Behavioral Economics Commons^™

Analyzing Real-Time Behavioral Shifts In Response To Tourism Policy Using Google Trends Data And Advanced Difference-In-Differences (Did) Methods, Aaron Bradley Scott

Doctor of Business Administration Dissertations

Google Trends is a publicly available aggregate search data portal that allows researchers to capture and review search interests. This dissertation analyzes real-time behavioral shifts resulting from tourism policy changes in Venice, Italy using Google Trends data. This work contributes to the current literature in DiD modeling, by using information-seeking behavior that is ahead of observable, lagged, outcomes. Through the integration of recent DiD advancements, this work further extends DiD applications in tourism econometrics, and a case-example of real-world tourism policy assessment. This dissertation highlights changes in search behavior immediately following policy implementation. Additionally, this work highlights Google Trends as …

Impact Of Parental Involvement On Children’S Mental Health, Syeda Tasnime Kabir

Electronic Theses and Dissertations

This study estimates the causal effect of parental involvement on the mental health of primary school children in Bangladesh. Using an instrumental variables strategy that leverages local parental involvement norms, I find that increased parental involvement significantly reduces cognitive and emotional difficulties. Notably, I find that the protective effect of parental involvement varies by socio-economic context, showing weaker effects for children of mothers who married at an older age and those whose fathers live outside the household, but stronger effects in joint families. Furthermore, I identify two key mechanisms underlying these effects: accommodating parenting style and improved household hygiene practices. …

Studi Komparasi Kesiapan Indonesia Menerapkan Carbon Trade 2025, Muhammad Rayhan Ali Ferdiansyah, Hanif Rosyadah, Fikri Fajar Ramadhan

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to assess Indonesia’s readiness to implement carbon trading in 2025 to achieve net zero emissions by 2060. The research uses a mixed-method approach, combining literature review, multivariate linear regression, and Vector Error Correction Model (VECM). The results indicate that the Human Development Index (HDI) has a negative and significant impact on CO2 emissions in the long term. This impact is greater than the results observed in Singapore and Thailand. With established policies and a demographic bonus in 2045, optimizing human resources is crucial for achieving net zero emissions by 2060.

Beginner's Luck: The Impact Of Early Wins On Long-Term Gambling Patterns, Jasmine Tan

CMC Senior Theses

The legalization of online sports gambling has rapidly expanded access to gambling platforms, raising concerns about its potential impacts on gambling behavior and addiction. This study investigates whether early wins in online sports gambling predict sustained gambling engagement. Using longitudinal data from 46,339 subscribers to online gambling site bwin Entertainment, we analyzed the gambling activity of new sports bettors over 18 months. Gamblers were categorized based on early outcomes (losses, break-even, small wins, and big wins), and engagement was measured by total bets placed, total gambling days, total stakes after the first three days, and frequency of play. Interaction terms …

From Pixels To Proposals: Exploring The Effects Of Empathy And Immersion On Economic And Moral Decision - Making In Video Games, Alex Dien

CMC Senior Theses

This study explores the role of immersive environments, specifically video games, in shaping empathy and decision-making during economic exchanges like the Ultimatum Game. Traditional economic models emphasize rationality, but more recent research highlights the influence of emotions and empathy on decision-making. Using a 2x2 between-subjects design, this proposed study will investigate how varying levels of immersion (active gameplay versus passive observation) and fairness of offers (fair versus unfair) affect participants' responses to non-human characters (NPCs). I plan to recruit eighty participants, aged 18-25, to engage with a video game, Red Dead Redemption 2 (Rockstar Games, 2018) either through playing or …

High ‘Steaks’: Does Lone Star Tick-Induced Red Meat Allergy Reduce Cardiovascular Disease-Related Hospitalizations?, Raj Parekh

CMC Senior Theses

In this thesis, I investigate the relationships between Lone Star Tick-induced Alpha-Gal Syndrome (AGS), red meat consumption, and cardiovascular health outcomes within New York State's 62 counties from 2012 to 2021. The analysis examines whether AGS, which forces individuals to reduce red meat consumption, serves as a natural experiment in understanding dietary impacts on cardiovascular disease (CVD). Leveraging panel data, I utilize Fixed Effects (FE) and Two-Stage Least Squares (2SLS) regression frameworks to disentangle the relationships between red meat expenditure, meat prices, Lone Star Tick prevalence, and health outcomes such as CVD, stroke, coronary heart disease, and heart attack hospitalization …

Just As Advertised: The Perception And Effectiveness Of Artificial Intelligence In Digital Advertising, Brandon Isem Cáceres

CMC Senior Theses

What do you think when you hear “AI in advertising”? Does it spark intrigue, or does it feel like just another tech buzzword? In today’s fast-paced digital marketing landscape, connecting with consumers is a high-stakes challenge, and artificial intelligence is at the forefront of innovation. From automating campaigns to creating hyper-targeted content, AI promises efficiency and precision—but how do audiences perceive this shift? By analyzing key performance indicators (KPIs) like impressions, click-through rates, and cost-per-click in an an original A/B test, this thesis evaluates the perception and effectiveness of AI-driven advertising strategies. Combining historical insights, case studies, and an original …

You Lose, You Lag: Evidence From 2020 And 2024 On U.S. Partisan Bias, Presidential Election Defeat, And Perceived Future Real Income, Brandon O. Felix

CMC Senior Theses

Recent presidential elections, in particular the two most recent ones, have revealed striking partisan divides, not only in political attitudes but also in household economic expectations. This study investigates how partisan electoral loss shapes perceived changes in real income across income groups, using data from the University of Michigan Survey of Consumers surrounding the 2020 and 2024 U.S. presidential elections. I employ ordered logistic regression models for the baseline models and generalized ordered logistic regression models for those models with pertinent demographic controls in order to analyze the probability of respondents expecting real income losses, stability, or gains, respectively. Generating …

Clutch Or Comfortable? How Franchise Tags Influence Qb Performance In The Nfl, Justin Edwards

CMC Senior Theses

Abstract

The National Football League (NFL) has a type of contract known as the Franchise Tag. The Franchise Tag is a one-year contractual extension often used when a player and a team cannot come to terms regarding the details of a contract extension. Usually, the player expects to be paid more than the organization can afford that year due to restrictions imposed by the salary cap. Because of this, Franchise-Tagged players tend to have a greater incentive to perform well in hopes of being signed into a long-term contract. My findings show that the incentive of future earnings and job …

Behavioral Finance: The Influence Cognitive Dissonance Has On Investors, Noah A. Adams

A with Honors Projects

The aim of this literature review is to understand the relation between the Cognitive Dissonance Theory and investor decision-making. Under the Investor Rationality Theory, investors are perceived to act in their best interest financially after gathering all available information on their investment. Behavioral Finance on the other hand is the study of psychological biases and emotions and how they influence investors, causing them to act rather irrationally and consequentially creating an irrational market.

Sports Facilities, Trails, And Travel Cost: A Non-Market Valuation Case Study Of Parks In Montana, Clemens Walter Wilson

Graduate Student Theses, Dissertations, & Professional Papers

This study applies the travel cost valuation method to urban parks in the State of Montana in an effort to determine whether parks with attributes related to exercise have greater value for recreationalists. By observing real recreation behaviour of urban park visitors through the use of cellphone mobility data, recreational demand for varying parks can be ascertained. To model recreational demand, the random utility model (RUM) and multinomial logit model (MNL) are leveraged to understand choice probabilities of parks, based on the attributes of parks, including sports facilities and trails. This study finds that there are positive and significant relationships …

Is Knowledge Really Power And Ignorance Bliss? A Study Of Financial And Pension Ignorance, Agata Olechnowicz-Szewczyk, Elżbieta Babula

Journal of Banking and Financial Economics

In this study, we examine the impact of financial and pension ignorance (information avoidance) on the decisionmaking process for long-term savings. We define the concept of pension ignorance, as active avoidance of retirement information, failure to make decisions regarding retirement savings, and a lack of strategic retirement planning. To assess financial ignorance, we utilized the scale developed by Barrafrem et al. (2024), while pension ignorance was evaluated using the scale designed by the authors. The study was conducted with a sample of 1,200 Polish residents aged 18 to 65, using the Computer-Assisted Web Interviewing (CAWI) method. The findings reveal that …

Correlate Of Savings Attitude And Generational Poverty As Mediated By Financial Literacy: Evidence From Ghana, Adu Bismark Owusu-Sekyere, Williams Kwasi Peprah [email protected]

Faculty Publications

This study examines the mediating role of financial literacy between savings attitudes and generational poverty in Ghana. Generational poverty is a significant issue in Ghana, with a multidimensional poverty rate of 45.6% and a consumer expenditure poverty rate of 23.4%. The problem persists due to low financial literacy and poor savings attitudes, which hinder economic growth and development. The research employed a quantitative methodology, utilizing a series of regression analyses to test the mediation effects of financial literacy. A correlational design was adopted to assess the relationships between the variables. The study’s population included 400 individuals from the five regions …