Other Economics Commons^™

Strategically Revealing Intentions In General Lotto Games, Keith Paarporn, Rahul Chandan, Dan Kovenock, Mahnoosh Alizadeh, Jason R. Marden

ESI Working Papers

Strategic decision-making in uncertain and adversarial environments is crucial for the security of modern systems and infrastructures. A salient feature of many optimal decision-making policies is a level of unpredictability, or randomness, which helps to keep an adversary uncertain about the system’s behavior. This paper seeks to explore decision-making policies on the other end of the spectrum – namely, whether there are benefits in revealing one’s strategic intentions to an opponent before engaging in competition.We study these scenarios in a well-studied model of competitive resource allocation problem known as General Lotto games. In the classic formulation, two competing players simultaneously …

The Art Of Concession In General Lotto Games, Rahul Chandan, Keith Paarporn, Dan Kovenock, Mahnoosh Alizadeh, Jason R. Marden

ESI Working Papers

Success in adversarial environments often requires investment into additional resources in order to improve one’s competitive position. But, can intentionally decreasing one’s own competitiveness ever provide strategic benefits in such settings? In this paper, we focus on characterizing the role of “concessions” as a component of strategic decision making. Specifically, we investigate whether a player can gain an advantage by either conceding budgetary resources or conceding valuable prizes to an opponent. While one might na¨ıvely assume that the player cannot, our work demonstrates that – perhaps surprisingly – concessions do offer strategic benefits when made correctly. In the context of …

Evaluating College Students' Attitudes And Understanding Of Recycling, Taylor Shipley

Honors Program Theses

Individuals have different habits, beliefs, and knowledge regarding recycling. These can be due to a variety of reasons such as peers, upbringing, accessibility of recycling, or prior knowledge of what can be recycled. A school setting, in particular, can be influential to a student’s motivation to recycle; schools can provide an environment for students to learn about the importance of recycling and other various sustainability initiatives. Like most campuses, students’ recycling behaviors on the University of Northern Iowa’s (UNI) campus are likely to be affected to some degree by the reasons listed above as well as other life experiences.

Recycling …

Homeownership By Race: Factors That Explain The Homeownership Gap Between Blacks And Whites, Sarah Madsen

Honors Program Theses

A key source of wealth and a symbol of hard work, homeownership is at the heart of the American Dream. The disparity of homeownership between whites and blacks has existed for decades and has only increased. The homeownership rate gap is wider now than before the 1968 Fair Housing Act, with about a 30-percentage point gap. This paper investigates the reasons for the homeownership rate gap by discussing policies history, discriminatory practices, and other minority disadvantages.

Economics Of Covid-19 Reading List, Sara Gundersen

Economics Faculty Publications

Reading list for The Economics of COVID-19, taught in Fall 2020

Economics Of Covid-19 Reading List, Sara Gundersen

Economics Faculty Publications

Reading list for The Economics of COVID-19, taught in Fall 2020

Economics Of Covid-19 Project 1 Macroeconomics, Sara Gundersen

Economics Faculty Publications

This is the first project from The Economics of COVID-19, taught in fall 2020. It focuses on macroeconomics.

Economics Of Covid-19 Project 1 Macroeconomics, Sara Gundersen

Economics Faculty Publications

This is the first project from The Economics of COVID-19, taught in fall 2020. It focuses on macroeconomics.

Economics Of Covid-19 Project 2 Policy, Sara Gundersen

Economics Faculty Publications

This contains the second project for The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 Project 2 Policy, Sara Gundersen

Economics Faculty Publications

This contains the second project for The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 Project 3 Interview And Industry Analysis, Sara Gundersen

Economics Faculty Publications

This contains the third project for The Economics of COVID-19, which was taught in fall 2020. The project involves an interview and industry analysis.

Economics Of Covid-19 Project 3 Interview And Industry Analysis, Sara Gundersen

Economics Faculty Publications

This contains the third project for The Economics of COVID-19, which was taught in fall 2020. The project involves an interview and industry analysis.

Economics Of Covid-19 In Class Work 1 Macroeconomic Data, Sara Gundersen

Economics Faculty Publications

This contains the first in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 2 Recession Dating, Sara Gundersen

Economics Faculty Publications

This contains the second in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 2 Recession Dating, Sara Gundersen

Economics Faculty Publications

This contains the second in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 2 Recession Dating, Sara Gundersen

Economics Faculty Publications

This contains the second in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 4 Cares Act Preview, Sara Gundersen

Economics Faculty Publications

This contains the fourth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 4 Cares Act Preview, Sara Gundersen

Economics Faculty Publications

This contains the fourth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 4 Cares Act Preview, Sara Gundersen

Economics Faculty Publications

This contains the fourth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 5 Other Country, Sara Gundersen

Economics Faculty Publications

This contains the fifth in class handout from The Economics of COVID-19, which was taught in fall 2020.

The Conservatism Principle And Asymmetric Preferences Over Reporting Errors, Jivas Chakravarthy, Timothy W. Shields

ESI Working Papers

At present, accounting conservatism is generally viewed from a measurement or reporting perspective. In contrast, we consider whether it relates to a moral rule of conduct. Conservatism has been described as deriving from a preference for reporting errors to be in the direction of understatement rather than overstatement. We experimentally pair Reporters who provide information with Users who rely on the information. We posit that under misaligned incentives that motivate aggressive reporting, Users view an aggressive report as reflecting Reporters’ exploitative intent and expect that a social norm prohibiting aggressive reporting applies. We predict that Users use noisy reporting errors …

Economics Of Covid-19 In Class Work 6 Fiscal Policy, Sara Gundersen

Economics Faculty Publications

This contains the sixth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 6 Fiscal Policy, Sara Gundersen

Economics Faculty Publications

This contains the sixth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 7 Covid-19 And Gender, Sara Gundersen

Economics Faculty Publications

This contains the seventh in class handout from The Economics of COVID-19, which was taught in fall 2020.

Organic Production Of Livestock And Livestock Products In Nebraska, Elliott James Dennis

Extension Farm and Ranch Management News

First paragraph:

USDA “Certified Organic” is a form of production that has received considerable public attention in the last 10 years, particularly among small, beginning and/or minority farmers. Spiking retail prices for red meat and poultry have seemingly accelerated consumer’s interest in organic locally produced products. Consumers demonstrate their desire for these products by paying premiums when purchasing meat products. Producers receive premiums by either directly marketing live animals to consumers that are custom harvested or marketing animals to meat wholesalers. The primary difference is the way premiums are captured. Producers doing custom harvesting capture the full premium whereas producers …

Economics Of Covid-19 In Class Work 8 Covid-19 And Race Part 1, Sara Gundersen

Economics Faculty Publications

This contains the eighth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 8 Covid-19 And Race Part 1, Sara Gundersen

Economics Faculty Publications

This contains the eighth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 9 Covid-19 And Race Part 2, Sara Gundersen

Economics Faculty Publications

This contains the ninth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 9 Covid-19 And Race Part 2, Sara Gundersen

Economics Faculty Publications

This contains the ninth in class handout from The Economics of COVID-19, which was taught in fall 2020.

A Capital Asset Pricing Model With Idiosyncratic Risk And The Sources Of The Beta Anomaly, Mark Schneider, Manuel A. Nunez

ESI Working Papers

We introduce a generalization of the classical capital asset pricing model in which market uncertainty, market sentiment, and forms of idiosyncratic volatility and idiosyncratic skewness are priced in equilibrium. We derive two versions of the model, one based on a representative agent who cares about three criteria (risk, robustness, and expected returns), and the other with a microfoundation based on three types of investors (speculators, hedgers, and arbitrageurs). We apply the resulting capital asset pricing model with idiosyncratic risk (IR-CAPM) to provide a new theoretical account of the beta anomaly, one of the most fundamental and widely studied empirical limitations …