Economics Commons^™

Better Together? Effects Of Dyadic Collaboration On Intertemporal Preference, Emily Edgington

Masters Theses, 2020-current

Abstract

Intertemporal choices have been researched extensively in the context of individual choices. However, empirical evidence is absent regarding intertemporal preferences when two individuals collaborate on a choice task. This study aimed to compare the rates of discounting under the condition of dyadic collaboration and individual decisions. Furthermore, this study examined the collaboration sessions in an online video conferencing platform. Results showed a strong, positive correlation between average individual discounting rates and corresponding dyad rates of discounting. The findings of this study should be considered when making intertemporal decisions.

Key Words: delay discounting, group decision-making, online collaboration

Covid-19: A Black Swan?, Ben M. Uehlinger

Senior Honors Projects, 2020-current

A Black Swan, as termed by Nassim Taleb, is an unexpected, high magnitude event that is often rationalized in hindsight. 9/11 and the Financial Crisis of 2008 are two examples of these tail probability events. Though COVID-19 has been regarded as momentous and unexpected, Taleb does not credit it as a true Black Swan. This paper aims to compare COVID-19 to these recent Black Swans in terms of predictability and significance. Cointegration was tested across 11 major sectors. Further economic indicators were explored with the goal of discussing the broader context of each event. It was concluded that COVID-19 was …

A Snowball's Chance: Debt Snowball Vs. Debt Avalanche, Evan Mcallister

Senior Honors Projects, 2010-2019

Traditional mathematical analysis states that the most efficient way to pay off interest-bearing consumer debt is to pay the individual debts in order from largest to smallest interest rate. In doing this, the debtor will eliminate the largest sources of interest first, thus shortening the overall time-to-pay. This method is known as the “Debt Avalanche.” The “Debt Snowball” method, popularized in large part by investor-author David Ramsey, recommends that consumers pay debts in order from smallest to largest, regardless of interest rate. In this paper, I conduct an empirical analysis of the Federal Reserve’s Survey of Consumer Finance (SCF), calculating …

A Cross-Cultural Examination Of The Effect Of Employer Support On Employee Productivity, Shawn Tuman, Haley Lipton

Senior Honors Projects, 2010-2019

The purpose of this creative, collaborative, capstone project is to conduct a cross-cultural examination of the effect of employer support on employee productivity by compiling, examining, and synthesizing conclusions from existing research. In a world of growing globalization and technological innovation, the speed of productivity is often the cornerstone that differentiates successful businesses from unsuccessful businesses, providing a competitive advantage to the quick while the others fall behind. Often this increased level of efficiency comes at a cost beyond the price of the product and the salary of employees, a deeper, psychological cost. By reviewing research focused in the United …

Attentional Processing: Replication And Extension Of Selection Bias As A Predictor Of Intertemporal Choice Behavior, Dylan Rutter

Masters Theses, 2010-2019

Basic underlying mechanisms of discounting delayed rewards remain unclear (Green & Myerson, 2013). There has been evidence that attentional mechanisms (e.g., fixation and fixation duration) could be further investigate processes related to the discounting of delayed rewards (Franco-Watkins, Matteson, & Jackson, 2016). Franco-Watkins et al. (2016) was the first to propose a measure of attentional mechanisms in a discounting paradigm, known as selection bias. The authors found selection bias was positively correlated with choice behavior. The present study replicated selection bias using a titration procedure and Area Under the Curve scores. This study also analyzed selection bias across choice presentations …

The Effects Of Quantitative Easing In The United States: Implications For Future Central Bank Policy Makers, Matthew Q. Rubino

Senior Honors Projects, 2010-2019

The purpose of this thesis is to examine the effects of the Federal Reserve’s recent bond buying programs, specifically Quantitative Easing 1, Quantitative Easing 2, Operation Twist (or the Fed’s Maturity Extension Program), and Quantitative Easing 3. In this study, I provide a picture of the economic landscape leading up to the deployment of the programs, an overview of quantitative easing including each program’s respective objectives, and how and why the Fed decided to implement the programs. Using empirical analysis, I measure each program’s effectiveness by applying four models including a yield curve model, an inflation model, a money supply …