first attempt to present explicit empirical evidence that market inefficiency can be multi-dimensional. Testing the Efficient Market Hypothesis (EMH) over 76 stock indices using 17 best established indicators (e.g. runs test), we show that most indices exhibit some type(s)...

The universality of design perception and response is tested using data collected from 10 countries: Argentina, Australia, China, Germany, Great Britain, India, The Netherlands, Russia, Singapore, and the United States. A Bayesian, finite-mixture, structural equation model is developed that...