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Articles 91 - 120 of 9281

Full-Text Articles in Social and Behavioral Sciences

“Megadeal” Subsidies, Local Spillovers And Corporate Innovation, Yoojin Lee, Shaphan Ng, Aruhn Venkat Jun 2026

“Megadeal” Subsidies, Local Spillovers And Corporate Innovation, Yoojin Lee, Shaphan Ng, Aruhn Venkat

Research Collection School Of Accountancy

We examine whether the largest place-based, firm-specific corporate subsidies (“Megadeals”) awarded by state and local governments affect local firms’ innovation. First, we document that 1) subsidy firms innovate in the subsidized county and 2) subsidy firms bring inventors from other counties into the subsidized county, consistent with subsidy firms generating new knowledge locally. In our main test, we use a stacked cohort design with stringent fixed effects to document that local firms increase patenting following a Megadeal. Cross-sectionally, effects are increasing 1) in subsidy firm innovativeness, 2) in the technological closeness of subsidy firms and local firms, 3) when subsidy …


The City As Showroom: Singapore And The Rise Of The "Urban Solutions" Industry, Sol Andrew Stokols Jun 2026

The City As Showroom: Singapore And The Rise Of The "Urban Solutions" Industry, Sol Andrew Stokols

Research Collection College of Integrative Studies

This article uses the concept of the “city as showroom” to describe an emergent logic shaping urban development that stems from the growing importance of “urban solutions” as an industry. Focusing primarily on Singapore, the article examines how certain urban districts and high-profile sites are conceptualized as “showrooms” for the infrastructure and urban technologies they aim to export around the world. The idea of the “city as showroom” combines aspects of the curation of a city’s image through showcase districts, as well as “testbed urbanism” seen in certain smart-city projects. Singapore's need to reproduce itself as a model of urban …


To Wait Or To Transfer? A Three-Level Optimization Framework For Intermodal Transfer Coordination In First Train Timetabling And Bus Bridging Services Management, Hao Li, Liujiang Kang, Norman Weik, Huijun Sun, Qingying Lai, Zhiguang Cao Jun 2026

To Wait Or To Transfer? A Three-Level Optimization Framework For Intermodal Transfer Coordination In First Train Timetabling And Bus Bridging Services Management, Hao Li, Liujiang Kang, Norman Weik, Huijun Sun, Qingying Lai, Zhiguang Cao

Research Collection School Of Computing and Information Systems

This study addresses the integrated optimization of the first train timetabling and bus bridging service design (FTT-BBSD) for morning transfer challenges, two critical but interdependent passenger services in the public transit system. In contrast to most existing studies and conventional approaches, this study explicitly models the influence of passenger path choices and transfer mode selections on FTT-BBSD. Through a novel dual-level network representation that integrates subway and bus systems, we formulate the FTT-BBSD problem as a mixed-integer nonlinear programming model. The model simultaneously determines subway and bus timetables and bridging line deployment to minimize total travel time for all first …


Vehicle-Based Multi-Services For Future Smart Cities, Hao Sun, Jinhua Zhao, Hai Yang, Shenhao Wang, Hamsa Balakrishnan, Thomas W. Malone, Hai Wang Jun 2026

Vehicle-Based Multi-Services For Future Smart Cities, Hao Sun, Jinhua Zhao, Hai Yang, Shenhao Wang, Hamsa Balakrishnan, Thomas W. Malone, Hai Wang

Research Collection School Of Computing and Information Systems

Vehicles are crucial for sustaining socioeconomic activity and improving quality of life in modern cities by offering diverse services. These include passenger mobility, goods delivery, information acquisition, and acting as mobile servers such as food trucks and mobile lockers. At the same time, they also contribute to traffic congestion and air pollution. This tension fosters the rise of urban resource-conserving and sustainable service solutions. In this article, we introduce the concept of “Vehicle-Based Multi-Services” (VeMuS), in which a single vehicle offers multiple services simultaneously. Drawing on practical use cases, we examine service classification and integration for vehicles and the potential …


Navigating “I” And “We”: Coupled Identity And Spousal Influence In The Physical Activity Of Older Adults, Sapphire H. Lin, Rich Ling, Sonny Rosenthal Jun 2026

Navigating “I” And “We”: Coupled Identity And Spousal Influence In The Physical Activity Of Older Adults, Sapphire H. Lin, Rich Ling, Sonny Rosenthal

Research Collection College of Integrative Studies

This study explored how established dyadic social ties—particularly spousal relationships—influence older adults’ physical activity. While social support is often viewed as a positive force in promoting health behaviours, long-standing spousal dynamics can exert both enabling and constraining effects. Drawing on qualitative interviews with 22 older adults who participated in a field experiment examining the effects of feedback from fitness trackers and spousal influence, this study delves into the relational, individual, and situational factors shaping physical activity patterns. These factors led to both positive and negative outcomes in terms of step counts, goal attainment, and a diminished interdependence in couples’ physical …


Potential Recyclable Materials In Buildings: A Framework For Greenhouse Gas Emissions Assessment Of Residential Buildings In Singapore, Pradeep Alva, Riccardo Talami, Wanyu Pei, Goran Sibenik, Martin Mosteiro-Romero, Clayton Miller, Rudi Stouffs Jun 2026

Potential Recyclable Materials In Buildings: A Framework For Greenhouse Gas Emissions Assessment Of Residential Buildings In Singapore, Pradeep Alva, Riccardo Talami, Wanyu Pei, Goran Sibenik, Martin Mosteiro-Romero, Clayton Miller, Rudi Stouffs

Research Collection College of Integrative Studies

As countries aim to reduce resource consumption and greenhouse gas (GHG) emissions, Whole Life Carbon Assessment (WLCA) has become a vital method for quantifying embodied and operational GHG emissions. However, few studies have conducted WLCA on an urban scale, often addressing operational or embodied GHG emissions in isolation without considering their cumulative impact. This study introduces a city-wide WLCA framework to assess the potential recyclable materials of urban building stock, using Singapore as a case study with 5915 public residential buildings. Upfront GHG emissions are calculated from material intensity and building information, while operational emissions are based on energy use …


From Review To Synthesis: A Step-By-Step Methodological Guide To Systematic Reviews And Multilevel Meta-Analyses, Meilan Hu, Paye Shin Koh, Xun Ci Soh, Andree Hartanto, Nadyanna M. Majeed Jun 2026

From Review To Synthesis: A Step-By-Step Methodological Guide To Systematic Reviews And Multilevel Meta-Analyses, Meilan Hu, Paye Shin Koh, Xun Ci Soh, Andree Hartanto, Nadyanna M. Majeed

Research Collection School of Social Sciences

We provide a step-by-step guide on conducting a quantitative systematic review (i.e., meta-analysis) using the open-source programming language R, as well as conducting a multilevel meta-analysis, in contexts where effect sizes are non-independent (e.g., multiple studies from the same lab). Quantitative systematic reviews offer researchers a method for synthesizing large bodies of literature, helping clarify inconsistent findings, identify research gaps, and refine theoretical models. However, existing tutorials often assume prior knowledge and/or experience, often overlooking foundational concepts. To address this gap, a comprehensive walkthrough of the systematic review process is presented, covering pre-registration, literature search and retrieval, screening, risk of …


Well-Being Of University Students In Singapore, Tina Li Yi Ng, Andree Hartanto, William Tov Jun 2026

Well-Being Of University Students In Singapore, Tina Li Yi Ng, Andree Hartanto, William Tov

Research Collection School of Social Sciences

Singapore provides an insightful case study for university student well-being due to its national culture of competitiveness. Amid a meritocratic society that valorizes academic success as the path to securing one’s future (Ho et al., 1998), educational attainment is central to Singaporean university students’ well-being (Inter-University Network, 2022). In response to Singapore’s increasing incidence of mental health challenges among young adults (Ministry of Health Singapore, 2022), the government and higher education institutes have sought to destigmatize mental health and improve accessibility to related resources. In this chapter, we review the literature on the well-being of Singaporean university students. We situate …


The Emerging Roles Of Ai In Self-Directed Stress Management: Systematic Review, Mary Kamillah Grace Reyes, Shauna Sha Min Teo, Andree Hartanto Jun 2026

The Emerging Roles Of Ai In Self-Directed Stress Management: Systematic Review, Mary Kamillah Grace Reyes, Shauna Sha Min Teo, Andree Hartanto

Research Collection School of Social Sciences

Background: Stress is widespread and carries substantial mental health, social, and economic burdens. Yet, access to clinician-led stress management remains constrained by service capacity, cost, and stigma. In response, artificial intelligence (AI)–enabled tools have rapidly proliferated as scalable, self-directed options. However, evidence on how these systems support stress management outside formal clinical settings remains fragmented. Objective: This systematic review aimed to synthesize empirical evidence on how AI-enabled technologies are used for self-directed stress management. We mapped the emerging functions of these tools, the psychological frameworks informing their design, the populations and settings studied, and the outcomes reported. Methods: We conducted …


Ai Fatigue In Human–Ai Interaction: Conceptual Framework, Scale Development And Validation, And Associations With Ai Engagement, Gabriel R. Lau, K. T. A. Sandeeshwara Kasturiratna, Adalia Y. H. Goh, Eddie M. W. Tong, Andree Hartanto Jun 2026

Ai Fatigue In Human–Ai Interaction: Conceptual Framework, Scale Development And Validation, And Associations With Ai Engagement, Gabriel R. Lau, K. T. A. Sandeeshwara Kasturiratna, Adalia Y. H. Goh, Eddie M. W. Tong, Andree Hartanto

Research Collection School of Social Sciences

Emerging from the accelerating pace of AI development, user fatigue arising from prolonged human–AI interaction has become an increasing concern in public discourse. This growing attention underscores the need to clarify why sustained engagement with AI systems can generate psychophysiological strain and how such exhaustion manifests in users. The present research develops a conceptual framework for AI fatigue and introduces the 15-item AI Fatigue Scale as a validated tool for examining its correlates. Across four studies with 717 participants, we generated and content-validated an item pool, identified and confirmed a four-factor (cognitive, emotional, physical, behavioural) higher-order model. The scale demonstrated …


Beyond Religious Narcissistic Identification: Agnostic And Atheistic Narcissism, Magdalena Żemojtel-Piotrowska, Jarosław Piotrowski, Bartłomiej Nowak, V. Saroglou, John Maltby, Constantine Sedikides, Mladen Adamovic, Nur Amali Aminnuddin, Seth Christopher Yaw Appiah, Rahkman Ardi, Zana Babakr, Einar Baldursson, Sergiu Bălţătescu, M. Bilgehan Aytaç, Li, Norman P., Bruno Bonfá-Araujo, Matthias Burghart, Phatthanakit Chobthamkit, Marilyn Clark, Magali. Clobert Jun 2026

Beyond Religious Narcissistic Identification: Agnostic And Atheistic Narcissism, Magdalena Żemojtel-Piotrowska, Jarosław Piotrowski, Bartłomiej Nowak, V. Saroglou, John Maltby, Constantine Sedikides, Mladen Adamovic, Nur Amali Aminnuddin, Seth Christopher Yaw Appiah, Rahkman Ardi, Zana Babakr, Einar Baldursson, Sergiu Bălţătescu, M. Bilgehan Aytaç, Li, Norman P., Bruno Bonfá-Araujo, Matthias Burghart, Phatthanakit Chobthamkit, Marilyn Clark, Magali. Clobert

Research Collection School of Social Sciences

Agnosticism and atheism are often grouped simply as nonreligious identities, yet emerging research highlights their distinct psychological profiles and social implications. Among these distinctions, collective narcissism—characterized by strong attachment to one’s group, exceptionalism, and grievance for recognition—offers a framework for understanding identity processes in both nonreligious groups. We examined whether agnostics and atheists exhibit collective narcissism and its forms (agentic—focused on exceptional effectiveness; communal—focused on exceptional morality) similarly to believers. We explored crossdenominational variance in agentic and communal collective narcissism levels relying on data from 77 countries (N = 3,570; 1227 agnostics, 2343 atheists). Agnostics and atheists from secular countries …


Drone Urbanisms, Siew Ying Shee Jun 2026

Drone Urbanisms, Siew Ying Shee

Research Collection School of Social Sciences

Across contemporary cities, unmanned aerial vehicles (UAVs) particularly drones have emerged as critical instruments for sensing, visualizing, and reconfiguring the built environment. Yet, urban space is not merely a passive backdrop for drone activity; it both shapes and is reshaped by them. The central question for understanding drone urbanism, then, is not only what drones do, but how their deployment redistributes the agency to see, know, and intervene across human operators, infrastructures, and algorithms.This renegotiation of visibility, authority, and knowledge takes shape through the ways drones mediate the governance and experiential textures of the city. Departing from the distant totalities …


Just-In-Time Brokerage: Commodifying Women’S Casual Labor In China’S Capitalist Agriculture, Hui Ma, Qian Forrest Zhang Jun 2026

Just-In-Time Brokerage: Commodifying Women’S Casual Labor In China’S Capitalist Agriculture, Hui Ma, Qian Forrest Zhang

Research Collection School of Social Sciences

What social processes are required not only to recruit workers, but to repeatedly assemble and deliver labor power as a usable commodity in the specific quantity, quality, and timing demanded by capitalist production? In the commercial mushroom cultivation in rural China studied here, this problem is solved through a distinctive form of informal intermediation – just-in-time brokerage – carried out by female labor brokers who organize the supply of village women’s casual labor. Drawing on qualitative field research, we show that brokerage here goes beyond recruiting semi-proletarianized rural women into wage work and revolves primarily around “provisioning”: assembling packages of …


Daily Problematic Smartphone Use Predicts Decreases In Self-Control Capacity: Evidence From Random-Intercept Cross-Lagged Panel Model, Adalia Yin Hui Goh, Andree Hartanto Jun 2026

Daily Problematic Smartphone Use Predicts Decreases In Self-Control Capacity: Evidence From Random-Intercept Cross-Lagged Panel Model, Adalia Yin Hui Goh, Andree Hartanto

Research Collection School of Social Sciences

Amidst the widespread increase in global smartphone screen time and the phenomenon of ‘The Great Exhaustion’, where multiple surveys indicate pervasive tiredness and feelings of being drained, there is growing concern about the link between problematic smartphone use and the capacity for self-control. While numerous studies have investigated the relationship between problematic smartphone use and self-control capacity, they are mostly cross-sectional. Thus, it is unclear whether the lack of capacity for self-control is an antecedent or consequence of problematic smartphone use. Addressing the research gap, we conducted a 7-day diary study to investigate the bidirectional relationship between problematic smartphone use …


Parasocial Relationships With Artificial Intelligence (Ai): A Systematic Review Of Benefits And Risks, Jing Wen Hung, Charlotte K. Y. Lee, K. T. A. Sandeeshwara Kasturiratna, Andree Hartanto Jun 2026

Parasocial Relationships With Artificial Intelligence (Ai): A Systematic Review Of Benefits And Risks, Jing Wen Hung, Charlotte K. Y. Lee, K. T. A. Sandeeshwara Kasturiratna, Andree Hartanto

Research Collection School of Social Sciences

Advances in artificial intelligence (AI) have transformed AI systems into increasingly interactive and relational agents, raising questions about the consequences of the perceived sense of intimacy and reciprocity formed with AI systems. The present systematic review synthesised empirical evidence on the benefits and risks of AI parasocial relationships across diverse AI agents and contexts. Following PRISMA guidelines, 39 empirical records were identified and analysed using narrative thematic analysis. Through this, five key benefits of AI parasocial relationships were identified, namely personal development and adaptive functioning, emotional support, social needs fulfilment, enjoyment and entertainment, and community participation and social belonging. However, …


Engineering Immunity? Biotechnical Governance And The Experimental Failures Of Project Wolbachia In Singapore, Siew Ying Shee, Orlando Woods, Sayd Randle Jun 2026

Engineering Immunity? Biotechnical Governance And The Experimental Failures Of Project Wolbachia In Singapore, Siew Ying Shee, Orlando Woods, Sayd Randle

Research Collection School of Social Sciences

This paper introduces the idea of ‘experimental failure’ to critically interrogate the limits of engineering biological systems for urban governance. Whilst experimentation through projects related to smart cities and eco-cities has garnered significant attention, biotechnical experiments––which manipulate living organisms through technology––remain underexplored. Unlike interventions leveraging non-living, inanimate systems, engineering life must contend with ecological ‘unruliness’ and social uncertainties. These complexities often resist straightforward quantification and exceed conventional evaluation frameworks, demanding a rethinking of what constitutes ‘success’ and ‘failure’ in such interventions. Drawing on ethnographic research with public health officers, pest management professionals and residents in Singapore, we analyse the government-led …


Calibrations And Compliance: The Role Of Motivations In Policy Instrument Design, Panchali Guha, Ishani Mukherjee Jun 2026

Calibrations And Compliance: The Role Of Motivations In Policy Instrument Design, Panchali Guha, Ishani Mukherjee

Research Collection School of Social Sciences

Most research on the role of policy calibrations in fostering policy target compliance has focused on the calibration of incentives and deterrents; less attention has been paid to examining the deployment and calibration of a wider range of policy instruments with the intention of eliciting a greater degree of compliance from policy targets with heterogeneous motivations. This article addresses this gap in the literature by empirically testing multiple hypotheses on the relationship between the calibration of different kinds of policy instruments and policy compliance for policy targets characterized by different motivations. Using data from a vignette experiment set in the …


Durable Benefits Of Learning-By-Teaching For Research Question Generation Performance: A Field Experiment, Stephen Wee Hun Lim, Sarah Shi Hui Wong, Piyawan Visessuvanapoom Jun 2026

Durable Benefits Of Learning-By-Teaching For Research Question Generation Performance: A Field Experiment, Stephen Wee Hun Lim, Sarah Shi Hui Wong, Piyawan Visessuvanapoom

Research Collection School of Social Sciences

Generating good questions is central to scientific inquiry. How can we improve this skill in classrooms? This field experiment showed that teaching others enhances students’ ability to generate higher-order research questions that create new knowledge. Whereas learning-by-teaching often involves delivering face-to-face or video-recorded lectures, we tested its efficient implementation via writing a verbatim (i.e., word-for-word) teaching script, exactly as how one would orate a lecture. In a research and statistical methods course, 199 undergraduates studied statistical concepts by writing verbatim teaching scripts or study notes. One month later, students’ long-term learning was assessed on a high-stakes test, whereby they explained …


Not Retirement, But A Rewiring And Fresh Perspectives Post-Dbs, Says Piyush Gupta [Interview With Business Times], Su Shyan Lee, Piyush Gupta May 2026

Not Retirement, But A Rewiring And Fresh Perspectives Post-Dbs, Says Piyush Gupta [Interview With Business Times], Su Shyan Lee, Piyush Gupta

Oral History Collection

In an interview with The Business Times, SMU Chairman Piyush Gupta discussed topics ranging from meditation and conservation to the future of education. On his role at SMU, he emphasised his desire to help shape tertiary education and noted that the rise of AI makes it critical to rethink how we learn. Mr Gupta believes that in an AI-driven world, students must move beyond domain knowledge to focus on interpreting information, "connecting the dots," and engaging others with genuine empathy. He is supportive of a more experiential curriculum at SMU — one that focuses on regional exposure through internships and …


Reflections On Building Data Harnessing Literacy: A Three-Tier Approach For Business, Redzuan Abdullah May 2026

Reflections On Building Data Harnessing Literacy: A Three-Tier Approach For Business, Redzuan Abdullah

Research Collection Library

This is part of a summary of my presentation at the INCONECSS 2025, on SMU Libraries’ approach to offering data discovery services to its research community. As academic libraries evolve into vital research partners, business librarians face unprecedented demands to support complex, data-intensive research across financial and business databases. This piece explores a fundamental question: How do we keep up?


Brief Virtual Reality And Mixed Reality Mindfulness Breathing Exercise For Emotional Well-Being And Cognitive Functions In University Students: Within-Subjects Experimental Design Study, Zoey Khai Yee Eun, Charmaine Jiali Koh, Hwajin Yang, Adalia Yin Hui Goh, Meilan Hu, K Tennakoon Appuhamillage Sandeeshwara Kasturiratna, Andree Hartanto May 2026

Brief Virtual Reality And Mixed Reality Mindfulness Breathing Exercise For Emotional Well-Being And Cognitive Functions In University Students: Within-Subjects Experimental Design Study, Zoey Khai Yee Eun, Charmaine Jiali Koh, Hwajin Yang, Adalia Yin Hui Goh, Meilan Hu, K Tennakoon Appuhamillage Sandeeshwara Kasturiratna, Andree Hartanto

Research Collection School of Social Sciences

Background: Mindfulness has been shown to enhance emotional well-being and cognitive performance, yet much of this evidence stems from interventions requiring prolonged practice, making them time-consuming and less accessible. Recent studies suggest that brief mindfulness sessions may also yield positive outcomes, but the effectiveness of such interventions in virtual reality (VR) and mixed reality (MR) remains underexplored. Objective: This study investigates the effects of brief mindfulness breathing exercises delivered through VR and MR on attentional and emotional restoration and self-control capacity. Methods: Using a within-subjects experimental design, 102 undergraduate participants (n=83, 81.4% female; mean age 20.87, SD 1.89) completed a …


Meritocracy And Equal Access To The Public Sector: A Comparative Analysis Of Accessibility To Public Sector Jobs And Public Services, Beomgeun Cho, Heasun Choi May 2026

Meritocracy And Equal Access To The Public Sector: A Comparative Analysis Of Accessibility To Public Sector Jobs And Public Services, Beomgeun Cho, Heasun Choi

Research Collection School of Social Sciences

This study investigates the impact of meritocracy on equal access to the public sector, focusing on public sector employment and services. While meritocratic principles promote impartiality and fairness in administrative processes, their effectiveness in improving equal accessibility remains understudied and contested. Drawing on the literature linking meritocracy to democratic stability, we argue that strong meritocratic systems enhance equal access to the public sector regardless of social groups and gender by fostering professional stewardship in the bureaucracy and strengthening checks and balances between bureaucrats and politicians. Our findings, drawn from a panel dataset consisting of 161 countries over 49 years, suggest …


Expanding Links Between Work Values And Occupations: Development Of The Occupational Values Inventory (Ovi), Nicholas F. Heimpel, Kevin Hoff, Zihan Liu, Federick L. Oswald, James Rounds May 2026

Expanding Links Between Work Values And Occupations: Development Of The Occupational Values Inventory (Ovi), Nicholas F. Heimpel, Kevin Hoff, Zihan Liu, Federick L. Oswald, James Rounds

Research Collection Lee Kong Chian School Of Business

This research developed the Occupational Values Inventory (OVI), a 30-item measure that expands the content coverage of work values by linking into a broad range of O*NET occupational descriptors, including Work Activities and Work Contexts, along with salary data from the Bureau of Labor Statistics. The OVI assesses 11 work values—Interpersonal, Outdoor, Physical, Leadership, Salary, Prestige, Variety, Interest, Work Hours, Knowledge Utilization, and Autonomy—providing an updated and refined coverage of work values relevant to people and occupations in the modern labor market. Study 1 (N = 768) developed and refined the OVI’s scales using conceptual and psychometric criteria, also reporting …


Bitcoin Options Risk-Reversal Predictability, Meng Hwee Neo May 2026

Bitcoin Options Risk-Reversal Predictability, Meng Hwee Neo

Dissertations and Theses Collection (Open Access)

This dissertation examines whether Bitcoin options risk-reversal (RR) spreads predict future Bitcoin returns, using daily Deribit data from April 2021 to December 2025 (1,723 observations).

In the primary 25-delta, 90-day specification, the RR coefficient is significant at the 1% level in a thirteen-variable baseline regression with Newey–West standard errors. Robustness tests across all available delta–tenor specifications show statistically significant RR coefficients in the majority of configurations, concentrating in the 30–180-day maturity band.

The butterfly spread (BF) also predicts returns. Both remain significant after controls are added: the RR t-statistic increases from 1.91 (univariate) to 3.73 (full baseline), and the BF …


Essays On High-Frequency Dynamics Of Asset Prices, Yuhong Zhu May 2026

Essays On High-Frequency Dynamics Of Asset Prices, Yuhong Zhu

Dissertations and Theses Collection (Open Access)

This dissertation studies econometric inference for high-frequency financial data, with a focus on detecting nonstandard drift and volatility dynamics in continuous-time models.

The first chapter proposes a new framework for uniform inference on explosive drift in high-frequency data, where conventional Gaussian approximations can fail due to the non-Gaussian behavior of short-window spot statistics. Under fixed-window asymptotics, these statistics are coupled with dependent t variables, and their maximum converges to a Fréchet distribution. We establish an anti-clustering condition for dependent t-statistics under overlapping windows and develop a feasible coupling-based test. Simulation results demonstrate better size control, and the empirical findings suggest …


Essays On Money Search Models, Fangfang Gong May 2026

Essays On Money Search Models, Fangfang Gong

Dissertations and Theses Collection (Open Access)

This dissertation comprises three papers that use money search models to revisit the distributional welfare costs of inflation, study the optimal design of a central bank digital currency (CBDC), and investigate the role of liquidity and monetary policy in initial investment and capital reallocation in secondary markets.

The second chapter develops a micro-founded general equilibrium model of payments to revisit the distributional welfare costs of inflation. We consider different cost structures incurred by merchants when accepting cash and deposits. In equilibrium, there exists a cutoff for buyers’ money holdings, above which card payments are accepted by merchants. We calibrate the …


Uncertainty, Information, And Major Choice: Evidence From Chinese Gaokao, Sikun Dou May 2026

Uncertainty, Information, And Major Choice: Evidence From Chinese Gaokao, Sikun Dou

Dissertations and Theses Collection (Open Access)

An unresolved background risk makes people more averse to other, independent  risks—most of all when a high-stakes, irreversible choice must be made under that risk. College major choice is such a setting. In China, students are admitted directly into a major they cannot easily change, and in the early 2000s they had to commit before learning their exam scores, bearing a field’s academic risk on top of an unresolved admission risk. Because STEM fields carry more academic risk and women are on average more risk-averse, this burden falls hardest on women’s entry into STEM. Exploiting a reform that moved application …


The Restorative Effects Of Nature Exposure Via Virtual Reality On Well-Being, Self-Control, And Working Memory, Zoey K. Y. Eun, Hwajin Yang, Nicole R. Y. Chen, Andree Hartanto May 2026

The Restorative Effects Of Nature Exposure Via Virtual Reality On Well-Being, Self-Control, And Working Memory, Zoey K. Y. Eun, Hwajin Yang, Nicole R. Y. Chen, Andree Hartanto

Research Collection School of Social Sciences

The psychological benefits of nature exposure are vital for well-being in an increasingly urbanised world. While previous research has consistently demonstrated the restorative effects of natural environments on both physical and psychological health, findings on virtual nature simulations remain mixed, possibly due to the limited immersive quality of conventional displays. Virtual reality (VR), however, provides immersive visual and auditory engagement, making it a promising alternative for delivering nature-based experiences when direct exposure to real nature environments is unavailable. The present study examined the effects of VR-simulated nature on attentional and emotional restoration and self-control capacity, using a preregistered, within-subjects experimental …


Financial Technology And Household Wealth, Rongbo Zhou May 2026

Financial Technology And Household Wealth, Rongbo Zhou

Dissertations and Theses Collection (Open Access)

With the spread of mobile payment platforms in China, the micro-foundations of household financial behaviour have been reshaped, and this change is increasingly reflected in household property income. Based on microdata from the China Household Finance Survey (CHFS) for 2015, 2017, 2019, and 2021, this dissertation examines how mobile payment use affects household property income, through which channels this effect is transmitted, and how its impact differs across household groups, regional conditions, and macro-financial environments.

The empirical results show a positive association between the use of mobile payment platforms and household property income. This conclusion remains robust after controlling for …


Public Pool Usage As Adaptation Against Urban Heat, Stefan Borsky, Eric Fesselmeyer May 2026

Public Pool Usage As Adaptation Against Urban Heat, Stefan Borsky, Eric Fesselmeyer

Research Collection College of Integrative Studies

This paper examines the relationship between urban heat and outdoor public pool usage. Using attendance data from all 53 outdoor public pools in New York City, we analyze nonlinear effects of heat on pool usage across socioeconomic contexts. Pool attendance rises sharply with heat, especially in low-income neighborhoods where alternative coping options are likely limited. We also find that public pools reduce heat-related emergency medical service calls. Our findings highlight the need for equitable investment in blue infrastructure to enhance urban climate resilience and demonstrate how this type of adaptive infrastructure can play a critical role in managing urban heat.