Digital Commons Network^™

Determinants Of The U.S. Experience Economy: A Macroeconomic, Demographic, And Technological Analysis, 1984–2023, Chloe Ross

CMC Senior Theses

Pine and Gilmore et al. 1999 examine American consumers’ preferences for experiences over durable goods. Since then, there has been a multitude of research on the psychology behind this shift in consumption preferences, and there has been an abundance of media coverage of the new “experience economy.” This thesis goes beyond psychology and examines the macroeconomic, demographic, and technological determinants of experiential spending in the United States from 1984 to 2023. I use annual data from the Bureau of Labor Statistics’ Consumer Expenditure Survey (CES) and variables from the Bureau of Economic Analysis (BEA), Federal Reserve Economic Data (FRED), US …

10 Years Of The Hive: Successes, Challenges, And Lessons For Designing Creative Learning Hubs In Higher Education, Celine Bernhardt-Lanier

CMC Senior Theses

College students are often told to be “innovative” and to prepare themselves for a rapidly changing job market. Yet, most institutional learning environments are built for everything but that, focusing on efficiency, mastery, and content delivery. The Hive, formerly known as the Rick and Susan Sontag Center for Collaborative Creativity, pushes against this reality in higher ed. Founded ten years ago and nestled in a corner of East 7th Street in Claremont, California, the Hive brings together students, faculty, and staff through workshops, classes, skillshares, and events that are centered around making, reflecting, and collaborating. Drawing on eight semi-structured …

Medical And Recreational Cannabis In Colorado: Evidence From County-Level Sales And Medical Cards, Ethan Sattley

CMC Senior Theses

This thesis examines how Colorado’s cannabis market transitioned after recreational legalization by analyzing county-level medical card registrations and the medical share of cannabis sales from 2010–2020. Using an event-study design, I find that medical participation remained stable for several years after recreational sales began in 2014, but then declined sharply, by roughly 50–60 cards per 10,000 residents, about ten quarters after legalization. Using annual sales data, I show that the medical share of total cannabis revenue collapsed much more quickly, falling by more than half between 2014 and 2015 and converging near zero in most counties by the late 2010s. …

Auditor Independence And Its Impact On Debt Financing Outcomes, Harry Zhou

CMC Senior Theses

This study investigates whether perceived auditor independence, proxied through proportions of non-audit service fees and client dependence of the auditor, is associated with the outcome of debt contracts. While prior research examines how these proxies relate to auditor independence itself, and other strands of literature assess how audit quality influences debt contracting, few studies evaluate whether lenders interpret auditor independence signals in ways consistent with auditors. This study aims to contribute to the broader literature by examining the auditor independence proxies and its direct relationship to debt contract structure holistically. Two OLS models were employed to investigate the relationship between …

Politics Of A Silent Pandemic: Antimicrobial Resistance And State Capacity In India And Nigeria, Mia Kelly

CMC Senior Theses

Antimicrobial Resistance (AMR) has emerged as one of the most pressing yet widely underestimated health threats of the 21st century; this thesis explores the potentially devastating global impact of this “silent pandemic”, exposing how deeply health outcomes depend on political choices, regulatory capacity, and economic constraints. Although the danger of spreading drug-resistant pathogens is now widely acknowledged in both the scientific and political communities, states differ in their abilities to contain the issue, with low- and middle-income countries facing the greatest obstacles to national action plan implementation. This thesis investigates these disparities through a comparison of India and Nigeria, two …

Macroeconomic Resilience And Sentiment Dynamics In The Global Luxury Fashion Industry, Mehr Gupta

CMC Senior Theses

The global luxury fashion industry is often viewed as a sector where broad economic conditions intersect with individual spending behavior. Yet despite this common assumption, it remains unclear whether macroeconomic fluctuations meaningfully shape luxury firms’ financial performance. This thesis examines the relationship between four key macroeconomic indicators - consumer sentiment, disposable income, unemployment, and exchange rates - and firm-level quarterly revenue for twelve publicly listed luxury companies from the early 2000s through 2024. Firm financial data from S&P Capital IQ are matched with macroeconomic measures from the Federal Reserve (FRED), and the analysis employs a two-way fixed-effects framework with firm …

Factors Correlated With State-Level Variation In Grocery Consumption Changes During The Covid-19 Pandemic, Sun Young Byun

CMC Senior Theses

In this paper, I employ a two-part empirical strategy to explore the effects of the COVID-19 pandemic on grocery consumption across U.S. states. First, I use the United States Department of Agriculture's Weekly Retail Food Sales data from 2018-2023 to estimate a time-series panel model. I use the results to test three hypotheses regarding state-level variation in consumption changes and impacts in the initial pandemic period, the remaining pandemic period, and the post-pandemic period. Second, I use the estimated state-level effects as dependent variables in cross-sectional regressions to test three hypotheses linking variation in state-level consumption patterns to economic, demographic, …

Keeping America Ahead: The Global Chip Conundrum, Ethan Chen

CMC Senior Theses

Semiconductors underpin nearly every aspect of modern economic, military, and technological power. Yet while the United States pioneered chip innovation and design, it now heavily depends on foreign manufacturing, particularly Taiwan and the Taiwanese Semiconductor Manufacturing Company who produce more than 90% of the world’s leading edge chips. This thesis investigates how the U.S. lost its fabrication leadership, what risks its current dependence creates, and what strategies can most effectively restore domestic capacity and resilience in both the short term and long term. By going through historical analysis of industrial development, recent policy evaluation such as export controls and the …

An Examination Of Sycophantic Llms: The Case For Withholding Judgement, Josephine C. Albrecht

CMC Senior Theses

This thesis investigates sycophancy in large language models (LLMs) and argues that although agreement can be socially appealing, it introduces serious epistemic and moral risks. Through Mrinank Sharma’s experiments, I show that sycophancy emerges reliably across major AI assistants, which adjust their responses to match users’ beliefs; even when those beliefs are incorrect. I explain how deep learning and reinforcement learning from human feedback (RLHF) shape these behaviors, and why models learn to prioritize user satisfaction over truth. While agreement can build trust, mimic expert testimony, and satisfy human preferences, it also produces epistemic bubbles and misplaced confidence. These risks …

Maternity Leave And Women’S Leadership In A Changing Work Environment: Global Evidence, Josefine Byström

CMC Senior Theses

Family leave policies play a central role in shaping women’s participation and advancement in the labor market. This study investigates whether the relationship between maternity leave duration and women’s labor outcomes has changed before and after the COVID-19 pandemic. Using a cross-country panel spanning multiple years with fixed effects, this study examines two related outcomes: women’s labor force participation and representation in leadership. Prior to 2011, maternity leave duration displayed opposite non-linear patterns across these outcomes: an inverted U-shape for labor force participation, peaking at moderate leave lengths, and a U-shape for women’s leadership, which improved only at longer durations …

The Politics Of Russian Regional Development, Claire Moore

CMC Senior Theses

This thesis examines why Chechnya’s independence movement shifted from a secular nationalist struggle in the First Chechen War (1994–1996) to a religiously framed insurgency in the interwar period and Second Chechen War (1999–2000; 2007). Drawing on presidential speeches, interviews, archival materials, and secondary scholarship, it argues that religious radicalization cannot be explained solely by external influence or Russian military brutality. Instead, three underexplored variables–strategic economic appeals to the Islamic world, culturally-embedded practices of vengeance, and the enabling conditions of poverty and mass armament–collectively shaped this transformation. Chechen leaders increasingly emphasized Islamic identity to secure financial and military support from Middle …

Audit Fee Spillovers Following Sec Scrutiny: Evidence From Auditor Portfolio Effects, Rakhshaan R. Adamjee

CMC Senior Theses

This paper examines whether audit firms reprice clients that are not under Securities and Exchange Commission (SEC) review when a greater share of the auditor’s other clients face SEC scrutiny. Results indicate economically meaningful pricing spillovers. In the full sample, a ten-percentage-point increase in auditor-level exposure is associated with approximately 2% higher fees for non-scrutinized clients. The effect is stronger for Big Four networks: the Big Four slope is about 3.6% per ten points, and a Big Four only replication yields roughly 8.9%. Among Big Four, measuring exposure at the signing-office level also produces a positive but smaller association (~0.4% …

The Tcja And Shareholder Payouts, Carson T. Bloom

CMC Senior Theses

Abstract

The Tax Cuts and Jobs Act (TCJA) provided corporations an estimated $233 billion in tax savings, yet relatively little is known about how firms allocated this cash windfall. This study examines whether growth and mature firms differed in whether they used these tax savings to distribute dividends and repurchase shares. Using panel data on publicly traded North American firms from 2016–2019, I classify firms as either growth or mature based on their cash-flow patterns and estimate the effects of the TCJA on their behavior using a difference-in-differences design.

The results indicate that mature firms increased shareholder payouts significantly more …

Criminalizing Motherhood: Abortion, Obstetric Emergencies, And State Power In Post-1998 El Salvador, Valery M. Reyes

CMC Senior Theses

This thesis examines how a series of regressive legal reforms in El Salvador–the 1997 Penal Code’s expansion of abortion-related punishments and the 1999 constitutional amendment defining life as beginning at conception–eliminated all exceptions to abortion and transformed a woman’s reproductive body into a site of surveillance. Rather than expanding rights, these reforms rolled back on existing protections by not recognizing obstetric emergencies, miscarriages, or cases of rape as legitimate grounds for abortion. Prosecutors and judges could treat such medical emergencies as convictions for “fetal homicide,” carrying sentences of 30-50 years in prison.

Court documents, reports from non-government organizations …

Beyond Guns And Butter: Structural Fiscal Priorities And The Politics Of Welfare In Oecd Economies, 2000-2023, Nyassa Garg

CMC Senior Theses

The “guns vs. butter” debate has long framed the tension between military and welfare spending, but this thesis reveals that the tradeoff is far more complex than traditionally assumed. This study re-examines the tradeoff in OECD economies from 2000 to 2023, using fixed-effects and within-between Mundlak models to distinguish between short-run adjustments and long-run structural patterns. My results show no clear evidence of year-to-year substitution; instead, welfare commitments in advanced OECD countries are institutionally rigid and insulated from contemporaneous military spending pressures. Crowding out primarily presents itself as a structural pattern—countries with consistently higher military burdens allocate a smaller share …

Esg And Misvaluation In U.S. Equity Markets, Rohaan Bhojwani

CMC Senior Theses

Existing research has produced conflicting conclusions on whether environmental, social, and governance (ESG) characteristics are efficiently priced in equity markets. While some studies argue that ESG performance improves firm value through lower risk and stronger fundamentals, others suggest that investor demand has inflated valuations in the past beyond intrinsic worth. This thesis examines whether ESG-driven valuation gaps represent justified pricing through firm fundamentals or systematic mispricing using Bartram and Grinblatt’s Agnostic Fundamental Analysis Framework (2018).

For this paper, I analyze the top 1000 U.S public firms by market value. I regress the market value on 19 accounting fundamentals for these …

Federal Credit And Post-Disaster Economic Recovery: A County-Level Study Of Sba Lending From 2002 - 2022, Tanveer Singh Chabba

CMC Senior Theses

The United States Small Business Administration (SBA) is a government organization founded in 1953 that plays a central role in disaster response by providing capital contracts and low-interest loans to affected firms and households. This thesis will examine whether the SBA’s disaster lending program supports county-level economic recovery in the aftermath of a disaster period. My initial hypothesis is that after a natural disaster, an increase in SBA loan activity should help mitigate income losses and support economic recovery, leading to a consistent level of county-level Adjusted Gross Income (AGI) growth in future years. Using a constructed dataset that links …

Loan-Heavy Aid: Consequences On Academic And Early-Career Outcomes, April Zhang

CMC Senior Theses

This study examines how the composition of financial aid, specifically the balance between loans and grants, shapes students’ academic performance, major selection, and early career outcomes. Using administrative data from the University of California system (2007-2019) and post-graduation records from UC Irvine, I analyze how loan reliance influences both educational trajectories and labor-market results. The key measure, loanshare, captures the fraction of total aid financed through loans rather than grants. This allows for comparisons among students with similar financial need, expected family contribution, and total aid levels. Results show that students with more loan-heavy aid packages earn significantly lower …

Estimating Risk In Early-Stage Venture Capital: A Real Options Approach, Luke H. Jacobson

CMC Senior Theses

This study uses a Real Options analysis model to measure the implied volatility of early-stage startup firms in the United States since 2005. This model is used to examine the effect of Venture Capital firms’ investments in the early stages of startup life, along with the effects of startup-specific characteristics on implied volatility. While previous research has created a foundation for Real Options theory in Venture Capital investing, there have only been case studies on applying Real Options analysis to startup firms. Existing research has also provided evidence that Venture Capital firms “de-risk” startups when they invest in early stages …

Immigration Federalism And The Promise Of State Constitutions, Joanne Gottesman

Lewis & Clark Law Review

This Article explores state constitutions’ promises and pitfalls for immigrant rights advocacy. This is a particularly urgent endeavor, given the anti-immigrant measures of President Trump’s second term and a U.S. Supreme Court that is willing to reverse longstanding precedent. Even cases like Plyler v. Doe, with its guarantee of free public education to undocumented children, could be vulnerable. While U.S. Supreme Court opinions protecting immigrant rights are the gold standard because they apply nationwide, state courts and state constitutions provide critical alternative avenues for relief that should not be overlooked.

This Article considers some state constitutional provisions that may help …

An Intuitionistic Fuzzy Hypergraph Model Enhanced ‎By Forest-Of-Walks Dynamics For Medical Image ‎Segmentation, Brinthaguru Thangaraj, Karthick Palanisamy

Mansoura Engineering Journal

The process of accurately segmenting Urolithiasis and pulmonary nodules from medical images presents significant difficulties because of three main factors which include nonuniform intensity distribution and the presence of weak object borders and the uncertainty caused by anatomical structure overlaps. The study introduces F-Zinhger as a solution to these problems through its application of the Forest of Walks technology. The method uses superpixels as fundamental elements which form a multi-scale hypergraph that establishes hyperedges through three criteria: intensity similarity, spatial proximity, and Z-intuitionistic fuzzy hesitation to capture complex contextual connections. The system incorporates a random walk-based label propagation system. The …

The Steelerville Case: Applying Criminological Theory To Crime And Police Morale, Shamus Smith

Open Educational Resources

Students use a fictional town’s economic decline and rising crime to evaluate at least two criminological theories and their implications for policy. Role-playing as consultants, they develop research-supported recommendations to reduce crime and improve police morale.

Digital Docent: An Analysis Of Accessibility In The Digital Music Space, Erin L. Fowler

Theses and Dissertations

The world is constantly changing and growing, most often seen through advances in technology. When it comes to the world of music, the same can be said, and digitization of musical material is moving at a faster rate than ever before. With the influence that music has on society and considering new ways of making music more accessible to the general public through the public-facing museum format, I wanted to examine how digital music museum exhibits and experiences can be made accessible and if it is possible to fully represent what an in-person exhibit can offer. In 2010, Smithsonian created …

The Impact Of Teachers’ Roles As Boundary Crossers And Boundary Objects In Post- Covid Composition Instruction, Tammie Marie Pierce

Theses and Dissertations

This qualitative case study examined secondary English Language Arts (ELA) teachers’ perceptions of rapid technology integration and its influence on composition instruction and cognitive load in physical, digital, and hybrid spaces. Grounded in theories of boundary crossing and the Cognitive Theory of Multimedia Learning, the study conceptualized teachers as both boundary crossers, navigating instructional spaces, and boundary objects, serving as the support tools for their students’ transitions into digital composition. Data were collected from five ELA teachers in a rural school district through surveys, individual interviews, and questionnaires, and analyzed using a two-phase coding process. Findings indicate that teachers perceived …

Improving Retention Rates Of Teachers Through Analysis Of Second-Career Educators, Colton Perry Jones

Theses and Dissertations

Teacher retention rates have been an issue in education for decades. New teachers continue to leave the field at an alarming rate, despite research and attempts to improve their retention. This study focuses on the population of second-career educators and their reasons for remaining in the field at a higher rate than traditional teachers (those who enter the field directly out of college). The researcher’s focus is to determine which experiences and skills gained by second—career teachers in their previous careers result in them experiencing lower rates of attrition once entering education. A qualitative study will be conducted using semi-structured …

Evaluating Rate Of Perceived Exertion And Heart Rate In High School Weight Training Students For Assessing, Enhancing, And Maintaining Health-Related Fitness, Nicholas Searcy

Theses and Dissertations

This mixed-methods study evaluated the relationship between rating of perceived exertion (RPE) and heart rate (HR) among high school weight-training students during circuit training sessions. The purpose of this study was to determine whether RPE could serve as a practical method for gauging moderate to vigorous physical activity (MVPA) among high school weight-training students while allowing students to assess and enhance their health-related components of fitness. Participants were high school students enrolled in weight-training classes who completed upper- and lower-body circuit training sessions over a 4-week period, or a total of 16 school days. RPE was self-reported using Borg’s CR10 …

Determining Knowledge Gaps In Natural Disaster Preparedness: An Exploratory Analysis Of Socioeconomic Variables And Response Quality, Michelle S. Repass

Theses and Dissertations

This exploratory study examines potential knowledge gaps in natural disaster preparedness across socioeconomic groups in Lee County, Alabama and identifies communication barriers affecting response behavior through the lens of the knowledge gap hypothesis. Survey data from 20 residents were analyzed using an objective socioeconomic status (OSES) score based on household income and highest level of education. Results indicate that while most respondents reported access to weather alerts and favorable behavioral responses that align with current guidelines from the National Weather Service, gaps are present in comprehension, response timing, and engagement in risky behavior that could delay protective action. Findings suggest …

Machine Learning For Predicting Prosthetic Limb Movements, Jessica Alexandra Cegarra Arraiz

Theses and Dissertations

This thesis develops and evaluates a deep learning-based prediction model capable of identifying intended limb movement from surfaced electromyography (sEMG) signals using sequence learning techniques. sEMG signals change over time due to multiple factors such as muscle fatigue or user variability. Traditional prosthetics control methods rely on static feature extraction, ignoring how signals change over time, thereby limiting their ability to capture the temporal changes of muscle activity. As a result, these approaches often lead to poor accuracy, robustness, and generalization. Limited experimental validation has been conducted on sequence-based machine learning approaches using temporal sEMG data from publicly available datasets …

Exploring Secondary Stem Teachers’ Experiences In Online Learning Environments: A Directed Content Analysis Using The Community Of Inquiry Framework, Tiffany Janese Lester

Theses and Dissertations

This study is a directed qualitative content analysis of 21 peer-reviewed studies published between 2020 and May 2025 on secondary STEM teaching in online environments. Using the Community of Inquiry framework, I examined how teaching, social, and cognitive presence shaped instructional strategies, teacher experiences, and reported challenges. Coding with deductive and inductive methods identified recurring themes: teachers adapted to digital platforms, navigated uneven levels of digital fluency, and implemented intentional strategies to maintain social interaction. The studies also revealed persistent equity gaps in access and participation alongside innovative approaches to course and pedagogical design. These themes demonstrate how secondary STEM …

Writing Against The War Machine: Wiflred Owen's Poetic Challenge To World War I Pro-War Rhetoric, Elizabeth Woods

Theses and Dissertations

Wilfred Owen, a soldier-poet who fought in World War I, is often labeled an anti-war poet, with some claiming that he was against the war in its entirety. This thesis explores the opinion that Owen is not an anti-war poet but rather that he wrote against anti-pro-war rhetoric. This includes all types of pro-war rhetoric influential in England for recruitment purposes but mainly focuses on poetry that would be published in newspapers for everyday readers to see. Owen seems to specifically resist two types of pro-war rhetoric, the myth of the German barbarian and what he called the old lie. …