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RWHB Radar Warning & Homing Building
RWHB Return With Honor Best
RWHB Remote Blue Whiting
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RWHB Rain Water harvesting Building

 

Random walk hypothesis Behavioral


RWHB Radio WHB
WHB (810 AM) is a commercial sports radio station in Kansas City, Missouri. While its five directional towers are located along Interstate 435 in the Northland, its studios are located in the suburb of Overland Park, Kansas, also the headquarters of its owner, Union Broadcasting.

WHB is the Kansas City market affiliate for Kansas State Wildcats and UMKC Kangaroos athletics.
Early broadcasting years (1922-1954)

Established by Sam Adair and John T. Schilling, WHB debuted on April 10, 1922 at the frequency 833 kHz, and remains Kansas City's second oldest radio station. WHB formally gained its license on May 10. Originally owned by Sweeney Automotive School, Cook's Paint and Varnish Company purchased the station in 1930. The station jumped between 730 kHz and 850 kHz before 1946, when the Federal Communications Commission authorized the station to broadcast at its desired position at 710 kHz.

The station published a quarterly magazine called Swing, keeping readers up to date with the Kansas City music scene, which had waned in the wake of the Pendergast Machine's downfall and World War II.

While owned by Cook, WHB expanded briefly into FM radio and television, operating on the frequency 102.1 MHz (now KCKC-FM) and sharing Channel 9 with KMBC-TV.

Todd Storz and "SEVENTY-ONEderful" (1954-1985)

Omaha entrepreneur Todd Storz and his Mid-Continent Broadcasting Company purchased WHB from Cook on June 10, 1954. Upon the sale, WHB-TV was absorbed by KMBC-TV, which Cook purchased the month before.

Building on his successful attempts at increasing listenership at KOWH in Omaha (now KCRO) and WTIX-AM in New Orleans, Storz discontinued WHB's network affiliation programming and introduced a Top 40 format. WHB became an instant hit in Kansas City, becoming the most popular station by the end of the year. With 10,000 watts in the daytime, WHB became one of the most powerful Top-40 stations in the country, attracting programming directors and station owners from across the country to observe Storz's operations. One observer was Gordon McLendon, who went back to Dallas and introduced his version of Top-40 radio at KLIF-AM. Another personage, Rick Sklar, also heard WHB and adapted elements of its format to build Top-40 formats in New York City, most notably, Musicradio 77 WABC, which became the most listened to radio station in North America during the 1970s. There is another New York connection. Ruth Meyer worked at WHB in the late 1950s, and went on to become the program director of WMCA, leading the station to the position of #1 pop music station in New York between 1963 and 1966.

Storz cultivated listenership numbers by one of his treasure hunts. One day in 1955, WHB broadcast clues telling listeners where they might find a prize worth $1000. After leading listeners throughout the metropolitan, the final clue resulted in traffic tie-ups outside Loose Park as listeners tried to be the first to find the station's logo painted on the back of a turtle. Although listenership soared to as much as 50 percent, KCMO police chief Bernard Brannon suggested in the June 4, 1956 issue of Time Magazine that Storz's treasure hunts should be banned. Storz continued to operate daily, weekly, and monthly cash promotions to maintain listenership.

WHB also pioneered the talk radio format with their late-night program "NiteBeat". Using a multi-line system invented by WHB engineer Dale Moody, deejays and hosts could field calls from across the Midwest as guests from all walks of life visited the studio. WHB also kept their listeners informed with "News at 55" and a world time check at the top of every hour, which the station claimed to be accurate "to 1/20000 of a second."

"Yours truly, WHB"

WHB used the melodic and catchy PAMS jingles to keep listeners tuned to the station, as well as limiting the number of commercials per hour and a tight playlist limited to songs on the Top 40. Those jingles called WHB the "World's Happiest Broadcasters."

WHB's popularity increased as songs on the Top 40 began to include rock and roll hits by Elvis Presley, Bobby Darin, and The Beatles. Months after the Beatles landed in the United States, Todd Storz died of a stroke at age 39. Despite Storz's death, WHB remained on top, as prolific deejays including Johnny Dolan and Phil Jay commanded the WHB Air Force. As late as 1981, WHB's ratings remained in the double digits.

Decline of AM

WHB, however, could not fend off the increasing competition from FM radio. Starting in 1972 with KBEQ-FM, WHB's listenership declined as more Kansas Citians listened to their favorite hits with less interference. While KBEQ and KUDL transitioned from their AM to FM frequencies, WHB never acquired an FM frequency, nor did any of their sister stations.

Oldies (1985-1993)

Storz Broadcasting, then led by Todd's father Robert, sold WHB to Shamrock Broadcasting, a group led by Roy Disney, in 1985. WHB discontinued Top-40 in favor of an oldies format, capitalizing on the playlists they maintained in the past. In 1989, KCMO-FM became Oldies 95 and quickly won over former WHB listeners. Once commanding 50 percent of Kansas City's 1.1 million radio listeners, WHB only attained a 1.2 rating in Winter 1990.

"The Farm" (1993-1999)

Shamrock leased WHB in 1993 to Apollo Communications, who upon buying the station on September 24, sold the station to Kanza Communications of Carrollton, Missouri. Kanza simulcasted their farm format already playing on FM stations in Carrollton and Tarkio, Missouri. Competing with four other country stations in Kansas City alone (including longtime rival WDAF, still at 610 kHz, and KBEQ, who switched to country in February), WHB struggled to gain a sufficient audience. A frequency swap with talk radio station KCMO-AM on October 3, 1998 gave WHB a larger daytime coverage area. However, the station could not remain at 50,000 watts overnight, as KGO in San Francisco, California and WGY in Schenectady, New York have clear channel dominance.

Today: "Sportsradio"

Union Broadcasting, led by banker Jerry Green, former Royals pitcher Jeff Montgomery, broadcaster Kevin Kietzman and Chad Boeger, owner of the sports station KCTE-AM in Independence, Missouri, purchased WHB from Kanza for an unprecedented USD$8 million. Because KCTE could only broadcast in the daytime, Union transferred the sports radio format, including news from ESPN Radio and games from the Westwood One radio network, to WHB in October 1999. In response, Entercom moved WDAF to FM in 2002 to make way for a rival sports station, KCSP-AM. Jason Whitlock, Bill Maas, and Tim Grunhard were a part of the first years of WHB programming. All three left for KCSP. Only Grunhard remains on the air at KCSP. Soren Petro joined WHB after KMBZ ended sports talk and moved it to KCSP. He started in January 2004.

WHB picked up broadcasting rights to Kansas City Royals baseball games in 2003, allowing its Arbitron ratings share to peak in the spring at 4.0. In 2007, WHB withdrew its bid to renew their rights and Entercom will broadcast games on KCSP beginning in 2008. Even when the Royals are not playing, WHB still maintains a sizably larger audience than KCSP, yet considers FM rock stations KQRC, KYYS, and KCFX their primary rivals for listeners in the 18-49 male market. "Between the Lines", hosted by Kevin Kietzman, former WDAF-TV sportscaster, from 2-5 p.m., ranks among the top-rated shows in the city. However, Petro consistently obtains higher ratings than Kietzman in a less favorable time slot. Another WDAF sportscaster Frank Boal also hosts a show. He sometimes is paired up with Metro Sports and former KMBC's Dave Stewart or with Len Dawson or ex-Royals George Brett or Joe Randa and announcer Kevin Harlan, among a list of rotating people on that show. WHB is now one of the nation's largest all-sports radio stations, with their signal reaching to Iowa, Nebraska, part of Oklahoma, and far western Kansas except after 8:00 pm when the station must power down.

WHB and Union's programming options have broadened, airing Kansas City Brigade arena football games since the team's inception in 2006. On January 4, 2007, sister station KCXM became a full simulcast of ESPN Radio, allowing WHB to focus more on local sports talk. Days later, Jerry Green, the majority shareholder in Union Broadcasting, filed suit against Boeger and Union Broadcasting, for the switch to sports talk on KCXM. Green, whose health had been declining, eventually would remove his interest from Union Broadcasting and died on August 15, 2007, at the age of 77.

In 2007, host "Bulldog" Bob Fescoe left WHB for Saint Louis sports station KFNS.

Personalities then and now

1922-1954

* Sam Adair
* Bob Arbogast
* Emory Sweeney
* John T. Schilling
* Hobie Shep

1954-1993

* Don Armstrong
* Jay Walter Beethoven
* Walt Bodine
* Dan Diamond
* Johnny Dolan
* Richard Ward Fatherly
* Phil Jay
* Don Laughnane
* Dan O'Shea
* Wayne Stitt
* Jeff Roberts
* Wayne Combs
* Charles Gray
* Annie Austin
* Dan Donovan
* Pam Whiting
* Chickenman

Current Sportsradio

* Dave Armstrong
* Frank Boal
* Nate Bukaty
* Danny Clinkscale
* Kevin Harlan
* Todd Leabo
* Kevin Kietzman
* Soren Petro
* Steven St. John
* Kurtis Seaboldt
* Dave Stewart
* Doug Stewart


 

Random walk hypothesis Behavioral


The random walk hypothesis is a financial theory stating that stock market prices evolve according to a random walk and thus the prices of the stock market cannot be predicted. It has been described as 'jibing' with the efficient market hypothesis. Investors, economists, and other financial behaviorists have historically accepted the random walk hypothesis. They have run several tests and continue to believe that stock prices are completely random because of the efficiency of the market.

The term was popularized by the 1973 book, A Random Walk Down Wall Street, by Burton Malkiel, currently a Professor of Economics and Finance at Princeton University.
Testing the hypothesis

Burton G. Malkiel, an economist professor at Princeton University and writer of A Random Walk Down Wall Street, performed a test where his students were given a hypothetical stock that was initially worth fifty dollars. The closing stock price for each day was determined by a coin flip. If the result was heads, the price would close a half point higher, but if the result was tails, it would close a half point lower. Thus, each time, the price had a fifty-fifty chance of closing higher or lower than the previous day. Cycles or trends were determined from the tests. Malkiel then took the results in a chart and graph form to a chartist (a person who “seeks to predict future movements by seeking to interpret past patterns on the assumption that ‘history tends to repeat itself’”) (Keane 11). The chartist told Malkiel that they needed to immediately buy the stock. When Malkiel told him it was based purely on flipping a coin, the chartist was very unhappy. This indicates that the market and stocks could be just as random as flipping a coin.

The random walk hypothesis was also applied to NBA basketball. Psychologists made a detailed study of every shot the Philadelphia 76ers made over one and one-half seasons of basketball. The psychologists found no positive correlation between the previous shots and the outcomes of the shots afterwards. Economists and believers in the random walk hypothesis apply this to the stock market. The actual lack of correlation of past and present can be easily seen. If a stock goes up one day, no stock market participant can accurately predict that it will rise again the next. Just as a basketball player with the “hot hand” can miss his or her next shot, the stock that seems to be on the rise can fall at any time, making it completely random.

A non-random walk hypothesis

There are other economists, professors, and investors who believe that the market is predictable to some degree. The people believe that there are trends and incremental changes in the prices and when looking at them, one can determine whether the stock is on the rise or fall. There have been key studies done by economists and a book has been written by two professors of economics that try to prove the random walk hypothesis wrong.

Martin Weber, a leading researcher in behavioral finance, has done many tests and studies on finding trends in the stock market. In one of his key studies, he observed the stock market for ten years. Over those ten years, he looked at the market prices and looked for any kind of trends. He found that stocks with high price increases in the first five years tended to become under-performers in the following five years. Weber and other believers in the non-random walk hypothesis cite this as a key contributor and contradictor to the random walk hypothesis.

Another test that Weber ran that contradicts the random walk hypothesis was finding stocks that have had an upward revision for earnings outperform other stocks in the forthcoming six months. With this knowledge, investors can have an edge in predicting what stocks to pull out of the market and which stocks — the stocks with the upward revision — to leave in. Martin Weber’s studies detract from the random walk hypothesis, because according to Weber there are trends and other tips to predicting the stock market.

Professors Andrew W. Lo and A. Craig MacKinlay, professors of Finance at the MIT Sloan School of Management and the University of Pennsylvania, respectively, have also tried to prove the random walk theory wrong. They wrote the book A Non-Random Walk Down Wall Street, which goes through a number of tests and studies that try to prove there are trends in the stock market and that they are somewhat predictable. They try to prove it with what is called the simple volatility-based specification test, which is an equation that states:

X_t = \mu + X_{t-1} + \epsilon_t\,

where

Xt is the price of the stock at time t

μ is an arbitrary drift parameter

εt is a random disturbance term.

With this equation, they have been able to put in stock prices over the last number of years, and figure out the trends that have unfolded (Non-Random 19). They have found small incremental changes in the stocks throughout the years. Through these changes, Lo and MacKinlay believe that the stock market is predictable, thus contradicting the random walk hypothesis.

Random walk hypothesis vs. market trends

The hypothesis does have its detractors. Research in behavioral finance has shown that some phenomena, for example market trends, might in some cases contradict that hypothesis.

Profs. Andrew W. Lo of MIT and A. Craig MacKinlay set about to prove the theory wrong with their paper and synonymous book, A Non-Random Walk Down Wall St., published in 1999 by the Princeton University Press. They argue that the random walk does not exist and that even the casual observer can look at the many stock and index charts generated over the years and see the trends. If the market were random, it is argued, there would never be the many long rises and declines so clearly evident in those charts. Subscribers to the random walk hypothesis counter-argue that past performance cannot be indicative of future performance in a semi-strong market economy.

Prediction Company, started by chaos physicists Norman Packard and Doyne Farmer, has been attempting to predict the stock market since 1991. So far, they have proved moderately successful.

 

Rain Water harvesting Building


Traditionally, rainwater harvesting has been practiced in arid and semi-arid areas, and has provided drinking water, domestic water, water for livestock, water for small irrigation and a way to replenish ground water levels. This method may have been used extensively by the Indus Valley Civilization.

Currently in China and Brazil, rooftop rainwater harvesting is being practiced for use for all the above purposes. Gansu province in China and semi-arid north east Brazil have the largest rooftop rainwater harvesting projects ongoing.

Rainwater harvesting in urban areas can have manifold reasons. To provide supplemental water for the city's requirement, to increase soil moisture levels for urban greenery, to increase the ground water table through artificial recharge, to mitigate urban flooding and to improve the quality of groundwater are some of the reasons why rainwater harvesting can be adopted in cities. In urban areas of the developed world, at a household level, harvested rainwater can be used for flushing toilets and washing laundry. Indeed in hard water areas it is superior to mains water for this. It can also be used for showering or bathing. It may require treatment prior to use for drinking.

Two residences in the city of Toronto, Canada, use treated harvested rainwater for drinking water, and reuse water (i.e. treated wastewater) for all other household water applications including toilet flushing, bathing, showers, laundry, and garden irrigation (Toronto Healthy House).

In New Zealand, many houses away from the larger towns and cities routinely rely on rainwater collected from roofs as the only source of water for all household activities. This is almost inevitably the case for many holiday homes.

Systems

There are many types of systems to harvest rainwater. The type used depends on physical and human considerations.

A mechanism can be used to send the initial water flow to waste, usually the first few liters. These are commonly known as 'first-flush' diverters, and are used to increase the chance that the large-particle residue that might accumulate on your collection surface is washed away from (and not into) your storage tank. Such a system also compensates for the fact that the initial minutes of a rainfall can include airborne pollutants being washed from the sky , and likewise minimizes contamination of your captured supply. Simple but regular inspection and maintenance of such a device is usually necessary.

Not all catchment systems use such a feature. For example, rainwater in rural areas of Australia is traditionally used without such a system, and without treatment, but this may be unwise in different environments.

In India, reservoirs called tankas were used to store water; typically they were shallow with mud walls. Ancient tankas still exist in some places.

Rainwater may also be used for groundwater recharge, where the runoff on the ground is collected and allowed to be absorbed, adding to the groundwater. In US, rooftop rainwater is collected and stored in sump. In India this includes Bawdis and johads, or ponds which collect the run-off from small streams in wide area.

Quality

As rainwater may be contaminated, it is often not considered suitable for drinking without treatment. However, there are many examples of rainwater being used for all purposes — including drinking — following suitable treatment.

Rainwater harvested from roofs can contain animal and bird feces, mosses and lichens, windblown dust, particulates from urban pollution, pesticides, and inorganic ions from the sea (Ca, Mg, Na, K, Cl, SO4), and dissolved gases (CO2, NOx, SOx). High levels of pesticide have been found in rainwater in Europe the highest concentrations occurring in the first rain immediately after a dry spell; the concentration of these and other contaminants are reduced significantly by diverting the initial flow of water to waste, as described above. The water may need to be analysed properly, and used in a way appropriate to its safety. In Gansu province, for example, harvested rainwater is boiled in parabolic solar cookers before being used for drinking. In Brazil alum and chlorine is added to disinfect water before consumption. Appropriate technology methods such as solar water disinfection, provide low-cost disinfection options for treatment of stored rainwater for drinking.
 

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Are you interested in mult-player online internet games? Such as runescape and neopets?Internet Game Online-games, tips, cheats and kids forumsAnother good forum is the Internet Junction For Gamers IJFG.COM Internet Junction For Gamers, Runescape Market and More IJFG.COM Jokes, Pranks, Runescape and other cool games at IJFG.COM. RuneScape is set in a medieval fantasy world, similar to "Guild Wars" or "EverQuest", where players control character representations of themselves. As with most massive multiplayer online roleplaying games (MMORPG), there is no overall objective or end to the game. Players explore, form alliances, perform optional tasks, and complete quests for rewards and to build character's skills.

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RuneScape has often been one of the top massive online role playing games. It is a unique game. But, with a unique game, comes unique players. Players get bored, and then try to develop cheats....autos or bots that will help them achieve success in their beloved games of Runescape 2.

RuneScape is a virtual world which is divided into two part: Members Areas and Non-Members areas. People who pay to play (p2p), receive access to the special areas. They also have access to the free areas. The members' places are much larger, offer "better" items for the gameplay of rs2, and much, much more. The character that you create when you first start playing runescape, moves around the game on foot; either by running, or walking. Players are challenged to their utmost skills by fighting new monsters, completing difficult quests, and manipulating marketing. As Runescape 2 is an RPG (Role playing game), there is no set path a person must take to play rs. They can choose what to do, and when, whether it be training their money-making skills, or fighting another player. Players usually interact with each other by chatting through public chat, or private chat.Internet Junction For Gamers, Runescape Market and More IJFG.COM IJFG.com was a runescape 2 based site. They have now, however, taken another look....

Of course the king of all game cheating websites is trick the trik (otherwise known as RPG Cheats Site), where you can find cheat forums, mmorpg topsite, arcade games and any mmo game related topics.

The master of massive multiplayer online role-playing games (MMORPG) cheats can be found at Trik.com Trik.com; this site is one of the best today. The forum section, Trik.com forum, originally came from IJFG.com (Internet Junction For Gamers) , which was one of the best websites that discussed various gamers' issues. The full name was Internet Junction For Gamers, Runescape Market and More. This site had Jokes, Pranks, RuneScape and other cool games. RuneScape is set in a medieval fantasy world, similar to "Guild Wars" or "EverQuest," where players control character representations of themselves. As with most MMORPG, there is no overall objective or end to the game. Players explore, form alliances, perform optional tasks, and complete quests for rewards and to build characters' skills.

Trik.com continues IJFG.com's success, but Trik.com has more to offer. Trik Topsite can be found at Trik Topsite; the TopSite is a great addition if you want to find the best MMO RPG site(s) or raise your site in the rankings. Trik.com also has a viciously competitive Arcade. If you want to be the #1 Arcade on Trik, then come prove yourself at Trik.com arcade: Trik arcade.  Trik.com ?Trik.com/topsite ?Trik.com/forum/arcade.php

With the rising popularity of commercial MMORPG games came the desire from ardent players of these games to run their own servers beside the ones run by the game's creator. Since the original server software is not usually available, the behavior of the server has to be re-engineered. This can be done by analyzing the data stream with the original server, or by disassembling and analyzing the client which is available.

Ultima Online was one of the first large MMORPGs. Due to its openness in implementation, server emulators arose very quickly, even during the beta stage of development. The destination to which the client connects was changeable by simply editing a text file. In beta stage the client-server data stream was not encrypted yet. The term server emulator became known through Ultima Online server reimplementation such as UOX, which was the pioneer. Many forks and reimplementations followed UOX, because its source code was released under the GNU General Public License relatively early. RunUO is today the most widely used UO-server emulator. After RuneScape implemented anti-cheating measures, many gamers left and started their own private servers. The best place to discuss the private server is at Trik- The Master of Private Server.
 

Another useful site is Rune Web ruwb.com . This site is about more serious RuneScape gold trading, account exchange, gold for real life cash and many services. It includes tips on how to avoid getting lured/scammed while using the marketplace. For programming, visual basics, java, C/C++, scar and all other languages such as PHP, HTML, ASP, Delphi. There are also sections for graphics talents, plus many cool videos and fun stuff.

A defining moment in internet gaming history was when a group of gamers called (hygo 7) decided to start an ultimate game forum, which they named hygo.com. It has the best financial backing, the friendliest game community, and the highest quality of information. Currently Hygo.com has entered a new phase...Hygo.com is offering the best private server game. With thousands of members, Hygo.com is your next place to visit, as they have an amazing game with a community and economy. Hygo.com - The Online Adventure Game. is definitely one of the top sites you want to join right now!

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