Emotions And Behavior Regulation In Decision Dilemmas, 2017 Lafayette College
Emotions And Behavior Regulation In Decision Dilemmas, Joaquín Gómez-Miñambres, Eric Schniter
We introduce a dynamic model of emotional behavior regulation that can generalize to a wide range of decision dilemmas. Dilemmas are characterized by availability of mutually exclusive goals that a decision maker is dually motivated to pursue. In our model, previous goal pursuant decisions produce negative emotions that regulate an individual’s propensity to further pursue those goals at future times. This emotional regulation of behavior helps explain the non-stationarity and switching observed between so-called “preferences” revealed in repeated decision dilemmas (e.g., by choosing A over B at time 1, then choosing B over A at time 2). We ...
The Fifth Epoch: Socio-Economic Approach To Sustainable Capitalism, 2017 New Mexico State University
The Fifth Epoch: Socio-Economic Approach To Sustainable Capitalism, David M. Boje, Yue Cai Hillon
Markets, Globalization & Development Review
The purpose of this conceptual essay is to challenge the inevitability of living with the destructive beast of speculative market economics in the 4th epoch of global capitalism. We are facing an existential socio-ecological threat from the short-term excesses of financial capitalism, a socially irresponsible form that consumes without producing value and without bearing entrepreneurial risk, benefitting only the few. The fate of roughly 90% of humanity hangs in the balance. The primary contribution of this paper proposes a 5th epoch of capitalism, inspired by Savall and Zardet’s socio-economic and sustainable approach that restores human potential and ...
Optimized Forecasting Of Dominant U.S. Stock Market Equities Using Univariate And Multivariate Time Series Analysis Methods, Michael Schwartz
Computational and Data Sciences Theses
This dissertation documents an investigation into forecasting U.S. stock market equities via two very different time series analysis techniques: 1) autoregressive integrated moving average (ARIMA), and 2) singular spectrum analysis (SSA). Approximately 40% of the S&P 500 stocks are analyzed. Forecasts are generated for one and five days ahead using daily closing prices. Univariate and multivariate structures are applied and results are compared. One objective is to explore the hypothesis that a multivariate model produces superior performance over a univariate configuration. Another objective is to compare the forecasting performance of ARIMA to SSA, as SSA is a relatively ...
An Economic Analysis Of The Solar Energy Potential At Lake Forest College, 2017 Lake Forest College
An Economic Analysis Of The Solar Energy Potential At Lake Forest College, Jennifer Mctague
The energy industry is evolving towards renewable energy. This study examines the potential of solar energy for electricity usage on the campus of Lake Forest College through both a technical and market analysis. A solar panel was installed on the roof of Carnegie Hall, a large building in the central campus area, for a period of twelve weeks. In addition, regression analysis on the total output of the solar panel in relation to cloud coverage, solar intensity, average temperature, and hours of daylight led to more extensive analysis on the technical potential of solar energy on the campus. The economic ...
Consequences Of Information Asymmetry On Corporate Risk Management, 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 ...
Does A Better Running Back Mean More Rushing? Game Theory And The Nfl, 2017 University of Connecticut - Storrs
Does A Better Running Back Mean More Rushing? Game Theory And The Nfl, Eric Lofquist
Honors Scholar Theses
In this paper I attempt to answer the question of whether or not teams in the National Football League (NFL) rush less with a better running back. This seems counterintuitive, but game theory supposes that this is true. Defenses facing a better running back will generally expect the offense to rush more and therefore defend the run more often. The offense, foreseeing the defense’s actions, will choose to pass more to counteract the run defense. This is the basis of the difference between the strategic effect and the direct effect in mixed strategies. The direct effect is when a ...
Gender, Punishment, And Cooperation: Men Hurt Others To Advance Their Interests, 2017 Chapman University
Gender, Punishment, And Cooperation: Men Hurt Others To Advance Their Interests, Terence C. Burnham
ESI Working Papers
A laboratory experiment that reports on gender, cooperation, and punishment in two repeated public goods game using high-powered punishment. In a repeated public goods game with punishment, no statistically significant differences between men and women are reported. In a modified game that adds an explicit payoff for relative performance, men punish more than women, men obtain higher rank, and punishment by males decreases payoffs for both men and for women. These results contribute to the debate about the origins and maintenance of cooperation.
A Process For Field Studies In Behavioral Economics, 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 ...
I Share, Therefore It's Mine, 2017 Chapman University School of Law
I Share, Therefore It's Mine, Donald J. Kochan
Donald J. Kochan
Review Prohibition Periods As A Signal Of Video Game Quality, 2017 Murray State University
Review Prohibition Periods As A Signal Of Video Game Quality, Richard Jacob Applin
Honors College Theses
Video game developers typically prohibit media outlets from publishing reviews of upcoming video games until a specified date and time. This study hypothesizes that review prohibition periods function as an economic signal of quality and thus impact sales. Specifically, this study predicts that permissive review embargo periods, relative to games with restrictive review embargo periods, are indicative of better quality games and in turn better sales. To test this conjecture the study collected a random sample of observations (video games) from four popular video game consoles and examined data regarding each observation’s review embargo period as well as data ...
Do Farm Subsidies Affect Crop Diversification?, 2017 Georgia College
Do Farm Subsidies Affect Crop Diversification?, Chadwick O'Neal
Georgia College Student Research Events
The United States spends $20 billion each year on farm subsidies. Farmers face increased risk and income variation when their crop portfolio is less diversified. It’s possible for farm subsidies to decrease diversification if they are focused on specific crops. Utilizing state level subsidy and agricultural data from the Environmental Working Group, I used econometric analysis to estimate the effect of farm subsidies on crop diversification. I used the number of acres planted from the 15 top most subsidized and grown crops in the United States to derive my dependent variable, the Herfindahl-Hirschman index (HHI). The HHI is a ...
Trends In U.S. Tea Imports: 1991-2015, 2017 Western Michigan University
Trends In U.S. Tea Imports: 1991-2015, Evan Kennedy
Tea is the second most popular beverage in the world, and over the past two decades it has experienced a newfound popularity in the United States. Over this time period, ready-to-drink and loose-leaf tea has increased in popularity, whereas tea bags and instant tea declined in popularity. Since the United States produces almost no tea itself, an increase in consumption requires increased imports. Therefore, this paper examines U.S. import trends as a means to begin an examination of consumption. Ten countries (Argentina, Canada, China, Germany, India, Japan, Kenya, Sri Lanka, the United Kingdom, and Vietnam) provide approximately 80% of ...
Closing The Gender Gap: The Effect Of Political Gender Quotas And Female Employment Indicators In South America, 2017 Georgia State University
Closing The Gender Gap: The Effect Of Political Gender Quotas And Female Employment Indicators In South America, Courtney Reid
Georgia State Undergraduate Research Conference
No abstract provided.
Profitable Horizontal Mergers Without Efficiencies Can Increase Consumer Surplus, 2017 Chapman University
Profitable Horizontal Mergers Without Efficiencies Can Increase Consumer Surplus, Charles J. Thomas
ESI Working Papers
In a simple model I show consumer surplus can increase after competing sellers consummate a profitable merger that generates no cost savings. This finding contrasts sharply with the conventional wisdom that horizontal mergers without efficiencies must enhance sellers’ market power to be profitable, thereby harming buyers. The model fits industries in which individual buyers conduct distinct procurement contests for which sellers incur costs to participate, say to assess their product’s fit with the buyer’s preferences. Mergers benefit buyers by inducing stronger contest-level entry, echoing common claims from merging parties that their merger is beneficial because it creates a ...
The Ideological Roots Of Institutional Change, 2017 University of Colorado
The Ideological Roots Of Institutional Change, Murat Iyigun, Jared Rubin
ESI Working Papers
Why do some societies fail to adopt more efficient institutions in response to changing economic conditions? And why do such conditions sometimes generate ideological backlashes and at other times lead to transformative sociopolitical movements? We propose an explanation that highlights the interplay--or lack thereof--between new technologies, ideologies, and institutions. When new technologies emerge, uncertainty results from a lack of understanding how the technology will fit with prevailing ideologies and institutions. This uncertainty discourages investment in institutions and the cultural capital necessary to take advantage of new technologies. Accordingly, increased uncertainty during times of rapid technological change may generate an ideological ...
The Economic Legacies Of Lingering Colonialism: A Case Study In Identity And Multiculturalism In Northern Morocco And The Spanish Enclaves, Jeremy Vale
Independent Study Project (ISP) Collection
Founded in ancient times, the twin Spanish cities of Ceuta and Melilla combined comprise just 11.8 square miles and have fewer than 200,000 inhabitants. Despite their rather insignificant sizes, they are important because they serve as the only land borders between the European Union and the African continent, generating a host of complicated questions. This research explores the role of smuggling as a form of micro-economy and identity. Through interviews of Moroccans with ties to smuggling as well as interviews with residents of Ceuta, this case study begins to examine the role smuggling plays in the debates about ...
The Cultural Transmission Of Trust Norms: Evidence From A Lab In The Field On A Natural Experiment, 2017 Chapman University
The Cultural Transmission Of Trust Norms: Evidence From A Lab In The Field On A Natural Experiment, Jared Rubin, Elira Karaja
ESI Working Papers
We conduct trust games in three villages in a northeastern Romanian commune. From 1775-1919, these villages were arbitrarily assigned to opposite sides of the Habsburg and Ottoman/Russian border despite being located seven kilometers apart. Russian and Ottoman Öscal institutions were more rapacious than Habsburg institutions, which may have eroded trust of outsiders (relative to co-villagers). Our design permits us to rigorously test this conjecture, and more generally, whether historically institutionalized cultural norms are transmitted intergenerationally. We Önd that participants on the Ottoman/Russian side are indeed less likely to trust outsiders but more likely to trust co-villagers.
Luminate: Linking Agricultural Land Use, Local Water Quality And Gulf Of Mexico Hypoxia, 2017 Iowa State University
Luminate: Linking Agricultural Land Use, Local Water Quality And Gulf Of Mexico Hypoxia, Catherine L. Kling, Yiannis Panagopoulos, Sergey S. Rabotyagov, Adriana Valcu-Lisman, Philip W. Gassman, Todd D. Campbell, Michael J. White, Jeffrey G. Arnold, Raghavan Srinivasan, Manoj K. Jha, Jeffrey J. Richardson, L. Monika Moskal, R. Eugene Turner, Nancy N. Rabalais
In this paper, we discuss the importance of developing integrated assessment models to support the design and implementation of policies to address water quality problems associated with agricultural pollution. We describe a new modelling system, LUMINATE, which links land use decisions made at the field scale in the Upper Mississippi, Ohio and Tennessee Basins through both environmental and hydrological components to downstream water quality effects and hypoxia in the Gulf of Mexico. This modelling system can be used to analyse detailed policy scenarios identifying the costs of the policies and their resulting benefits for improved local and regional water quality ...
The Expected Cost Of Housing Discrimination, 2017 Kent State University
The Expected Cost Of Housing Discrimination, Quinton Babcock
Undergraduate Research Symposium
The aim of this research is to increase the understanding regarding discrimination in the home rental market, especially in a way that is applicable to individuals, by constructing a framework with which its expected cost can be found. After estimating an expected cost, this research seeks to use that cost as a platform to explore conditions surrounding this expected cost. Furthermore, this research makes a case for why this should be an important issue among Disability Studies scholars and Disability Rights activists.
Starting with 1988 amendments to the Fair Housing Act, America has made a legal effort to secure fair ...
Deception And Reception: The Behavior Of Information Providers And Users, 2017 Chapman University
Deception And Reception: The Behavior Of Information Providers And Users, Roman M. Sheremeta, Timothy W. Shields
ESI Working Papers
We investigate the behavior of information providers (underwriters) and users (investors) in a controlled laboratory experiment where underwriters have incentives to deceive and investors have incentives to avoid deception. Participants play simultaneously as underwriters and investors in one-shot information transmission games. The results of our experiment show a significant proportion of both deceptive and non-deceptive underwriters. Despite the presence of deceptive underwriters, investors are receptive to underwriters’ reports, gleaning information content, albeit overly optimistic. Within our sample, deception by underwriters and reception by investors are the most profitable strategies. Moreover, participants who send deceptive reports to investors, but at the ...