Investors in the financial market are supposed to hold diversified portfolios to minimize their risk adjusted for expected return. However, several researchers have pointed out that most investors are over weighted in their home market. This means that most diversification happens in terms of choosing stocks in the home market which means that further possible diversification through international diversification is unused. One can therefore expect that foreign investors have preferences for securities with specific characteristics once they go abroad. An earlier study of the Swedish stock market over the years 1993-1997 has shown that foreign investors, in greater extent than domestic investors, have a preference for large firms, firms paying low dividend and firms with low leverage. With the steep up-turn of the Swedish stock market before the millennium and the down-turn in year 2000 in mind, this study examine whether the investment patterns between 1996 and 2005 are consistent with the results of earlier investigations. In general the results are consistent with earlier investigations. However, this study also shows that foreign investors seem to be more interested in choosing securities with relatively high fundamental value and lower level of leverage during market down-turns.

Att ha attityder grundade i rationella tankar uppfattas som mer önskvärd än att ha attityder som är grundade i externa faktorer. Människor är benägna att uppfatta individer som håller med dem som mer rationella och mindre externt influerade i sina preferenser än individer som inte håller med. Construal Level Theory förutsätter högre psykologisk distans för med sig ökad bias. Högstatusindivider har en högre psykologisk distans vilket leder till ökad bias. I studien undersöks hur psykologisk distans och individens benägenhet att tolka världen naivt, utifrån eget perspektiv, inverkar på mellangruppsattributioner. Resultaten visar att deltagarna skattar preferenserna av de som har samma åsikt i en fråga som mer rationella än dem som har motsatt åsikt, och att maktposition leder till ökad bias. Studien har betydelse för förståelsen om hur gruppmedlemmar interagerar med varandra, samt hur oreflekterat innehavande av makt och status kan leda till felaktiga tankemönster, vilka i sin tur kan leda till felaktiga beslut.

Since its creation in 1998, the Implicit Association Test (IAT) has become a commonly used measure in social psychology and related fields of research. Studies of the cognitive processes involved in the IAT are necessary to establish the validity of this measure and to suggest further refinements to its use and interpretation. The current thesis used ERPs to study cognitive processes associated with the IAT. The first experiment found significant differences in P300 amplitude in the Congruent and Incongruent conditions, which were interpreted as a reflection of greater equivocation in the Incongruent condition. The second experiment tested the task-set switching account of the IAT in much greater detail by analyzing each trial type separately. In the Congruent condition, all trial types elicited the same amplitude P300. Local probability, and the consequent checking and updating of working memory, was thought to be responsible for differences between trials of the Incongruent condition that required or did not require a task switch. The final experiment examined the role of working memory in the IAT by introducing obtrusive and irrelevant auditory stimuli. The results of Experiment 3 indicated that the introduction of an obtrusive and irrelevant auditory increment deviant has little overall effect on the IAT, and a similar effect on switch and no-switch trials within the Incongruent condition. This could have been because both the Congruent and Incongruent conditions of the IAT make such extensive demands on central processing resources that few are available to allow for the switching of attention, or it is possible that the IAT does not require significant updating of working memory. The usefulness of ERPs in the study of the IAT effect is demonstrated by the current research. In particular, the finding that behavioural results were not always consistent with the ERP results demonstrates that electrophysiological measures can complement traditional behavioural measures.

Exploring the relationship between prejudice and ethical decision-making within individuals that wish to pursue a career in the field of criminal justice has the potential to yield valuable insights on the ways that moral decisions may be impacted by extraneous factors. The objective of this thesis was to explore this relationship by means of quasi-experimental design and through examining 30 potential criminal justice candidates. Results suggested that significant associations between explicit racial attitudes and ethical decision-making are largely context-specific. Conversely, there was no significant relationship found between implicit racial attitudes and decision-making. In conducting this study, a better understanding of the role that explicit factors contribute within the decision-making process was revealed and a gap within the literature was identified. Also worthy of note, this study was the first known research inquiry into the relationship between both implicit and explicit attitudes and ethical decision-making within a Canadian criminological setting.

Abstract Problem: In today’s business environment, rising demand in financial reporting and frequent changes in accounting frameworks lead to an increased focus on reliability in Fair Value Measurement (FVM) and disclosures. The frequent changes in accounting frameworks create a challenge for managers in measuring accounting estimates accurately and have been an exceedingly difficult task. The difficult task is that of the auditors. How would auditors endorse and ensure the reliability and relevance of financial statements? Also how could they evaluate the accuracy of the measurement of fair values as presented in the financial statements? (IFAC, 2011, ISA 540). Purpose: The purpose of this thesis is to explore the methods and approaches used by auditors while auditing fair values from practical perspectives. Method: A multiple case study with pure qualitative methods and an inductive approach has been adopted. The qualitative method used a semi-structured interview to collect data.  Result: The result shows that by understanding the challenges and following the phases of auditing, auditors can maintain the quality of financial reporting. Four key audit phases are relevant to audit FVM. These are: understanding the Client-Business environment, Engagement, Internal Control, and Planning phases of auditing. Furthermore, the results revealed key challenges of auditing FVM and disclosures. These challenges are information insufficiency in the market (reliability), competence, auditors’ lack of fair value audit exposure, and the manager's leadership role and style. Moreover, as previous studies on FV have primarily relied on synthesis of academic literature, the thesis contributes knowledge to academia by using an empirical approach.

In four experiments we used eye-tracking to investigate biases in looking behaviour during visual decision making tasks. In Experiment 1, participants viewed arrays of images of photographic art and decided which image was preferred (from a set of either two or eight alternatives). To analyze gaze behaviour during the decision we identified dwells (where a dwell is a series of consecutive fixations on a decision alternative). This analysis revealed two forms of gaze bias in the period prior to the response. Replicating prior findings (Shimojo, Simion, Shimojo, & Scheier, 2003), just prior to the response we found an increase in the frequency of dwells on the chosen item. In addition, throughout the decision, dwells on the chosen item were longer than dwells on other items. This pattern of biases was extremely similar across preference and non-preference decision instructions, but overall the biases were more pronounced in eight alternative decisions than in two alternative decisions. In Experiment 2 we manipulated the number of decision alternatives while controlling for differences in the stimulus displays. Participants viewed displays containing six everyday items, and chose either which of two sets of three items was the most expensive (two alternative set selection task) or which of the six items was the most expensive (six alternative item selection task). Consistent with Experiment 1, participants exhibited greater selectivity in their processing of stimulus information in the six alternative decisions compared to the two alternative decisions. In Experiments 3 and 4 we manipulated stimulus exposure in order to test predictions derived from the Gaze Cascade model (Shimojo et al., 2003). In Experiment 3, participants performed an eight alternative decision in which four of the items had been pre-exposed prior to the decision. In Experiment 4, stimulus exposure was manipulated during the ongoing decision using a gaze-contingent methodology. While these manipulations of stimulus exposure had strong effects on gaze bias, the specific predictions of the model were not supported. Rather, we suggest an interpretation based on prior research, according to which the gaze bias reflects the selective processing of stimulus information according to its relevance to the decision task.

The purpose of this thesis is to examine impacts of devolution of post secondary education focusing on First Nations in Canada. I will critically examine the impacts of devolution and education policy in relation to First Nation administration of the post secondary education program. I argue that the issue of post secondary education as a First Nation treaty right is at the center of discord in relation to education policy. The nature and scope of post secondary education as a treaty right continues to be an unresolved issue between First Nations' and the Federal Government of Canada.<p> In the 1960s, the Department of Indian Affairs and Northern Development (DIAND) administered a successful post secondary program resulting in increased numbers of First Nation students overall in college, technical and university populations. The policy of the time was to create conditions for First Nations to increase access to higher education. In time, the direction of the policy would change as in the 1980s the government's fiduciary responsibilities devolved post secondary education to First Nations.<p> Devolution of programs and services provided the rationale for greater self-control for First Nations to train their own labour force. The process of devolution, however, has not benefited most First Nations in terms of the amount of funding available for the delivery and administration of programs and services. Rather, insufficient budget allocations resulted in some First Nation administrations inheriting a deficit budget for programs and services.<p> An examination of the Indian Act provides evidence to the state's larger project of moral regulation within its education policy. The thesis provides a view of how First Nations have internalized limitations contained within social policies of the Indian Act. First Nations are faced with challenges in educating, training and securing employment for their band membership. Due to the nature of the funding, First Nations are forced to make decisions on which band members can access programs and services. Moreover, when examining the impacts of defining who is the right kind of Indian to educate, First Nations education policy demonstrates the internalization of what is the right kind of Indian to educate and train by the nature and scope of their criteria. First Nations are in control of training their own labour force and developing criteria on who is the right kind of Indian to educate.

This study examined 11 programs designed to prevent violence in youth intimate relationships with a focus on programs for male youth currently or recently used in Ontario. The BIAS FREE Framework was used to reveal hierarchies and biases in the program materials and to help formulate solutions to the identified problems. Gender, race, class, geographic location and at risk factors were considered. Most programs maintained and denied gender hierarchies by failing to examine differences and using double standards, mainly due to second person and gender neutral language. Programs for mixed-sex audiences were found to be biased in favour of male, urban audiences. Programs for male youth were biased in favour of urban audiences. Most programs examined contained many useful elements. Recommendations include the need for gender inclusive practices, audience-specific intimate violence prevention program content, particularly for male youth, communication across involved sectors and consistency in related definitions and terminology.

“Positive illusions” refer to the tendencies to perceive the self and others positively. The current study proposes that cultural norms regarding positive illusions contribute to cultural differences in well-being. All pairs of participants completed self-reports and informant reports, and served both as perceivers and targets (N = 906 undergraduate students). A novel validated measure of positive illusions and multi-method assessment of well-being were used to examine cultural differences between Asians and Westerners in well-being. Positive illusions were assessed by means of the halo-alpha-beta model of correlations among ratings of participant’s own and an acquaintance’s personality on the Big Five dimensions (Anusic, Schimmack, Pinkus, & Lockwood, 2009). The results suggest that rating biases influence cross-cultural comparisons of well-being and that European and Asian Canadians have similar levels of well-being.

This study examined 11 programs designed to prevent violence in youth intimate relationships with a focus on programs for male youth currently or recently used in Ontario. The BIAS FREE Framework was used to reveal hierarchies and biases in the program materials and to help formulate solutions to the identified problems. Gender, race, class, geographic location and at risk factors were considered. Most programs maintained and denied gender hierarchies by failing to examine differences and using double standards, mainly due to second person and gender neutral language. Programs for mixed-sex audiences were found to be biased in favour of male, urban audiences. Programs for male youth were biased in favour of urban audiences. Most programs examined contained many useful elements. Recommendations include the need for gender inclusive practices, audience-specific intimate violence prevention program content, particularly for male youth, communication across involved sectors and consistency in related definitions and terminology.