The Sub-proportionality of Subjective Probability Weighting in Poker
by William Clark Abstract This study uses Texas Hold’em poker to investigate decision making under uncertainty and the concept of probability weighting, where individuals may overvalue or undervalue uncertain outcomes. I conduct an experiment to assess Cumulative Prospect Theory’s relevance to subjective probabilities in poker by simplifying the game to compare complex and simple gamble […]
Airline Non-Price Competition Between FSC and LCC Carriers: Varying Airline Optimization Strategies
by Lucas Johnson Abstract The goal of this paper is to extend the discourse surrounding certain topics in terms of airline optimization which is defined in this paper as the ability of an airline to efficiently transport goods and passengers as well as accrue revenue from its airplanes relative to its total capacity to transport […]
The Cost of Delay: Evidence from the Ethereum Transaction Fee Market
by Yinhong “William” Zhao Abstract Delaying a financial transaction can be costly, but the cost of delay is difficult to estimate in traditional finance. I exploit the unique data offering and market design of the Ethereum blockchain to estimate the cost of delaying financial transactions in decentralized finance (DeFi). I construct a dynamic auction model […]
Price Determinants and Depreciation of Used Cars Post-COVID-19
by Ayaan Sundeep Patel Abstract Throughout the COVID-19 pandemic, the price of used cars has fluctuated greatly due to numerous factors. Inflation and supply chain issues have been at the forefront of the news and have affected not only cars but most consumer goods. While the majority of society has seemingly progressed past COVID-19, its […]
Reconstruction following Destruction: Entrepreneurship in the Aftermath of a Natural Disaster
by Richard Lombardo Abstract Entrepreneurship is thought to be the engine of growth in many developing countries. There is, however, a paucity of evidence on the role that entrepreneurship plays in rebuilding economic livelihoods both in the short and longer-term in the aftermath of a large-scale shock. This is an important gap in the literature […]
Bias in Fact Checking?: An Analysis of Partisan Trends Using PolitiFact Data
by Thomas A. Colicchio Abstract Fact checking is one of many tools that journalists use to combat the spread of fake news in American politics. Like much of the mainstream media, fact checkers have been criticized as having a left-wing bias. The efficacy of fact checking as a tool for promoting honesty in public discourse […]
Heterogeneity in Mortgage Refinancing
By Julia Wu Abstract Many households who would benefit from and are eligible to refinance their mortgages fail to do so. A recent literature has demonstrated a significant degree of heterogeneity in the propensity to refinance across various dimensions, yet much heterogeneity is left unexplained. In this paper, I use a clustering regression to characterize […]
Withdrawal: The Difficulty of Transitioning to a Cashless Economy
by Praneeth Kandula Abstract In 2021, modern payment methods such as mobile pay have increased nearly fivefold since their introduction in 2015. This shift to an increasingly cashless, digital economy has been marked by inequitable financial and technological divides. Historically, Black and Latino adults have had less access to financial systems and are less likely […]
Corporate Governance in State-Owned and Privately-Owned Enterprises
by Despoina Chouliara Abstract In this paper I examine the principal/agency relationship in corporate governance and introduce it in a steady state growth model. More specifically, I will model a profit-maximizing privately-owned enterprise and a series of state-owned enterprises with varying economic goals. I will use the insights of agency theory to revisit the debate […]
Economic Situations and Social Distance: Taxation and Donation
by Alexander Brandt Abstract: This experimental study evaluated the effects of two common economic situations – taxation and donation – on the social distance between participants in the situations, an original effect of interest that is the opposite of prior research. This study employed a novel survey framework, in which subjects gave money to others […]
