Behavioral Economics Commons^™

Domains For Well Behaved Monotonic Social Choice Functions, Salles Paulo Daniel Ramos

Research Collection School Of Economics

We present here a set of necessary and sufficient conditions for an MD-Connected Domain to support a Well Behaved Monotonic Social Choice Function. We require the domain to have a minimal number of preferences in which a pair of alternatives flips their relation, and these reversals must occurr in accordance to a tree graph. While this condition cannot be sum-marized by a set of restrictions on individual preferences, we provide two alternative characterizations that can, one that is necessary and another that is sufficient.

Short-Term Impact Of Covid-19 On Consumption Spending And Its Underlying Mechanisms: Evidence From Singapore, Seonghoon Kim, Kanghyock Koh, Xuan Zhang

Research Collection School Of Economics

We examine the short-term impact of COVID-19 on consumption spending and labor market outcomes. Using monthly panel data of individuals mainly aged 50–70 in Singapore, we find that COVID-19 reduced consumption spending and labor market outcomes immediately after its outbreak, and its negative impact quickly evolved. At its peak, the pandemic reduced total household consumption spending by 22.8% and labor income by 5.9% in April. Probability of full-time work also went down by 1.2 pp and 6.0 pp in April and May, respectively, but employment and self-employment were only mildly affected. Our heterogeneity analysis indicates that the reduction in consumption …

Heterogeneous Health Effects Of Medical Marijuana Legalization: Evidence From Young Adults In The United States, Junxing Chay, Seonghoon Kim

Research Collection School Of Economics

Legalizing marijuana for medical purposes is a longstanding debate. However, evidence of marijuana's health effects is limited, especially for young adults. We estimate the health impacts of medical marijuana laws (MML) in the U.S. among young adults aged 18–29 years using the difference-in-differences method and data from the Behavioral Risk Factors Surveillance System. We find that having MMLs with strict regulations generate health gains, but not in states with lax regulations. Our heterogeneity analysis results indicate that individuals with lower education attainments, with lower household income and without access to health insurance coverage gain more health benefits from MML with …

Covid-19, Vaccines, And Decision Theory, Michael A. Lewis

Journal of Humanistic Mathematics

In this piece, I delve into some thoughts I've had about decision theory. These have been inspired by the vaccine rollout phase of the COVID-19 Pandemic. I focus on decision making under uncertainty, as it relates to the decision to get vaccinated or not.

Decision Making In International Supply Chain Investment, Noah Quint Curtin

Undergraduate Theses, Capstones, and Recitals

In this paper, supply chain decision-makers where and how to internationally invest into supply chains. I focus on outside institutional factors, and intra-firm behavioral factors that affect where and how they invest. I first review the literature on international investment at large. Later for my part of the research, I conduct a series of semi-structured interviews with international supply chain decision-maker primarily in Denver to better understand their processes. I find that they value business models higher than “hunches”, but also that tacit knowledge and relationships play an important role in their processes.

Survey Of The Labor Market For New Ph.D. Hires In Economics 2022-23, Mervin Jebaraj, David Sorto, Raja Kali

Labor Market Survey

This year, the survey questionnaire was sent to 369 organizations. Questionnaires were returned by 144 organizations (39.0 percent). Of this year’s responses, 86 (59.7 percent) were from those who responded to the last survey conducted for the 2021-22 academic year. Among the academic institutions responding, the distribution of highest degrees offered was as follows: Ph.D.—56.3 percent; Master’s—8.3 percent and Bachelor’s—34.7 percent.

The responses are reported for all respondents, and separately for Ph.D. Degree granting institutions and for schools whose highest degree offered is the Bachelor’s or Master’s Degree. Data for the top 30 institutions in the revised National Research Council’s …

Information Cascades In The Classroom: The Relationship Between In-Class Feedback And Course Performance, Amanda C. Cook, James Bland, Andrew Meisner

The Journal of Economics and Politics

Technology is used in undergraduate courses to engage students and provide feedback about understanding. TopHat is an application which displays multiple choice questions mid-class. In this field experiment, we determine if displaying or hiding the distribution of peer responses has an impact on exam scores. When students see peer responses, we observe information cascades on both correct and incorrect answers. Getting an individual TopHat question correct predicts a 1.3 percentage point increase on final exam scores, however we find no difference in predictive power between treatments. Participating in one negative cascade predicts that a student will score approximately five percentage …

What Drives Subjective Well-Being In Singapore’S Youth?, Kong Weng Ho, Smu Office Of Research

Research@SMU Infographics

Subjective well-being, which is the scientific term for happiness and life satisfaction, can impact productivity and health. It is driven by three determining factors – the quality of relationships (relationship stocks), life aspirations and perceived opportunities. Research conducted by SMU Associate Professor Ho Kong Weng examined how these factors affect the subjective well-being of Singapore’s youth.

Invited Perspective - Nutritional Needs And Implications For Children In Subsistence Marketplaces, Nagendra Rangavajla

Subsistence Marketplaces

Today, while the number of stunted children is decreasing in all geographies, the progress is not consistent. Moreover, there is an increasing prevalence of overweight and obesity among children and adolescent. Globally, about half of all children under five do not receive essential nutrients, often unnoticed until too late. On the other end of the spectrum, the incidence of overweight and obesity in 5-19 year old has increased from 4% in 1975 to 18% in 2016 ¹. These trends reflect a ‘triple burden of malnutrition’, a burden that impacts the survival, growth, and development of children, and in turn, …

Socioeconomic Factors And Mass Shootings, 1982-2016, Taylor Petkovich

Electronic Theses and Dissertations

This paper is an examination and investigation of the relationship between socioeconomic factors and mass shootings. The objective of this paper was to see if economic policy making could be an effective tool for reducing the level of mass gun violence that America has been experiencing. This paper highlights the known relationship between violent crime and economics and tries to bridge that connection to mass shootings specifically through literature review and econometric testing. The ultimate takeaway from this paper’s results and analysis is the need for a universal definition and governing body for data on mass shootings in order to …

No Need For Certainty In Animal Sentience, Yew Kwang Ng

Animal Sentience

This commentary supports Crump et al.’s (2022) point that where risks to welfare are severe, strong evidence of sentience is sufficient to warrant protecting welfare. Crump et al.’s eight criteria for sentience are also useful. Flexible decision-making (5) and flexible behaviour (6) are consistent with Ng (1995). The concession that the “no-need-for-sentience” proposition is unnecessary also strengthens the importance of the target article’s conclusions.

Why Do Rich People Not Retire?, Xiya Li

Scripps Senior Theses

Work and leisure are central to the human condition. Scholars from many fields have tried to understand why Americans work so much. Many people believe that when they have enough money, they will retire. However, many people are not willing to retire even if they have enough money to do so. Most people who do not have enough money to retire do not even get any amount of leisure from their jobs. If the view that enough money directly leads to retirement is wrong, then it is time to reconsider using this logic to think of the possibility of retiring. …

Windfall Payment Savings: An Examination Of Act 13 Disbursements In Pennsylvania, Corey Young

West Chester University Doctoral Projects

State and local governments occasionally receive positive exogenous payments or windfalls that have a significant impact on their budgets. However, few works examine how budget-makers allocate such payments or if they are consumed in a manner consistent with other revenue streams. Prior research suggests that multiple factors, including the size of a windfall payment, impact how much of the funds are saved and spent. Using data from the Act 13 Unconventional Natural Gas Impact Fee in Pennsylvania, this study examines the relationship between windfall payment size and savings rates between 2011 and 2019. The results of the study indicate that …

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 …

Does Recreational Marijuana Dispensing Induce Substitution For Alcohol?, Aubrey E. Mange

Economics Masters Project Research Papers

I exploit geographic and temporal variation in recreational marijuana dispensing to estimate its effect on alcohol related prices and mortalities. I interpret the finding of a casual reduction in alcoholic poisonings as evidence for a substitutive relationship, contributing to a growing marijuana policy literature and the divided economic literature exploring substitution between the two goods.

A Pilot Randomized Trial To Assess Motivating Operations In Delay Discounting Of Food, Breeanna Michelle Slusher

Graduate Theses/Dissertations

This pilot study addresses the impact motivating operations have on delay discounting of food in the presence of real food. Six participants were recruited and randomly assigned to three food stimuli groups (donut, vegetable, and control) and assigned to either a deprivation or non-deprivation condition within the group. Participants were asked to complete a set of questionnaires and a delay discounting task. Demographics and anthropometric measurements were obtained from each participant. The pilot study showed support for previous delay discounting research that as the delay to more nutrient dense meals increases the subjective value of the delayed reward decreases. Thus, …

Covid-19 Vaccine Disparities And Attitudes, Deonne Cartwright, Meryem Saygili

Pursue: Undergraduate Research Journal

The past couple of years have caused so much uncertainty and grief amidst the global pandemic. The goal of this study is to explore the attitudes behind COVID-19 vaccination to address the cause for vaccine disparities and help minimize health disparities in the United States. The study considers two multivariable regressions in SPSS of the social factors on vaccination status and vaccine confidence. This model studies the relationship between one’s ethnicity, race, education level, education specialization, household income, political ideology, and media source on vaccine confidence and vaccination status on an East Texas college campus. A campus-wide survey was conducted …

Graduating Greener: Analysis Of A Non-Price Intervention To Encourage Pro-Environmental Behavior Among College Students, Jillie Santos

Honors Theses

According to the Yale Program on Climate Communication, a majority of Americans report worrying about climate change, yet the proportion of Americans who discuss climate change often with friends and family is around half of the worried percentage. This discrepancy illustrates a habit of climate avoidance and climate inaction. Drawing upon psychology and human-centered design, I assisted Dr. Michael A. Smyer in developing Graduating Greener, a workshop aimed at disrupting climate avoidance and promoting pro-environmental behavior through a sequence of social, environmentally-based activities. In this thesis, I investigate concepts from the field of behavioral economics which inform and align with …

The Lure Of Musical Comfort: An Analysis Of How Consumer Preferences In Popular Music Change Depending On The State Of The U.S. Economy Using Billboard Hot 100, Spotify Api, & Economic Data, Lindsey A. Larson

CMC Senior Theses

This paper examines data from Spotify’s Web API for all songs that have been on the Billboard Hot 100 chart from the first chart’s release in August 1958 to May 2021 to determine the relationship between music misery and economic misery. Twelve dependent variables– duration, danceability, energy, key, acousticness, speechiness, mode, loudness, instrumentalness, liveness, valence, and tempo– are used to measure the impact of Arthur Okun’s U.S. economic misery index on each characteristic. Using 12 individual linear regressions– one for each dependent variable– I find that during times of increased economic hardship, consumers are likely to choose to listen to …

The Influence Of Political Party Affiliation And Park Accessibility On Covid-19 Case Incidence, Sascha Wolf-Sorokin

CMC Senior Theses

This paper examines the joint effect of political party affiliation and the urban landscape, as measured by access to parks, on case rates during the COVID-19 pandemic in the United States. The 2016 and 2020 U.S. Presidential Election returns are used as a proxy for a county’s political party affiliation prior to and during the COVID-19 pandemic. A county population’s spatial relationship to its parks encapsulates the green open space within an urban environment. The data set controls for features of the built environment, socioeconomic and demographic characteristics (race, gender, income, education), COVID-19 government regulations, and presidential election returns. Using …