Supreme Court Upholds Affirmative Action Program at University of Texas. Abigail Fisher, right, with Edward Blum, director of the Project on Fair Representation, left the Supreme Court in Washington after oral arguments in her case last December. Her case argued the University of Texas, Austin, had denied her admission based on her race.
Insider Trading. Insider trading is a poorly defined concept with roots in adverse selection theory and the efficient market hypothesis (EMH). The popular notion is that insiders have an unfair advantage because they possess materially significant and non-public information â an informational asymmetry.
Whites were determined to be the best-achieving group because 300/100 = .3. Using the adverse formula, you have: 100 divided by 500 over 300 divided by 1000 equals 0.2 over 0.3 equals 66.67 % Thus, adverse impact exists. Evidence of adverse impact involves more than the total number of minority workers employed. Also considered is the total number of qualified applicants. For instance, assume that 300 blacks and 300 whites were hired. But there were 1,500 qualified black applicants 6667and 1,000 qualified white applicants.