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The Power Of Peer Pressure: Incorporating Social Comparison Into Traditional Anti-Food Waste Campaigns And Its Potential Effects On College Campuses, Grace E. Venit 2017 University of Pennsylvania

The Power Of Peer Pressure: Incorporating Social Comparison Into Traditional Anti-Food Waste Campaigns And Its Potential Effects On College Campuses, Grace E. Venit

Honors Theses (PPE)

Food waste is a major contributor to climate change, one of the most pressing environmental challenges of our time. Addressing this problem would not only protect the environment, but it would also save trillions of dollars and help to reduce the staggering number of people in the world today who are chronically malnourished. This paper focuses on the potential of using behavioral economic theory, particularly the concept of “nudging” in addressing the problem of food waste. Existing literature on nudges and food waste mainly focuses on how feedback and manipulating plate size can reduce food waste. Another proven approach to ...


Consequences Of Information Asymmetry On Corporate Risk Management, Howard J. Merrill III 2017 Buffalo State

Consequences Of Information Asymmetry On Corporate Risk Management, Howard J. Merrill Iii

Applied Economics Theses

This paper will demonstrate the impact information asymmetry has on risk management. There is a noticeable impact within the context of consumer credit risk. If a firm is able to recognize this, they can make improved credit decisions that will reduce the consequences. The theoretical impact will be presented while depicting areas of risk management that are susceptible to information asymmetry. We find a direct impact on the development of scoring models, credit policies, and origination volume. These results hold for banks with portfolios consisting of consumer credit products and small business loans. Once known, banks can better tailor their ...


Behavioral Economics And The Effects Of Psychology On The Stock Market, Justin L. Nagy 2017 State University of New York College at Buffalo - Buffalo State College

Behavioral Economics And The Effects Of Psychology On The Stock Market, Justin L. Nagy

Applied Economics Theses

The purpose of this thesis is to study the contributions behavioral economics and finance have had on the understanding on how the stock market works. The idea that psychology plays a role in influencing the stock market can be dated back to Adam Smith who wrote about individual’s behavior in his work Theory of Moral Sentiments. It wasn’t until the latter half of the 20th century that behavioral economics became accepted as a counter to Eugene Fama’s widely accepted theory of Efficient Market Hypothesis. This paper will analyze the development of behavioral economics, review the main contributors ...


A Process For Field Studies In Behavioral Economics, Victoria Ferraro 2017 University of Rhode Island

A Process For Field Studies In Behavioral Economics, Victoria Ferraro

Senior Honors Projects

Field experiments enable economists to test whether theory adequately captures behavior in natural settings, or whether evidence supports reevaluating the reasoned abstractions comprising the theory. Economics, and social science more generally, has increasingly valued the evidence provided by field studies. These studies typically require a relationship with an external partner site providing the environment for the study, but existent research offers little guidance for developing these relationships and designing procedures for effective collaboration. The purpose of this paper is to provide greater insight into what is necessary to conduct field experiments in economics, particularly behavioral economics in private market settings ...


Modeling Economic Systems As Locally-Constructive Sequential Games, Leigh Tesfatsion 2017 Iowa State University

Modeling Economic Systems As Locally-Constructive Sequential Games, Leigh Tesfatsion

Economics Working Papers

Real-world economies are open-ended dynamic systems consisting of heterogeneous interacting participants. Human participants are decision-makers who strategically take into account the past actions and potential future actions of other participants. All participants are forced to be locally constructive, meaning their actions at any given time must be based on their local states; and participant actions at any given time affect future local states. Taken together, these properties imply real-world economies are locally-constructive sequential games. This study discusses a modeling approach, agent-based computational economics (ACE), that permits researchers to study economic systems from this point of view. ACE modeling principles and ...


Women’S Work: Labor Market Outcomes And Female Entrepreneurship In Ghana, Loretta Agyemang 2017 University of Pittsburgh

Women’S Work: Labor Market Outcomes And Female Entrepreneurship In Ghana, Loretta Agyemang

Butler Journal of Undergraduate Research

This paper is an investigation of female entrepreneurship in Ghana. It seeks to answer the following question: Why are Ghanaian women so heavily concentrated in microenterprise in the informal economy? The literature review explores labor market trends for women on three different scales including an overview of developing countries, Sub-Saharan Africa regional, and Ghana-specific analysis. After exploring issues women face in formal employment, the study delves into business operations of informal, urban-based market participants by analyzing data pertaining to Ghanaian microenterprise. Additionally, the paper details the experiences and views of female entrepreneurs through in-depth interviews and participant observations with thirty ...


Financial Management Issues Of College-Aged Students: Influences And Consequences, Katharine N. Widener 2017 Southeastern University - Lakeland

Financial Management Issues Of College-Aged Students: Influences And Consequences, Katharine N. Widener

Selected Honors Theses

College students have acquired a reputation of irresponsibility and impulsivity, which has contributed to the perception that they are poor managers of money. This researcher sought to establish a clearer picture of the full story behind how college students handle their finances through a comprehensive literature review. Several searches were conducted on the topics of college students, finances, money management, debt levels, and other related terms. Scholarly articles were analyzed for common themes and research patterns, and the various strings of research identified were categorized into three main headings: Financial situation, financial influences, and financial consequences. The three major headings ...


Behavioral Finance And Its Impact On Investing, Jordan Fieger 2017 Liberty University

Behavioral Finance And Its Impact On Investing, Jordan Fieger

Senior Honors Theses

The field of behavioral finance has seen incredible growth over the past half century as it has explored the effect that cognitive psychological biases can have on investors’ financial decisions. Behavioral finance stands in stark contrast to the efficient market hypothesis, as it attributes market inefficiencies to investors who are not perfectly rational human beings. It offers a solution to the observed 3.5% gap that active equity investors miss out on in the market compared to passive index funds, which it attributes to their emotions and psychological biases. These common human biases can be grouped into five major categories ...


Does An Adoptee’S Race Affect The Probability Of An Interracial Adoption?, Timothy C. Yates 2017 Georgia College and State University

Does An Adoptee’S Race Affect The Probability Of An Interracial Adoption?, Timothy C. Yates

Georgia College Student Research Events

I estimate the effect an adoptee’s race has on their chance of interracial adoption. I use data provided by the 2007 National Survey of Adoptive Parents for the linear regression, one of the only sources of individual data on adopted children. The study tests the idea that adopting outside of one’s race provides greater utility to the adopter since it is perceived as more altruistic relative to adopting within one’s race. For the purpose of the study, any circumstance where at least one adoptive parent differs in race from the adoptee is considered an interracial adoption. Ultimately ...


Does The Effect Of Driving Distance On Pga/Lpga Tour Earnings Differ Across Genders?, Conner R. Albright 2017 Georgia College and State University

Does The Effect Of Driving Distance On Pga/Lpga Tour Earnings Differ Across Genders?, Conner R. Albright

Georgia College Student Research Events

Since the early 21st century, the game of golf has seen a shift in importance of touch and finesse towards power and distance. Though many studies have observed the effects of individual golf statistics on earnings, none have examined if these effects fluctuate between genders. The purpose of my study is to show male and female professional golfers the effects of hitting the ball far and if their practice time might be better off spent practicing other areas of the game. By using player statistics from the 2015 PGA and LPGA cross sectional data set, this paper will examine if ...


In Defense Of The Self-Help Book, Owen Barrott 2017 Brigham Young University

In Defense Of The Self-Help Book, Owen Barrott

Marriott Student Review

"In Defense of the Self-Help Book" explores the relationship between behavioral economics and the effects that self-help and management books have. It explores loss aversion and the optimism bias paradox and applies it to those who use success literature to improve their own abilities.


Will Politics Trump Economic Growth?, Singapore Management University 2017 Singapore Management University

Will Politics Trump Economic Growth?, Singapore Management University

Perspectives@SMU

While economic uncertainties remain, investors should not worry about the White House jeopardising the U.S. economy


East Asia Pacific Economies: Looking Good, Singapore Management University 2017 Singapore Management University

East Asia Pacific Economies: Looking Good, Singapore Management University

Perspectives@SMU

The World Bank expects recovering global trade and commodity prices to buoy regional prospects


Why A Dorm Room Is Like A Climate Treaty, Mariam Khan 2017 Colby College

Why A Dorm Room Is Like A Climate Treaty, Mariam Khan

Colby Magazine

Nathan Chan shows how economic principles are at play in our everyday lives.


Factors Affecting Student Graduation Rates, Kaleb Luse 2017 University of Northern Iowa

Factors Affecting Student Graduation Rates, Kaleb Luse

Research in the Capitol

Over the past few years, colleges and the United States government have become increasingly interested in raising graduation rates. This paper uses data from a survey given to students during their freshman year to analyze factors specific to an individual student that makes them more or less likely to graduate. Previous research shows that high school GPA and SAT scores are the two most statistically significant factors. In my study, I use a logit regression model to determine which factors are significant to a student’s likelihood of graduating. As with previous research I found high school GPA to be ...


To Buy Or Not To Buy? Controversies In Consumption, Meghan Pierce PhD 2017 La Salle University

To Buy Or Not To Buy? Controversies In Consumption, Meghan Pierce Phd

Explorer Café

No abstract provided.


Effect Of Price Reduction And Increased Service Frequency On Public Transport Travel, Inge Brechan 2017 Institute of Transport Economics, Oslo

Effect Of Price Reduction And Increased Service Frequency On Public Transport Travel, Inge Brechan

Journal of Public Transportation

A random effects meta-analysis of the results from 15 projects involving price reduction and 9 projects involving increased service frequency showed that both price reduction and increased service frequency generated public transport travels. On average, the increased service frequency projects generated more travels by public transport than the price reduction projects. In the increased service frequency projects the proportion of travels generated by the increased frequency was strongly influenced by the size of the frequency increase. In the price reduction projects, we did not find a significant effect of the size of the price reduction on the proportion of travels ...


The Behavioral Paradox Of Boilerplate, Tess Wilkinson-Ryan 2017 University of Pennsylvania Law School

The Behavioral Paradox Of Boilerplate, Tess Wilkinson-Ryan

Faculty Scholarship

Although assent is the doctrinal and theoretical hallmark of contract, its relevance for form contracts has been drastically undermined by the overwhelming evidence that no one reads standard terms. Until now, most political and academic discussions of this phenomenon have acknowledged the truth of universally unread contracts, but have assumed that even unread terms are at best potentially helpful, and at worst harmless. This Article makes the empirical case that unread terms are not a neutral part of American commerce; instead, the mere fact of fine print inhibits reasonable challenges to unfair deals. The experimental study reported here tests the ...


A Case Study In Tipping: An Economic Anomaly, Megan Nelson 2017 University of Kansas

A Case Study In Tipping: An Economic Anomaly, Megan Nelson

Crossing Borders: A Multidisciplinary Journal of Undergraduate Scholarship

When dining in a restaurant or having a drink at a bar, do you tip? If yes, what do you base the tip amount on? Is it who you are with? Do men tip more than women? Do you tip less when your actions are masked by a larger group? The answers to these questions are something that economists have struggled to explain. The most difficult question being: Why do people pay an additional amount when they have absolutely no legal obligation to do so? This case study explores the variables that lead to higher or lower tip amounts ...


Decoding Chinese Foreign Policy, Singapore Management University 2017 Singapore Management University

Decoding Chinese Foreign Policy, Singapore Management University

Perspectives@SMU

States need to understand Beijing’s practice of ‘false dilemmas’ and its revanchist narrative, and stand firm without provoking China unnecessarily


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