Mood and Judgment of Subjective Probabilities: Evidence from the U.S. Index Option Market

Numerous psychological studies show that weather conditions affect people'smood and that mood states are correlated with people's subjective evaluationof future probabilities. In this paper, a new approach is developed and assetmarket data are employed to test the mood-subjective probability relation. Cloudcover and precipitation volume serve as two mood proxies. Our statistical analysissuggests that bad mood states are characterized by investors placing higher probabilitieson adverse events.     

The effects of haze pollution on stock performances: evidence from China

Haze pollution has become the most important environmental issue in China in recent years. Using the data of PM_2.5 concentration and stocks of listed companies located in Beijing between 2010 and 2014, this article investigates the effects of haze pollution on stock performances. Empirical results indicate that haze pollution has significant negative effects on stock returns and significant positive effects on stock volatilities, through the channel of investors’ mood. Furthermore, the effects of haze pollution on stock returns emerge gradually and the effects of haze pollution on stock volatilities weaken gradually over time during a trading day.     

Assessing the reversal of investor sentiment

Assessing the reversal of sentiment in stock markets is needed because, according to the social mood cycle, the change of social mood over time is an antecedent of price movements. The purpose of this study is to empirically assess reversal of investor sentiment, to show the phases of social mood cycle from increasing mood to decreasing mood, and to explain the dynamic change in market inefficiency from increasing to decreasing. Growth modeling, developed particularly for dealing with the change over time, is used in this study for assessing the reversal of investor sentiment. The autocovariance structure of errors and the variances/covariances of the random coefficients are all taken into account in the model. The results have indicated that the change in investor sentiment over time is inverted U-shaped for the entire market. Moreover, arbitrage constraint and stock characteristics exert a joint moderating effect on sentiment reversal. Less arbitrage constraint can strengthen sentiment reversal only when the market for individual stocks is dominated by noise traders. Based on the results obtained, we discuss asset pricing, liquidity management, and market intervention.     

An Analysis of Mood System of Narrative Rock Song Lyrics and Its Interpersonal Functions

This thesis takes narrative rock song lyrics as the target of texts analysis from the perspective of mood and its realization of interpersonal functions. Song lyrics texts have the quality of both oral and written text and can be regarded as oral text written for the purpose of singing. Among all kinds of songs, subject with rock is probably the most common genre of song lyrics. Therefore this study focuses on rock song lyrics, specifically narrative rock song lyrics.     

现代英语语法中虚拟式的教学研究

在现代英语语法虚拟式的教学中,应针对学生特点,在继承传统语法基础上,用更新的教学理念,引导学生深入浅出地掌握知识,培养他们总结知识要领并灵活运用知识的能力。     

The impact of mood states and surprise cues on satisfaction

Mood effects have been studied in consumer behavior literature, but prior research investigating the joint impact of mood and surprise on satisfaction is scant. To bridge this gap, this study examines the relationship among these three constructs. We manipulated customers’ pre-consumption mood and provided surprise cues with hypothetical scenarios in a 2 by 2 factorial design in a restaurant setting. The results show that a positive surprise yields high satisfaction without a significant effect from customers’ pre-consumption mood. Conversely, with a negative surprise, customers in a negative pre-consumption mood indicate lower satisfaction than those in a positive mood.     

感知购物环境对旅游者购物行为的影响机制研究——旅游者购物情绪的媒介作用

在相关研究的基础上,本文运用结构方程建模方法建立了感知购物环境对旅游者购物行为的全影响和间接影响模型,通过对两个模型的对比分析,发现了感知购物环境影响旅游者购物行为的路径机制,即感知购物环境对旅游者购物行为的影响是通过改变旅游者的购物情绪而实现的,旅游者购物情绪在环境→情绪→行为这一路径中起到非常重要的媒介作用。最后,本文提出了管理建议。     

基于情感视角的冲动性购买影响机制整合研究

冲动性购买是消费者的一种普遍的购买行为类型,它受到很多因素的影响,心境就是重要的情境因素之一,但关于心境影响冲动性购买机制方面却没有得到深入地探讨。在分析现有文献综述的基础上,提出了另一种心境影响冲动性购买的机制,并将其与其他机制有机融合,最后采用实证研究证明了心境影响冲动性购买的多种机制。     

西北贫困地区少数民族社会情绪研究

采用问卷方法,对西北贫困地区1700余名少数民族成员的社会情绪进行研究。结果表明,当前西北贫困地区少数民族的社会情绪良好,城乡居民对当前生活以及少数民族政策的贯彻实施满意度很高,但对当地政府部门工作的满意度不高;教育公平是城乡居民关注的焦点问题,认为贫富差距问题和务工就业问题最严重;城乡居民感到压力最大的是子女教育问题。     

英文求职信的人际功能分析

本文基于系统功能语法中的人际功能和评价系统理论,对英文求职信进行分析与研究,旨在揭示英文求职信实现人际意义的语言手段。本文试从语气系统、情态系统、评价系统三个方面分析英文求职信的人际功能。