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Understanding Unpredictability

Description
Since the emergence of behavioral economics, our understanding of human behavior and decision-making has improved through the widespread use of conducting experiments. In tandem, behavioral and experimental economists seek to merge psychology and emotion into economic thought to better understand the agents that comprise our economic systems. Vernon Smith, a…

Since the emergence of behavioral economics, our understanding of human behavior and decision-making has improved through the widespread use of conducting experiments. In tandem, behavioral and experimental economists seek to merge psychology and emotion into economic thought to better understand the agents that comprise our economic systems. Vernon Smith, a Nobel Prize winning experimental economist, wrote an article on how economic agents in asset market experiments create bubbles (commonly referred to as "booms and busts" or "market crashes"). This study builds on Smith's work and seeks to better understand how participants behave when given information about the expected outcome of the experiment, and thus how external information affects an individual's expectations and behavior in financial markets. Upon the completion of the experiments and analyzing the results, 7 of the 14 experiments with the same parameters ended with the outcome consistent with the researcher's hypotheses. These results conclude that providing participants with different contextual information regarding outcome hypotheses affected their expectations, price speculations, and strategy development when approaching an asset market.
ContributorsLabansat, Derek (Author) / Goegan, Brian (Thesis director) / Eaton, John (Committee member) / Barrett, The Honors College (Contributor)
Created2017-12
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Creating an Environment for Empathy in the Classroom

Description
Empathy is a characteristic fully developed and manifested in one creature: the human being. In February 2011, we saw the supercomputer, Watson, challenge highly intelligent human beings on Jeopardy. The human beings put up a brutal battle of wits but ultimately, the computer was declared victor. Scientists have made remarkable…

Empathy is a characteristic fully developed and manifested in one creature: the human being. In February 2011, we saw the supercomputer, Watson, challenge highly intelligent human beings on Jeopardy. The human beings put up a brutal battle of wits but ultimately, the computer was declared victor. Scientists have made remarkable leaps when it comes to creating artificial intelligence. We have "smart" phones that sit in the palm of our hand and can do far more than what we expected of bulky desktops in the 90s.
ContributorsFidura, E. L. Monica (Author) / Knopf, Richard (Thesis director) / Sylvester, Edward (Committee member) / Rodriguez, Ariel (Committee member) / Barrett, The Honors College (Contributor) / Walter Cronkite School of Journalism and Mass Communication (Contributor)
Created2012-12
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Diagnosis: An Analysis of Human Behavior through Poetry

DescriptionDiagnosis is an analysis of human behavior, examined through several types of poetry. The project delves into how individuals act and re-act when put into stress-inducing situations, whether due to that situation, personality, traits, an interaction with another person, or mental illness.
ContributorsBreisblatt, Faith Wood (Author) / Hogue, Cynthia (Thesis director) / Humphrey, Ted (Committee member) / Goldberg, Beckian Fritz (Committee member) / Barrett, The Honors College (Contributor) / T. Denny Sanford School of Social and Family Dynamics (Contributor) / Department of Psychology (Contributor) / Department of English (Contributor)
Created2013-05