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Full-Text Articles in Social and Behavioral Sciences
Communication, Home Bias And Social Capital, Sharon Raszap Skorbiansky
Communication, Home Bias And Social Capital, Sharon Raszap Skorbiansky
Open Access Dissertations
This dissertation consists of three essays on the effects of communication, home bias and social capital. The first study analyzes three different laboratory treatments that determine if policies that introduce and improve communication are beneficial to a market. The control treatment has no communication. Then, two different types of communication mechanisms are introduced: cheap communication, where subjects are able to lie, and truthful communication, where only honest messages may be sent. The results demonstrate that truthful communication dramatically improves subjects' ability to trade efficiently, ultimately leading to higher social surplus and lower income inequalities. Cheap communication does not produce the …
A Probabilistic Model Of Benefit-Cost Analysis For Highway Construction Projects, Yue He
A Probabilistic Model Of Benefit-Cost Analysis For Highway Construction Projects, Yue He
Open Access Theses
Deterministic method occupies the predominant position in economic analysis. However, by using a single value to estimate the project value, deterministic method would hide the risk under it. Analysts may make incorrect judgments by looking at a value without knowing the likelihood of its occurrence and the consequences of its occurrence. A probabilistic model was developed in this study to address this problem. It was found in this study that the traffic flows on Indiana highways follow logistic distributions rather than normal distributions as generally believed. The application of the probabilistic model was illustrated through a case study. The results …