Economics Commons^™

Session 1-2-F: Sports As An Alternative Asset Class: Gambling As An Investment, Brendan Poots

International Conference on Gambling & Risk Taking

Genesis of the idea came in 2007 in NYC when studying at Columbia. The trading of sports utilising strategies and other traditional financial market practices was identified as a burgeoning opportunity.

Towards the end of 2007 a private Fund with owner’s capital was started.

Global Financial Crisis in 2008 – all asset classes lost value. Diversification did not work. The Olympics, the Superbowl, the World Series and all the Grand Slam tennis and golf tournaments went ahead unaffected.

Priomha Capital Sports Hedge Fund Founded in 2010

Global HQ – Melbourne

Trading office – London & Las Vegas (2014)

Priomha Capital …

Session 1-2-F: Rationality And Risk Intelligence In Binary Betting, Raph Di Guisto, Aaron C. Brown, Nick Maughan

International Conference on Gambling & Risk Taking

We analyze 1.6 million binary bets on financial markets totaling $600 million in stakes, placed by 21,000 bettors at a large Internet betting site. The data set is unusually large and complete, plus has one additional important advantage: we can obtain objective independent estimates of the ex ante probability of winning each bet, using data from financial markets. This allows us to distinguish bettor profit due to superior prediction of financial events from bettor profit due to exploiting ex ante favorable odds situations. We focus on the degree or type of skill possessed by bettors (if any), and the amount …

Session 1-2-A: Building, Maintaining And Evaluating A Statewide Treatment Program For Problem Gambling, Timothy W. Fong

International Conference on Gambling & Risk Taking

Shows how to build, maintain and evaluate programs for problem gambling

Program: The 15th International Conference On Gambling & Risk Taking, University Of Nevada, Las Vegas, University Of Nevada, Reno

International Conference on Gambling & Risk Taking

Listing of presentations, events, and sponsors

The Role Of The Ocean Industry In The Chinese National Economy: An Input-Output Analysis, Rui Zhao

Working Papers

The OEAS (Ocean Economy Accounting System) has been established in China for 6 years. However, the economic impact of the ocean economy in China’s national economy has not yet been understood clearly at the national or regional levels. The direct impact of ocean industries in China at national and regional levels has been compiled for the period of 2001-2011, but it is still unclear what the overall economic impacts of ocean industries are in the national economy, and how the ocean industries interact with other industries in the national economy. China is similar to other ocean countries in that, - …

Nguyen ’15 Places In Putnam Competition, Natalya Grabavoy

News and Events (Discontinued Series)

No abstract provided.

Energy Independence In The Usa, Janice Ringler

Student Papers in Public Policy

During President Barack Obama’s first term and throughout the recent presidential campaign, there was much discussion about becoming energy-independent as a nation. Indeed, one of the most pressing issues facing the country today is our energy future. This is especially a concern in areas where mainstream energy sources (coal, gas, oil) do not exist, and thus must be imported. Many believe that this is a problem that communities and states are better suited to tackle than the federal government due to the flexibility and knowledge of state policy initiatives. In this brief I will propose a variety of measures that …

A Policymaker's Guide To Feed-In Tariffs: Encouraging A Responsible Transition To Renewable Electricity In California, Roland P. Thayer

Pomona Senior Theses

The feed-in tariff is a flexible, yet effective mechanism in promoting the proliferation of renewable electricity in California. The tariff creates a stable investment environment that protects both the utilities and the renewable electricity generators. Not only does the system foster capacity growth, but also technological advancement to the point where renewable electricity can compete in the market without assistance. From an environmental standpoint, the feed-in tariff contributes significantly towards achieving the emissions reduction goals set forth by AB32 without causing harmful increases to electricity prices.

The feed-in tariff model has been used in countries all over the world and …

Economics And Attitude: The Effects Of Happiness On Economic Development, Chris Pace

Undergraduate Research Conference

No abstract provided.

[Sabbatical Report], Alex Lebedinsky

Sabbatical Reports

During the sabbatical leave I collaborated with Dr. Ferhan Atici of the Mathematics department on a new theory of mathematical modeling called Time Scale Calculus (TSC). Dr. Atici and I are also working on another article (titled) "Cagan-type rational expectation model on complex discrete time domains."

An Evaluation Of Environmental Education Programs On Pemba Island, Lindsay Kingston

Independent Study Project (ISP) Collection

Pemba Island, a member of the Zanzibar archipelago, is intimately connected and highly dependent on their natural resources, which are rapidly deteriorating. How to sustain their agrarian-based economy whilst also conserving the environment is the current challenge facing this island. Key to overcoming this dilemma is the development of knowledgeable and effective environmental organizations, such as environmental clubs and NGOs. A small-scale assessment of the environmental education (EE) and associated clubs was established primarily through a student survey, on-site visits, and interviews. It focuses primarily on evaluating three schools and their associated clubs, but also provides information on the Island’s …

Overcoming Environmental Injustices: An Analysis Of Citizen Assemblies’ Fight Against Open-Pit Mining In Bariloche And Esquel, Sara Kleinkopf

Independent Study Project (ISP) Collection

Worldwide, environmentalism and environmental concern is growing. Additionally, environmental issues like pollution and contamination are no longer considered simply environmental problems; environmental issues are now frequently analyzed from a sociological perspective. Beginning in the 1980s in the United States, the investigation of the relationship between environmental and social issues developed into the theory of environmental justice. This theory postulates that the unequal distribution of environmental harm occurs in correlation with (or is a direct result of) a lack of political recognition and participation.

In this investigation, I utilize the theory of environmental justice to analyze the development of open-pit mining …

Cultivating Change: Women Transforming Holland’S Food System, Meg Vandeusen

Independent Study Project (ISP) Collection

Women are influential in the production and reproduction of food systems. Historically, domesticity positioned women as gatekeepers to their family’s food consumption; these food practices have in turn informed cultural codes that construct personal identity. Feminist scholars have investigated how cooking and feeding practices affect a woman’s perception of self and interaction with society. Both practices are viewed as a simultaneous burden and pleasure, as an act of victimization and empowerment. These binaries must be deconstructed in order to create change within the food system. The impact of women taking control of the full cycle – gaining knowledge of where …

Creating Sustainable Economic And Ecological Growth In The Congo Basin: Bushmeat Consumption And Biodiversity Protection, Richelle Lynn Warnock

Masters Theses

This research examines the economic and ecological sustainability of bushmeat hunting in the Congo Basin, specifically the Democratic Republic of Congo and the Republic of Congo. Although bushmeat hunting has provided short term gain for individuals in the region, long term solutions focusing on micro and macro level interventions may provide community wide benefits, while protecting Congo Basin wildlife. Research shows that a focus on the development of key economic sectors such as agriculture, mineral resources and hydroelectricity, as well as the growth of infrastructure may provide viable economic gain for the Congo Basin. Ecotourism and improvements to forest management …

The Infinite And The Finite: An Analysis Of The United States’ Energy Future, Elise Voorhis

Independent Study Project (ISP) Collection

Last year the New York Times published a newsworthy article stating that the United States could become “Energy Independent” from the tumultuous OPEC countries. This groundbreaking revelation, supported by statistics from the International Energy Agency, claimed that newfound energy resources were spread throughout North America in the form of shale oil and gas. Politicians and the public clung to this possibility in the face of strenuous relations with the Middle East as the Arab Spring and the War on Terror waged on. However, the consequences of becoming “energy independent” have not been considered. What are the geopolitical implications of pursuing …

Lara Ngom Ii Acoli: Identifying Root Causes And The Impact Of Cultural Cataclysm On Land Conflict Resolution In Nwoya District, Northern Uganda, Madison Stevens

Independent Study Project (ISP) Collection

Endemic land insecurity is a critical aspect of the negative peace presently felt by the Acoli sub-region in the wake of two decades of conflict,2 as well over two thousand instances of land disputes have been recorded in the region since the cessation of hostilities in 2006.3 This study examines the dynamics of land conflicts in Nwoya district, Northern Uganda. The research was conducted over four weeks of independent research in Nwoya district, and incorporates the perspectives of various actors involved in land conflicts and the dispute resolution process. Findings incorporate field-based information gathered primarily from interviews with key stakeholders, …

Seeking Peace In The Niger Delta: Oil, Natural Gas, And Other Vital Resources, Darren Kew, David L. Phillips

New England Journal of Public Policy

Nigeria’s oil-rich Niger Delta region has seen little benefit from the billions of dollars earned from oil over the last four decades, prompting a growing but disorganized insurgency across the region. Irresponsible oil companies and government officials have reduced the Niger Delta to one of the most polluted environments on earth. Corrupt local and national politicians, many of whom came to power through rigged elections, have colluded to manipulate ethnic divisions amid poverty to loot the region’s wealth. Consequently, the people of the Niger Delta have no formal political voice in Nigeria’s nascent democratic system, increasing the appeal of militias …

Steam...Now!, John Eger

The Transdisciplinary STEAM+ Journal

With America slowly awakening to the need to turn out creative and innovative workers who can join the 21^st century (its already 2012) workplace -- because they have the new thinking skills --we have to change the current emphasis on STEM, for Science, Technology, Engineering and Math to STEAM, by insuring that the whole brain is nurtured through the arts: thus STEAM.

Design, Implications And Analysis Of Household Survey: Practical Issues To Note, O. O. Akanji

Bullion

This paper is to enhance the analytic processes of survey data as generated in the established household survey framework for economic policy management and decision making. The paper is divided into four sections. Section 1 is the introduction while Section 2 is the descriptive statistics emphasizing the models that bring out the relationship between the survey variables, Section 4 concludes and proffers recommendations.

U.S. Employment Outlook For 2013, Randall W. Eberts

Periodical Articles

No abstract provided.

Decomposition Of Ireland’S Carbon Emissions From 1990-2010: An Extended Kaya Identity, Tadhg O'Mahony

Articles

In recent decades, Ireland has been an important example of a development pathway where rapid economic growth was accompanied by rising energy demand and increasing carbon emissions. Understanding the driving forces of carbon emissions is necessary for policy formulation and decomposition analysis is widely used for this purpose. This study uses an extended Kaya identity as the scheme and applies the log mean Divisia index (LMDI I) as the decomposition technique. Change in carbon emissions is decomposed from 1990 – 2010 and includes a measure of the effect of renewable energy penetration. Results illustrate that scale effects of affluence and …

Sustainable What? An Overview And Assessment Of "Sustainable Development", Jeffrey K. Hass

Sociology and Anthropology Faculty Publications

Occasionally an academic term becomes a meme in broader media and popular discourse. Among such terms are "stagflation", "globalization", and the concept that this chapter and volume addresses: "sustainable development". Like many other such terms, this concept implies an important subject and broad outlines of research programs and policy initiatives. Yet while provoking consideration of important and often uneasy issues, such a term can also mystify or deflects attention from other related issues. Given the clear evidence of global warming trends and the costs of environmental degradation, the eventuality of peak oil and increasing demand for increasingly scarce fossil fuels …

Nfl Betting Market: Using Adjusted Statistics To Test Market Efficiency And Build A Betting Model, James P. Donnelly

CMC Senior Theses

The use of statistical analysis has been prevalent in the sports gambling industry for years. More recently, we have seen the emergence of "adjusted statistics", a more sophisticated way to examine each play and each result (further explanation below). And while adjusted statistics have become commonplace for professional and recreational bettors alike, little research has been done to justify their use. In this paper the effectiveness of this data is tested on the most heavily wagered sport in the world – the National Football League (NFL). The results are studied with two central questions in mind: Does the market account …

Is Ethanol A Potential Solution To Reducing U.S. Foreign Oil Dependence?, Jasmina N. Patel

Masters Theses

In this study, we estimated the impact of increasing ethanol production on net imports of crude oil in the United States. We also examined whether factors such as com production, population, gross fixed capital formation and the Energy Policy Act of 2005 contributed to an increase in ethanol production. Using time series data from 1981 to 2012, the results of multiple regression models showed that ethanol production was a significant variable and had an inverse relation to net imports of crude oil. Our study also showed that the implementation of the 2005 Act and an increase in com production contributed …

Essays On Rethinking African Development: Contextual And Methodological Advances, Olumayokun Soremekun

2013

This research study sets out to provide analytical answers to the questions of African development and inequality. We examine various aspects of development from the issue of inequality among African countries to unravelling the synergies among the MDG goals and finally to investigating the progress if any that African countries have made towards attaining the MDG goals.

This research is broken down into three main studies: measuring inequality of opportunity, examining the synergies between the Millennium development goals at a particular point in time and lastly assessing the progress that has been made towards attaining the MDG goals in Africa. …

Combinatorial Auction-Based Virtual Machine Provisioning And Allocation In Clouds, Sharrukh Zaman

Wayne State University Dissertations

Current cloud providers use fixed-price based mechanisms to allocate Virtual Machine (VM) instances to their users. But economic theory states that when there are large amount of resources to be allocated to large number of users, auctions are the most efficient allocation mechanisms. Auctions achieve efficiency of allocation and also maximize the providers' revenue, which a fixed-price based mechanism is unable to do. We argue that combinatorial auctions are best suited for the problem of VM provisioning and allocation in clouds, since they provide the users with the most flexible way to express their requirements. In combinatorial auctions, users bid …

Essays On The Effects Of Oil Price Shocks On The U.S. Stock Returns, Zeina Nashaat Alsalman

Wayne State University Dissertations

This research investigates the effect of changes in oil prices and oil price volatility on the U.S. stock returns. The first essay tests whether the sign and the size of oil price shocks matter for the U.S. stock returns. The results suggest a linear model provides a good approximation to the response of real stock returns to real oil price innovations. However, this is not the case when the model is specified in terms of the nominal price of crude oil.Using a modified structural VAR to accommodate GARCH-in-Mean errors, the second essay studies the direct effects of oil price uncertainty …

State Level Earned Income Tax Credit’S Effects On Race And Age: An Effective Poverty Reduction Policy, Anthony J. Barone

CMC Senior Theses

In this paper, I analyze the effectiveness of state level Earned Income Tax Credit programs on improving of poverty levels. I conducted this analysis for the years 1991 through 2011 using a panel data model with fixed effects. The main independent variables of interest were the state and federal EITC rates, minimum wage, gross state product, population, and unemployment all by state. I determined increases to the state EITC rates provided only a slight decrease to both the overall white below-poverty population and the corresponding white childhood population under 18, while both the overall and the under-18 black population for …

Bayesian Estimation Of Panel Data Fractional Response Models With Endogeneity: An Application To Standardized Test Rates, Lawrence Kessler

USF Tampa Graduate Theses and Dissertations

In this paper I propose Bayesian estimation of a nonlinear panel data model with a fractional dependent variable (bounded between 0 and 1). Specifically, I estimate a panel data fractional probit model which takes into account the bounded nature of the fractional response variable. I outline estimation under the assumption of strict exogeneity as well as when allowing for potential endogeneity. Furthermore, I illustrate how transitioning from the strictly exogenous case to the case of endogeneity only requires slight adjustments. For comparative purposes I also estimate linear specifications of these models and show how quantities of interest such as marginal …

Dynamic Processes In Network Goods: Modeling, Analysis And Applications, Arnut Paothong

USF Tampa Graduate Theses and Dissertations

The network externality function plays a very important role in the study of economic network industries. Moreover, the consumer group dynamic interactions coupled with network externality concept is going to play a dominant role in the network goods in the 21st century. The existing literature is stemmed on a choice of externality function with certain quantitative properties. The utility function coupled with the network externality function is used to investigate static properties of rational equilibrium. The aim of this work is to systematically initiate a development of quantitative effects of the concept of network externality and its influence on the …