The Effects of Education on Economic Growth: An Empirical Study

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Description
In this paper, I attempt to measure the impact of education levels on a country’s productivity, measured by its Gross Domestic Product. I find that educational attainment is significantly correlated with economic growth. Previous research on this topic has shown

In this paper, I attempt to measure the impact of education levels on a country’s productivity, measured by its Gross Domestic Product. I find that educational attainment is significantly correlated with economic growth. Previous research on this topic has shown similar results and concluded the importance of education on improving the GDP levels in a country.
Date Created
2019-05
Agent

An Analysis of Charter and Public High Schools in the State of California

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Description
This paper aims to get a snapshot of charter school and public school performance in the state of California, specifically looking at high schools. Based off of data gathered on specific variables of interest and carefully constructed regression models, we

This paper aims to get a snapshot of charter school and public school performance in the state of California, specifically looking at high schools. Based off of data gathered on specific variables of interest and carefully constructed regression models, we are testing whether charter schools perform differently from public schools. This paper attempts to analyze results from standard OLS regression models and random effects GLS models, both with and without
interaction effects between charter schools and ethnicity and geographic area. While discussing results, this paper will also acknowledge limitations while drawing the line between correlation and causality. Our variable of interest throughout the paper is charter school, controlling for other factors that might impact API scores such as geographic area, demographics, and school
characteristics.
Date Created
2019-05
Agent

Nudged Towards Rationality: Probability Distortion with and without Expected Value

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Description
This paper analyzes responses to a survey using a modified fourfold pattern of preference to determine if implicit information, once made explicit, is practically significant in nudging irrational decision makers towards more rational decisions. Respondents chose between two scenarios and

This paper analyzes responses to a survey using a modified fourfold pattern of preference to determine if implicit information, once made explicit, is practically significant in nudging irrational decision makers towards more rational decisions. Respondents chose between two scenarios and an option for indifference for each of the four questions from the fourfold pattern with expected value being implicit information. Then respondents were asked familiarity with expected value and given the same four questions again but with the expected value for each scenario then explicitly given. Respondents were asked to give feedback if their answers had changed and if the addition of the explicit information was the reason for that change. Results found the addition of the explicit information in the form of expected value to be practically significant with ~90% of respondents who changed their answers giving that for the reason. In the implicit section of the survey, three out of four of the questions had a response majority of lower expected value answers given compared to the alternative. In the explicit section of the survey, all four questions achieved a response majority of higher expected value answers given compared to the alternative. In moving from the implicit to the explicit section, for each question, the scenario with lower expected value experienced a decrease in percentage of responses, and the scenario with higher expected value and indifference between the scenarios both experienced an increase in percentage of responses.
Date Created
2019-05
Agent

Probabilistic Voting: An Addition to theDowns Two Party Voting Model

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Description
This paper proposes that voter decision making is determined by more than just the policy positions adopted by the candidates in the election as proposed by Antony Downs (1957). Using a vector valued voting model proposed by William Foster (2014),

This paper proposes that voter decision making is determined by more than just the policy positions adopted by the candidates in the election as proposed by Antony Downs (1957). Using a vector valued voting model proposed by William Foster (2014), voter behavior can be described by a mathematical model. Voters assign scores to candidates based on both policy and non-policy considerations, then voters then decide which candidate they support based on which has a higher candidate score. The traditional assumption that most of the population will vote is replaced by a function describing the probability of voting based on candidate scores assigned by individual voters. If the voter's likelihood of voting is not certain, but rather modelled by a sigmoid curve, it has radical implications on party decisions and actions taken during an election cycle. The model also includes a significant interaction term between the candidate scores and the differential between the scores which enhances the Downsian model. The thesis is proposed in a similar manner to Downs' original presentation, including several allegorical and hypothetical examples of the model in action. The results of the model reveal that single issue voters can have a significant impact on election outcomes, and that the weight of non-policy considerations is high enough that political parties would spend large sums of money on campaigning. Future research will include creating an experiment to verify the interaction terms, as well as adjusting the model for individual costs so that more empirical analysis may be completed.
Date Created
2019-05
Agent

English Premier League Under the Salary Cap

Description
Our thesis brought forth the question, how would the implementation of a salary cap into the English Premier League influence the entertainment level of the league as well as the financial aspects of the league. The English Premier League currently

Our thesis brought forth the question, how would the implementation of a salary cap into the English Premier League influence the entertainment level of the league as well as the financial aspects of the league. The English Premier League currently has no salary cap which allows teams with billionaire owners to heavily spend on star players and training facilities. This makes it extremely difficult for small market teams to be able to compete for silverware when put up against these high spending clubs. There is also a huge financial issue with a lot of clubs in the EPL because many of them are heavily in debt and rely constantly on loans from financial groups to support their high cash outflow. We hypothesized that this implementation of the cap would help teams become more financially stable as well as creating more parity in the league. To test these assumptions we issued a survey which asked various questions regarding what people preferred when watching a sporting league. We then ran a simulation on the video game FIFA 19 with our own created salary cap which we developed to see if the implementation of the cap would create more parity in the league. To test the validity of the simulation on the video game, we ran simulations on last years FIFA 18 and compared it with the actual standings of the league season from that year. According to our simulation, the EPL would be a much more competitive league with more exciting games and more chance for the smaller market teams to compete for the lucrative positions in the league table. We also compared the financial successes of the NBA versus the EPL to see if the cap has been beneficiary to the NBA since its’ adoption in the early 80’s. We concluded that the implementation of the salary cap would make the league more exciting as well as having the ability to make the clubs more financially stable.
Date Created
2019-05
Agent

Descriptive Analysis of Relationship between GDP Sector Composition and Level of Economic Development

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Description
The goal of this thesis is to conduct a descriptive analysis of the gross domestic product (GDP) sector composition of countries around the world and their respective levels of economic development with consideration of their geographic locations, economic growth over

The goal of this thesis is to conduct a descriptive analysis of the gross domestic product (GDP) sector composition of countries around the world and their respective levels of economic development with consideration of their geographic locations, economic growth over time, and their economic sizes. This analysis will be centered around exploring the differences of the GDP composition of countries at different levels of development, testing the consensus that developed countries tend to be focused on the services sector in comparison to less developed ones, who trend towards focus on the agricultural one. These findings will be primarily attained through use of data interpretation and regression analysis utilizing the statistical software packages of Stata and Excel. Results and analysis are to be supported by powerful data visualizations created in Tableau and the careful examination of said visualizations.
Due to the sheer amount of macro-economic factors and the case specific incidences involved in the determination of a country’s level of economic development, this thesis will focus entirely on the descriptive analysis of the relationship between a country’s GDP sector composition within the agricultural, industrial, and services sectors and their level of economic development measured in GDP per capita. This study will explore the relationship between GDP per capita and geographic regions, growth over time, and economic size as well. These relationships will be used to determine if said factors need to be controlled for when analyzing the relationship between a country’s sector composition and its level of development. A better understanding of what countries look like at all levels of development helps build a complete picture of a what makes a country successful and could be used in future studies that seek to predict economic success based on more and/or separate variables.
Date Created
2019-05
Agent

The Capabilities and Obstacles of Integrating Machine Learning into a Supply Chain

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Description
Only an Executive Summary of the project is included.
The goal of this project is to develop a deeper understanding of how machine learning pertains to the business world and how business professionals can capitalize on its capabilities. It explores

Only an Executive Summary of the project is included.
The goal of this project is to develop a deeper understanding of how machine learning pertains to the business world and how business professionals can capitalize on its capabilities. It explores the end-to-end process of integrating a machine and the tradeoffs and obstacles to consider. This topic is extremely pertinent today as the advent of big data increases and the use of machine learning and artificial intelligence is expanding across industries and functional roles. The approach I took was to expand on a project I championed as a Microsoft intern where I facilitated the integration of a forecasting machine learning model firsthand into the business. I supplement my findings from the experience with research on machine learning as a disruptive technology. This paper will not delve into the technical aspects of coding a machine model, but rather provide a holistic overview of developing the model from a business perspective. My findings show that, while the advantages of machine learning are large and widespread, a lack of visibility and transparency into the algorithms behind machine learning, the necessity for large amounts of data, and the overall complexity of creating accurate models are all tradeoffs to consider when deciding whether or not machine learning is suitable for a certain objective. The results of this paper are important in order to increase the understanding of any business professional on the capabilities and obstacles of integrating machine learning into their business operations.
Date Created
2019-05
Agent

EFFECT OF A CASHLESS ECONOMY ON THE ROBBERY RATE

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Description
A global trend towards cashlessness following the increase in technological advances in financial transactions lends way to a discussion of its various impacts on society. As part of this discussion, it is important to consider how this trend influences crime

A global trend towards cashlessness following the increase in technological advances in financial transactions lends way to a discussion of its various impacts on society. As part of this discussion, it is important to consider how this trend influences crime rates. The purpose of this project is to specifically investigate the relationship between a cashless society and the robbery rate. Using data collected from the World Bank’s Global Financial Inclusions Index and the United Nations Office of Drugs and Crime, we implemented a multilinear regression to observe this relationship across countries (n = 29). We aimed to do this by regressing the robbery rate on cashlessness and controlling for other related variables, such as gross domestic product and corruption. We found that as a country becomes more cashless, the robbery rate decreases (β = -677.8379, p = 0.071), thus providing an incentive for countries to join this global trend. We also conducted tests for heteroscedasticity and multicollinearity. Overall, our results indicate that a reduction in the amount of cash circulating within a country negatively impacts robbery rates.
Date Created
2019-05
Agent

The Economic Impact of the Opioid Crisis in the United States

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Description
This study examines the economic impact of the opioid crisis in the United States. Primarily testing the years 2007-2018, I gathered data from the Census Bureau, Centers for Disease Control, and Kaiser Family Foundation in order to examine the relative

This study examines the economic impact of the opioid crisis in the United States. Primarily testing the years 2007-2018, I gathered data from the Census Bureau, Centers for Disease Control, and Kaiser Family Foundation in order to examine the relative impact of a one dollar increase in GDP per Capita on the death rates caused by opioids. By implementing a fixed-effects panel data design, I regressed deaths on GDP per Capita while holding the following constant: population, U.S. retail opioid prescriptions per 100 people, annual average unemployment rate, percent of the population that is Caucasian, and percent of the population that is male. I found that GDP per Capita and opioid related deaths are negatively correlated, meaning that with every additional person dying from opioids, GDP per capita decreases. The finding of this research is important because opioid overdose is harmful to society, as U.S. life expectancy is consistently dropping as opioid death rates rise. Increasing awareness on this topic can help prevent misuse and the overall reduction in opioid related deaths.
Date Created
2019-05
Agent

Basic Attention Token & Brave: Digital Marketing on the Blockchain

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Description
This thesis will look into the cryptocurrency Basic Attention Token (BAT) and the browser they partnered with, Brave, to innovate the way that digital marketing dollars are spent. They believe that their browser and cryptocurrency will be able to remove

This thesis will look into the cryptocurrency Basic Attention Token (BAT) and the browser they partnered with, Brave, to innovate the way that digital marketing dollars are spent. They believe that their browser and cryptocurrency will be able to remove inefficiencies the digital marketing world is full of, and also giving some power to users with their data. The vision of this team is to create a marketing agreement with users that makes it so the marketing space they offer is a verified real individual without compromising this person's user data to large firms and keeps all information stored locally. We will cover the international landscape, BAT and Brave from a branding perspective, and get into some research into interest in adoption.
Date Created
2018-05
Agent