title: Stock Overreaction Behaviour in Bursa Malaysia: Does the Length of the Formation Period Matter?

authors: Ali, Norli

abstract: This paper investigates whether stock overreaction behaviour in Malaysian stock market is sensitive to the length of the formation period. Using the basic framework of De Bondt and Thaler (1985), this study find that stock overreaction behaviour in this market is sensitive to the length of the formation period. Significant evidence of stock overreaction effect is documented in the longer formation period of up to 5-year, while for the medium formation period of 2-year, there is no clear evidence of stock overreaction behaviour. Evidence of stock overreaction behaviour is also reported for the shorter-term of 1-year, however, it may not be economically profitable after taken into account the transaction cost. This study also shows that size cannot explain the documented overreaction effect. However, the results suggest that the overreaction effect subsided after adjustment to time-varying risk.

text: Stock Overreaction Behaviour in Bursa Malaysia: Does the Length of the Formation Period Matter? This paper investigates whether stock overreaction behaviour in Malaysian stock market is sensitive to the length of the formation period. Using the basic framework of De Bondt and Thaler (1985), this study find that stock overreaction behaviour in this market is sensitive to the length of the formation period. Significant evidence of stock overreaction effect is documented in the longer formation period of up to 5-year, while for the medium formation period of 2-year, there is no clear evidence of stock overreaction behaviour. Evidence of stock overreaction behaviour is also reported for the shorter-term of 1-year, however, it may not be economically profitable after taken into account the transaction cost. This study also shows that size cannot explain the documented overreaction effect. However, the results suggest that the overreaction effect subsided after adjustment to time-varying risk.

year: 2011

title: An MDL estimate of the significance of rules

authors: Cleary, John G.

subjects: computer science

abstract: This paper proposes a new method for measuring the performance of models-whether decision trees or sets of rules-inferred by machine learning methods. Inspired by the minimum description length (MDL) philosophy and theoretically rooted in information theory, the new method measures the complexity of text data with respect to the model. It has been evaluated on rule sets produced by several different machine learning schemes on a large number of standard data sets. When compared with the usual percentage correct measure, it is shown to agree with it in restricted cases. However, in other more general cases taken from real data sets-for example, when rule sets make multiple or no predictions-it disagrees substantially. It is argued that the MDL measure is more reasonable in these cases and represents a better way of assessing the significance of a rule set's performance. The question of the complexity of the rule set itself is not addressed in the paper.

text: An MDL estimate of the significance of rules This paper proposes a new method for measuring the performance of models-whether decision trees or sets of rules-inferred by machine learning methods. Inspired by the minimum description length (MDL) philosophy and theoretically rooted in information theory, the new method measures the complexity of text data with respect to the model. It has been evaluated on rule sets produced by several different machine learning schemes on a large number of standard data sets. When compared with the usual percentage correct measure, it is shown to agree with it in restricted cases. However, in other more general cases taken from real data sets-for example, when rule sets make multiple or no predictions-it disagrees substantially. It is argued that the MDL measure is more reasonable in these cases and represents a better way of assessing the significance of a rule set's performance. The question of the complexity of the rule set itself is not addressed in the paper.

year: 1996-03

title: Place imaginaries: Photography and place-making at Te Awa River Ride

authors: Hill, Rodrigo

subjects: photography

abstract: Contemporary photographic practice has evolved into a field of possibilities, which includes a flux of representational modes that depict experiences, feelings and emotions. This PhD with Creative Practice Components investigates how photography is embedded within ways of knowing, experiencing and making places and the subsequent visual constructions of place imaginaries.  Drawing on contemporary photographic practice and theory, I position myself as a qualitative researcher engaged in creative practice, specifically lens-based approaches and modes of photographic representation. In contrast to photography’s dominant discourse centred on indexical and objective assumptions, I understand photographic practices and images as constructions of multiple meanings.

I use Te Awa River Ride as my research locale, a place where different practices and discourses entangle, forming a diverse set of dynamic and intersecting meanings. Te Awa River Ride is a shared pathway, with a planned total length of 70 kilometres, that edges the banks of the Waikato River from Ngāruawāhia to Cambridge, in the central North Island of Aotearoa New Zealand. I understand Te Awa River Ride as a place-composite, layered by multiple place imaginaries, including indigenous Māori, Pākehā and European ways of meaning and place-making. In this thesis I draw upon place imaginaries as a way of expressing visual possibilities, constructions and affective responses to my own and others’ experiences at this unique research location. 

My photography practice aims to actualise particular place imaginaries through curation and sequencing of lens-based explorations of light, movement and water. This process and the compilation of imagery into curatorial products, such as photography installations, generate novel ways of perceiving the Waikato River and Te Awa River Ride, revealing the centrality of photography in place-making processes.

text: Place imaginaries: Photography and place-making at Te Awa River Ride Contemporary photographic practice has evolved into a field of possibilities, which includes a flux of representational modes that depict experiences, feelings and emotions. This PhD with Creative Practice Components investigates how photography is embedded within ways of knowing, experiencing and making places and the subsequent visual constructions of place imaginaries.  Drawing on contemporary photographic practice and theory, I position myself as a qualitative researcher engaged in creative practice, specifically lens-based approaches and modes of photographic representation. In contrast to photography’s dominant discourse centred on indexical and objective assumptions, I understand photographic practices and images as constructions of multiple meanings.

I use Te Awa River Ride as my research locale, a place where different practices and discourses entangle, forming a diverse set of dynamic and intersecting meanings. Te Awa River Ride is a shared pathway, with a planned total length of 70 kilometres, that edges the banks of the Waikato River from Ngāruawāhia to Cambridge, in the central North Island of Aotearoa New Zealand. I understand Te Awa River Ride as a place-composite, layered by multiple place imaginaries, including indigenous Māori, Pākehā and European ways of meaning and place-making. In this thesis I draw upon place imaginaries as a way of expressing visual possibilities, constructions and affective responses to my own and others’ experiences at this unique research location. 

My photography practice aims to actualise particular place imaginaries through curation and sequencing of lens-based explorations of light, movement and water. This process and the compilation of imagery into curatorial products, such as photography installations, generate novel ways of perceiving the Waikato River and Te Awa River Ride, revealing the centrality of photography in place-making processes.

year: 2019