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Full-Text Articles in Social and Behavioral Sciences
The Efficient-Market Hypothesis During A Recession, Jill Marie Williams
The Efficient-Market Hypothesis During A Recession, Jill Marie Williams
Undergraduate Honors Capstone Projects
The phrase, "A Random Walk Down Wall Street" may make a portfolio manager shudder. I first learned about this theory while reading a book of the same name by Burton G. Malkiel. I saw the last four years crashing down around me as I read about the competition I would be facing upon graduation–a blindfolded chimpanzee.
The random walk theorizes that the stock market is so efficient that a blindfolded chimpanzee can throw darts at the Wall Street Journal to select a portfolio of stocks that will perform equally as well as those managed by the experts. Unfortunately for the …
Essays On Scale Economies And Efficiency In Public Education, Kalyan Chakraborty
Essays On Scale Economies And Efficiency In Public Education, Kalyan Chakraborty
All Graduate Theses and Dissertations, Spring 1920 to Summer 2023
Efficiency in public education is a significant issue in the United States. Nationwide, real expenditure per student increased 8% per year between 1960 and 1993, but output as measured by standardized test scores has not increased and in some cases (i.e., the verbal SAT [Scholastic Achievement Test] score) has declined. One explanation is that resources are not being utilized efficiently either in the technical or allocative sense. Also, the issue is important because substantial savings are possible by consolidation of schools and/or districts.
This dissertation explores efficiency by measuring technical efficiency at the school district level from four perspectives. The …
Economic Efficiency Of Grazing Systems, Muhammad Nazir
Economic Efficiency Of Grazing Systems, Muhammad Nazir
All Graduate Theses and Dissertations, Spring 1920 to Summer 2023
Benefits and costs of implementing the specialized grazing systems on federal rangelands managed by the Bureau of Land Management (BLM) were studied. First only the direct benefits and costs were used to determine the internal rates of return on the Bureau of Land Management investments in grazing systems. Secondly, the effects of these systems on profits of private ranchers were determined. Finally the benefits and costs stream on the Bureau of Land Management and the changes in ranchers' profits were brought together to find out the net gain to society from investing the federal funds in specialized grazing systems.
The …