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Articles 1 - 12 of 12
Full-Text Articles in Behavioral Economics
The Value Of A Vote: Vote Pivotality Information And Its Impact On Voter Willingness To Accept, Nicholas J. Sickinger
The Value Of A Vote: Vote Pivotality Information And Its Impact On Voter Willingness To Accept, Nicholas J. Sickinger
Honors Theses
A variety of factors influence the decision to participate in a democratic election or not. This paper explores one of these factors: an individual’s perceived pivotality. I explore how people assess the value of their vote when they are informed about the likelihood that their vote will be pivotal. To do so, I conduct an online voting experiment where subjects participate in three different stylized elections: a marginal election, a landslide election, and an uninformed election (where the voter distribution is unclear to participants). I elicit participants’ vote valuations and compare them across election conditions and demographic groups using both …
Comparing Generative Ai, Keyword Searchers, And Hiring Committees In Selecting Semi-Finalist Job Candidates In Academia, Sarah Snyder
Comparing Generative Ai, Keyword Searchers, And Hiring Committees In Selecting Semi-Finalist Job Candidates In Academia, Sarah Snyder
Honors Theses
Two studies were conducted to evaluate the effectiveness of AI tools and keyword searchers in candidate evaluation. The first study examined the use of ChatGPT-4 and a traditional hiring committee in selecting a semifinalist pool for an Assistant Professor of Economics position. It was found that ChatGPT-4's selections were non-replicable, producing different semifinalist lists with each run, indicating significant variability and lack of reliability compared to human committees. The second study focused on predicting self-reported conscientiousness from resumes using both keyword searchers and ChatGPT-4. The results showed that neither method could accurately predict conscientiousness. Similarly, ChatGPT-4's selections were non-replicable, producing …
The Effects Of Personality And Risk Preferences On Effort-Based Behavior: A Game Theoretic Approach, Hannah M. Davidsen
The Effects Of Personality And Risk Preferences On Effort-Based Behavior: A Game Theoretic Approach, Hannah M. Davidsen
Honors Theses
Our personality and preferences play a major role in the decisions we make in our everyday lives. Drawing from literature exploring how people innovate under different scenarios (Dubina, 2013), the present study expanded this topic to include any scenario where there is incentive to free-ride off of another’s effort. I designed a study in which participants (N=73) were asked to complete the Big 5 personality questionnaire, a cognitive reflection task, an altruism elicitation task, and a risk elicitation task, then were randomly paired with another participant to complete four different rounds of a public goods game. Each round of the …
The Residential Location Choices Of Chabad Households: An Analysis Of Decision Making With Non-Price Constraints, Chasity A. Mcfadden
The Residential Location Choices Of Chabad Households: An Analysis Of Decision Making With Non-Price Constraints, Chasity A. Mcfadden
Honors Theses
Where an individual chooses to live informs many of their economic decisions and may be the single largest economic decision one makes in their lives. Through understanding the way that people choose their residential locations, we are able to better understand the opportunities available to them. Within the Chabad community, there is a large focus on emissary work, which calls Chabad Jews to move outside of large Jewish communities in order to help secular Jews become more religious. There are also certain religious amenities that are necessary to live a Chabad life, such as a local synagogue. So the question …
Sacrifice, Benefit, And Reciprocity: Evidence From A Trust Game, Mirco Dinelli
Sacrifice, Benefit, And Reciprocity: Evidence From A Trust Game, Mirco Dinelli
Honors Theses
Social preferences have generated much interest in recent economic literature. While reciprocity has been closely examined by several economists using gift exchange and other games, much of their focus is on the effect of intentions and motivations. Instead, I focus on two strictly outcome-based factors in the context of a trust game: sacrifice made by the giver and benefit received by the recipient. I attempt to isolate these influences by varying the multiplier across variations of the trust game to create comparison groups that differ in one of these factors, but not both. Unable to control for all expected sources …
Why A Dorm Room Is Like A Climate Treaty, Mariam Khan
Why A Dorm Room Is Like A Climate Treaty, Mariam Khan
Colby Magazine
Nathan Chan shows how economic principles are at play in our everyday lives.
Who Wants The Right To Know? An Analysis Of Gmo-Labeling In California, Sylvia M. Xu
Who Wants The Right To Know? An Analysis Of Gmo-Labeling In California, Sylvia M. Xu
Journal of Environmental and Resource Economics at Colby
There are many studies that have been done to examine what types of voting behavior or patterns are present when voting for environmental ballot measures. This paper examines what characteristics of people are likely to cause them to support Proposition 37 in California, an initiative that, if passed, would require GMO-labeling on all genetically modified foods. Using voting data at a zip code level, I use OLS regression to identify specifically what type of political party, education, occupation, household status, and income levels are more likely to support the bill. I also run weighted regressions by population and number of …
The Effects Of The One-Child Policy On Household Financial Decisions, Sylvia M. Xu
The Effects Of The One-Child Policy On Household Financial Decisions, Sylvia M. Xu
Honors Theses
The Chinese One-Child Policy, enacted in 1979, was an attempt to decrease the population growth rate following a period of massive social and political confusion and uncertainty. While the policy was beneficial to curbing the population growth in China, it also introduced unintentional consequences, including sex imbalance, and other demographic differences. The goal of this paper is to examine the economic behavior and financial decisions of son-families and daughter-families across different provinces and regions of China, which have varying levels of sex imbalance, as a result of a cultural preference for sons. These financial decisions include the household saving rate, …
How Does The Stock Market Value The Renewable Energy Sector: A Public Announcement Analysis And Test Of The Efficient Market Hypothesis, Jack Crampton
How Does The Stock Market Value The Renewable Energy Sector: A Public Announcement Analysis And Test Of The Efficient Market Hypothesis, Jack Crampton
Journal of Environmental and Resource Economics at Colby
This study analyzes the market reaction to public announcements in the stock market. The efficient market hypothesis is put to test and similar studies are reexamined in the context of the renewable energy sector. Through fixed effects models, we can assess the validity to the efficient market hypothesis and assess how the market values the clean energy sector.
Investigating The Endogeneity Of Risk Attitudes: Experimental Evidence Involving Cooperation And Competition, Erik Solli
Investigating The Endogeneity Of Risk Attitudes: Experimental Evidence Involving Cooperation And Competition, Erik Solli
Honors Theses
Individual decision making is at the core of microeconomics. Rarely, however, are decisions made in environments without some element of uncertainty or even in isolation. While people may differ in their inherent willingness to take on risk, their preferences could change when new information is learned or a new relationship is fostered. I designed an experiment in which participants were asked to make investment decisions involving different levels of risk. The participants completed task between these gambles which allowed me to introduce competitive and collaborative relationships. I was interested in: (1) understanding the factors that are important to explaining risk …
Perceptions Of Climate Change, Cole T. Kleinberg
Perceptions Of Climate Change, Cole T. Kleinberg
Journal of Environmental and Resource Economics at Colby
With the help of students from Environmental & Natural Resource Economics course (EC 231), a survey was distributed to hundreds of respondents across the nation with the intention to study beliefs about climate change. More than 70 students from EC231 conducted 5-10 surveys while traveling for Spring Break. The questions included in the survey address each respondent’s knowledge of climate change as well as the various influences that may alter ones beliefs as to how they are affected by climate change. This paper investigates all variables and looks for potential patterns in the survey data in the hope of finding …
Bearing The Costs Of Human-Wildlife Conflict: The Challenges Of Compensation Schemes, Philip J. Nyhus, Steve A. Osofsky, Paul Ferraro, H Fischer, Francine Madden
Bearing The Costs Of Human-Wildlife Conflict: The Challenges Of Compensation Schemes, Philip J. Nyhus, Steve A. Osofsky, Paul Ferraro, H Fischer, Francine Madden
Faculty Scholarship
No abstract provided.