First Price Auctions, Lotteries, And Risk Preferences Across Institutions,
2011
Sacred Heart University
First Price Auctions, Lotteries, And Risk Preferences Across Institutions, Russell P. Engel
WCBT Faculty Publications
There is an unsettled debate in experimental economics literature regarding the consistency of individuals' risk preferences in varying institutions. Much of this debate stems from observations of subjects' bids in sealed-bid auctions and the implications of those bids. In this paper, I have subjects participate in a sealed-bid auction experiment and then examine if the ostensible risk parameter that one can back out from subjects' bids matches up with their elicited risk preference from a separate task in the experiment. I find that subjects do exhibit consistent risk preferences. The aggregate measure of the subjects' risk parameter is stable across …
Arrow-Fisher-Hanemann-Henry And Dixit-Pindyck Option Values Under Strategic Interactions,
2011
Singapore Management University
Arrow-Fisher-Hanemann-Henry And Dixit-Pindyck Option Values Under Strategic Interactions, Tomoki Fujii, Ryuichiro Ishikawa
Research Collection School Of Economics
We extend the Arrow-Fisher-Hanemann-Henry (AFHH) and Dixit-Pindyck (DP) option values to game situations. By reinterpreting the AFHH option value as a change in the surplus from conservation because of the prospect of future information, we deal with the conceptual difficulty associated with the AFHH option value in the presence of strategic interactions. We then introduce the DP option value into a game situation. We show that the equivalence between the expected value of information and the DP option value in the standard model does not hold under strategic interactions.
The Application Of Personality Assessment To Suggest Appropriate Employment In Various Fields Within Economic Development,
2011
University of Southern Mississippi
The Application Of Personality Assessment To Suggest Appropriate Employment In Various Fields Within Economic Development, Brittani Elizabeth Plaisance
Master's Theses
Personality assessment has been established through previous literature as a viable tool in organizational contexts in different job fields (Hough & Dilchert, 2010; Rothstein & Goffin, 2006). The field of economic development has seen little application of personality assessment to aspiring professionals within the discipline. This research hoped to establish distinct personality typologies within economic development by bifurcating the field into two sectors of (a) business recruitment, retention, and expansion and (b) entrepreneurship developers and community developers. Participants were asked to complete the Personal Preferences Self-Description Questionnaire (Thompson, 1996) after distinguishing within which of the two realms they were employed. …
Beyond ‘‘Green Buildings:’’ Exploring The Effects Of Jevons’ Paradox On The Sustainability Of Archival Practices,
2011
University at Albany
Beyond ‘‘Green Buildings:’’ Exploring The Effects Of Jevons’ Paradox On The Sustainability Of Archival Practices, Mark D. Wolfe
University Libraries Faculty Scholarship
The sustainability of archival institutions will be greatly affected by attempts to mitigate their carbon footprint to meet the challenges of global climate change. This paper explores how recordkeeping practices may enhance or undermine the sustainability of archives. To enhance sustainability, it is a common practice to increase the efficiency of recordkeeping practices. However, increases to efficiency may lead to a phenomenon known as Jevons’ Paradox. Jevons’ Paradox occurs when improvements in efficiency to a system or process result in an increase in use (instead of a decrease) of a resource. The failure of the paperless office demonstrates Jevons’ Paradox, …
An Analysis Of Consumer Behavior On Black Friday,
2011
Eastern Illinois University
An Analysis Of Consumer Behavior On Black Friday, Linda Simpson, Lisa Taylor, Kathleen O'Rourke, Katherine Shaw
Faculty Research & Creative Activity until 2018 (FCS)
The purpose of this study was to observe and analyze the consumer behaviors and commentary of the Black Friday customer. An observational instrument documented consumer in-line behavior while waiting for the stores to open, store entry behavior, and individual behavior. Findings show that the majority of the shoppers demonstrated calmness, courteousness, and happiness during the shopping experience; however, a number of shoppers exhibited negative and potentially dangerous behaviors which pose a safety concern for store personnel and other shoppers. Implications for retailers, researchers, and family and consumer sciences educators are discussed.
An Analysis Of Consumer Behavior On Black Friday,
2011
Eastern Illinois University
An Analysis Of Consumer Behavior On Black Friday, Linda Simpson, Lisa Taylor, Kathleen O'Rourke, Katherine Shaw
Faculty Research & Creative Activity
The purpose of this study was to observe and analyze the consumer behaviors and commentary of the Black Friday customer. An observational instrument documented consumer in-line behavior while waiting for the stores to open, store entry behavior, and individual behavior. Findings show that the majority of the shoppers demonstrated calmness, courteousness, and happiness during the shopping experience; however, a number of shoppers exhibited negative and potentially dangerous behaviors which pose a safety concern for store personnel and other shoppers. Implications for retailers, researchers, and family and consumer sciences educators are discussed.
What Do Indexes Of Consumer Confidence Tell Us?,
2011
W.E. Upjohn Institute for Employment Research
What Do Indexes Of Consumer Confidence Tell Us?, Marta Lachowska
Employment Research Newsletter
No abstract provided.
Crowding-Out Effect Of The Current Food Stamp Subsidy Scheme,
2011
Singapore Management University
Crowding-Out Effect Of The Current Food Stamp Subsidy Scheme, Yi Zhang
Research Collection School Of Economics
We construct a model to illustrate that the current food stamp subsidy scheme fails to achieve its stated aim due to the crowding-out effect. More specifically, if the household income is sufficiently low, only a corner solution exists, and a full subsidy is needed.
Is There A Link Between Money Illusion And Homeowners' Expectations Of Housing Prices?,
2011
Kennesaw State University
Is There A Link Between Money Illusion And Homeowners' Expectations Of Housing Prices?, Lucy F. Ackert, Bryan K. Church, Narayanan Jayaraman
Faculty Articles
Money illusion is a behavioral bias in which a person thinks in terms of nominal rather than real values. This article reports homeowners' responses to a survey designed to measure the extent of money illusion as well as homeowners' expectations regarding home valuations. Our survey respondents suffer from money illusion, yet they have reasonable expectations of home prices. Our analysis did not identify any unique individual characteristic that correlates with homeowners' choices and suggests that the relationship between money illusion and mispricing is subtle and multifaceted.
Preferences, Prisoners And Private Information: Was Socrates Rational At His Trial?,
2011
Singapore Management University
Preferences, Prisoners And Private Information: Was Socrates Rational At His Trial?, Brishti Guha
Research Collection School Of Economics
Using concepts from game theory, political economy, law and economics and the economics of asymmetric information, we describe the economics of one of the most famous trials in history—that of the Athenian philosopher Socrates. We discuss the question of whether Socrates’ actions during his trial were rational, using two different models. Our analysis sheds some light on institutional efficiency in trials that followed the classical Athenian pattern.
Keeping Marriage In The Black: Exploring The Effects Of Budgeting And Money Management On Marital Satisfaction,
2011
University of Texas Permian Basin
Keeping Marriage In The Black: Exploring The Effects Of Budgeting And Money Management On Marital Satisfaction, Kendra Sorey
Graduate Theses
Financial issues are often a major area of contention in any marriage. The Marital Satisfaction Inventory-Revised and a series of researcher-created questions were given to 109 married people to ascertain financial behaviors as they relate to marital satisfaction in the marriage. The current research shows that there was no significant difference found between marital satisfaction scores on MSI-R and financial behaviors; however, there was much information to be gained that shows that there may be some relationship between marital satisfaction and financial behaviors. The current research indicates that there may be some relationship between communication skills and good financial practices …
Finger Lickin’ Good: An Analytical Investigation Into The Urban Diet,
2011
Rollins College
Finger Lickin’ Good: An Analytical Investigation Into The Urban Diet, Jennifer T.R. Tomlinson
Master of Liberal Studies Theses
In this analysis, the origins, customs and implications of fast-food culture will be explored with important focus on the customs of fast-food urban eating. Research indicates that lower-income urban areas are more likely to consume fast-food. The high consumption of fast-food subsequently results in the development of social and economical implications, which include health implications, economic dilemmas, a disconnection between consumers and their consumption and issues of social classification. This analysis also explores the customs of fast-food culture of Pine Hills, Florida with added emphasis on Pine Hills’ cultural uniqueness.
Pirates And Traders: Some Economics Of Pirate-Infested Seas,
2011
Singapore Management University
Pirates And Traders: Some Economics Of Pirate-Infested Seas, Brishti Guha, Ashok S. Guha
Research Collection School Of Economics
Even where all agents are risk-neutral, merchants can insure themselves against piracy. Such self-insurance is surprisingly invulnerable to moral hazard. Further, there exist a patrolling intensity and/or penalties for captured pirates which, along with mercantile self-insurance, could eliminate piracy.
Preventing Pandemics: Contributing Factors To Susceptibility During The H1n1 Pandemic,
2011
Syracuse University
Preventing Pandemics: Contributing Factors To Susceptibility During The H1n1 Pandemic, Melanie A. Zilora
Renée Crown University Honors Thesis Projects - All
This paper uses Poisson and ordinary least squares (OLS) regression techniques on panel data from the United Nations World Health Organization’s FluNet to evaluate factors contributing to a country’s H1N1 influenza (swine flu) pandemic outcomes. Countries with higher development (as measured by gross domestic product and the United Nations Human Development Program’s development index) and higher mean annual temperature (as measured in the capital city) tended to have an earlier first reporting of cases. Though subject to reporting biases, the results also suggest that mass vaccinations have a negative effect on weekly reported cases. Countries that would vaccinate in the …
The Practical Pev: Removing Barriers To Plug-In Electric Vehicle Charging And Ownership,
2011
Pomona College
The Practical Pev: Removing Barriers To Plug-In Electric Vehicle Charging And Ownership, Stephen Parry
Pomona Senior Theses
The paradigm of personal transportation is changing. Electric vehicles are here. The arrival of the Tesla Roadster, Nissan Leaf, and Chevy Volt has changed the way in which we have to think about the energy that fuels our transportation needs. As PEVs find their way into garages this year and especially in the coming years, the neighborhood, city, state, and regional electric infrastructure will take on a new importance for many people as their interactions with it become significantly more complex and intimate as a result of regular electric vehicle charging.
Dynamic Decision Making And Race Games,
2011
University of Nevada, Las Vegas
Dynamic Decision Making And Race Games, Shipra De
Calvert Undergraduate Research Awards
Frequent criticism in dynamic decision making research pertains to the overly complex nature of the decision tasks used in experimentation. To address such concerns we study dynamic decision making with respect to the simple race game Hog, which has a computable optimal decision strategy. In the two-player game of Hog, individuals compete to be the first to reach a designated threshold of points. Players alternate rolling a desired quantity of dice. If the number one appears on any of the dice, the player receives no points for his turn; otherwise, the sum of the numbers appearing on the dice is …
The Effects Of Natural Disasters On Donations To Non-Profits,
2011
Bryant University
The Effects Of Natural Disasters On Donations To Non-Profits, Megan Mckenzie
Honors Projects in Finance
This study analyzes the relationship between natural disasters and donations to non-profit organizations in disaster-affected regions. Using regression analysis, this study seeks to determine the relationship based on various factors including the number of deaths, total number of people affected, the economic damage costs, and media coverage of a given disaster. The purpose of this study is to examine whether disaster-affected regions truly receive increased donations following a natural disaster, the sources of these donations (government grants versus private donations), the question of whether donations are diverted away from other non-profits in industries not related to relief efforts, the longevity …
Where Locals Play: Neighborhood Casino Landscapes In Las Vegas,
2011
University of Wisconsin, Platteville
Where Locals Play: Neighborhood Casino Landscapes In Las Vegas, Rex J. Rowley Ph.D.
Occasional Papers
Neighborhood casinos—gaming properties that target a primarily local market—are an influential feature on the Las Vegas cultural landscape. Such institutions reveal a number of geographical patterns that have important implications in gaming and place studies. The distinguishing characteristics of neighborhood casinos underscore the importance of proximity to a market, a focus that is evident in their advertising strategies. Additionally, the prominence of such casino-resorts within their respective neighborhoods makes them important symbols and indicators of the character of the surrounding community. These unique institutions teach lessons that can potentially be extrapolated to other gaming markets around the country.
Are Risk Preferences Stable Across Contexts? Evidence From Insurance Data,
2011
Cornell University
Are Risk Preferences Stable Across Contexts? Evidence From Insurance Data, Levon Barseghyan, Jeffrey Prince, Joshua C. Teitelbaum
Georgetown Law Faculty Publications and Other Works
Using a unique data set, the authors test whether households' deductible choices in auto and home insurance reflect stable risk preferences. Their test relies on a structural model that assumes households are objective expected utility maximizers and claims are generated by household-coverage specific Poisson processes. They find that the hypothesis of stable risk preferences is rejected by the data. Their analysis suggests that many households exhibit greater risk aversion in their home deductible choices than their auto deductible choices. They find that their results are robust to several alternative modeling assumptions.
Socio-Economic Condition Of Child Worker Of Bangladesh In Their Adulthood: An Econometric Analysis,
2011
Arkansas Tech University
Socio-Economic Condition Of Child Worker Of Bangladesh In Their Adulthood: An Econometric Analysis, Syed Imran Ali Meerza, Biswajit Bacher
Faculty Publications - Agriculture
This study mainly focuses on the current socio-economic condition of those people who were child labor in their childhood. In this study, economic indicators are income and employment status. On the other hand, level of education, health status and role in case of decision making in the society are studied as social indicators. According to this study, socio-economic condition of child workers in their adulthood is not very satisfactory. This research work have used Linear Probability Model (LPM) and Weighted Least Square (WLS) regression analysis to make comparison of current socio-economic status between people who were child labor in their …
