Economics Commons^™

Information Loss In Volatility Measurement With Flat Price Trading, Peter C. B. Phillips, Jun Yu

Research Collection School Of Economics

A model of financial asset price determination is proposed that incorporates flat trading features into an efficient price process. The model involves the superposition of a Brownian semimartingale process for the effcient price and a Bernoulli process that determines the extent of price trading. The approach is related to sticky price modeling and the Calvo pricing mechanism in macroeconomic dynamics. A limit theory for the conventional realized volatility (RV) measure of integrated volatility is developed. The results show that RV is still consistent but has an inflated asymptotic variance that depends on the probability of flat trading. Estimated quarticity is …

The Impact Of The "Whistle-To-Whistle" Ban On The Frequency And Placement Of Gambling Advertising On Uk Television, Ellen Mcgrane, Elizabeth Goyder, Rob Pryce, Matt Field

International Conference on Gambling & Risk Taking

Abstract

Introduction:

There are currently no legally enforced restrictions on the broadcast time of gambling advertising on UK television. In August 2019, the Industry Group for Responsible Gambling (IGRG) introduced a voluntary policy which limited advertising around live sports, creating a “safe” window of 5 minutes either side of a match, known as the “Whistle-to-Whistle” period. This policy intended to protect young and vulnerable people from the widespread exposure to gambling adverts on television during pre-watershed (9pm) live sports games.

Methods:

This study will employ panel data statistical models to explore the change in pre-watershed gambling advertising around live sports, …

The Effect Of Television Advertising On Gambling Behaviour: A Quasi-Experimental Study During The 2022 Qatar Fifa World Cup, Ellen Mcgrane, Rob Pryce, Matt Field, Elizabeth Goyder, Luke Wilson

International Conference on Gambling & Risk Taking

Abstract

Introduction:

The pervasiveness of gambling advertising and its relationship with football have been identified as areas of concern in the UK. Following the liberalisation of advertising laws in the 2005 Gambling Act, there has been increasing recognition of its public health impact. To date, there is a lack of evidence of the impact of advertising on behaviour in “real-world” settings.

Methods:

This study employs a natural experiment measuring the impact of television gambling advertising on the frequency of impulsive football bets placed during the World Cup. Longitudinal betting data collected from a sample of men (aged 18-45) will be …

Can Sports Gambling Become The Fount Of Revenue Consistency?, Richard A. Mcgowan

International Conference on Gambling & Risk Taking

Critics of legalization of gambling maintain that gambling revenue is at best stagnate or will eventually fall as a source of revenue. The stagnation of Lottery proceeds and casino revenue as sources of revenue seemed validate this criticism. But a new source of gambling revenue has recently been championed, namely sports gambling. So, the question this paper will attempt to answer is: Can sports gambling produce consistent and growing revenue that are needed to sustain public policy initiatives?

The legalization of sports gambling in NJ occurred on June 11th, 2018 and the first bet was placed on June 14th. New …

The Application Of Transactional Fairness To The Gambling Sector, Seamus Mcgowan, Adam Rivers

International Conference on Gambling & Risk Taking

The idea of ‘fairness’ in consumer protection has been discussed for a long time. However, more recently there has been a renewed focus on the use of unfair pricing practices and terms in consumer markets and regulators and lawmakers are responding. Practices which can be considered unfair often emerge as companies develop new and innovative ways to engage with consumers including offering different prices and / or terms to different sets of customers.

Being ‘fair and open’ is an important principle for gambling regulation. In that context, this paper focusses on fairness in gambling markets and seeks to develop a …

Know When To Hold’Em Unpacking The Determinants Of Table Player Win / Loss And The Elasticity Of Table House Advantage, Clayton Peister

International Conference on Gambling & Risk Taking

Know when to hold’em

Unpacking the determinants of table player win / loss and the elasticity of table house advantage

Overview

There is significant disagreement about the role of house advantage (HA) in player value. For instance, the operations team often seek to introduce games with high HA, under the assumption that marginal improvements in HA translates into higher house win. By contrast, many casino marketing professionals argue that higher HA only reduces playtime and that a player’s budget is generally fixed. Leveraging over 300m individual player decisions from a major online Asian operator, we explore the role of HA …

Gender Inequality And Economic Decline: A Comparative Analysis Of Gender Roles And Its Impact On Economic Development In Egypt And Iran, Kayla E. Joyner

Senior Theses

This thesis will demonstrate that increasing female labor force participation in Iran and Egypt will facilitate overall economic growth, reduce poverty rates, and increase family investment in education and health. There are three critical factors that I will examine that are significantly deterring female participation in the labor force in these two countries specifically: sociocultural values, legal barriers, and economic policies. By refusing to mobilize the increasing potential female labor force, Iran and Egypt are hindering the nation’s social and economic development.

Economicdevelopment In The Postcolonial And Postwar Era In East Asia: A Comparison Of Taiwan And South Korea, Eliot R. Johnston

Senior Theses

This thesis examines the postwar political economy of South Korea and Taiwan, aiming to find how Taiwan achieved higher GDP per capita and lower corruption perception than South Korea when both countries carried out similar policies as they developed their economies. By comparing a historical overview of policy and outcome and taking economic measures, the thesis seeks to find a method that could be applied to other developing countries. Though the measurements used were insufficient to prove analysis, enough was found to give plausible suggestions for the difference in the outcome, such as the South Korean reliance on mega conglomerates …

The Influences Of The Public Health Care System And Education System On The Economic Growth Of Swaziland, Grace Greer

International and Global Studies Undergraduate Honors Theses

The Kingdom of Eswatini, also known as Swaziland, has one of the youngest populations in the world with over 70% of citizens being under the age of 18 years old. This creates a substantial opportunity for economic, social, and educational growth in a country previously plagued with diseases such as HIV/AIDS, poor health care infrastructure cutting off thousands from basic care, and an educational system with a very low attendance rate and an even lower graduation rate. By evaluating the root causes of such issues dating back to the colonial era there is an opportunity to reprioritize health care and …

Blessed Are The Peacemakers: The Future Burden Of Intrastate Conflict On Poverty, Jonathan D. Moyer

Frederick S. Pardee Center for International Futures: Faculty Scholarship

Intrastate conflict generally undermines human development but its effect on global poverty across different income thresholds remains poorly understood. This paper analyzes how many people will live in poverty due to intrastate civil conflict in 2030, 2050, and 2070 using the International Futures model and shared socioeconomic pathways, forecasting 12 scenarios for 179 countries. A baseline conflict scenario leads to an additional 148.2 million (range: 50.7 to 186.0 million) people living in extreme poverty (<$1.90 per day) due to conflict by 2030 compared with a scenario where conflict is eliminated starting in 2022. These conflict-attributable poor represent 20.1% of the population in extreme poverty at that time, with the majority living in South Asia followed by Africa. By 2050 the population living in conflict-attributable poverty increases to 164.9 million (range: 4.4 to 376.5 million), representing 32.7% of the total extremely poor population at that time with the majority living in Africa. While future conflict will be responsible for hundreds of millions of people living in poverty, its elimination is not a panacea for achieving development targets: even in a scenario with no intrastate conflict from 2022 to 2030 the population living in extreme poverty is projected to be 6.9%, well above the target threshold of 3% for achieving the first Sustainable Development Goal.

County Finance, House Prices, And Financial Decision-Making, Kyle Kopplin

Dissertations, Theses, and Student Research from the College of Business

This work is in three chapters. The first chapter investigates the extent to which county-level property tax changes are capitalized into house prices. The literature mainly focuses on specific tax events, but this chapter generalizes the context to large U.S. cities. The main findings suggest that county-level property tax capitalization occurs and varies along the distribution of house prices. The second chapter measures differences in county-aggregated self-assessed valuations of house prices and county- aggregated sale prices to determine whether there are trends in the level of misperceived house value. Factors like age, time of tenure in a house, and house …

Livestock Risk Protection: An Analysis Of Coverage Length And Level To Determine Optimal Contract Selection, Logan B. Haviland

All Graduate Theses and Dissertations

We evaluate the historically optimal producer-selected coverage options comprised of coverage length and level for each marketing month for various types of livestock insured with Livestock Risk Protection insurance. We begin with feeder cattle steers (600-900lbs) and then analyze the other types of feeder cattle, followed by fed cattle and swine. The optimal contracts are identified as those that have historically provided the highest probability of a positive net return and the highest average net return. We find that regardless of marketing month, the optimal contracts consist of relatively high coverage levels whereas the optimal length of the contracts varies …

Gibberellic And Naphthalene Acetic Acid Effects On ‘Rupert’ Potato Variety, Logan Atkinson

All Graduate Plan B and other Reports

Potato processing facilities often rely on early maturing potato varieties to maintain adequate supplies before harvest of more traditional varieties. The Rupert variety is an example of such an early-maturing variety. However, the Rupert variety has traditionally been characterized by low average stem counts and large tuber sizes. Abnormally large tubers can add difficulties and costs to the processor. Gibberellic acid (GA) and Naphthalene acetic acid (NAA) are plant growth regulators that promote growth and have the potential to affect average stem count and in turn, decreases average tuber size. Across two trials and locations (Gooding and Jerome, ID) GA …

Multivariate Econometric Regression Of Factors That Determine Form Of Disposition Of Human Remains Using Archival Death Certificates, Salt Lake County, Utah, Delphine T. Feigenbaum

All Graduate Plan B and other Reports

This project considers the inescapable and burgeoning issues concerning the long-term allocation of scarce natural resources between the living and the deceased. America’s population growth will demand more space and maintenance resources used for disposition. To meet the forthcoming exigencies, economic planners need to address natural resource availability for future generations while incorporating sustainable and innovative technologies to prohibit environmental injustice.

The goals are to answer the following questions: How do demographical variables, age and sex influence the choice of disposition? How do cause of death variables influence the choice of disposition? I also evaluate the hypothesis that the average …

Health-Seeking Behavior Of Rural Ethnic Women In Bangladesh: A Critical Analysis Through Intersectional Lens, Faraha Nawaz, Atia Nowshin Bushra

Arab Economic and Business Journal

The paper aims to investigate the health seeking behavior of rural ethnic women in Bangladesh through the lens of intersectionality. The paper sheds light on the healthcare seeking behavior of rural ethnic women by exploring the barriers of their healthcare accessibility, role of community organizations and traditional healers in shaping health seeking behavior, analyzing the impact of education, health literacy and healthcare awareness, and evaluating the role of family and community level power imbalance over the health seeking behavior of rural ethnic women. The study is based on both primary and secondary data. The findings of the paper highlight that …

The Prevalence Of Herding In Indian Auto Sector: Implications For Market Efficiency, Arundhathi P S, Aslam P S, Libison K B

Arab Economic and Business Journal

The worldwide catastrophes due to the spread of Wuhan virus, India had witnessed an explosive change in the economic activity, mainly in the investment pattern. This made the investors to do panic trading by following what others were doing in the market. We offer an empirical analysis to examine the presence of herding in Indian Automobile Sector during pre-pandemic and pandemic period (COVID-19). To detect the presence of herding, we applied Cross Sectional Absolute Deviation (CSAD) and One-way ANOVA was employed to examine whether there is any significant difference in the auto index during Pre pandemic and pandemic period. The …

Grasping Opportunities Of Digital Technology And Digital Economy, Consistently Improving Urban Science Research, Guangtao Wang

Bulletin of Chinese Academy of Sciences (Chinese Version)

No abstract provided.

Bridging The Chasm Between Fundamental, Momentum, And Quantitative Investing, Allen Hoskins, Jeff Reed, Robert Slater

SMU Data Science Review

A chasm exists between the active public equity investment management industry's fundamental, momentum, and quantitative styles. In this study, the researchers explore ways to bridge this gap by leveraging domain knowledge, fundamental analysis, momentum, crowdsourcing, and data science methods. This research also seeks to test the developed tools and strategies during the volatile time period of 2020 and 2021.

It May Work In Practice, But Does It Work In Theory? Explaining The Trend Towards “Do-It-Yourself” Economics, Paul R. Koch

Scholar Week 2016 - present

In 1986, the late David Henderson, the former chief economist at the Organization for Economic Co-Operation and Development (OECD), published a book entitled Innocence and Design: The Influence of Economic Ideas on Policy, which were based on his Reith Lectures from the previous year. In this book, he outlined the elements of a concept which he defined as “do-it-yourself economics,” which emphasized a case-by-case approach to economic policy, as opposed to one that was associated with a comprehensive vision or theory. Some of the following statements constitute examples of “DIY economics” at work:

• Industries or activities can be classified as …

How Many Independent Contractors Are There And Who Works In These Jobs?, Katharine G. Abraham, Brad J. Hershbein, Susan N. Houseman, Beth C. Truesdale

Employment Research Newsletter

No abstract provided.