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For nearly two decades, in the field of educational administration, Bates’s critical theory has been one of the most vigorous challenges to the value neutral approach of traditional theories. He has been a key voice claiming that such theories are ideological and mainly concerned with protecting vested interests and class divisions in society. Despite their theoretical endurance and practical implications, the main ideas advocated by Bates’s critical theory have not been examined seriously in the field. This paper analyses the main ideas of Bates’s critical social theory in three ways. First, the major intellectual influences that shaped Bates’s theory are examined. Second, those areas where Bates and Greenfield shared similar views yet took different approaches are considered. Finally, the main arguments that critics raised against Bates are examined and evaluated.

In 1960, Alfred Hitchcock’s Psycho stunned both the cinema-going public and critics alike. Its tale of a young, genial, likeable and mother-fixated hotel proprietor – Norman Bates (played by Anthony Perkins) – whose psychotic tendencies and fractured personality tapped into the zeitgeist of an America changing in a post-World War II world, was very much the antithesis of rock ‘n’ roll rebels like Elvis Presley and James Dean. Norman Bates was Anthony Perkins and Anthony Perkins was Norman Bates.

In 2013, Norman resurfaced from numerous remakes in Bates Motel. With its nod to the past, and a look to the future of how Norman’s story pans out, the series’ narratives, characters and situations showed there was life for him, his mother and the motel beyond cinema.

This chapter examines how Creed’s ideas of ‘Monstrous’ can be overlaid onto Norman, his mother Norman and Bates Motel.

The purpose of this paper is to investigate empirically the forecasting performance of jump-diffusion option pricing models of (Merton and Bates) with the benchmark Black–Scholes (BS) model relative to market, for pricing Nifty index options of India. The specific period chosen for this study canvasses the extreme up and down limits (jumps) of the Indian capital market. In addition, equity markets keep on facing high and low tides of financial flux amid new economic and financial considerations. With this backdrop, the paper focuses on finding an impeccable option-pricing model which can meet the requirements of option traders and practitioners during tumultuous periods in the future.

Envisioning the fact, the all option-pricing models normally does wrong valuation relative to market. For estimating the structural parameters that governs the underlying asset distribution purely from the underlying asset return data, we have used the nonlinear least-square method. As an approach, we analyzed model prices by dividing the option data into 15 moneyness-maturity groups – depending on the time to maturity and strike price. The prices are compared analytically by continuously updating the parameters of two models using cross-sectional option data on daily basis. Estimated parameters then used to figure out the forecasting performance of models with corresponding BS and market – for pricing day-ahead option prices and implied volatility.

The outcomes of the paper reveal that the jump-diffusion models are a better substitute of classical BS, thus improving the pricing bias significantly. But compared to jump-diffusion model of Merton’s, the model of Bates’ can be applied more uniquely to find out the pricing of three popularly traded categories: deep-out-of-the-money, out-of-the-money and at-the-money of Nifty index options.

The outcome of this research work reveals that the jumps are important components of pricing dynamics of Nifty index options. Incorporation of jump-diffusion process into option pricing of Nifty index options leads to a higher pricing effectiveness, reduces the pricing bias and gives values closer to the market. As the models have been tested in extreme conditions to determine the dominant effectuality, the outcome of this paper helps traders in keeping the investment protected under normal conditions.

The specific period chosen for this study is very unique; it canvasses the extreme up and down limits (jumps) of the Indian capital market and provides the most apt situation for testifying the pricing competitiveness of the models in question. To testify the robustness of models, they have been put into a practical implication of complete cycle of financial frame.

Purpose – Driver education and licensing are two mechanisms used to reduce crash rates. The purpose of this chapter is to provide an overview of these countermeasures and consider how simulators can be used to augment more traditional approaches.

Approach – A literature review was undertaken evaluating key concepts in driver licensing including graduated driver licensing (GDL), the role of parents in licensing, compliance and enforcement, driver testing and how the driver licensing system impacts on levels of unlicensed driving. Literature regarding driver education for individuals who have and not yet obtained a licence was also reviewed.

Findings – GDL is a successful countermeasure for reducing the crash rates of young novice drivers as it limits their exposure to higher risk situations. The support for driver education initiatives is mixed. As there are big differences between education programs, there is a need to consider each program on its own merits. Driving simulators provide a safe environment for novices to gain experience. In particular, they may be bifacial for development of hazard perception and visual scanning skills.

Practical Implications – GDL systems should be introduced where appropriate. Existing systems should be strengthened where possible by including additional, best-practice and restrictions. When considering driver education as a countermeasure, the type of program is very important. Education programs that have been shown to increase crashes should not be introduced. Further research and development are necessary to ensure that driver education and licensing adequately equip novice drivers with the skills necessary to drive in the 21st century.

Purpose – Inspired by “old” institutional arguments, this chapter presents the ideas of both the “old” and “new” institutional perspective as their arguments appear in the economic anthropology literature following the substantivist–formalist debate of the 1960s.

Design/methodology/approach – During the 1960s the substantivist–formalist debate, otherwise known as the “Great Debate,” thrust institutional thought to the forefront of economic anthropology. By the close of the 1960s, the substantivist–formalist debate passed unresolved. Institutional economic anthropology reached a crossroad – it could continue the legacy of the substantivism as represented by “old” institutionalism or follow the path of “new” institutional economics. Against the long shadow of the “Great Debate,” this chapter identifies key epistemological ideas that are present within the recent history of the institutional economic anthropology literature.

Findings – On the basis of epistemological arguments, the chapter suggests that if the substantivist–formalist debate, often times referred to as the “Great Debate,” is ever to achieve closure, then practitioners of institutional economic anthropology would benefit by moving beyond “new” institutional thought.

Originality/value – This chapter provides a unique evaluation of the institutional perspective within the history of economic anthropology. Residing within this history are clear and poignant distinctions between the “old” and “new” institutional perspectives. As a result, this chapter seeks to bring to social scientists interested in institutional economists, important insights from economic anthropology that may have otherwise gone unnoticed.

In this conceptual essay, the purpose of this paper is to argue that the structure of databases and other information systems provides valuable information beyond their content. The author contends that reading databases – as a separate, distinct activity from retrieving and reading the documents that databases contain – is an under-studied form of human-information interaction. Because the act of reading databases encourages awareness, reflection, and control over information systems, the author aligns the author’s proposal with “slow” principles, as exemplified by the slow food movement.

This paper presents an extended argument to demonstrate the value of reading a database. Reading a database involves understanding the relationship between database structure and database content as an interpretation of the world. For example, when a supermarket puts vermicelli in the pasta section but rice vermicelli in the Asian section, the supermarket suggests that rice vermicelli is more “Asian” than “noodle.” To construct the author’s argument, the author uses examples that range from everyday, mundane activities with information systems (such as using maps and automated navigation systems) to scientific and technical work (systematic reviews of medical evidence).

The slow, interpretively focused information interactions of reading databases complement the “fast information” approach of outcome-oriented retrieval. To facilitate database reading activities, research should develop tools that focus user attention on the application of database structure to database contents. Another way of saying this is that research should exploit the interactive possibilities of metadata, either human-created or algorithmically generated.

This paper argues that information studies research focuses too heavily on seeking and retrieval. Seeking and retrieval are just two of the many interactions that constitute our everyday activities with information. Reading databases is an area particularly ripe with design possibilities.

Supporting community participation and social inclusion is a key goal of modernised day services but there is a lack of instruments to measure these outcomes. This paper discusses issues around the measurement of social inclusion, presents a pilot study and introduces the Inclusion Web, a strategy to record changes in social networks and environment while supporting the concept of a shared perspective of social inclusion. Two aspects of social and community participation are quantified and tallied over eight life domains: people (personal relationships) and places (institutions that matter to the individual).

The General Accounting Office (GAO) has been Congress’ long‐serving auditor, issuing reports designed to improve the operations of government agencies and to enhance their cost effectiveness. In order to do this effectively, it must have unrestricted access to records. The GAO, in response to a request from two congressmen, sought access to records and names of attendees at an energy planning group meeting held in 2001. Access was denied by Vice President Cheney. The GAO then brought a suit to secure access. The suit was dismissed by District Circuit Judge Bates and the Comptroller General decided not to appeal. At this time the GAO's continuation as a super audit agency appeared highly uncertain, resulting in an emasculation of Congress’s powers.

When the UK's Milk Marketing Boards (MMB) were disbanded in 1994 the formal link between the farm gate milk price with the milk's end‐use was broken. The purpose of this paper is to examine whether milk prices fell to their “marginal value in the least remunerative use” or whether “the market had put in place some other mechanism for raising the price upwards”.

An on‐line survey of UK milk producers, open to all, conducted in the summer of 2008, explored farmers' knowledge of their milk contract, the use of their milk, and the reasons for choosing their current milk buyer.

A liquid milk price premium (of 1.06ppl.) was earned by farmers who: sold on liquid milk contracts to processors, rather than to one of the three large farmer‐owned co‐operatives; and who recently switched milk buyer. Switching incurred high transaction costs, additional uncertainty, and went against commitments to the co‐operative ideal.

Publication of differences between a buyer's milk price and a benchmark related to how the milk is processed, (a D‐score), cumulative difference values (D_C), 12 and 24 monthly moving average difference measures (D_MA12 and D_MA24 respectively) alongside milk buyers' milk price would improved supply chain transparency, and lower farmers' switching costs. It would also help farmers to treat their milk's final markets, rather than their milk buyer, as their customers.

The paper puts forward practical suggestions that have never been discussed by the UK supply chain, even though they would have direct and indirect benefits to the actors involved.

This chapter provides a retrospective and prospective exploration of some of the challenges faced by doctoral education, specifically as they relate to advanced studies of educational administration (EA).

It applies a critical stance to the current status of knowledge in the ‘leadership field’ and the intellectual underpinnings that inform the studies available as reference for doctoral students.

Nested within wider changing conditions for university and doctoral education, it is argued that the published field as currently constituted suffers from both banal and ‘non-wicked’ leadership orthodoxies that might lead to doctoral stagnation.

Reasons are suggested and prospects considered for revitalising scholarship for the upcoming generation of EA alumni, scholars and practitioners.