Behavioral Economics Commons^™

Valuing Intellectual Property: An Experiment, Christopher Buccafusco, Christopher Sprigman

Faculty Scholarship

In this article we report on the results of an experiment we performed to determine whether transactions in intellectual property (IP) are subject to the valuation anomalies commonly referred to as “endowment effects”. Traditional conceptions of the value of IP rely on assumptions about human rationality derived from classical economics. The law assumes that when people make decisions about buying, selling, and licensing IP they do so with fixed, context-independent preferences. Over the past several decades, this rational actor model of classical economics has come under attack by behavioral data showing that people do not always make strictly rational decisions. …

Illusions Of Market Paradise: State, Business, And Economic Reform In Post-Socialist Russia And Post-1980s Crisis Argentina, Jeffrey K. Hass, Gastón J. Beltrán

Sociology and Anthropology Faculty Publications

The 1980s and early 1990s were characterized by sweeping, radical neoliberal, monetarist-inspired economic reforms designed to correct financial or structural crises. Latin American countries initiated the wave, followed by Eastern Europe and the former USSR, although the timing, scope, and policies varied. Often one reads accounts of friends and foes of reform lined up to do battle in domestic and international alliances. However, reform processes and outcomes do not always follow the formula of reformers versus conservatives; there is more to the balance of power than these all-too-common accounts would suggest. Industrial managers in the Soviet Union and post-Soviet Russia …

Do Ugly Criminals Receive Harsher Sentences? An Analysis Of Lookism In The Criminal Justice System, Kelly Beck

Business and Economics Honors Papers

For many years, researchers have attempted to find a link between beauty and labor market outcomes. Although many important findings have been noted in these studies, the beauty analysis utilized was a subjective measurement. This subjective method, while important, may have external factors creating bias in the rating itself. In this study, the impact of beauty is applied to criminals and their sentences. Using a computer based symmetry measurement tool, an objective beauty measurement will be utilized. This study will seek to uncover whether or not criminals who are less attractive, measured through facial symmetry, receive harsher prison sentences than …

China And Brazil: Potential Allies Or Just Brics In The Wall?, Anthony Petros Spanakos

Department of Political Science and Law Faculty Scholarship and Creative Works

Brazil is an increasingly important actor in global governance and for China specifically. Sino-Brazilian relations have deepened considerably but they remain concentrated in areas of trade and investment. There is also considerable overlap in interests between the two countries in other areas, such as diplomatic and political relations. At the same time, China must manage carefully important differences that exist over the enlargement of the UN and the potential challenge to the Brazilian industry.

Behavioral Economics, Evolutionary Economics, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Behavioral economics and evolutionary economics: subject folder cover sheet. Anwar Shaikh, PhD. Unpublished archival folder cover sheet.
• Untitled working notes on individual firm cost behavior and capital-labor ratios, dated February 23, 2001. Anwar Shaikh, PhD. Unpublished handwritten manuscript.
• Note on micro to macro: macro structure from micro diversity, dated November 23, 2002. Anwar Shaikh, PhD. Unpublished handwritten manuscript.
• Zotero report: bibliography on behavioral and evolutionary economics. Compiler not identified. Unpublished bibliographic compilation.
• Zotero report: supplemental bibliography entry and quotations on Advances in Behavioral Economics, dated October 14, 2009. Compiler not identified. Unpublished bibliographic compilation.
• Sniekers, F. 2010. …

Evolutionary Game Theory, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Alexander, J. M. (2010, July 23). Evolutionary game theory [Printout with handwritten notes]. In E. N. Zalta (Ed.), The Stanford Encyclopedia of Philosophy. Stanford University.

• Shaikh, A., & Elsner, W. (2009, December 15–2010, September 1). Email correspondence on evolutionary game theory, hyperrationality, and microfoundations [Email correspondence].

• Going contemporary, Italian style: La primavera romana è donna. (n.d.). [Article printout].

• Shaikh, A. (2009, September 9). Printed database records with notes and quotations on behavioral and evolutionary economics [Unpublished annotated database records by Anwar Shaikh, PhD], including: Pesendorfer, W. (2006). Behavioral economics comes of …

The Price Of Equality: Suboptimal Resource Allocations Across Social Categories, Stephen M. Garcia, Max H. Bazerman, Shirli Kopelman, Avishalom Tor, Dale T. Miller

Journal Articles

This paper explores the influence of social categories on the perceived trade-off between a relatively bad but equal distribution of resources between two parties and a profit-maximizing yet unequal one. Studies 1 and 2 showed that people prefer to maximize profits when interacting within their social category, but chose not to maximize individual and joint profits when interacting across social categories. Study 3 demonstrated that outside observers, who were not members of the focal social categories, also were less likely to maximize profits when resources were distributed across social category lines. Study 4 showed that the transaction utility of maximizing …

Some Professionals Play Minimax: A Reexamination Of The Minimax Theory In Major League Baseball, Jeffrey Park

CMC Senior Theses

This paper explores the behavior of Major League Baseball pitchers. We analyze the pitching data from 2007-2010 in order to determine whether their actions follow minimax play. We also examine what the OPS statistic tells us about a pitcher's value.

Obedience, Schooling, And Political Participation, Davin Chor, Filipe R. Campante

Research Collection School Of Economics

This paper proposes a framework for understanding the joint evolution of cultural norms and human capital investment, and how these affect patterns of political participation. We first present some empirical evidence that cultural attitudes towards obedience systematically influence an individual's propensity to engage in different political activities: obedience discourages more confrontational modes of political activity (such as public demonstrations), while raising participation in non-confrontational civic acts (such as voting). These cultural attitudes further appear to be determined in part by cultural transmission across generations. Motivated by this evidence, we develop a dynamic model in which human capital and obedience are …

Contingent Valuation Studies And Health Policy, Matthew D. Adler

Faculty Scholarship

No abstract provided.

Tournament Incentives, League Policy, And Nba Team Performance Revisited, Joseph Price, Brian P. Soebbing, David Berri, Brad R. Humphreys

Faculty Publications

Taylor and Trogdon found evidence of shirking under some, but not all, draft lottery systems used in three different National Basketball Association (NBA) seasons. The authors use data from all NBA games played from 1977 to 2007 and a fixed effects model to control for unobservable team and season heterogeneity to extend this research. The authors find that NBA teams were more likely to intentionally lose games at the end of the regular season during the seasons where the incentives to finish last were the largest.

Financial Management Practices: Associations With Financial Well-Being And Risky Investment Among Families In Malaysia., Husniyah Abd. Rahim

Student Works (2010-2019)

Financial management practices predicting good financial well-being and participation in risky assets among families were identified in this study. It also seeks to find out other factors predicting financial well-being and participation in risky assets. Associations of time horizon with risk preference, and risk preference with financial management practices, differences in financial management practices among the main ethnicities in Malaysia and among families residing in urban and rural areas were also determined. The moderating roles of self-worth between financial management practices and financial well-being of families, and between financial management practices and risky investment by families were explored. Quota sampling …