Impact investing AUM growing rapidly: report

first_img Impact investing continues to grow: survey Keywords Impact investingCompanies Responsible Investment Association Impact investing gains traction in Canada RBC GAM moves SRI funds to Vision Funds James Langton Impact investing generally seeks to generate a social return alongside a financial return by devoting capital to ventures that aim to produce social and/or environmental benefits. According to the 2016 Canadian Impact Investment Trends Report, which surveyed 87 organizations, there were $9.2 billion in assets under management (AUM) in impact investments at the end of 2015. This represents a more than doubling in AUM from 2013, when assets were measured at $4.1 billion. This growth is being driven by an increase in demand for impact investments from both institutional and high net worth investors, the RIA says, and a rise in impact investment products, among other factors. For example, 18% of AUM is now invested indirectly in the impact space through funds, or other products, up from 6% in 2013, the report says. Most of the impact investing activity is concentrated in British Columbia, Ontario and Quebec (representing 91% of impact assets), according to the report. Private debt is the most popular vehicle at 32% of the market, followed by private equity (24%), and public equity (20%, which is up from just 3% in 2013), among other vehicles such as residential mortgages, green buildings and consumer loans. By sector, housing/real estate, clean technology, and energy, are the most popular targets for impact investing. The bulk of assets (71%) is invested in mature businesses, the report says, and almost all (96%) of the 65% of investors that target financial returns at, or above, market rate say that their impact investment’s performance has met or exceeded their expectations. Looking ahead, 62% of survey respondents expect either moderate, or high, levels of further growth over the next two years. “Contributing to local community development” is cited as the top motivation for impact investing, the report says, followed by “contributing to sustainable development, financial opportunity, and stable long-term returns.” The primary obstacles to increased impact investing, include risk concerns, performance worries, and a shortage of viable products/ investment vehicles, the report adds. Photo copyright: weerapaty/123RF Related news Impact investing market growing: report Canada’s impact investment market is experiencing rapid growth, with assets now surpassing $9 billion, according to a report published on Monday by the Responsible Investment Association (RIA). Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

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Blog: Are WhatsApp India woes a blow to encryption?

first_img India is WhatsApp’s biggest market, where it has 200 million users, but of late the app maker has found itself at the centre of controversy in the country.Reportedly, around a dozen people were killed between May and July by angry mobs incited to violence by fake news spread on the app, related to issues including organ harvesting and child trafficking.There have even been reports Hindu nationalists are using such platforms to push inflammatory propaganda.How is WhatsApp coping?WhatsApp is trying to deal with the problem. In July, it said it is limiting the number of groups a message can be forwarded to worldwide, with further restrictions in India, where it removed a quick forward button.Naturally, the Indian government doesn’t think this is enough. IT minister Ravi Shankar Prasad took aim at the company’s practice of sharing information with Facebook for advertising purposes, noting if WhatsApp can share such details, there is no reason it shouldn’t be able to find “explosive messages filled with rumours” and put an end to them.Prasad is not alone in this. The UK and Brazilian governments have also asked WhatsApp for access to messages related to criminal cases.It’s worth noting that rival app Telegram has also come under fire for being an easy way for terrorists to communicate: it was described by Vox as the “app of choice” for ISIS.WhatsApp has repeatedly asserted it cannot access messages. After all, this is what end-to-end encryption (a feature it introduced in 2016) is all about.Derek Roga, co-founder and CEO of secure mobile communications equipment supplier Equiis, told Mobile World Live (MWL) he believes a white paper published by WhatsApp about its encryption in 2017, which shows it genuinely doesn’t have access to messages.Rather, it uses metadata (a set of data that describes and gives information about other data) and runs algorithms and hypotheses on that to then direct advertising.An end to end-to-end encryption?Does that mean, in some cases, the answer is to get rid of encryption? The consensus among experts seems to be no.Thomas Reed, director of Mac and Mobile at anti-malware company Malwarebytes, told MWL: “Security experts and privacy advocates are in agreement that these are misguided efforts. There are many important transactions that we engage in every day that must be protected against eavesdropping, such as financial transactions, internal company communications, coordination of law enforcement activities, et cetera.”WhatsApp representative Carl Woog, echoed these sentiments, telling CNN: “People rely on WhatsApp for all kinds of sensitive conversations, including with their doctors, banks and families”.Reed also made the point that journalists and their sources rely, in some cases at a risk to their lives, on secure communication. Without it, “they would be unable to bring ugly truths out into the light of day. This is especially true in countries where human rights violations are rampant, and if a journalist’s sources were revealed, they could be executed.”“Ultimately, the problems that are specific to end-to-end encryption, such as law enforcement’s need to monitor suspects’ communications, cannot be solved without destroying that communication medium for everyone,” he said.He added the issue in India is not particular to WhatsApp or to encryption, but to social media in general: “Any other social media platform could be used to spread inflammatory rumours instead.”Meanwhile Roga argued that in the current climate, one where Edward Snowden revealed the existence of global surveillance programmes, “individuals felt rightly that their privacy rights are being infringed upon and encryption helps protect that”.The argument is moot anyway given WhatsApp has said it will not trace individual messages as “this would undermine end-to-end encryption and the private nature of WhatsApp, creating the potential for serious misuse,” Woog said.What can be done?Roga added it is not easy to align the interests of consumers and governments, and neither is it possible to eliminate the problem completely. However, there are ways in which it can be mitigated.For one, WhatsApp should have a way for people to report messages they deem to be dangerous or fake news as not everybody falls for them. Another solution could be based around message tagging, and using chatbots and artificial intelligence to monitor chats.“Most apps generate metadata and there’s ways to integrate that into some type of monitoring activity, perhaps through an algorithm that would give alerts” when it picked up on messages which were fake or dangerous, Roga said.In relation to Roga’s point of getting people to report messages comes the topic of creating awareness and WhatsApp knows this. It is working on a radio advertisement campaign to help users spot misinformation and sensitise them about the challenges of fake news in India.WhatsApp has partnered with the Digital Empowerment Foundation for this and it appears to be on the right path. But, given the repercussions we have already seen, it will certainly need to do more.The editorial views expressed in this article are solely those of the author and will not necessarily reflect the views of the GSMA, its Members or Associate Members. Subscribe to our daily newsletter Back Tags Related Saleha Riaz HomeAppsBlogs Blog: Are WhatsApp India woes a blow to encryption? Previous ArticleGSMA presses EU regulators to ease path to 5GNext ArticleReborn Withings unveils first device Apps AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 18 SEP 2018 center_img Author India threatens action over WhatsApp privacy change Twitter faces Covid-19 clampdown in India Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters – creating content, writing blogs and reports as well as conducting feature interviews…More Read more WhatsApp shrugs off India privacy update pressure IndiaWhatsApplast_img read more

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Cincinnati Children’s Hospital Medical Center to Begin Coronavirus Vaccine Trials

first_imgIn the coming weeks, Cincinnati Children’s Hospital Medical Center will be one of four four sites in the country to begin human trials for a COVID-19 vaccine, according to a report from WCPO9. A statement from the hospital noted that its screening process has begun for people who want to participate in the first clinical trials of the BNT162 vaccine program. Pharmaceutical company Pfizer and biotech company BioNTech created both the program and potential vaccine. Initial tests will be conducted on approximately 90 participants, who will be given a part of the COVID-19 virus to create antibodies within each participant’s body to fight the virus.last_img read more

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Small business owners plan for better financial health in 2013: TD Bank Survey

first_imgTD Bank,Nearly half of small businesses in the US expect their financial health to improve in 2013 and are confident that sales will increase over 2012, according to a new survey released Friday by TD Bank. TD is Vermont’s second largest bank. The survey also found that nearly one-third of small business respondents plan to hire at least one employee in the coming year.TD Bank’ s survey polled more than 500 small business owners across the bank’ s Maine to Florida footprint for their plans for 2013.49% say they are somewhat or very confident that their small business will be in better financial shape than it was in 2012, with 25% still unsure and 25% are not confident about their financial health.47% are somewhat or very confident that they’ ll exceed their sales performance from 2012, 31% are unsure, and 22% think sales will worsen.59% intend to keep staffing levels the same, but 32% plan to hire at least one new employee, and only 9% plan to downsize their team in the year ahead. ‘ In 2012, TD Bank originated more than $8 million in SBA loans, the most of any bank in Vermont. We respect small business owners, and by building a personalized relationship with them and having a better understanding of their business, we are able to fit them with the products and services they need so they can manage their money and focus on growth and making their wish for more sales come true,” said TD Bank Vermont President Phil Daniels. “We encourage small businesses to meet with us now to review and update their plans, and discuss their banking needs for the year,’ Daniels said. ‘ Small business owners should develop a sound strategy heading into 2013 that focuses on creative ways to boost sales while also monitoring expenses,’ says Jay DesMarteau, Head of Small Business and Government Banking Distributions, TD Bank. ‘ This strategy starts with small business owners talking with their advisors and partners, including their bank, about their business plans for the upcoming year.’TD Bank’ s survey also asked small business owners how often they review and update their business plan. According to the results, the frequency in which small business owners review and update their business plan varies. Of those polled, 36% review and update it once a year, 30% every quarter, and 20% each month. The remaining (13%) only do so when applying for new financing.Given the challenges of today’ s economy, DesMarteau says small business owners should review their business plan at least every six months and make adjustments whenever significant business decisions are made.‘ We’ re encouraging small businesses to meet with us in early 2013 to review and update their plans and discuss their banking needs for the year,’ says DesMarteau. ‘ We respect small business owners. By building a personalized relationship with them and having a better understanding of their business, we’ ll be able to fit them with the products and services they need so they can manage their money and focus on growth and making their wish for more sales come true.’Small business owners can learn more about TD Bank’ s products and services by visiting one of more than 1,300 locations throughout Maine to Florida when it’ s convenient for them ‘ TD is open early and open late. Or, they can reach a live representative by phone, 24 hours a day, 365 days a year, at 1-888-751-9000.About TD Bank’s SurveyTD Bank polled more than 500 small business owners within its Maine to Florida footprint to better understand their financial challenges and opportunities for 2013. The research was conducted in November and December 2012 by ORC International, and surveyed companies over the telephone with annual sales of no more than $5 million.Source: CHERRY HILL, N.J., and PORTLAND, Maine (February 15, 2013) ‘  TD Bank, America’s Most Convenient Bank®TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing nearly 8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J., and Portland, Maine. To learn more, visit www.tdbank.com(link is external). Find TD Bank on Facebook at www.facebook.com/TDMoneyLoungeUS(link is external) and on Twitter at www.twitter.com/TDBank_US(link is external).TD Bank, America’s Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD.” To learn more, visit www.td.com(link is external).last_img read more

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Epic Games’ London Innovation Lab Breaks New Ground in Virtual Production

first_imgBased in London’s Fitzrovia, Epic Games’ London Innovation Lab is a hub for the creative community, offering creators across industries a platform to produce real-time content and immersive virtual experiences, using Epic’s Unreal Engine (UE) software. The new curved LED Volume, recently installed at the Lab and running on Brompton Technology processing, is a testament to the company’s continuous commitment to empower new ways of content creation using the latest technology advances.While Unreal Engine has been at the forefront of Virtual Production (VP) since the first workflows began to emerge, it is the first time that the company has introduced its state-of-the-art virtual studio, working with partners such as Brompton Technology, ARRI and creative technical production company 80six, to bring the magic of virtual production to life.“Our initial conversations with Brompton took place at this year’s ISE, where we met with several other vendors to discuss our needs to create a virtual production studio at our Innovation Lab in London,” said Epic Technical Artist Ben Kidd. “Brompton’s Tessera processing ticked all our boxes, so we were very keen to go ahead and test the full LED solution in situ.”The arrangement was made between teams at 80six, Brompton and Epic to have demo ROE LED screens and Brompton Tessera S8 LED processors delivered to the Lab facility. However, due to the lockdown, the project had to be postponed until late April. Following eased restrictions, the equipment was finally shipped to Epic and further tested by Kidd and his team on site for over a month.“Following the initial testing phase, we were very pleased with the ROE and Brompton combo and its performance, and so it was an easy choice to make the full investment,” continued Kidd. “We acquired three of Brompton’s latest Tessera S8 LED processors to drive the entire Volume.”The complete LED fleet — including 144 ROE Black Pearl 2 LED panels, 38 CB3 Carbon 3 full-size and eight half-size panels — has been calibrated with Brompton’s Hydra advanced measurement system to take full advantage of Dynamic Calibration features and Brompton HDR (High Dynamic Range).The space is a mix of lighting emitted by LED panels and also traditional lighting fixtures that one would normally find on a professional film set, with all of the traditional fixtures provided by ARRI. Additionally, the company offered its high-end AMIRA camera system with various lens packages for the studio.“At ARRI it’s been clear to us for some time that Virtual Production with LED will be a key part of many of the projects we see and work on going forward and the interplay between cameras, video and lighting is crucial to the success of these projects,” said ARRI’s regional business development director, David Levy. “We have seen our cameras work brilliantly with Brompton processors in the most demanding environments and this project has been no exception. It’s been a pleasure to work on the London Lab with Epic, Brompton and 80Six to deliver a facility which can be a proving ground for more ground-breaking developments in this field and we are excited to see the content it will produce.”Whilst the design service has been managed by the team of ARRI’s System Group, the technical service for Epic’s Lab has been provided by the team at 80six.“We were very pleased to have been asked to deliver this permanent installation for Epic alongside ARRI,” comments Ben Annibal, project manager at 80six. “It’s always extremely satisfying to install equipment from our long-standing partners at Brompton and ROE.”“Ben (Kidd) has made an excellent choice investing in both brands, not only for the build quality and performance of their products, but also for the level of technical support that both companies provide their clients,” adds 80six’s director, Jack James.With all the technical elements coming together to create a beautiful high-spec curved LED screen, the driving power, the Tessera S8, has been chosen by Kidd for several reasons.“The main reason we chose to use the new Tessera S8 was because we wanted to send a smaller number of pixels out of the GPU. Rather than using all of the GPU’s overhead to deliver a 4K signal it now outputs only half of that, with the remaining 50 percent of the GPU’s capacity used to significantly enhance image quality,” explains Kidd. “We have more grunt inside of the GPU and can still take full advantage of a wide range of the S8’s features, including its full support of Brompton HDR to provide stunning realistic imagery, which was another key consideration for the team.”With all final testing sessions completed, Kidd and the rest of the team at Epic cannot wait to put the LED Volume to its full use by opening it up to their Unreal Engine community of creators.“What we stand for here at Epic is empowering people to create content,” concludes Kidd.“Our new facility is another way of breaking down the barriers in content production and allowing great things to happen. Thanks to our close-knit community of virtual production partners like Brompton Technology, we have been able to create a platform that delivers a new level of immersive visual experience. The Innovation Lab with its LED Volume, expert processing and our Unreal Engine software can support all the latest technology advances in virtual production, and we’re excited to see how it continues to transform the art and craft of filmmaking.”last_img read more

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Lean courts’ budget heads to conference

first_img Lean courts’ budget heads to conference Senior EditorHouse and Senate legislators are working out differences in their plans for funding Florida’s courts for the 2011-12 budget year — differences that include “incentive” funding to encourage judicial rapidity and have the courts take oversight of funding and administration of appointing conflict counsel in trial courts.Both the House and Senate passed their versions of a state budget earlier this month but put off appointing conference committees to officially work out their differences until the week of April 25 (after this News went to press), following Easter and Passover. The late start for conferences led to hints from Senate Budget Committee Chair JD Alexander, R-Lake Wales, and House Speaker Dean Cannon, R-Winter Park, that the session might extend beyond its scheduled May 6 adjourn-ment.“We would rather stay and get it right than rush and get it wrong,” Alexander said.While the courts tentatively would get smaller budget cuts than state agencies, overall funding would still be reduced next year, which could cost dozens of jobs, according to State Courts Administrator Lisa Goodner.The Senate budget slices around $2.9 million from the trial courts, which Goodner said will translate into about 47 staff positions lost. The House has about a $3.9 million cut in the trial courts operating budget, although it doesn’t project any lost positions.“I’m not sure we can get to that number without impacting positions,” Goodner said.“We’re working with that, but it’s a pretty steep cut.”Here are some other highlights of the two chambers’ spending plans:• The House budget cuts 14 clerk positions at the Supreme Court, about half of the clerks helping the justices, for a savings of about $1.3 million. Chief Justice Charles Canady said that reduction “would be devastating for our productivity.”• The Senate adds $3.6 million for the courts for a “judicial incentive” program to encourage judges to swiftly move their cases. The proposal is controversial among judges and others who say it may create the impression of judges rushing through trials and motions in order to qualify for a bonus.• The Senate also increases the court administrator’s budget by $3 million, but makes that office, instead of the Justice Administrative Commission, responsible for overseeing the appointing of trial conflict counsel. If expenditures exceed $3 million, the extra would come from other parts of OSCA’s budget. Goodner said legislators are frustrated with the rising costs of conflict counsel, who are appointed when the local public defender and the regional conflict counsels have a conflict in a case (typically when there are three or more defendants) and private counsel must be appointed. Judges, she said, have been approving payments above the caps set by statute (which is allowed under the law). Last year those costs hit $2 million, and this year they hit $2 million for the first six months. Goodner said her office is working with lawmakers on the issue and chief judges “in the management of the awarding of these fees, so we can be sure in each and every case that the award is reasonable.” Defense attorneys have long complained that the statutory limits are too low, especially when cases are complex or drawn out.• In fallout from the controversy over the costs of building the First District Court of Appeal’s new headquarters in Tallahassee, both the House and Senate have proposed cuts to the First DCA’s budget. The Senate could cut about $314,000 and three positions, while the House would cut around $204,000 and four positions. In both cases, the money would come from funds transferred from the workers’ compensation system to help cover the DCA’s cost of hearing workers’ comp appeals.• The Senate budget includes some maintenance funding for other DCAs. The Fourth DCA would get $27,000 for carpeting and painting, another $78,500 for air-conditioning work, and $50,000 for general maintenance and upkeep; the Second DCA would get $43,750 for security improvements; and the Third DCA would get $57,350 to replace its telephone system.• The Senate has funding for a second year of the Innocence Commission, but the House does not. The commission is investigating the causes of 13 erroneous convictions in Florida and how to avoid future problems.Neither the House nor Senate budget addresses a problem with this year’s court budget: namely that the reliance on foreclosure filing fees caused severe financial problems when the number of those filings plummeted. The courts required emergency funding after foreclosures dropped following widespread paperwork and other problems that surfaced late last year.Goodner said lawmakers are relying on fiscal projections that show the number of foreclosure filings rebounding next year and adding more than $200 million to the courts’ revenue trust fund. Court officials, she said, have “a lot of skepticism” over that number.But the proposed budgets do recognize the difficulty the courts had this year when foreclosure filings were less than expected.“They are including in the back of the appropriations bills language that in any month that we’re short that would allow us to get a loan. That is a work in progress,” Goodner said.Another unknown part of the budget are separate plans in the House and Senate to have all state employees contribute to their pension funds and efforts that could change health care coverage — and how much employees pay for it. Those were still being debated as this News went to press. Lean courts’ budget heads to conference April 30, 2011 Gary Blankenship Senior Editor Regular Newslast_img read more

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Omar Mireles named president of HSL Properties

first_imgAfter more than a decade of significantly contributing to the success of HSL Properties, Inc., and remaining dedicated to the company’s growth throughout Arizona, Omar Mireles has been named President of the accomplished development company. He will replace HSL’s current President, Humberto S. Lopez, who has led the company since 1975 and will remain Chairman of the Board.On Lopez’s 70th birthday, December 1, the HSL reins are passing into the more than capable hands of Omar Mireles, current Executive Vice President. Mireles hails from Nogales, but spent much of his childhood in Tucson living with and learning from his uncle, HSL Co-Founder Humberto S. Lopez. Mireles graduated from Salpointe Catholic High School in Tucson, before heading to New York to attend Cornell University, where he studied Policy Analysis of Consumer Economics and Housing.After he graduated from Cornell, Mireles served a successful stint as an analyst in the Real Estate Finance Group of Donaldson, Lufkin & Jenrette in New York. Following the company’s merger with Credit Suisse First Boston, he moved onto the company’s Real Estate Finance and Securitization Group. In 2001 and 2002 he received recognition as the most valuable team player while heading the underwriting team in the CSFB Small Balance Loan Program and working on their real estate credit committee.In 2003, Mireles joined HSL as Executive Vice President, where he manages the company’s property portfolio worth more than $800 million, which includes acquisitions, dispositions, financing, and development. He has structured and negotiated over $500 million in real estate transactions and more than $300 million in loan transactions for HSL. Mireles heads the property development team and is president of HSL Asset Management, LLC, the company’s project management arm, which Mireles was instrumental in building into a thriving and successful part of HSL Properties.According to Co-Founder and former HSL President, Lopez, “Omar’s vision and drive were clear from the outset. When he joined HSL twelve years ago, he spearheaded the expansion of the organization. His leadership was vital in the creation of the construction company. With the asset management group, Omar proved at every turn that bringing this part of the business in-house was the best choice. It only took him three years to transfer the management of all HSL properties from their third-party management agents to our internal team. We know we are in good hands with Omar.”“The team at HSL is unmatched,” said Glenn Toyoshima, Executive Officer of HSL Properties. “They have astonishing vision and an enviable drive which will continue to propel HSL Properties through this transition and the next 40 years. Omar Mireles is an impressive leader who has taken up every challenge with grace and skill. He has helped build HSL into the company it is today and led this incredible team to new heights for the past decade. We all have complete faith that he will continue in the same dedicated fashion,” added Toyoshima.Mireles is not just committed to the growth and development of HSL Properties, but also to building growth in Arizona. He serves on the board of the Downtown Tucson Partnership and on the advisory board for Bank of Tucson. He is on the Board of Directors of Sun Corridor, Inc., formerly the Tucson Regional Economic Opportunities, Inc., a bi-national economic development organization focused on making an impact on the quality of life and competitiveness of businesses in the region. In 2012, Omar was named Man of the Year by the Tucson Hispanic Chamber of Commerce.Striking a careful balance of work and family, Mireles also serves on the board of directors of his alma mater, Salpointe Catholic High School, and Tu Nidito Children and Family Services, which serves grieving children in our community—serving those impacted by serious medical conditions and death, as well as their families.For the last 40 years, Humberto Lopez and Glenn Toyoshima have invested in and developed properties in the Southwestern United States as HSL Properties. The company now owns and operates a multimillion dollar portfolio including more than 10,000 apartment units in 41 apartment complexes throughout Arizona, making them the state’s largest apartment owner. The local business also owns three Tucson resorts.last_img read more

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New Content from Advances in Methods and Practices in Psychological Science

first_imgPersons as Effect SizesJames W. Grice, Eliwid Medellin, Ian Jones, et al.Grice and colleagues show how to compute and report the answer to the question “What percentage of people in my study behaved or responded in a manner consistent with theoretical expectation?” For many studies, they show, researchers can calculate the percentage of participants who matched the theoretical expectation. This percentage essentially treats people as effect sizes, a concept that scientists, professionals, and laypersons can understand. This percentage can reveal novel patterns of data that further advance theories in psychological science. Why Bayesian “Evidence for H1” in One Condition and Bayesian “Evidence for H0” in Another Condition Does Not Mean Good-Enough Bayesian Evidence for a Difference Between the ConditionsBence Palfi and Zoltan DienesPalfi and Dienes illustrate how the application of Bayes factors, like null hypothesis testing, can create inferential errors about differences between groups. This happens if the researchers compare simple effects in the groups instead of comparing the groups directly (i.e., if they do not test the interactions). The authors provide an example of these problems and the R script of the analyses. They also provide an app that can be used to calculate the Bayes factor for each group separately and for the interaction between groups, helping researchers develop intuitions about potential inferential mistakes. Boundary Conditions for the Practical Importance of Small Effects in Long Runs: A Comment on Funder and Ozer (2019)James D. Sauer and Aaron DrummondFunder and Ozer (2019) argued for the importance of small effects that may accumulate to have practical importance. Sauer and Drummond suggest that open data and preregistration will make small effects easier to verify, but they caution researchers to take two considerations into account. The first consideration is restricted extrapolation; researchers must be careful not to overstate the importance of small effects by extrapolating to unmeasured consequences. The second is construct validity, as a small effect on an operationalized variable may be stronger or weaker than the effect on the construct of interest. Laypeople Can Predict Which Social-Science Studies Will Be Replicated SuccessfullySuzanne Hoogeveen, Alexandra Sarafoglou and Eric-Jan WagenmakersIn reviewing key findings from the social-science literature that have not been successfully replicated, laypeople were able to accurately predict replication success 59% of the time. Participants without a Ph.D. in psychology evaluated 27 key findings and predicted whether the finding would be replicated. When participants were also informed about the strength of the studies’ evidence, their predictive accuracy went up to 67%. The authors apply signal detection theory and show that this accuracy above chance does not appear to be due to response bias but to reflect discrimination abilities. Commentary on Hussey and Hughes (2020): Hidden Invalidity Among 15 Commonly Used Measures in Social and Personality PsychologyEunike Wetzel and Brent W. RobertsHussey and Hughes (2020) investigated four psychometric properties relevant to the structural validity of questionnaires and scales widely used in social and personality psychology. They found that when they considered test-retest reliability, factor structure, and measurement invariance for age and gender groups, only 4% of the measures demonstrated good validity. Here, Wetzel and Roberts argue that (a) these measurement issues had not been previously ignored, (b) the models Hussey and Hughes used to test validity did not match the constructs in many of the measures, and (c) their analyses and conclusions were limited by the use of a dichotomic measurement of invariance.last_img read more

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