Matching Items (2)
Description
This paper seeks to emphasize how the presence of uncertainty, speculation and leverage work in concert within the stock market to exacerbate crashes in a cyclical market. It analyzes three major stock market events: the crash of Oct. 19, 1987, “Black Monday;” the dotcom bust, from 1999 to 2002; and the subprime mortgage crisis, from 2007 to 2010. Within each event period I define determinants or measurements of uncertainty, speculation. Analysis of how these three concepts functioned during boom and bust will highlight how their presence can amplify the magnitude of a crash. This paper postulates that the amount of leverage during a crash determines how long-term its effects will be. This theory is fortified by extensive research and interviews with experts in the stock market who had a front row view of the discussed crises.
ContributorsGraff, Veronica Camille (Author) / Leckey, Andrew (Thesis director) / Cohen, Sarah (Committee member) / Historical, Philosophical & Religious Studies (Contributor) / Walter Cronkite School of Journalism & Mass Comm (Contributor, Contributor) / Dean, W.P. Carey School of Business (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
Description
My dissertation is situated in the speculative—that rhetorical domain of human affairs concerned with conditions we cannot entirely predict or control. Specifically, my research investigates the polarization and unease many of us feel as we imagine a world in which humans are no longer in the driver’s seat. It offers a literate practice of framing to facilitate substantive talk about the possible effects of the impending technology. To pursue this line of inquiry, I draw from Kenneth Burke’s frames of acceptance and rejection. In particular, I developed a computer-based tool and tested the prototype in a pilot project. The study is designed to assess the technai (rhetorical problem-solving tools that transform limits and barriers into possibilities) I fashioned from Burke’s six frames of acceptance and rejection to prompt participants to articulate epic, tragic, comedic, elegiac, satirical and burlesque driving futures. Findings from the study reveal that the practice of framing helps scaffold participants’ thinking beyond the good/bad binary and toward more realistically complex understandings and expectations of the future of driving. For example, one student commented that “the frames guided discussion and added a well-rounded perspective that we individuals may not have otherwise taken into consideration.” Ultimately, this study demonstrates the power of effectively designed deliberative experiences. Technai teach useful practices to teachers, students, scholars – all of whom need opportunities to critically assess the risks and rewards of our technology-laden lives. This research pushes our scholarship to focus on rhetorics that surround speculative public scientific controversies like the driverless car, in order to advocate for our individual and collective well-being.
ContributorsSantana, Christina Jean (Author) / Long, Elenore (Thesis advisor) / Miller, Keith (Committee member) / Hannah, Mark (Committee member) / Arizona State University (Publisher)
Created2016