The commission says this is more transparent and efficient, but critics argue it is no better than the system it replaces.
Despite a plausible veneer of democracy and efficient public relations, critics claim the internal workings of the Mujahedin - and its political wing the National Resistance Council - are as brutal and repressive as anything dreamed up by the Ayatollah and his successors.
To critics, efficient market theory beguiled investors in the 1990s into overconfidently thinking that the balloonlike multiples they paid for profitless dot-coms and shaky telecoms were rational.
And while his supporters see a man with an established record of honest, efficient and effective government, critics accuse Modi of harbouring deep sectarian prejudices and of allowing, or even encouraging, violence in which 1,000 people, largely Muslims, died while he was in power in Gujarat state in 2002.
Yet Mr. Grantham, who was a critic of the efficient market hypothesis long before such criticism was in vogue, has hardly been mollified by its decline.
The fund is considering other ways to make itself more efficient and more responsive to critics.
Sanchez responded to critics with the efficient performance the Jets have longed for.
Mr. Peterson, whose constituents include farmers, who are historically suspicious of Wall Street and whose livelihoods depend on efficient markets, is a longstanding critic of loose regulation.
The Yale economics professor was one of the earliest critics of the efficient-market hypothesis that underpinned much of the financial innovation in securities markets of the past 30 years or so.
Since the IA uses the brain's computational capability for reward/punishment prediction, the S-BMI is more computationally efficient than the conventional Actor-Critic method.
