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2012

Claremont Colleges

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Articles 181 - 207 of 207

Full-Text Articles in Social and Behavioral Sciences

Zarathustra's Politics, Everett Alexander Heiney Jan 2012

Zarathustra's Politics, Everett Alexander Heiney

CMC Senior Theses

This paper will argue in three sections that Thus Spoke Zarathustra necessarily implies an aristocratic political system. In the section "Zarathustra’s Value Theory," I lay out Zarathustra's theory of value creation. In the second section, "Possible Interpretations of Value Creation," I describe three different perspectives that can be used to understand Zarathustra’s value theory. In the third section, "Zarathustra and Politics" I provide a critique of modern liberalism and an alternative coherent with Nietzsche's philosophy, aristocracy.


Taxation With Representation Ain't So Hot Either: An Empirical Analysis Of Taxpayer Satisfaction, Rei Kawano Jan 2012

Taxation With Representation Ain't So Hot Either: An Empirical Analysis Of Taxpayer Satisfaction, Rei Kawano

CMC Senior Theses

This paper analyzes whether the decreasing progressivity of the US Federal Tax system appear to affect taxpayer satisfaction. I use data from the publicly available General Social Survey and combine them with average tax rates from Piketty and Saez (2007). In this study, two distinct questions are addressed: (1) Is a taxpayer’s belief that his or her own federal income tax is too high affected by their actual average tax rates? (2) Is a taxpayer’s belief that his or her own federal income tax is too high affected by the progressivity of the federal income tax?

The results ...


A "Herculean" Task: The Voting Rights Act And Redistricting In Alaska, Chloe E. Cotton Jan 2012

A "Herculean" Task: The Voting Rights Act And Redistricting In Alaska, Chloe E. Cotton

CMC Senior Theses

Redistricting is a challenging task in any state, and Alaska, with its vast geography, sparse population, and uneven population concentrations, presents a unique set of difficulties. The state requires that its legislative districts be contiguous, compact, and relatively socio-economically integrated. Further complicating the process are the requirements of the Voting Rights Act of 1965. Alaska is one of nine states required to submit its redistricting plans to the federal government for preclearance, as a result of a history of discrimination against a minority population. Under the VRA, Alaska must avoid retrogression of the voting power of its Alaska Native population ...


Finding Profitability Of Technical Trading Rules In Emerging Market Exchange Traded Funds, Austin P. Hallett Jan 2012

Finding Profitability Of Technical Trading Rules In Emerging Market Exchange Traded Funds, Austin P. Hallett

CMC Senior Theses

This thesis further investigates the effectiveness of 15 variable moving average strategies that mimic the trading rules used in the study by Brock, Lakonishok, and LeBaron (1992). Instead of applying these strategies to developed markets, unique characteristics of emerging markets offer opportunity to investors that warrant further research. Before transaction costs, all 15 variable moving average strategies outperform the naïve benchmark strategy of buying and holding different emerging market ETF's over the volatile period of 858 trading days. However, the variable moving averages perform poorly in the "bubble" market cycle. In fact, sell signals become more unprofitable than buy ...


The Federal Judicial Vacancy Crisis: Origins And Solutions, Ryan Shaffer Jan 2012

The Federal Judicial Vacancy Crisis: Origins And Solutions, Ryan Shaffer

CMC Senior Theses

This paper examines the causes of the rise in vacancies on the federal courts in recent decades. Under President Barack Obama, the number of vacancies on the federal courts has sharply jumped. This is due to firm opposition by Senate Republicans, who have used the various procedural tools of that body to make it difficult for nominees to get confirmation. This antagonism is the result of a shift in how the parties view the courts and their role in the American political process. The Warren Court's expansion of substantive due process rights increased the Court's powers to the ...


Can Online Sentiment Help Predict Dow Jones Industrial Average Returns?, Aria K. Krumwiede Jan 2012

Can Online Sentiment Help Predict Dow Jones Industrial Average Returns?, Aria K. Krumwiede

CMC Senior Theses

In this paper, we explore the relationship between a Global Mood Time Series, provided by Wall Street Birds, and the Dow Jones Industrial Average (DJIA) from April 2011 to December 2011. My econometric results show that there is no long run equilibrium relationship between the level of global mood and the level of the DJIA. These results apply to the whole period, as well as in the six-month subperiods. Furthermore, daily changes in global mood do not Granger cause DJIA returns. However, changes in global mood do appear to be useful in forecasting the volatility of the DJIA, and my ...


Petrocapitalism In Iraqi Kurdistan: Leveraging Oil And Gas Firms In Post-War Iraq, Chase W. Gray Jan 2012

Petrocapitalism In Iraqi Kurdistan: Leveraging Oil And Gas Firms In Post-War Iraq, Chase W. Gray

CMC Senior Theses

In the absence of a continued military presence in Iraq, the United States must use alternative means to achieve its foreign policy goals. Stated goals include maintaining influence, increasing stability in Iraq, Iran, and the Arabian Peninsula, and ensuring Iraq's territorial integrity. This paper suggests leveraging the power of American oil and gas firms operating in Iraqi Kurdistan given the relative ineffectiveness of the embassy in Baghdad and the hostility many Iraqis exhibit toward American diplomats. It first outlines American policy toward Iraqi Kurdistan from the end of the Gulf War to the present. Next it provides a brief ...


The Earning Gap Of Criminality: Effects Of Stigma, Length And Form Of Incarceration, Matthew P. Laredo Jan 2012

The Earning Gap Of Criminality: Effects Of Stigma, Length And Form Of Incarceration, Matthew P. Laredo

CMC Senior Theses

This paper shows that criminality causes a significant decrease in the earning potential of individuals. In addition, there is evidence to support that criminality has the same negative effect on earnings regardless of type of sentencing, whether probation or incarceration. Previous studies indicate that ex-convicts do not benefit from in-prison based programs. The purpose of this paper is to identify the short-term earning differentials between offenders and their law-abiding counter parts and offer insight as to how this can affect recidivism. Research shows that recidivists suffer the largest wage differentials, which significantly lowers their employment utility. This reduction of labor ...


Who's Afraid Of The Patent Trolls? Assessing The Market Impact Of Landmark Patent Troll Litigation Outcomes, Xiaotong Li Jan 2012

Who's Afraid Of The Patent Trolls? Assessing The Market Impact Of Landmark Patent Troll Litigation Outcomes, Xiaotong Li

CMC Senior Theses

Patent trolls have changed the innovation and patent policy landscape. This thesis is an empirical event study that focuses on two landmark cases of patent troll litigation, RIM v. NTP and eBay v. Mercexchange, to determine whether pro-troll litigation outcomes significantly impact the market values of the firms in the high-tech industries they target. I find that the Supreme Court ruling in eBay v. Mercexchange did seem to significantly impact a proportion of firms in the market. The decisive factors in distinguishing affected vs. unaffected firms include a firm's R&D to Sales ratio, market value, and NAICS code ...


A Study Of Minor League Baseball Prospects And Their Expected Future Value, Jay Lyon Tymkovich Jan 2012

A Study Of Minor League Baseball Prospects And Their Expected Future Value, Jay Lyon Tymkovich

CMC Senior Theses

This thesis will examine highly rated Minor League baseball players and how they subsequently perform in their Major League careers. Specifically, this study has collected data on over 800 players ranked on the prospect lists of Baseball America, Baseball Prospectus, and John Sickels. Using regression analysis, I have examined the correlation between ranking and future performance, as well as studying other factors like position and age to determine if there are common characteristics to successful prospects.


The Effects Of The Media On The Discrepancy Between Gaap And Pro Forma Earnings, Peter Schock Jan 2012

The Effects Of The Media On The Discrepancy Between Gaap And Pro Forma Earnings, Peter Schock

CMC Senior Theses

This study seeks to find if there is a significant relationship between the amount of media coverage focused on public companies in the United States and the difference between GAAP financial performance and analyst-adjusted estimates of financial performance. I will answer this question by testing this difference among S&P 500 companies, as well as companies within that index as identified by a certain industry.


The Fulbright Program's Contemporary Relevance, Julia Catherine Starr Jan 2012

The Fulbright Program's Contemporary Relevance, Julia Catherine Starr

CMC Senior Theses

The most valuable contribution of the Fulbright Program, at its founding in 1946 and today in 2012, remains its ability to inculcate mutual understanding, which represents a vital component in the success of multilateral cooperation necessary to create a secure and thriving international community. During the Cold War, promoting mutual understanding was valued for its ability to share the ideals and benefits of American democracy and create strong relationships between Americans and foreigners in direct competition with the Soviet Union’s projection of communist ideology. This thesis demonstrates how, through the lenses of leadership, multiculturalism, soft power, and public diplomacy ...


Deinstitutionalization And Its Discontents: American Mental Health Policy Reform, Olga Loraine Kofman Jan 2012

Deinstitutionalization And Its Discontents: American Mental Health Policy Reform, Olga Loraine Kofman

CMC Senior Theses

In 1963, President John F. Kennedy signed the Mental Retardation and Community Mental Health Centers Construction Act, establishing the beginnings of deinstitutionalization in the United States. By some counts, this Act was a stupendous policy success—by others, a dismal failure. 50 years later, no cohesive national mental health care policy has emerged to deal with increased rates of mental illness among the homeless and the incarcerated. However, California has made enormous strides to create a state policy which provides adequate services to the mildly, moderately, and severely mentally ill as well as adequate funding for those services through Proposition ...


Examining The Role Of Immigration In Crime Decline Across United States Cities, Brianna J. Losoya Jan 2012

Examining The Role Of Immigration In Crime Decline Across United States Cities, Brianna J. Losoya

CMC Senior Theses

Despite previous research in this area, the relationship between immigration and crime in the United States remains ambiguous and surrounded by misconceptions. However, recently, scholars have suggested that, despite the claims of policy-makers and popularized sociological theories, large immigrant concentrations may be linked with lower as opposed to higher crime rates. In the past, research in this area has been imprecise due to it its implementation of cross-sectional analyses for a limited selection of geographic regions. However, through the implementation of time-series procedures and the use of annual data for metropolitan statistical areas during the 2005–2010 periods, the present ...


Aggregated Versus Disaggregated Forward Looking Information: Effects On Risk Taking, Rishabh Parekh Jan 2012

Aggregated Versus Disaggregated Forward Looking Information: Effects On Risk Taking, Rishabh Parekh

CMC Senior Theses

In previous research, aggregation of returns has been found as a way to counteract the risk averse behavior that is the result of investors' myopia. This paper expands the study of aggregation by analyzing its effect on forward looking probabilities. Namely, through the disaggregation of future information, subjects become myopic and trade with varying risk preferences. In an experimental market, subjects trading securities with disaggregated forward looking information are found to 'buy high and sell low', while subjects trading the same securities, but with aggregated information, trade with more consistent risk preferences.


A Bass Diffusion Model Analysis: Understanding Alternative Fuel Vehicle Sales, Michael H. Shoemaker Jan 2012

A Bass Diffusion Model Analysis: Understanding Alternative Fuel Vehicle Sales, Michael H. Shoemaker

CMC Senior Theses

Frank M. Bass developed the Bass Diffusion Model to predict how innovative consumer durable products diffuse through consumer markets. This thesis will use data from 1999-2011 to examine the applicability of the Bass Diffusion Model to the introduction of alternative fuel vehicles (AFVs) in the automobile market. The findings in this thesis indicate the Bass Diffusion Model fit the diffusion pattern exhibited by AFVs well, but failed to accurately forecast diffusion patterns outside a given range of data. This thesis investigates potential reasons for the inaccurate 'Out of Sample Forecast', and gives recommendations for directions of future research on AFV ...


Les Ambitions De Sarkozy Et Le Leadership Francais Dans L'Intervention En Libye De 2011, Heather Annette Siegel Jan 2012

Les Ambitions De Sarkozy Et Le Leadership Francais Dans L'Intervention En Libye De 2011, Heather Annette Siegel

CMC Senior Theses

En mars 2011, la communauté internationale s'est réunie pour soutenir les ambitions démocratiques des manifestants libyens et pour s'opposer vigoureusement à la violence perpétrée par Kadhafi contre son peuple. Nicolas Sarkzoy, président de la République française, a joué un rôle clé dans les négociations qui ont entraîné la mise en place d'une zone d'exclusion aérienne et le lancement d'une opération militaire pour protéger les populations civiles en Libye. Cette thèse examine les ambitions de Sarkozy et le leadership diplomatique qu'il a démontré entre le déclenchement des révoltes en Libye et le prise en charge ...


The Politics Of Physical Education Reform, Ari Zyskind Jan 2012

The Politics Of Physical Education Reform, Ari Zyskind

CMC Senior Theses

The purpose of the paper is to determine why today's youth are so physically inactive by examining the role and efforts of physical education, and the state and federal governments responsibility in supporting these programs, in fighting today's obesity epidemic by creating generations of healthy and physically active children. Research led to the determination that states have failed to maintain and improve physical education resulting in a physically inactive youth. Therefore, the nation should look to federal legislation to support state-led physical education, which this paper found to be constitutional if the enactments followed the provisions established in ...


Weiser Carrots And Sticks: Motivation Beyond Money At The Shakedown Café, Julian A. Martinez Jan 2012

Weiser Carrots And Sticks: Motivation Beyond Money At The Shakedown Café, Julian A. Martinez

CMC Senior Theses

It is generally assumed that monetary incentivization is the most effective means of motivating organizationally-beneficial behaviors. Individuals, under this line of thought, pursue their own objective self-interest above all else. However, evidence is being uncovered that indicates that human motivation may be a much more complicated facet of the human psyche. The purpose of this study is to examine the deeper underpinnings that drive people work that might lie beyond financial rewards. In order to do this, the Shakedown Café, a student-run restaurant on Pitzer College’s campus, will be examined. This specific organization is of particular interest because it ...


The Disappearing Middle Class: Implications For Politics And Public Policy, Trevor Richard Beltz Jan 2012

The Disappearing Middle Class: Implications For Politics And Public Policy, Trevor Richard Beltz

CMC Senior Theses

What does it mean to be middle class? The majority of Americans define themselves as members of the middle class, regardless of their wealth. The number of Americans that affiliate with the middle class alludes to the idea that it cannot be defined simply by level of income, number of assets, type of job, etc. The middle class is a lifestyle as much as it is a group of similarly minded people, just as it is a social construct as much as it is an economic construct. Yet as the masses fall away from the elite, and changes continue to ...


The Effect Of Executive Compensation On Firm Performance Through The Dot-Com Bubble, Maxwell J. Chambers Jan 2012

The Effect Of Executive Compensation On Firm Performance Through The Dot-Com Bubble, Maxwell J. Chambers

CMC Senior Theses

This thesis examines firm performance through the dot-com bubble through the lens of executive compensation. Hypotheses based on the theoretical literature of Bolton, Scheinkman and Xiong (2006) as well as Bertrand and Mullainathan (2001) in regards to management compensation in a speculative bubble motivate three regression models with differing market-cap-growth based dependent variables and specific compensation variables. Regression analyses test the models using public compensation and security data from S&P's Execucomp and Compustat databases. Synthesizing regression results show that stock option vesting schedules and executives' status on the board of directors may significantly affect firm performance through the ...


Binding Ochre To Theory, Simone E. Nibbs Jan 2012

Binding Ochre To Theory, Simone E. Nibbs

Pomona Senior Theses

Widely found throughout the archaeological and artistic records in capacities ranging from burial contexts to early evidence of artistic expression, red ochre has been studied in archaeological and art conservationist communities for decades. Despite this, literature discussing binders is disparate and often absent from accessible arenas. Red ochre is important historically because its use can be used to help further the understanding of early humans, their predecessors, and their cognitive capabilities. However, there is not much written speculation on the processes involved in binder selection, collection, and processing. Based on the idea of these three activities associated with binders, I ...


Tibetan Buddhism And The Chinese Communist Party: Moving Forward In The 21st Century, Evan Zwisler Jan 2012

Tibetan Buddhism And The Chinese Communist Party: Moving Forward In The 21st Century, Evan Zwisler

CMC Senior Theses

I examine the state of Tibetan Buddhism that exists in China in the 21st century and what are the best methods to increase religious freedom and political autonomy. I look at what cause China and Tibet to reach this point, and why do the respective nations do what they do. Man people fundamentally misunderstand the reasons why the Chinese Communist Party oppresses Tibetan Buddhism; they aren't concerned with eradicating religion, they want to simply maintain longterm political legitimacy in Tibet.


"Sell Or Slaughter": The Economic And Social Policies Of German Reunification, Saraid L. Donnelly Jan 2012

"Sell Or Slaughter": The Economic And Social Policies Of German Reunification, Saraid L. Donnelly

CMC Senior Theses

This paper looks at the struggles faced by German policymakers in the years following reunification. East Germany struggled with an immediate transformation from a planned economy to a social market economy, while West Germany sent billions of Deutsche Marks to its eastern states. Because of the unequal nature of these two countries, policymakers had to decide on what they would place more emphasis: social benefits for the East or economic protection for the West. The West German state-level, Federal Government and the East German governments struggled in finding multilaterally beneficial policies. This paper looks at the four key issues of ...


Comparative Case Studies Of Rent-Seeking In China’S State-Owned Enterprises: The Ministry Of Railway And China Mobile, Wendy Qian Jan 2012

Comparative Case Studies Of Rent-Seeking In China’S State-Owned Enterprises: The Ministry Of Railway And China Mobile, Wendy Qian

CMC Senior Theses

The problem of rent-seeking in China’s state-owned enterprises has worsened since the rapid increase in infrastructure investment, such as telecom and railway. State-owned enterprise reform in China has given licensing power to officials and executives without sufficient checks and balances. The Chinese government plans to introduce corporate governance structures and encourage private investment for the previously state-dominated industries, such as the railway industry, in the next decade. Yet these formalities cannot eradicate the political problem of corruption. This thesis will examine rent-seeking through the case studies of China Mobile’s former deputy general manager and Communist Party secretary Zhang ...


The Potential Application Of Weather Derivatives To Hedge Harvest Value Risk In The Champagne Region Of France, Andrew W. Yandell Jan 2012

The Potential Application Of Weather Derivatives To Hedge Harvest Value Risk In The Champagne Region Of France, Andrew W. Yandell

CMC Senior Theses

In Champagne, France grape growers and and winemakers work together to make the world's most iconic sparkling wine. Part of what makes Champagne so celebrated is its reputation for constant quality: only the best grapes are used to make wine. In poor vintage years, grape growers sell less grapes to winemakers; poor vintages are the result of bad weather. This presents the opportunity for grape growers to hedge the risk of poor weather and resulting lower harvest values with weather derivatives. This study explores the potential for grape growers to trade them to effectively hedge against low harvest values ...


Pulling Back The Veil: The Hijab Ban And The Evolution Of French Nationalism, Meghan Henkel Jan 2012

Pulling Back The Veil: The Hijab Ban And The Evolution Of French Nationalism, Meghan Henkel

CMC Senior Theses

In 2004, a French law went into effect banning girls in state sponsored schools from wearing the hijab, a Muslim head covering. While the law also banned the Jewish kippa and large cross necklaces from being worn in public schools, the hijab took center stage in what became a worldwide media frenzy. The ban of the hijab as well as more recent laws that banned full face veils in all public spaces and a ban on Muslim prayer being performed in the street show a growing divide in the French populace. This thesis argues that these recent laws, as well ...