Doctoral Consortium@RuleML2015: GROOLS: Reactive Graph Reasoning for Genome Annotation
Welcome to AAA-Deloitte-J. Michael Cook Doctoral Consortium Shyam Sunder Yale University AAA...
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Transcript of Welcome to AAA-Deloitte-J. Michael Cook Doctoral Consortium Shyam Sunder Yale University AAA...
Welcome to AAA-Deloitte-J. Michael Cook
Doctoral Consortium
Shyam SunderYale University
AAA Doctoral ConsortiumLake Tahoe, June 13-17, 2007
An Overview
• What I got from the Doctoral Consortium• How you could get the most from
investment of your four days• Scope of accounting research• Theories, facts and their relationship• Science, social science and humanities• Posing a research question• AAA, Imagination and Chicago meetings
Salt Lake City, 1972
• There are interesting questions I had never thought about
• There are ways of looking at the same phenomena that never occurred to me
• There are ways of finding answers to questions I did not even know about
• Research is not a production process (and the labor theory of value does not apply)
• Each of us is both an essential as well as the weakest link in our research
Consortium = A Cooperating Arrangement or Joint Venture
• To explore ideas new to you• To develop explanations that may not have occurred to
you• Find ways of sorting ideas and explanations:
– By logical consistency– By empirical validity– By boundaries of generalizability
• Cooperate with your colleagues and the faculty• Establish intellectual links with your cohort• Keep and open mind but listen critically• Don’t be afraid to challenge or disagree but not just for
the sake of disagreeing
A Question from Mom
• What do you do for a living?• Teaching would satisfy her, but would not be entirely true• Fortunately, she never asked.• But two colleagues did, a sociologist and a physicist• What do you do in accounting research?• I could not give them the answer for Mom; they know
better• I managed to answer their questions to their apparent
satisfaction (assuming they were not just being polite)
Perspectives, Organizations and Accounting Forms
Perspective Organization form
Accounting form
Classical Entrepreneurial without hierarchy
Bookkeeping
Stewardship Entrepreneurial with hierarchy
Managerial
Capital markets Publicly traded Financial
Inclusivity of Accounting Forms
Financial
Managerial
Bookkeeping
Firm as a Set of Contracts among Agents
Shareholders
Creditors
Employees Vendors
Auditors
Government
Customers
To the Physicist
• The measurement angle• Walked him through the problem of
measurement of his personal wealth• After counting the contents of his wallet, he was
not sure how to proceed to the next step• Then scaled the problem up to an organization
of many people and activities• He could see the difficulty, or at least did not
pursue the matter further
But Most People Have No Idea of What We Do
• History• Measurement• Technology of accounting• Aggregation• Governance• Contracts and organizational engineering• Wealth creation• Social organization (national budget, bank supervision)• Standards and competition• Could we invite our colleagues into the accounting house
of research and show them interesting stuff we do?• The Doctoral Consortium is an opportunity to look at our
collective whole, and be inspired to extend the boundaries
Our Challenges
• Dealing with two Kinds of Interplay– Between data and theory– Between laws of nature and human beings
Theory and Data
• The extent of separation between theory and data, often presumed, is limited
• The two are so closely intertwined that settling on their primacy is like figuring out whether the chicken or the egg came first
• Even the most abstract theorists are motivated by observation of the world
• Even the most hard-headed empiricist is driven by the logical structure of an explicit or implicit theory
• In search for a way to deal with self-selection problems, I turned to experiments
• And found yet new problems
Testing Theories with Data
• All theories are based on many assumptions• Assumptions can be divided in to core and
convenience assumptions• Convenience assumptions are made so we can
use analytical instruments to solve complex problems
• Empirical testing (weather data from the field or lab) are designed to assess the robustness of theoretical results as we weaken the assumptions of convenience
Figure 1.
Single Theory Experiment
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Distance between the Model and the Data Environments
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B
100%
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Sciences, Humanities and Social Sciences
• Science: identify laws of nature (eternal, applicable everywhere)
• Humanities: Each of us is unique and special, with free will and responsible for our actions (literature, eternal truths, but no eternal laws)
• Social science: stands uncertainly between sciences and humanities
• Are there eternal laws that govern our behavior as individuals, or do we have free will
• This basic conflict of social sciences remains unresolved
Three Levels of Analysis
• Individual behavior (psychology and social psychology)
• Aggregate behavior (economics and sociology)
• Agent-based models to discover relationships between these two worlds
• Jon Davis talk on Agent-based models
Posing A Research Question• What is the question you would like to have answered after the
experiment? (A question is a single sentence with a question mark at the end.)
• What do you know already about the possible answers to the above question ?
• What are the various possible ways of finding an answer to the above question?
• What are the advantages and disadvantages of each method? • How important is this question to YOU? What are the chances that the
answer you get from the research will surprise you or others? What are the chances that it will change someone’s mind?
• How would you conduct your research? (write down a design and plan) • Is your design the simplest possible design to help answer the above
question?• What are the possible outcomes of research? Do the possible outcomes
include at least one outcome that will answer the question you stated above? What is the chance that you will observe this outcome?
• Iterate as necessary
AAA Update
– Intellectual Property Task Force– Global Accounting Digital Archive– New Electronic Journal: Current Issues in
Auditing– Imagined World of Accounting: Program for
Chicago Annual Meetings
Intellectual Property Task Force
• Development of new information and communications technologies (ICT) has shifted the economics of intellectual property. As with other academic associations, production of intellectual property has been a major activity of AAA. The Intellectual Property Task Force will examine the technological, economic, financial, organizational, competitive, and intellectual consequences of the changes in ICT for AAA, and recommend any changes to the Executive Committee, the Council and the membership of the AAA with respect to its financial structure, publications, organization, and other relevant actions.
Global Accounting Digital Archive
• Data availability, structure, depth, accessibility and cost are critical to accounting research to support basic, applied and practice research. Given new data technologies, there is an opportunity to develop a decentralized, global, cooperative, organized effort to make accounting literature and archives (non-copyrighted or copyright expired or released) readily, instantly and globally available to researchers to stimulate and support accounting as well as business research. Leading professional and academic accounting associations, forming a sponsoring coalition to create this public good, will serve as the catalysts to establish a unique resource on Internet which is unlikely to come into existence otherwise.
Imagined Worlds of Accounting
Some Highlights of the Chicago AAA Program
August 6-8, 2007
Plenary Addresses
• The Origin of Accounting– Denise Schmandt-Besserat, Professor Emerita of Art and Middle
Eastern Studies, University of Texas at Austin (Archeology)• Culture and the Nature of Human Sociality
– Joseph Henrich, Professor of Culture, Cognition and Evolution, University of British Columbia (Anthropology)
• Accounting, Law and Social Norms. – Michael Hechter, Professor of Global Studies, Arizona State
University (Sociology)– Eric Posner, Professor Law, University of Chicago
• Data and Economic Growth– Robert E. Lucas, Jr., University of Chicago, Nobel Laureate
• Hayek and Experiment– Vernon L. Smith, George Mason University, Nobel Laureate
Plenary Speakers
• Tuesday Lunch: John Dickhaut, University of Minnesota, AAA Presidential Scholar, 2007
• Wednesday Lunch: Gary J. Previts, incoming President of the American Accounting Association
Follow-up Sessions on Plenaries
• Accounting, Anthropology and Archeology– Basu, Goetzmann, and Waymire
• Accounting and Social Norms– Paul Fischer and Mark Penno
• Accounting and the Macroeconomy– Kanodia and Dye
• Hayek, Accounting and Experiment– Bloomfield
At Large Sessions
• Europe Meets America: Diverse Research Perspectives – Biondi (France), Suzuki (UK), Lukka (Finland)
• History of Accounting Scholarship– Pierre Liang, George Sorter
• A Proposed Accounting Curriculum– Demski and Fellingham
• Big Unanswered Questions in Accounting– Ball, Fukui, Huddart, Nagar
At Large Sessions
• Financial Literacy: Programs and Response– Previts
• Point-Counterpoint 1– Benston, Linsmeier on fair value accounting
• Point-Counterpoint 2– Lynn Turner and Larry Ribstein on SOX
• Data Mining and Accounting– Srivastava
At Large Sessions
• Building Accounting Archives– Tonya Flesher
• SEC Regulation Update– Glover, Jorgensen, Taub
• Global Accounting Digital Archives Project– Vasarhelyi
• FASB Research Initiative– Bloomfield, Linsmeier
At Large Sessions
• Accounting and Neuroscience– John Dickhaut
• Alternative formats for Accounting Journals– Tony Tinker
• World Market for Accounting PhDs– Christensen, Banerjee, Wong, and Lukka
• Academic and Professional Qualifications– Jack Wilkerson
• Fiscal Wake Up Call for US– David Walker, Controller General of the US
Wednesday Afternoon Raffle
• Exciting sessions for Wednesday afternoon
• Attendance in each session on Wednesday afternoon (after lunch) earns you a raffle ticket
• At the end of the last session on Wednesday, we draw the winner of the raffle (must be present to win)
• Prize?
Greg Waymire and the Program Committee are hard at work on developing an exciting program
for the Chicago meetings
As more parts of the program are finalized, watch for details from
Tracey and her colleagues!
Finally
• In PhD programs, faculty ask you to read the stuff they wrote, and test you
• Awareness of the advantage grey hairs have over the youth are drilled in—we know, you don’t.
• What is kept hidden from you is your advantage over the older folks
• Your advantage: we know, you don’t• You have a clean slate to generate new ideas,
perspectives, problems, methods, and solutions
History of Scholarship and Creativity
• Long history of extraordinary creative achievements of the young
• Do not underestimate your own ability to transform our discipline—any discipline?
• Cooper’s dissertation was rejected• Ball and Brown was pre-dissertation research• Look at music: Presley, The Beatles, Led
Zeppelin, U2, Nirvana and many others• How old were these folks at the peak of
creativity
Fresh Perspectives are Resisted, even Ridiculed
• People are skeptical of new ideas because most of them turn out to be wrong
• When they are right, they create problems for the establishment
• If you have a good new idea, expect resistance (faculty, editors, referees)
• Should you yield to their demands or fight?• How you decide to answer that question will
determine whether research is fun or a chore• Remember the risk return trade off
What is the Difference between a researcher and a government
bond?
See You in Chicago!
And do not forget to become a member of AAA
Why?
Thank You and welcome again to this 37th Consortium
www.som.yale.edu\faculty\sunder