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University of Texas at El Paso

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Articles 1 - 30 of 2888

Full-Text Articles in Social and Behavioral Sciences

Paso Del Norte Economic Indicator Review, October, Hunt Institute For Global Competitiveness Oct 2020

Paso Del Norte Economic Indicator Review, October, Hunt Institute For Global Competitiveness

Technical Reports

No abstract provided.


Borderplex Business Barometer, Volume 4, Number 9, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana Sep 2020

Borderplex Business Barometer, Volume 4, Number 9, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana

Border Region Modeling Project

No abstract provided.


Paso Del Norte Economic Indicator Review, September, Hunt Institute For Global Competitiveness Sep 2020

Paso Del Norte Economic Indicator Review, September, Hunt Institute For Global Competitiveness

Technical Reports

No abstract provided.


Borderplex Business Barometer, Volume 4, Number 8, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana Aug 2020

Borderplex Business Barometer, Volume 4, Number 8, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana

Border Region Modeling Project

No abstract provided.


Need For Diversity In Elected Decision-Making Bodies: Economics-Related Analysis, Nguyen Ngoc Thach, Olga Kosheleva, Vladik Kreinovich Aug 2020

Need For Diversity In Elected Decision-Making Bodies: Economics-Related Analysis, Nguyen Ngoc Thach, Olga Kosheleva, Vladik Kreinovich

Departmental Technical Reports (CS)

On a qualitative level, everyone understands the need to have diversity in elected decision-making bodies, so that the viewpoint of each group be properly taken into account. However, when only the usual economic criteria are used in this election -- e.g., in the election of company's board -- the resulting bodies often under-represent some groups (e.g., women). A frequent way to remedy this situation is to artificially enforce diversity instead of strictly following purely economic criteria. In this paper, we show the current seeming contradiction between economics and diversity is caused by the imperfection of the use economic models ...


Paso Del Norte Economic Indicator Review, August, Hunt Institute For Global Competitiveness Aug 2020

Paso Del Norte Economic Indicator Review, August, Hunt Institute For Global Competitiveness

Technical Reports

No abstract provided.


How Can Econometrics Help Fight The Covid'19 Pandemic?, Kevin Alvarez, Vladik Kreinovich Jul 2020

How Can Econometrics Help Fight The Covid'19 Pandemic?, Kevin Alvarez, Vladik Kreinovich

Departmental Technical Reports (CS)

The current pandemic is difficult to model -- and thus, difficult to control. In contrast to the previous epidemics whose dynamics was smooth and well described by the existing models, the statistics of the current pandemic is highly oscillating. In this paper, we show that these oscillations can be explained if we take into account the disease's long incubation period -- as a result of which our control measures are determined by outdated data, showing number of infected people two weeks ago. To better control the pandemic, we propose to use the experience of economics, where also the effect of different ...


Why Quadratic Log-Log Dependence Is Ubiquitous And What Next, Sean R. Aguilar, Vladik Kreinovich, Uyen Pham Jul 2020

Why Quadratic Log-Log Dependence Is Ubiquitous And What Next, Sean R. Aguilar, Vladik Kreinovich, Uyen Pham

Departmental Technical Reports (CS)

In many real-life situations ranging from financial to volcanic data, growth is described either by a power law -- which is linear in log-log scale, or by a quadratic dependence in the log-log scale. In this paper, we use natural scale invariance requirement to explain the ubiquity of such dependencies. We also explain what should be a reasonable choice of the next model, if quadratic turns out to be not too accurate: it turns out that under scale invariance, the next class of models are cubic dependencies in the log-log scale, then fourth order dependencies, etc.


Paso Del Norte Economic Indicator Review, July, Hunt Institute For Global Competitiveness Jul 2020

Paso Del Norte Economic Indicator Review, July, Hunt Institute For Global Competitiveness

Technical Reports

No abstract provided.


Borderplex Business Barometer, Volume 4, Number 7, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana Jul 2020

Borderplex Business Barometer, Volume 4, Number 7, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana

Border Region Modeling Project

No abstract provided.


Mexico Consensus Economic Forecast, Volume 23, Number 3, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate Jul 2020

Mexico Consensus Economic Forecast, Volume 23, Number 3, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate

Border Region Modeling Project

No abstract provided.


Decision Making Under Interval Uncertainty Revisited, Olga Kosheleva, Vladik Kreinovich, Uyen Pham Jun 2020

Decision Making Under Interval Uncertainty Revisited, Olga Kosheleva, Vladik Kreinovich, Uyen Pham

Departmental Technical Reports (CS)

In many real-life situations, we do not know the exact values of the expected gain corresponding to different possible actions, we only have lower and upper bounds on these gains -- i.e., in effect, intervals of possible gain values. How can we made decisions under such interval uncertainty? In this paper, we show that natural requirements lead to a 2-parametric family of possible decision-making strategies.


Borderplex Business Barometer, Volume 4, Number 6, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana Jun 2020

Borderplex Business Barometer, Volume 4, Number 6, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana

Border Region Modeling Project

No abstract provided.


Regional Household Economic Stress And Retail Sales Fluctuations, Thomas M. Fullerton Jr., Ana P. Gutierrez-Zubiate May 2020

Regional Household Economic Stress And Retail Sales Fluctuations, Thomas M. Fullerton Jr., Ana P. Gutierrez-Zubiate

Departmental Papers (E & F)

Economic stress indices are used to monitor business cycle conditions in several regions.Although the deployment of these tools is spreading, there have been relatively few efforts to empirically assess the performance of these gauges, especially at the regional level.This study takes advantage of one such index that is published monthly and has more than 15 years of historical data.Results obtained confirm an inverse relationship between household economic duress and retail sales activity, but it is not found to be statistically reliable over the long-run.Deviations from equilibrium are found to last for 142 months.More relevantly, a ...


Economics Of Reciprocity And Temptation, Laxman Bokati, Olga Kosheleva, Vladik Kreinovich, Nguyen Ngoc Thach May 2020

Economics Of Reciprocity And Temptation, Laxman Bokati, Olga Kosheleva, Vladik Kreinovich, Nguyen Ngoc Thach

Departmental Technical Reports (CS)

Behavioral economics has shown that in many situations, people's behavior differs from what is predicted by simple traditional utility-maximization economic models. It is therefore desirable to be able to accurately describe people's actual behavior. In some cases, the difference from the traditional models is caused by bounded rationality -- our limited ability to process information and to come up with a truly optimal solutions. In such cases, predicting people's behavior is difficult. In other cases, however, people actually optimize -- but the actual expression for utility is more complicated than in the traditional models. In such case, it is ...


Commonsense Explanations Of Sparsity, Zipf Law, And Nash's Bargaining Solution, Olga Kosheleva, Vladik Kreinovich, Kittawit Autchariyapanitkul May 2020

Commonsense Explanations Of Sparsity, Zipf Law, And Nash's Bargaining Solution, Olga Kosheleva, Vladik Kreinovich, Kittawit Autchariyapanitkul

Departmental Technical Reports (CS)

As econometric models become more and more accurate and more and more mathematically complex, they also become less and less intuitively clear and convincing. To make these models more convincing, it is desirable to supplement the corresponding mathematics with commonsense explanations. In this paper, we provide such explanation for three economics-related concepts: sparsity (as in LASSO), Zipf's Law, and Nash's bargaining solution.


Borderplex Business Barometer, Volume 4, Number 5, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana May 2020

Borderplex Business Barometer, Volume 4, Number 5, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana

Border Region Modeling Project

No abstract provided.


Borderplex Pandemic Monitor, Thomas M. Fullerton Jr., Steven L. Fullerton May 2020

Borderplex Pandemic Monitor, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.


How To Explain The Anchoring Formula In Behavioral Economics, Laxman Bokati, Vladik Kreinovich, Chon Van Le Apr 2020

How To Explain The Anchoring Formula In Behavioral Economics, Laxman Bokati, Vladik Kreinovich, Chon Van Le

Departmental Technical Reports (CS)

According to the traditional economics, the price that a person is willing to pay for an item should be uniquely determined by the value that this person will get from this item, it should not depend, e.g., on the asking price proposed by the seller. In reality, the price that a person is willing to pay does depend on the asking price; this is known as the anchoring effect. In this paper, we provide a natural justification for the empirical formula that describes this effect.


Borderplex Business Barometer, Volume 4, Number 4, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana Apr 2020

Borderplex Business Barometer, Volume 4, Number 4, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana

Border Region Modeling Project

No abstract provided.


Mexico Consensus Economic Forecast, Volume 23, Number 2, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate Apr 2020

Mexico Consensus Economic Forecast, Volume 23, Number 2, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate

Border Region Modeling Project

No abstract provided.


The Prospector, March 3, 2020, Utep Student Publications Mar 2020

The Prospector, March 3, 2020, Utep Student Publications

The Prospector

Headling: El movimiento contra el feminicidio impacta en las redes sociales


Data From: Municipal Water Consumption And Urban Economic Growth In El Paso, Daniel J. Pastor, Thomas M. Fullerton Jr. Mar 2020

Data From: Municipal Water Consumption And Urban Economic Growth In El Paso, Daniel J. Pastor, Thomas M. Fullerton Jr.

Datasets

This study investigates the nexus between municipal water consumption and economic growth for El Paso, Texas. Located in the semi-arid southwestern United States, El Paso water consumption has been the subject of prior economic studies. However, the relationship between water consumption and economic growth has not been previously analyzed for El Paso or any other metropolitan economies in the region. Empirical results indicate that municipal water usage and real personal income are integrated of order one, but are not co-integrated. Given that, a vector autoregression model is estimated and a Granger causality test is performed. Estimation results show unidirectional causation ...


Quantum (And More General) Models Of Research Collaboration, Oscar Galindo, Miroslav Svitek, Vladik Kreinovich Mar 2020

Quantum (And More General) Models Of Research Collaboration, Oscar Galindo, Miroslav Svitek, Vladik Kreinovich

Departmental Technical Reports (CS)

In the last decades, several papers have shown that quantum techniques can be successful in describing not only events in the micro-scale physical world -- for which they were originally invented -- but also in describing social phenomena, e.g., different economic processes. In our previous paper, we provide an explanation for this somewhat surprising successes. In this paper, we extend this explanation and show that quantum (and more general) techniques can also be used to model research collaboration.


Borderplex Business Barometer, Volume 4, Number 3, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana Mar 2020

Borderplex Business Barometer, Volume 4, Number 3, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana

Border Region Modeling Project

No abstract provided.


The Prospector, February 18, 2020, Utep Student Publications Feb 2020

The Prospector, February 18, 2020, Utep Student Publications

The Prospector

Headline: Students push for participation


The Prospector, February 11, 2020, Utep Student Publications Feb 2020

The Prospector, February 11, 2020, Utep Student Publications

The Prospector

Headline: The Love Issue


The Prospector, February 4, 2020, Utep Student Publications Feb 2020

The Prospector, February 4, 2020, Utep Student Publications

The Prospector

Headline: Mike Bloomberg visits El Paso


Predictably (Boundedly) Rational: Examples Of Seemingly Irrational Behavior Can Be Quantitatively Explained By Bounded Rationality, Laxman Bokati, Olga Kosheleva, Vladik Kreinovich Feb 2020

Predictably (Boundedly) Rational: Examples Of Seemingly Irrational Behavior Can Be Quantitatively Explained By Bounded Rationality, Laxman Bokati, Olga Kosheleva, Vladik Kreinovich

Departmental Technical Reports (CS)

Traditional economics is based on the simplifying assumption that people behave perfectly rationally, that before making any decision, a person thoroughly analyzes all possible situations. In reality, we often do not have enough time to thoroughly analyze all the available information, as a result of which we make decisions of bounded rationality -- bounded by our inability to perform a thorough analysis of the situation. So, to predict human behavior, it is desirable to study how people actually make decisions. The corresponding area of economics is known as behavioral economics. It is known that many examples of seemingly irrational behavior can ...


Borderplex Business Barometer, Volume 4, Number 2, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana Feb 2020

Borderplex Business Barometer, Volume 4, Number 2, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana

Border Region Modeling Project

No abstract provided.