One of the core building blocks of traditional economic theory is the concept of equilibrium, a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables remain static. Many traditional equilibrium models, or equilibria, are established based on the rational behavior of individuals within financial markets, such as traders, market analysts, and investing firms, and their ability to maximize profits, no matter the cos...

Asset Price Response to New Information examines the effect of two types of psychological biases (namely, conservatism bias and representativeness heuristic) on the asset price reaction to new information. The author constructs various models of a competitive securities market or a security market allowing for strategic interaction among traders to prove rigorously that either conservatism or representativeness is capable of generating both asset price overreaction and underreacti...

At once a work of narrative lyricism and an act of personal courage, this memoir in verse documents the human cost of a period of political turmoil in China’s recent past. Luo Ying—the pen name of Huang Nubo, a celebrated poet, Forbes billionaire, and mountain climber—draws readers into the depths of the Cultural Revolution (1966–1976) by rendering its defining moments in his life with devastating precision and clarity. The narrative poems that make up Memories of the Cultural Revoluti...

This book explores the design and analysis of fractional-order and active disturbance rejection control, examining both the theoretical foundations and their practical applications.It covers fractional-order proportional-integral-derivative (PID) control, fractional-order active disturbance rejection (ADR) control, and the combined fractional-order PID-ADR control. The book begins with an analysis of the three-parameter fractional-order PID controller, demonstrating its application...

Micro-Doppler Characteristics of Radar Targets is a monograph on radar target's micro-Doppler effect theory and micro-Doppler feature extraction techniques. The micro-Doppler effect is presented from two aspects, including micro-Doppler effect analysis and micro-Doppler feature extraction, with micro-Doppler effects induced by different micro-motional targets in different radar systems analyzed and several methods of micro-Doppler feature extraction and three-dimensional micro-motion featu...

This book provides the reader with the latest archaeological discoveries of Liangzhu culture for its sophisticated jade artifacts. The structure and contents systematically present that large-scale ritual vessels such as jade cong and bi were originally regarded as the embodiment of Zhou and Han dynasties have been proved as burial accessories of Liangzhu culture. This confirmation urges archaeologists to renew an earlier interpretation of societal development dimension in Liangzhu culture...

This book elaborates on the distinctive characteristics as well as the archaeological, historical and artistic value of Liangzhu pottery, welcoming readers to the wonderful world of Liangzhu by introducing them to its origin, type, design, decoration, evolution and processing technology. It also presents the types of pottery that people in Liangzhu used daily to eat, drink, and bury their dead. Thanks to a wealth of photos taken at the archaeological site, readers can admire the color, dec...

This volume explores Chinese reading development, focusing on children in Chinese societies and bilingual Chinese-speaking children in Western societies. The book is structured around four themes: psycholinguistic study of reading, reading disability, bilingual and biliteracy development, and Chinese children’s literature. It discusses issues that are pertinent to improving language and literacy development, and complex cognitive, linguistic, and socio-cultural factors that underlie langua...

This book discusses the basic theoretical model and implementation method of intelligent machining technology and promotes the application of intelligent machining technology in the manufacturing of complex aviation components, such as aero-engine blisk, casing parts and blades. It not only presents the fundamental theory of intelligent machining, but also provides detailed examples of applications in the aviation industry.The topics covered include intelligent programming, intelli...

Winner of ForeWord Magazine's Architecture "Book of the Year" Award!Exquisite examples of traditional dwellings are scattered throughout modern-day China. Chinese Houses focuses on 20 well-preserved traditional Chinese homes, presenting examples from a range of rural and metropolitan areas throughout China.The photographs of each are accompanied by extensive background information and historical content. An introductory essay examines the differen...

Our path of economic development has generated a growing list of environmental problems including the disposal of nuclear waste, exhaustion of natural resources, loss of biodiversity, climate change, and polluted land, air, and water. All these environmental problems raise the crucial challenge of determining what we should and should not do for future generations. It is also central to other policy debates, including, for example, the appropriate level of public debt, investment in public...

With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account?Interest and Prices seeks to provide theoretical foundations for a rule-based approa...