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Social and Behavioral Sciences Commons

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Full-Text Articles in Social and Behavioral Sciences

The Conscience Of The Dollar: Are Religious Donors Sensitive To Moral Infractions?, Bradley Yam Aug 2021

The Conscience Of The Dollar: Are Religious Donors Sensitive To Moral Infractions?, Bradley Yam

The Yale Undergraduate Research Journal

Do religious donors give strategically or idealistically? The entanglement between the conservative Republican party and religious groups, particularly evangelical Christianity, on issues of abortion, sexual mores, and family values makes it difficult to analyze this question along voting lines. Regardless of how one votes, citizens and organizations can still punish their political leaders for moral infractions by voting with their wallets. This study aims to discern if there is a relationship between political scandals and religious donations.


Shadow Banks, Money Market Funds, And Regulation: How Much Is Too Much?, Ainsley Weber Aug 2021

Shadow Banks, Money Market Funds, And Regulation: How Much Is Too Much?, Ainsley Weber

The Yale Undergraduate Research Journal

This paper examines the development of the shadow banking sector in the US leading up to the global financial crisis of 2007-2008. Shadow banking, or nonbank financial intermediation, consists of credit intermediation that takes place outside of the traditional banking sector. This can include off-balance sheet operations at banks and finance holding companies as well as operations at other nonbank financial companies. The paper reviews how shadow banking emerged as a result of regulatory arbitrage and the search for higher returns before considering how it contributed to the buildup of systemic risk leading up to the crisis. It specifically inspects …


The Run On Repo And Bank Stock Returns, Madison Battaglia Aug 2021

The Run On Repo And Bank Stock Returns, Madison Battaglia

The Yale Undergraduate Research Journal

The run on the sale and repurchase market (“run on repo”) was at the nexus of the Financial Crisis of 2007- 2009. Up until now, the economics literature has not studied the effect of sale and repurchase agreement (“repo”) haircuts on bank stock returns using an empirical economic approach. I utilize private repo haircut data from 2007Q1-2009Q1 supplemented with bank stock returns, total reserve balances, and market rate of returns and risk-free rate of returns data to trace the path of crisis from repurchase agreements into a market that had no connection to housing. In linear model regressions, I find …


The Dark Side Of Variety: An Economic Model Of Choice Overload, Teeger Li Blasheck, Jawwad Noor Aug 2021

The Dark Side Of Variety: An Economic Model Of Choice Overload, Teeger Li Blasheck, Jawwad Noor

The Yale Undergraduate Research Journal

Choice Overload is a phenomenon well studied in psychology. It goes against the classical ³more is better´ dogma and describes the behavior of an agent when presented with too many options, in which instance an agent may either experience a decrease in satisfaction or end up deferring the choice all together. The standard Utility Maximization model of economics, however, largely follows the classical dogma and is unable to accommodate the behaviors of Choice Overload. This paper seeks to offer two possible economic models for Choice Overload based on the two mechanisms put forward by the psychological literature: search cost and …