scholarly journals An Empirical Investigation of the Option Value of College Enrollment

2012 ◽  
Vol 4 (1) ◽  
pp. 49-84 ◽  
Author(s):  
Kevin M Stange

This paper quantifies the option value arising from sequential schooling decisions made in the presence of uncertainty and learning about academic ability. College attendance has option value since enrolled students have the option, but not obligation, to continue in school after learning their aptitude and tastes. I estimate that option value accounts for 14 percent of the total value of the opportunity to attend college for the average high school graduate and is greatest for moderate-aptitude students. Students' ability to make decisions sequentially in response to new information increases welfare and also makes educational outcomes less polarized by background. (JEL D83, I23)

Check List ◽  
2014 ◽  
Vol 10 (6) ◽  
pp. 1563
Author(s):  
Javier Quiñones ◽  
Karla García Burneo ◽  
Claudio Barragan

The presence of the Yellow-bellied Sea Snake (Hydrophis platurus) in the Southeast Pacific is rarely reported, with only one confirmed observation from northern Perú made in the early 1950s. We present new information based on a live-stranded specimen recently found in Peruvian waters, having washed ashore at Máncora (04.1255° S, 81.0958° W) in northern Perú on 12 July 2012. This stranding was associated with a Modoki El Niño warm event, since positive sea surface temperature (SST) anomalies up to 2.5°C were registered at this time.


2019 ◽  
Vol 14 (1) ◽  
pp. 31-47 ◽  
Author(s):  
Lucio Cappelli ◽  
Fabrizio D’ascenzo ◽  
Roberto Ruggieri ◽  
Francesca Rossetti ◽  
Alessandra Scalingi

Abstract The paper is part of a broader research project studying consumer’s attitude towards “Made in Italy” products through empirical investigation. The research questions addressed are: 1) Does recognition in terms of the qualitative characterization of “Made in Italy” products exist? And if so, 2) are people willing to pay, in quantitative terms, a premium price for such products? From a theoretical standpoint, the research seeks to fill a gap in the literature, since studies combining the “made in” characteristic with measured “willingness to pay” are neither conventional nor numerous. The specific purpose of this contribution is to analyze the relationship between the purchase of “Made in Italy” products, recognition of the quality and willingness to pay a premium price on the part of Italian consumers, reporting the results of an empirical research. The survey involved a total of 315 Italian consumers while three commodity sectors were analysed: food, fashion and mechanical automation. The results confirm that there is a propensity to purchase “Made in Italy” products which does not seem to be a matter of irrational consumer behaviour. “Made in Italy” is confirmed as a conceptual category consolidated in the minds of consumers, since there is clear recognition of these products in terms of qualitative characterization. These and other results of the research (which need to be confirmed and extended with further empirical investigations) should prove relevant both to the literature and as indications for public policies and the strategies of companies operating in the sectors examined. For the literature this research can be useful because there is no complete overview of quantitative data on the premium price. It can also serve for public policies because quantification of the premium price can influence the choices and strategies of companies. This study shows a significant willingness to pay a premium price for the three sectors analyzed, although the premium price is not homogeneous: while the measures range mostly between 10 and 30%, higher values appear for products in the food sector.


1933 ◽  
Vol 24 (4) ◽  
pp. 493-510 ◽  
Author(s):  
J. A. Kerr

Almost all of the studies here reported were made in one small region, so that very little new information was secured on the ranges of the species of mosquitos under consideration.Our investigations regarding breeding-places were limited to a few species. Aëdes vittatus was found occasionally breeding in tree-holes in Ibadan. Aëdes irritans adults were taken at Ibadan, which is so far inland that this species must sometimes breed in places other than crab-holes at the edges of salt or brackish water. We did not, however, find the larvae of this species at Ibadan. The favourite breeding-place of Eretmopodites chrysogaster was found to be small collections of water in fallen leaves (especially those of cocoa trees) lying in moist and densely shaded places. Because of the abundance of Mansonia africana in places practically free from Pistia, we conclude that in the vicinity of Lagos it must breed abundantly on other plants. The long flight range of this species was taken into consideration in arriving at this conclusion. An extensive search failed, however, to reveal these plants. M. uniformis, also abundant in the vicinity of Lagos, does not breed there upon Pistia, but an extensive search failed to reveal its breeding-place.


2018 ◽  
Vol 13 (S349) ◽  
pp. 516-519
Author(s):  
Santiago Paolantonio ◽  
Leonardo Pelliza ◽  
Claudio C. Mallamaci ◽  
Néstor Camino ◽  
Mariana Orellana ◽  
...  

AbstractThe aim of this work is to provide new information about the history of astronomical science and the efforts of the people that have enriched our discipline, often coming from anonymity. Here we compile the attempts made in our country to prove the theory of General Relativity through experiments that, as they were without success, fell into oblivion.


2003 ◽  
Vol 3 ◽  
pp. 357-411 ◽  
Author(s):  
Charles Keller

Global warming and attendant climate change have been controversial for at least a decade. This is largely because of its societal implications. With the recent publication of the Third Assessment Report of the United Nations’ Intergovernmental Panel on Climate Change there has been renewed interest and controversy about how certain the scientific community is of its conclusions: that humans are influencing the climate and that global temperatures will continue to rise rapidly in this century. This review attempts to update what is known and in particular what advances have been made in the past 5 years or so. It does not attempt to be comprehensive. Rather it focuses on the most controversial issues, which are actually few in number. They are: 1-Is the surface temperature record accurate or is it biased by heat from cities, etc.? 2-Is that record significantly different from past warmings such as the Medieval Warming Period? 3-Is not the sun’s increasing activity the cause of most of the warming? 4-Can we model climate and predict its future, or is it just too complex and chaotic? 5-Are there any other changes in climate other than warming, and can they be attributed to the warming?Despite continued uncertainties, the review finds affirmative answers to these questions. Of particular interest are advances that seem to explain why satellites do not see as much warming as surface instruments, how we are getting a good idea of recent paleoclimates, and why the 20thcentury temperature record was so complex. It makes the point that in each area new information could come to light that would change our thinking on the quantitative magnitude and timing of anthropogenic warming, but it is unlikely to alter the basic conclusions.Finally, there is a very brief discussion of the societal policy response to the scientific message, and the author comments on his 2-year email discussions with many of the world’s most outspoken critics of the anthropogenic warming hypothesis.


1971 ◽  
Vol 32 (1) ◽  
pp. 279-282
Author(s):  
Robert E. Franken ◽  
Glen G. Poole ◽  
Leslie Grauer

The experiment was designed to evaluate (a) whether gradually adding new information to a display (pacing) is an efficient way to teach Ss to identify a complex display and (b) whether pacing would produce greater stimulus predifferentiation as measured by more accurate detections of a change when the change was made in a display containing the same matetial. The results for 16 Ss indicate there is positive transfer between steps in the pacing procedure and that pacing produces more accurate detection of change. It may be that an independent skill is acquired as the result of pacing which is responsible for the improved ability to detect change.


2019 ◽  
Author(s):  
yola febriani ◽  
Hade Afriansyah ◽  
Rusdinal

This article aims to describe how is the process of decision making. Decision making is something that is never separated from human life, both simple decision making and complex problems. Everyone is always faced with the choice to take a decision. To be able to take the right decisions, every person should know the steps. This article presents what the decision-making steps and what is the importance of creative thinking in decision making. Creative thinking will help decision makers to improve the quality and effectiveness of problem solving and decision making results were made. In relation to the process of decision making, creative thinking is needed, especially in identifying problems and develop alternative solutions. The methodology used to arrange this article is Systematic Literature Review (SLR). First, researcher find relevant theories, and then make a conclusion about it, then analyzing, and finally make a new information based researcher analyzing.


2019 ◽  
Author(s):  
yola febriani ◽  
Hade Afriansyah ◽  
Rusdinal

This article aims to describe how is the process of decision making. Decision making is something that is never separated from human life, both simple decision making and complex problems. Everyone is always faced with the choice to take a decision. To be able to take the right decision, every person should know the steps. This article presents what the decision making steps and what is the importance of creative thinking in decision making. Creative thinking will help decision makers to improve the quality and effectiveness of problem solving and decision making results were made. In relation to the process of decision making, creative thinking is needed, especially in identifying problems and develop alternative solutions. The methodology used to arrange this article is Systematic Literature Review (SLR). First, researcher find relevant theories, and then make a conclusion about it, then analyzing, and finally make a new information based researcher analyzing


2003 ◽  
Vol 11 (2) ◽  
Author(s):  
David Nicol ◽  
Michael Coen

Significant investments are being made in the application of new information and communications technologies (ICT) to teaching and learning in higher education. However, until recently, there has been little progress in devising an integrated costbenefit model that decision-makers can use to appraise ICT investment options from the wider institutional perspective. This paper describes and illustrates a model that has been developed to enable evaluations of the costs and benefits of the use of ICT. The strengths and limitations of the model are highlighted and discussed DOI:10.1080/0968776030110205


PEDIATRICS ◽  
1960 ◽  
Vol 25 (4) ◽  
pp. 597-597
Author(s):  
HERBERT RACKOW

This text is a welcome addition to the small number of books devoted exclusively to pediatric anesthesia. There have been many advances made in this field since Pediatric Anesthesia by Leigh and Belton (1948) and Stephen's monograph, Elements of Pediatric Anesthesia (1956), were published. Smith has collected much of this new information from widely distributed articles, organized it, and added from his own experience of many years at the Children's Medical Center, in Boston. The book covers many aspects of pediatric anesthesia: basic science, patient preparation, general and special techniques, complications, mortality, etc.


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