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A cash-settled option based on a narrow group of stocks will probably be an equity option because it will likely not meet the requirements for a designation of a contract market by the CFTC38 Any listed equity option that is purchased or granted by an options dealer in the normal course of its activity in dealing in options and also listed on the board or exchange on which the dealer is registered constitutes a dealer equity option [Code sec 1256(g)(4)] An options dealer is de ned as any person registered with an appropriate national securities exchange as a market maker or specialist in listed options, or any person who performs similar functions, as determined by the IRS pursuant to Treasury regulations [Code sec 1256(g)(8)] An equity option entered into by a dealer for investment purposes, however, does not constitute a dealer equity option [Code sec 1256(g)(3)].

Aren t market neutral strategies best exploited only in certain situations or by investors with special information

source has been probed (Observers believe that probing is an effective lie detection strategy; if probing does not result in clear signs of deceit, and it often will not, the source is more likely to be believed) The representativeness heuristic (Stiff, Miller, Sleight, Mongeau, Garlick, & Rogan, 1989) refers to the tendency to evaluate a particular reaction as an example of a broader category Used in a deception context it could explain people s inclination to interpret nervous behaviors as signs of deceit The expectancy violation heuristic (Vrij, 2004b) refers to the tendency to judge reactions which are odd or infrequent (eg, keeping the eyes closed, or conversely, staring during a conversation) as deceptive According to the falsi ability heuristic, messages that contain more falsi able details are more likely to be judged deceptive (Fiedler & Walka, 1993).

A nonequity option is any listed option that does not qualify as an equity option [Code Sec 1256(g)(3)] Thus, listed options on commodities and foreign currencies and options on futures contracts are nonequity options Any option traded on a national securities exchange (or other market designated by the Treasury Department) whose value is determined directly or indirectly by reference to a group of stocks or a.

The facial appearance heuristic (Vrij, 2004b) refers to the tendency to judge people with attractive faces or baby-faced appearances as honest O Sullivan (2003) demonstrated that the fundamental attribution error (introduced above) undermines lie detection When people form impressions of others, they tend to overestimate dispositional (eg, character ) factors of that person and tend to underestimate situational factors Therefore, when an observer believes that someone is generally a trustworthy person, he or she will tend to judge that person as truthful in any given situation In contrast, when the observer believes that someone is an untrustworthy person, he or she will be inclined to judge that person as dishonest in any given situation Obviously, trustworthy people are not honest all of the time and untrustworthy people are not always dishonest (14) Poor Interview Techniques Several interview techniques promoted in police manuals hamper lie detection.

When Netscape was building one of their first buildings, they had two network access links. These links were on opposite sides of the building and were managed by different phone companies. The reasoning behind this was that it is safer to have two companies because if a backhoe hits one, it shouldn t hit the other one on the other side of the building. This struck me as great planning on Netscape s part. Another great example of paranoid planning and simply planning ahead comes from one of NASA s Mars missions. An error occurred in the application code on the rover while it was on Mars. But WindRiver Systems, having a great deal of experience with real-time systems, had planned for that type of error and had included support for dynamically updating the code. Not only were the programmers able to leverage the tools provided by WindRiver s experience, they were also able to use an important, but little-used, feature to fix the problem. Now, if programming across the solar system isn t an example of distribution, I don t know what is.