An Economic Model Of Mortality Salience In Personal Financial Decision Making: Applications To Annuities, Life Insurance, Charitable Gifts, Estate Planning, Conspicuous Consumption, And Healthcare, 2017 Texas Tech University
An Economic Model Of Mortality Salience In Personal Financial Decision Making: Applications To Annuities, Life Insurance, Charitable Gifts, Estate Planning, Conspicuous Consumption, And Healthcare, Russell N. James Iii
Journal of Financial Therapy
The study of personal mortality salience and the denial of death have a long history in psychology leading to the modern field of Terror Management Theory. However, a simple consumer utility function predicts many of the outcomes identified in experimental research in this field. Further, this economic approach explains a range of otherwise unexpected financial decision-making behaviors in areas as diverse as annuities, life insurance, charitable gifts and bequests, intra-family gifts and bequests, conspicuous consumption, and healthcare. With its relevance to such a wide range of personal financial decisions, understanding the impact of mortality salience can be particularly useful to ...
Testing The Consistency Of Nested Logit Models With Utility Maximization, 2017 Iowa State University
Testing The Consistency Of Nested Logit Models With Utility Maximization, Joseph A. Herriges, Catherine L. Kling
The Nested Multinomial Logit (NMNL) model is used extensively in modeling consumer choices among discrete alternatives when the number of alternatives is large. Unfortunately, applied researchers often find that estimated NMNL models fail to meet the Daly-ZacharyMcFadden (DZM) sufficient conditions for consistency with stochastic utility maximization. Borsch-Supan (1990) provides a relaxed set of conditions to test for consistency. While these conditions are increasingly cited, they are seldom tested. This paper corrects and extends BorschSupan's Theorem 2, providing simple necessary conditions on first, second, and third derivatives of choice probabilities and a graph oft he bounds they place on dissimilarity ...
Effect Of Price Reduction And Increased Service Frequency On Public Transport Travel, 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, 2017 University of Pennsylvania Law School
The Behavioral Paradox Of Boilerplate, Tess Wilkinson-Ryan
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, 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 ...
By Beauty Damned: Millennial Feminism And The Exploitation Of Women's Empowerment In Pop Culture And Corporate Advertising, 2017 The Graduate Center, City University of New York
By Beauty Damned: Millennial Feminism And The Exploitation Of Women's Empowerment In Pop Culture And Corporate Advertising, Maria L. Carreon
All Graduate Works by Year: Dissertations, Theses, and Capstone Projects
Feminism has become a trendy cultural identity, leaving it open to exploitation by capitalists. Notions relating to “women’s empowerment” are used by capitalists to sell products to women, and yet many of those capitalists fund political campaigns that directly seek to quash or inhibit the advancement of women’s rights. With a little effort, any consumer can find out who their big purveyors are supporting politically. For example, Procter Gamble, who makes many products bought by women, gives the majority of its political contributions to republicans who oppose women’s reproductive rights. The same is true of McAndrews & Forbes ...
Decoding Chinese Foreign Policy, 2017 Singapore Management University
Decoding Chinese Foreign Policy, Singapore Management University
States need to understand Beijing’s practice of ‘false dilemmas’ and its revanchist narrative, and stand firm without provoking China unnecessarily
Social Relationships In Young Offenders: Relevance To Peers, Poverty, And Psychological Adjustment, 2017 The University of Western Ontario
Social Relationships In Young Offenders: Relevance To Peers, Poverty, And Psychological Adjustment, Victoria Sabo
Electronic Thesis and Dissertation Repository
The increasing influence of peers in adolescence is related to a developing array of skills, aspirations, attitudes, and behaviours. The nature and magnitude of this influence and the potential association of certain youth with deviant peers is among the most prominent risk factors in predicting youth crime. This becomes of greater concern for economically disadvantaged youth, whose neighbourhoods harbour greater susceptibility to negative peer influence. With social affiliations at the forefront of youth development and criminality, research efforts need to further characterize the nature, constitution, and influence of peers on adolescent offending. Two hundred and eighty-one Canadian youth were sampled ...
Robert Parker’S Wine Advocate And The Consequential Pricing Of Provençal Wines, 2017 Scripps College
Robert Parker’S Wine Advocate And The Consequential Pricing Of Provençal Wines, Gweneth Marter
Scripps Senior Theses
Robert Parker is an esteemed, somewhat controversial wine-critic. Since 1978, Parker has assigned every wine he tastes a score between 50 and 100. He uses this method to communicate to both consumers and producers his opinion of the quality, taste, and aging potential of the wine. Between the years 2005 and 2015, Robert Parker graded 115 wines from the French region of Provence. The goal of this thesis is to determine whether and to what extent Robert Parker’s grades affect the price of wine. Through descriptive statistics and regression analysis of Robert Parker’s grade and year of production ...
Family Economics Writ Large, 2017 University of Pennsylvania
Family Economics Writ Large, Jeremy Greenwood, Nezih Guner, Guillaume Vandenbroucke
Population Center Working Papers (PSC/PARC)
Powerful currents have reshaped the structure of families over the last century. There has been (i) a dramatic drop in fertility and greater parental investment in children; (ii) a rise in married female labor-force participation; (iii) a decline in marriage and a rise in divorce; (iv) a higher degree of positive assortative mating; (v) more children living with a single mother; (vi) shifts in social norms governing premarital sex and married women's roles in the labor market. Macroeconomic models explaining these aggregate trends are surveyed. The relentless flow of technological progress and its role in shaping family life are ...
The Role Of Marriage In Fighting Hiv: A Quantitative Illustration For Malawi, 2017 University of Pennsylvania
The Role Of Marriage In Fighting Hiv: A Quantitative Illustration For Malawi, Jeremy Greenwood, Philipp Kircher, Cezar Santos, Michéle Tertilt
Population Center Working Papers (PSC/PARC)
How might policies that promote marriage and/or dissuade divorce help in the fight against HIV/AIDS? This question is addressed employing a choice-theoretic general equilibrium search model, using Malawi as a case study. In the framework developed, individuals can choose between married and single life. A single person can select among abstinence and sex with or without a condom. The results suggest that marriage-friendly policies can help to abate HIV/AIDS. The policy predictions that obtain from general equilibrium analysis are compared with those that arise from simulated synthetic field experiments and epidemiological studies.
The Economics Of Healthcare Rationing, 2017 Duke Law School
The Economics Of Healthcare Rationing, Michael D. Frakes, Matthew B. Frank, Kyle Rozema
This article examines the economics of healthcare rationing. We begin with an overview of the various dimensions across which healthcare rationing operates, or at least has the potential to operate, in the first place. We then describe the types of economic analyses used in healthcare rationing decision-making, with particular reference to cost-benefit analysis and cost-effectiveness analysis. We also discuss healthcare rationing in practice, such as how economic analyses inform decisions regarding which services to cover, and conclude by discussing various practical and conceptual challenges that may arise with economic analyses and that span both economics and ethics.
Determinants Of Organ Donor Registration Rates Among Young Americans, 2017 Claremont McKenna College
Determinants Of Organ Donor Registration Rates Among Young Americans, Syed Umar Farooq
CMC Senior Theses
In this paper I examine the factors that affect the likelihood an individual is a registered organ donor. Unlike many studies which focus on subpopulations in specific regions, I utilize national data to get a broader assessment of individuals from around the country across a number of racial and religious classifications. Using a probit model and controlling for a variety of parameters, I find that some racial and religious variables are negatively and significantly associated with organ donor registration rates, while education and being female are positively associated with organ donor registration rates. I conclude by discussing the implications of ...
Conservatism And Switcher's Curse, 2016 Selected Works
Conservatism And Switcher's Curse, Aaron Edlin
How Should We Motivate Effort, 2016 CUNY Hunter College
How Should We Motivate Effort, Shamima Khan
School of Arts & Sciences Theses
This research uses an experimental design to study if the pattern and positioning of rewards influence the amount of effort participants put in. The three key hypotheses tested here are: 1) are people more likely to complete a task if the incentives are given in more regular intervals, 2) do uncertainty of reward timing hurt or help in maintaining motivation, 3) is intrinsic motivation more influential than the patterns in which incentives are structured? The treatments in this experiment are created by varying the reward structure of candies and pens in exchange of a simple math test completion. Among the ...
Sperner's Lemma, The Brouwer Fixed Point Theorem, The Kakutani Fixed Point Theorem, And Their Applications In Social Sciences, Ayesha Maliwal
Electronic Theses and Dissertations
Can a cake be divided amongst people in such a manner that each individual is content with their share? In a game, is there a combination of strategies where no player is motivated to change their approach? Is there a price where the demand for goods is entirely met by the supply in the economy and there is no tendency for anything to change? In this paper, we will prove the existence of envy-free cake divisions, equilibrium game strategies and equilibrium prices in the economy, as well as discuss what brings them together under one heading.
This paper examines three ...
The Importance Of Cost And Effectiveness For Attitudes Towards Lifesaving Interventions, 2016 University of New Hampshire
The Importance Of Cost And Effectiveness For Attitudes Towards Lifesaving Interventions, Joakim Ramsberg, Lennart Sjöberg
RISK: Health, Safety & Environment
Drs. Ramsberg & Sjöberg present the results of a study that evaluates Swedish attitudes about risks and corresponding lifesaving interventions.
Targeted Enforcement Against Illicit Trade In Tobacco Products, 2016 Pepperdine University
Targeted Enforcement Against Illicit Trade In Tobacco Products, James Prieger, Jonathan D. Kulick, Mark A. R. Kleiman
School of Public Policy Working Papers
Illicit trade in tobacco is a substantial and growing problem in the U.S., causing loss of tax revenue, damage to public health, and threats to public safety. Decisions about enforcement against ITTP involve tradeoffs among competing objectives. Good policy design can improve the terms of those tradeoffs but cannot eliminate them. We examine questions about the allocation of enforcement resources against ITTP, and its distribution across activities, individuals, and organizations: in particular, whether and how to differentially target ITTP that involves violence or support for terrorism. We consider the problem of developing effective strategies for enforcement, applying both lessons ...
Optimal Pricing Strategies For A Cluster Of Goods: Own- And Cross-Price Effects With Correlated Tastes, 2016 Universidad ORT Uruguay and Centro de Investigaciones Económicas (CINVE)
Optimal Pricing Strategies For A Cluster Of Goods: Own- And Cross-Price Effects With Correlated Tastes, Francisco Rosas, Santiago Acerenza, Peter Orazem
Economics Working Papers
gent valuation methods are used to identify observed and unobserved preferences of goods and services. We apply these methods to compute willingness to pay (WTP) for a product conditional on having purchased another offered product. We provide a derivation for own-price and compensated cross-price elasticities whose results suggest a pricing strategy considering all offered goods simultaneously. Therefore, we solve the social planner’s problem maximizing a weighted function of producer’s revenues and consumer’s utility for the set of optimal prices. We show an application to collegiate sports, but these methods can be extended in a straightforward fashion to ...
Income Distribution, Export Instability, And Savings Behavior, 2016 Technological and Higher Education Institute of Hong Kong, Vocational Training Council
Income Distribution, Export Instability, And Savings Behavior, David Lim
Prof. David Lim
This paper examines the effects of income distribution and export instability on the savings ratios of a group of 12 developed and 52 less developed countries (DCs and LDCs) for 1968-73. The effect of income distribution on savings has been studied before but not on as comprehensive a group of countries as presented here. The effect of export instability on savings has not been examined before in the literature on the determinants of savings behavior. It has, however, been discussed in the literature on the relationship between export instability and economic growth and part of the purpose of this paper ...