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.
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.
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.
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 …
Being Surveyed Can Change Later Behavior And Related Parameter Estimates,
2011
The Bill & Melinda Gates Foundation,
Being Surveyed Can Change Later Behavior And Related Parameter Estimates, Alix Peterson Zwane, Jonathan Zinman, Eric Van Dusen, William Pariente
Dartmouth Scholarship
Does completing a household survey change the later behavior of those surveyed? In three field studies of health and two of microlending, we randomly assigned subjects to be surveyed about health and/or household finances and then measured subsequent use of a related product with data that does not rely on subjects' self-reports. In the three health experiments, we find that being surveyed increases use of water treatment products and take-up of medical insurance. Frequent surveys on reported diarrhea also led to biased estimates of the impact of improved source water quality. In two microlending studies, we do not find an …
Do Major League Baseball Hitters Come Up Big In Their Contract Year?,
2011
Ursinus College
Do Major League Baseball Hitters Come Up Big In Their Contract Year?, Heather M. O'Neill, Matthew J. Hummel
Business and Economics Faculty Publications
In sports, especially baseball, there is a lot of talk about contract year performance. Beginning in spring training and continuing throughout the season, sports journalists and fans converse about how players in the last year of their contract will perform. Experts in the media, often ex-baseball players themselves, speculate contract year players will have break-out seasons in order to secure a better contract in upcoming contract negotiations. This leads to the question: do baseball players increase their effort and performance during their contract year to increase the value of their next contract?
Family Labor Participation And Child Care Decisions: The Role Of Grannies,
2011
University of Arkansas, Fayetteville
Family Labor Participation And Child Care Decisions: The Role Of Grannies, Gema Zamarro
Education Reform Faculty and Graduate Students Publications
One of the most significant long term trends in the labor market in most OECD countries has been the increase in the proportion of working mothers. However, not all countries show the same pattern. Countries in Southern Europe (Italy, Greece and Spain) show an average participation rate of about 45% whereas the participation rates in Northern countries (Denmark, Sweden) are around 75%. The characteristics of child care systems also differ significantly across OECD countries. This along with the characteristics of the labor market may have led families to get the necessary social services in an alternative way, i.e. through grandmothers. …
The Creativity Effect,
2011
Duke Law School
The Creativity Effect, Christopher Buccafusco, Christopher Jon Sprigman
Faculty Scholarship
This Article reports the first experiment to demonstrate the existence of a valuation anomaly associated with the creation of new works. To date, a wealth of social science research has shown that the least amount of money that owners of goods are willing to accept to part with their possessions is often far greater than the amount that purchasers would be willing to pay to obtain them. This phenomenon, known as the endowment effect, may create substantial inefficiencies in many markets. Our experiment demonstrates the existence of a related "creativity effect." We show that creators of works value their creations …
Cross-Cultural Risk Behavior In Financial Decisions And The Cushion Hypothesis,
2011
Claremont McKenna College
Cross-Cultural Risk Behavior In Financial Decisions And The Cushion Hypothesis, Jin Tan
CMC Senior Theses
92 students from a Southern California liberal arts college and two Beijing universities participated in an online questionnaire. Their cultural tendencies (i.e. level of collectivism and perception of family support) and responses to hypothetical investment scenarios were observed. Participants were asked to provide the amount they would invest in each scenario as well as a risk safety rating. The Chinese respondents reported higher cushion and collectivism scores than the Americans. Furthermore, the Chinese sample offered more money for the three riskiest scenarios; they also rated three scenarios safer than the Americans did. The cushion and collectivism scores were not found …
A New Experiment On Rational Behavior,
2011
Claremont McKenna College
A New Experiment On Rational Behavior, Myles R. Macdonald
CMC Senior Theses
Behavioral economics is widely recognized as a rising field in economics, one whose discoveries and implications are not yet completed or understood. At the same time, economic theory plays an enormous role in our governmental and legal system. In particular, the Coase Theorem and its implications have affected nearly every area in the field of law and economics. This paper proposes a experimental test of Coasean bargaining in situations using two competitive players whose payoffs depend on minimizing their costs of mitigating the externality. A rational player’s action can be predicted ahead of time, and the rationality of the game’s …
