Barrett, The Honors College Thesis/Creative Project Collection

This study estimates the effect of district wealth on Arizona Empowerment Scholarship Account program participation using data from the Arizona Department of Education. We find that students from poor districts are not more likely to participate as school performance decreases.Conversely, those from wealthy districts do increase participation as school performance decreases. We briefly try to explain the observed heterogeneity through survey results and commenting on the program design.

Water heaters that are manufactured for swimming pools come in several forms, most of which require an electrical input for a source of power. Passive-circulation systems, however, require no electrical power input because fluid circulation occurs as a result of thermal gradients. In solar-based systems, thermal gradients are developed by energy collected from sunlight. The combination of solar collection and passive circulation yields a system in which fluids, particularly water, are heated and circulated without need of assistance from external mechanical or electrical sources. The design of such a system was adapted from that of forced-circulation solar collector systems, as were the equations describing its thermodynamic properties. The design was developed based on such constraints as material corrosion resistance, overall system cost, and location-controlled size limitations. The thermodynamic description of the designed system was adjusted on the basis of the designed system’s physical aspects, such as the configuration and material of each component within the solar collector. Numerical analysis performed with the altered thermodynamic equations projected a total energy gain of 7.39 W between 9:00 and 10:00 A.M. and a total energy gain of 13.12 W between 4:00 and 5:00 P.M. The temperature of heated water exiting the collector system was projected to be 17.62°C in the morning and 25.56°C in the afternoon. The morning projection utilized an initial fluid temperature of 12°C and an ambient air temperature of 13°C, while the afternoon projection utilized an initial fluid temperature of 17°C and an ambient air temperature of 22°C. Field testing of the designed passive thermosyphon solar collector system was performed over a period of about one month with one temperature measurement taken at the collector outlet in the morning and another taken in the afternoon. For an ambient air temperature of 13°C, the linear regression developed from the morning dataset yielded an outlet water temperature of 20°C and that for the afternoon dataset yielded an outlet water temperature of 39°C for an ambient air temperature of 17°C. The percentage error between the projected and measured results was 13.51% for the morning period and 52.58% for the afternoon period. Numerical simulation and field data demonstrated that while the collector system operated successfully, its effects were limited to the volume of water immediately surrounding the outlet of the system; the rate of circulation within the system was too low for there to be a meaningful increase in the temperature of the water body at large. The stated results demonstrate that while the particular configuration of passive circulation solar collection technology developed in this instance is capable of transferring solar thermal energy to water without additional energy sources, significant modifications are necessary in order to improve the effectiveness of the technology. Such changes may come from improvements in material availability or alterations to the configuration of components of the collector system.

Following the Global Financial Crisis of 2007-2008, financial institutions faced regulatory changes due to inherent weaknesses that were exposed by the recession. Within the United States, regulation came via the passing of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, which was heavily influenced by the internationally focused Basel III accord. A key component to both of these sets of regulations focused on raising the capital requirements for financial institutions, as well as creating capital buffers to help protect solvency during economic downturns in the future. The goal of this study is to evaluate the effectiveness of these changes to capital requirements, and to hypothesize as to what would happen if the modern banking system experienced the COVID-19 pandemic recession with the capital and leverage levels of the banking institutions circa 2007. To accomplish this, data from the Federal Reserve describing the capital and leverage ratios of the banking industry will be evaluated during both the Global Financial Crisis of 2007-2008, as well as during the COVID-19 Recession. Specifically, we will look at by how much capital was improved due to Dodd-Frank/Basel III, the resiliency of the capital and leverage ratios during the modern COVID-19 recession, and we will look at the average drop in capital levels caused by the COVID-19 recession and apply these percentage changes to the leverage/capital levels seen in 2007. Given the results, it is clear to see that the change in capital requirements along with the counter-cyclical buffers described in Dodd-Frank and Basel III allowed the banking system to function throughout the COVID recession without approaching insolvency in the slightest, something that ailed many large banks and firms during the Global Financial Crisis. As an answer to our hypothetical, we found that the drop seen affecting the measures of bank capital experienced during the COVID pandemic when applied to values seen at the beginning of the 2007 recession still led to a well-capitalized banking industry as a whole, highlighting the resiliency seen during the COVID recession thanks to the capital buffers put in place, as well as the direct assistance provided by the federal government (via PPP loans and stimulus checks) and the Federal Reserve in keeping the hit on capital to minimal values throughout the pandemic.

In this experiment, a haptic glove with vibratory motors on the fingertips was tested against the standard HTC Vive controller to see if the additional vibrations provided by the glove increased immersion in common gaming scenarios where haptic feedback is provided. Specifically, two scenarios were developed: an explosion scene containing a small and large explosion and a box interaction scene that allowed the participants to touch the box virtually with their hand. At the start of this project, it was hypothesized that the haptic glove would have a significant positive impact in at least one of these scenarios. Nine participants took place in the study and immersion was measured through a post-experiment questionnaire. Statistical analysis on the results showed that the haptic glove did have a significant impact on immersion in the box interaction scene, but not in the explosion scene. In the end, I conclude that since this haptic glove does not significantly increase immersion across all scenarios when compared to the standard Vive controller, it should not be used at a replacement in its current state.

Previous studies about the effects of regulatory institutions on the outcomes of regulation have resulted in a lack of consensus on the nature of these impacts. This paper seeks to resolve some of this ambiguity by analyzing two dimension of electric utility regulatory outcomes, prices and reliability, with a broader panel of explanatory variables and with a Hausman-Taylor regression technique. The results suggest that elected regulators and deregulated electricity markets result in worse reliability outcomes for consumers without strong evidence that either institution secures lower electricity prices. Incorporating these insights into a theoretical model of regulation could give more detailed insight into how to create regulatory institutions that can optimize the outcomes of governance.

Sanctuary jurisdictions are jurisdictions that do not enforce one or more aspects of federal immigration policy in regards to unauthorized immigrants. Some states maintain state-wide sanctuary policies while others are adamantly against them. Estimates of taxes that unauthorized immigrants pay and estimates of the amount of state funding that unauthorized immigrants can access (education, financial aid, corrections, and welfare) reveal that regardless of sanctuary status, unauthorized immigrants may “pay in” more than they “take out” from the system. The status of “sanctuary jurisdiction” does not appear to have much if any effect on the net state budget. However, unauthorized immigrants are able to access more welfare programs in sanctuary states.

The field of behavioral economics explores the ways in which individuals make choices under uncertainty, in part, by examining the role that risk attitudes play in a person’s efforts to maximize their own utility. This thesis aims to contribute to the body of economic literature regarding risk attitudes by first evaluating the traditional economic method for discerning risk coefficients by examining whether students provide reasonable answers to lottery questions. Second, the answers of reasonable respondents are subject to our economic model using the CRRA utility function in which Python code is used to make predictions of the risk coefficients of respondents via a two-step regression procedure. Lastly, the degree to which the economic model provides a good fit for the lottery answers given by reasonable respondents is discerned. The most notable findings of the study are as follows. College students had extreme difficulty in understanding lottery questions of this sort, with Medical and Life Science majors struggling significantly more than both Business and Engineering majors. Additionally, gender was correlated with estimated risk coefficients, with females being more risk-loving relative to males. Lastly, in regards to the model’s goodness of fit when evaluating potential losses, the expected utility model involving choice under uncertainty was consistent with the behavior of progressives and moderates but inconsistent with the behavior of conservatives.

Is there a mismatch between urban farmers’ perceptions of their farm’s environmental sustainability and its actual environmental impact? Focusing on the use of water and nutrients on each farm as described by the farmers through interviews, it is evident that there is some level of disconnect between ideals and practices. This project may aid in bridging the gap between the two in regard to the farmers’ sustainability goals. This project will move forward by continuing interviews with farmers as well as collecting soil and water from the farms in order to more accurately quantify the sustainability of the farms’ practices. This project demonstrates that there is some degree of misalignment between perception and reality. Two farms claimed they were sustainable when their practices did not reflect that, while 2 farms said they were not sure if they were sustainable when their practices indicated otherwise. Samples from two farms showed high concentrations of nutrients and salts, supporting the idea that there may be a mismatch between perceived and actual sustainability.

This project dives into the journey of our entrepreneurial startup with the Founders Lab Thesis Program. In the global sports business industry, we knew that there was something missing. While conducting market research, there was little data and information about sustainability initiatives that engaged sports fans, especially in college sports. Not to mention, there was no sustainability information provided on any existing platforms that sporting teams use for ticketing and advertising. So, for our startup, we decided to create a website called SustainSports which gives fans the opportunity to inform themselves about sustainability initiatives at sports events (https://sustainsports.webflow.io/). These fans can also earn points and rewards for practicing sustainability activities at home. In short, SustainSports serves as an educational, interactive, and informative website that connects users to sustainability initiatives, community activities, and exciting rewards, while encouraging users to continue such environmentally-friendly practices in their daily lives. In chronological order, this thesis paper will examine the process we took to create SustainSports and demonstrate our efforts that properly allowed us to defend it one academic year later. From meetings with renowned sports enthusiasts and professors to interviews with ASU students and sports fans, we have listened to and taken in diverse perspectives to understand the perceptions of sustainability in the global sports industry. When we realized that there was a significant gap between sports and sustainability - both important elements of American society and culture - we knew a change needed to be made. Hence, SustainSports came to life, offering users a fresh opportunity to be more aware of their sustainability surroundings, while simultaneously enjoying the sports they know and love.