Barrett, The Honors College Thesis/Creative Project Collection
Barrett, The Honors College at Arizona State University proudly showcases the work of undergraduate honors students by sharing this collection exclusively with the ASU community.
Barrett accepts high performing, academically engaged undergraduate students and works with them in collaboration with all of the other academic units at Arizona State University. All Barrett students complete a thesis or creative project which is an opportunity to explore an intellectual interest and produce an original piece of scholarly research. The thesis or creative project is supervised and defended in front of a faculty committee. Students are able to engage with professors who are nationally recognized in their fields and committed to working with honors students. Completing a Barrett thesis or creative project is an opportunity for undergraduate honors students to contribute to the ASU academic community in a meaningful way.
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- Creators: Dean, W.P. Carey School of Business
Description
This study aims to identify the potential irrationality in the personal investment decision-making habits of university students, as influenced by the framing effect, loss aversion, and related heuristics. Researchers conducted a cross-sectional study of 114 students (n = 102). Participants responded to a survey regarding their willingness to invest in certain hypothetical investment scenarios. Outcome was measured primarily using Likert scales and yes
o binomial options regarding the participant’s willingness to participate in a specific deal. The study was broken into three blocks, the first of which dealt with the framing effect and the subsequent two considered loss aversion. Of the data collected, there were multiple significant results found to support the framing effect and loss aversion. There was a significant difference between responses that were positively and negatively framed, and between varying upside potential in equivalent-risk scenarios. For block one, those participants who received the positive framing condition were more likely to invest in the master’s program than those who received the negative framing condition. For blocks two and three, the majority of participants exhibited loss averse behavior more extreme than the predicted amounts; closer to 4x the upside was required (rather than the predicted 2x) for the participants to participate in the deal. Although the results did replicate the framing effect and loss aversion, college students were more loss averse than was predicted.
o binomial options regarding the participant’s willingness to participate in a specific deal. The study was broken into three blocks, the first of which dealt with the framing effect and the subsequent two considered loss aversion. Of the data collected, there were multiple significant results found to support the framing effect and loss aversion. There was a significant difference between responses that were positively and negatively framed, and between varying upside potential in equivalent-risk scenarios. For block one, those participants who received the positive framing condition were more likely to invest in the master’s program than those who received the negative framing condition. For blocks two and three, the majority of participants exhibited loss averse behavior more extreme than the predicted amounts; closer to 4x the upside was required (rather than the predicted 2x) for the participants to participate in the deal. Although the results did replicate the framing effect and loss aversion, college students were more loss averse than was predicted.
ContributorsKlemish, Colby (Author) / Radway, Debra (Thesis director) / Arrfelt, Mathias (Committee member) / Goldinger, Stephen (Committee member) / Dean, W.P. Carey School of Business (Contributor) / Department of Psychology (Contributor) / Department of Finance (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
Description
The United States has a long-standing history of income and wealth inequality that create barriers for individuals to escape from poverty. When a family is in poverty, children in the household are likely to grow up experiencing educational and skill inequity. This establishes the beginning of the cycle of poverty which is a complex issue that is caused by a combination of factors or events which can affect all aspects of an individual’s life. Research suggests poverty is driven by the following root causes: family breakdown, educational failure, worklessness and dependency, addiction, and personal debt (The Centre for Social Justice). While these factors can be seen as interrelated factors affecting a family’s socioeconomic standing, this paper focuses specifically on addressing the worklessness and dependency aspect of poverty.
Work is recognized as one of the most effective routes out of poverty. I set out to research how side hustles or gigs can impact the financial standing of low-income families and get a better understanding of requirements to engage in these types of work. The research conducted in this project aims to identify potential side hustles that low-income earners can engage in without needing to make a large capital investment. The project findings will help readers get a better understanding of various side hustles available and learn how additional earnings can help individuals build, grow, and maintain capital.
Work is recognized as one of the most effective routes out of poverty. I set out to research how side hustles or gigs can impact the financial standing of low-income families and get a better understanding of requirements to engage in these types of work. The research conducted in this project aims to identify potential side hustles that low-income earners can engage in without needing to make a large capital investment. The project findings will help readers get a better understanding of various side hustles available and learn how additional earnings can help individuals build, grow, and maintain capital.
ContributorsNguyen, Jacklyn (Author) / Radway, Debra (Thesis director) / Gutierrez, Veronica (Committee member) / WPC Graduate Programs (Contributor) / Dean, W.P. Carey School of Business (Contributor) / Watts College of Public Service & Community Solut (Contributor) / School of Accountancy (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05