When many individuals aggregate and no special organization is imposed, casual social groups form among monkeys in tree tops and among human beings on sidewalks, beaches, and playgrounds. Joel Cohen shows that previously existing probabilistic models do not describe the details of available data on the sizes of such casual groups. He proposes a new family of models, called linear one-step transition (LOST) models, which predict observed equilibrium group size distributions, and also describe the dynamics of systems of social groups.
For the first time, he presents recorded observations of the dynamics of group formation and dissolution among human children in free play. These observations are consistent with the dynamics assumed by the LOST models. Such models suggest generalizations that may apply to epidemiology, the sociology of rumors, and traffic control. Within biology, this approach offers ways of linking the behavior of individuals with the population ecology of a species.
This book explores the strikingly similar ways in which information is encoded in nonverbal man-made signals (e.g., traffic lights and tornado sirens) and animal-evolved signals (e.g., color patterns and vocalizations). The book also considers some coding principles for reducing certain unwanted redundancies and explains how desirable redundancies enhance communication reliability.
Jack Hailman believes this work pioneers several aspects of analyzing human and animal communication. The book is the first to survey man-made signals as a class. It is also the first to compare such human-devised systems with signaling in animals by showing the highly similar ways in which the two encode information. A third innovation is generalizing principles of quantitative information theory to apply to a broad range of signaling systems. Finally, another first is distinguishing among types of redundancy and their separation into unwanted and desirable categories.
This remarkably novel book will be of interest to a wide readership. Appealing not only to specialists in semiotics, animal behavior, psychology, and allied fields but also to general readers, it serves as an introduction to animal signaling and to an important class of human communication.
Investment banks play a critically important role in channeling capital from investors to corporations. Not only do they float and distribute new corporate securities, they also assist companies in the private placement of securities, arrange mergers and acquisitions, devise specialized financing, and provide other corporate financial services.
After sketching the history and evolution of investment banking, the authors describe the structure of the industry, focusing on the competitive forces at work within it today. They explore patterns of concentration and analyze the strategic and economic factors that underlie those patterns. The authors directly examine the pairing up of investment banks with their corporate clients. They show that the market is sharply segmented, with banks and corporate clients being matched in roughly rank order, the most prestigious banks with the largest, most powerful clients, and so on. Vigorous competition occurs within each segment, but much less between them.
With the industry now confronting a changing regulatory environment, a growing tendency of clients to arrange their own financing, and increasing competition both from within and from commercial banks and foreign institutions, Competition in the Investment Banking Industry is essential reading for anyone interested in the future of investment banking.
Albert Einstein’s theory of general relativity describes the effect of gravitation on the shape of space and the flow of time. But for more than four decades after its publication, the theory remained largely a curiosity for scientists; however accurate it seemed, Einstein’s mathematical code—represented by six interlocking equations—was one of the most difficult to crack in all of science. That is, until a twenty-nine-year-old Cambridge graduate solved the great riddle in 1963. Roy Kerr’s solution emerged coincidentally with the discovery of black holes that same year and provided fertile testing ground—at long last—for general relativity. Today, scientists routinely cite the Kerr solution, but even among specialists, few know the story of how Kerr cracked Einstein’s code.
Fulvio Melia here offers an eyewitness account of the events leading up to Kerr’s great discovery. Cracking the Einstein Code vividly describes how luminaries such as Karl Schwarzschild, David Hilbert, and Emmy Noether set the stage for the Kerr solution; how Kerr came to make his breakthrough; and how scientists such as Roger Penrose, Kip Thorne, and Stephen Hawking used the accomplishment to refine and expand modern astronomy and physics. Today more than 300 million supermassive black holes are suspected of anchoring their host galaxies across the cosmos, and the Kerr solution is what astronomers and astrophysicists use to describe much of their behavior.
By unmasking the history behind the search for a real world solution to Einstein’s field equations, Melia offers a first-hand account of an important but untold story. Sometimes dramatic, often exhilarating, but always attuned to the human element, Cracking the Einstein Code is ultimately a showcase of how important science gets done.
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