The Impact of Narcissistic CEOs Running Media Companies on Stock Markets: A Case Study on Elon Musk's Twitter Activity on the Performance of Tesla and Twitter

Thesis advisor: Donald CoxDoes a CEO’s narcissism influence the company’s stock? Would it matter if it is a media company? The Efficient Market Hypothesis claims that it matters little given market efficiency, as narcissism has been priced in stock based on the Capital Asset Pricing Model. Existing literature is divided on whether CEO narcissism influences corporate efficiency. This paper refines assumptions on asset pricing by indicating when market inefficiency occurs through panel studies, which the Adaptative Market Hypothesis overlooks. A case study on Elon Musk suggests that the CEO’s narcissism with media involvement creates temporary market inefficiency. This paper innovatively combines an event study of Elon Musk's Twitter activities on Tesla and Twitter with a panel analysis of 17 S&P 500 CEOs. The finding shows that younger and female CEOs, who derive narcissism supply and lead media companies, are more inclined to take risks on stock returns. This result suggests re-evaluating stock market efficiency to include CEO demographics and personality, which extends beyond traditional CAPM models.Thesis (BA) — Boston College, 2024.Submitted to: Boston College. Morrissey School of Arts and Sciences.Discipline: Economics.Discipline: Departmental Honors

Brotherhood and unity: Exploring language and nationalism in Yugoslav primers, 1941-1992

Thesis advisor: Gerald M. EasterThesis advisor: Margaret ThomasNationalism and national identity are abstract yet extremely powerful forces that can be at once a source of cohesion and faction. And a government’s ability to harness or rein-in these powers can be a crucial factor to its longevity, lest it be overcome by them on other fronts. These concepts—along with nation itself—are an amalgam of many elements that can include culture, economics, geography, history, language, politics, religion, etc., and the importance of a particular element can vary from group to group. In this dissertation, the focus is on the salience of language as an essential element of national identity, and the exploration of this topic has been done through an analysis of elementary language primers from 1941 through 1992 from the region known for a majority of that time as Yugoslavia. I argue that we can measure how important governments think language is as a component of a particular national identity by seeing how they treat and utilize—even instrumentalize—the language or languages spoken in their territory. This direct governmental use of language as a tool is particularly important in revealing how that government connects language to the national identity(-ies) in question. Certainly language policy and laws passed by a government to bolster or limit a particular language’s use can tell us a lot—in a very straightforward and overt way—about what that government sees as important; but, there is another more subtle—yet potentially more long-lasting—thing that can strengthen these efforts even further: teaching children. Looking at educational materials, in this case elementary language primers, can provide insight into what the government thinks is important with respect to its national identity. This analysis, done within a framework that focuses on three historical periods in the history and development of Yugoslavia, shows that governments do use language primers as a vehicle to promote and strengthen the nation, national identity, and national cohesion. We can be fairly confident that every book analyzed in this study was approved or published by the government where it was used; and, in each of the three historical periods that fall within the scope of this study, we see the goals of the state reflected in the language, content, and pedagogical methodology of the primers that were published during a given period.Thesis (PhD) — Boston College, 2024.Submitted to: Boston College. Graduate School of Arts and Sciences.Discipline: Political Science

Decent Work and its Association with Mental and Physical Health among Latina Immigrants:

Thesis advisor: Betty S. LaiLatina immigrants comprise more than half of the 12.3 million immigrant women who work in the United States (U.S.) (American Immigration Council, 2017). However, they do not benefit from the same wages and workplace protections (i.e., decent work) as U.S.-born women. Latina immigrants are overrepresented in essential but low-wage jobs that are less likely to offer benefits like employee-sponsored health insurance and paid time off (U.S. Bureau of Labor Statistics, 2021). Yet, there is minimal research on the relationship between decent work and the physical and mental health of Latina immigrants, specifically. This is concerning, given that decent work is associated with positive physical and mental health outcomes (Duffy, Kim, et al., 2019; Duffy et al., 2021; Kozan et al., 2019). Using psychology of working theory (Duffy et al., 2016), LatCrit theory (Valdes, 1997), and mujerista psychology (Bryant-Davis & Comas-Díaz, 2016) as its frame, this study sought to address this gap in the literature through the examination of three research aims: identifying barriers to decent work specific to Latina immigrants (Aim 1); examining the relationship between decent work, physical health, and mental health (Aim 2); and testing moderation of these relationships by parental status (Aim 3). This study used a sub-sample of participants (n=591) from the 2019 National Health Interview Survey (NHIS), a nationally-representative survey conducted annually by the Centers for Disease Control and Prevention. Participants in the sub-sample were first-generation Latina immigrants between the ages of 18 and 78 (M = 43.92) who worked in the past week. The majority of the sub-sample identified as Mexican-American (55.30%) and non-U.S. citizens (52.12%). Data were analyzed using structural equation modeling (SEM). Results indicated that economic constraints significantly predicted decent work (Aim 1). Contrary to hypotheses, decent work did not predict physical health or mental health (Aim 2). Finally, residing with minor children strengthened the relationship between marginalization and decent work (Aim 3). Limitations and future directions for research, policy, and clinical practice are discussed.Thesis (PhD) — Boston College, 2024.Submitted to: Boston College. Lynch School of Education.Discipline: Counseling, Developmental and Educational Psychology

Essays in Microeconomic Theory:

Thesis advisor: Mehmet EkmekciThis dissertation consists of two independent essays. In the first essay, Coordination in Complex Environments, I introduce a framework to study coordination in highly uncertain environments. Coordination is an important aspect of innovative contexts, where: the more innovative a course of action, the more uncertain its outcome. To explore the interplay of coordination and informational complexity, I embed a beauty-contest game into a complex environment. I uncover a new conformity phenomenon. The new effect may push towards exploration of unknown alternatives, or constitute a status quo bias, depending on the network structure of the connections among players. In the second essay, The Extensive Margin of Bayesian Persuasion, I study the persuasion of a receiver who accesses information only if she exerts attention effort. The sender uses the information to incentivize the receiver to pay attention. I show that persuasion mechanisms are equivalent to signals. In a model of media capture, the sender finds it optimal to censor high states.Thesis (PhD) — Boston College, 2024.Submitted to: Boston College. Graduate School of Arts and Sciences.Discipline: Economics

Pseudo-Anosov maps and genus-two L-space knots:

Thesis advisor: John A. BaldwinWe classify genus-two L-space knots in S3 and the Poincare homology sphere.This leads to the first and to-date only detection results in knot Floer homology for knots of genus greater than one. Our proofs interweave Floer-homological properties of L-space knots, the geometry of pseudo-Anosov maps, and the theory of train tracks and folding automata for braids. The crux of our argument is a complete classification of fixed-point-free pseudo-Anosov maps in all but one stratum on the genus-two surface with one boundary component. To facilitate our classification, we exhibit a small family of train tracks carrying all pseudo-Anosov maps in most strata on the marked disk. As a consequence of our proof technique, we almost completely classify genus-two, hyperbolic, fibered knots with knot Floer homology of rank 1 in their next-to-top grading in any 3-manifold. Several corollaries follow, regarding the Floer homology of cyclic branched covers, SU(2)-abelian Dehn surgeries, Khovanov and annular Khovanov homology, and instanton Floer homology.Thesis (PhD) — Boston College, 2024.Submitted to: Boston College. Graduate School of Arts and Sciences.Discipline: Mathematics

Essays in Econometrics and Machine Learning:

Thesis advisor: Shakeeb KhanThesis advisor: Zhijie XiaoThis dissertation consists of three chapters demonstrating how the current econometric problems can be solved by using machine learning techniques. In the first chapter, I propose new approaches to estimating large dimensional monotone index models. This class of models has been popular in the applied and theoretical econometrics literatures as it includes discrete choice, nonparametric transformation, and duration models. A main advantage of my approach is computational. For instance, rank estimation procedures such as those proposed in Han (1987) and Cavanagh and Sherman (1998) that optimize a nonsmooth, non convex objective function are difficult to use with more than a few regressors and so limits their use in with economic data sets. For such monotone index models with increasing dimension, we propose to use a new class of estimators based on batched gradient descent (BGD) involving nonparametric methods such as kernel estimation or sieve estimation, and study their asymptotic properties. The BGD algorithm uses an iterative procedure where the key step exploits a strictly convex objective function, resulting in computational advantages. A contribution of my approach is that the model is large dimensional and semiparametric and so does not require the use of parametric distributional assumptions. The second chapter studies the estimation of semiparametric monotone index models when the sample size n is extremely large and conventional approaches fail to work due to devastating computational burdens. Motivated by the mini-batch gradient descent algorithm (MBGD) that is widely used as a stochastic optimization tool in the machine learning field, this chapter proposes a novel subsample- and iteration-based estimation procedure. In particular, starting from any initial guess of the true parameter, the estimator is progressively updated using a sequence of subsamples randomly drawn from the data set whose sample size is much smaller than n. The update is based on the gradient of some well-chosen loss function, where the nonparametric component in the model is replaced with its Nadaraya-Watson kernel estimator that is also constructed based on the random subsamples. The proposed algorithm essentially generalizes MBGD algorithm to the semiparametric setup. Since the new method uses only a subsample to perform Nadaraya-Watson kernel estimation and conduct the update, compared with the full-sample-based iterative method, the new method reduces the computational time by roughly n times if the subsample size and the kernel function are chosen properly, so can be easily applied when the sample size n is large. Moreover, this chapter shows that if averages are further conducted across the estimators produced during iterations, the difference between the average estimator and full-sample-based estimator will be 1/\sqrt{n}-trivial. Consequently, the averaged estimator is 1/\sqrt{n}-consistent and asymptotically normally distributed. In other words, the new estimator substantially improves the computational speed, while at the same time maintains the estimation accuracy. Finally, extensive Monte Carlo experiments and real data analysis illustrate the excellent performance of novel algorithm in terms of computational efficiency when the sample size is extremely large. Finally, the third chapter studies robust inference procedure for treatment effects in panel data with flexible relationship across units via the random forest method. The key contribution of this chapter is twofold. First, it proposes a direct construction of prediction intervals for the treatment effect by exploiting the information of the joint distribution of the cross-sectional units to construct counterfactuals using random forest. In particular, it proposes a Quantile Control Method (QCM) using the Quantile Random Forest (QRF) to accommodate flexible cross-sectional structure as well as high dimensionality. Second, it establishes the asymptotic consistency of QRF under the panel/time series setup with high dimensionality, which is of theoretical interest on its own right. In addition, Monte Carlo simulations are conducted and show that prediction intervals via the QCM have excellent coverage probability for the treatment effects comparing to existing methods in the literature, and are robust to heteroskedasticity, autocorrelation, and various types of model misspecifications. Finally, an empirical application to study the effect of the economic integration between Hong Kong and mainland China on Hong Kong’s economy is conducted to highlight the potential of the proposed method.Thesis (PhD) — Boston College, 2024.Submitted to: Boston College. Graduate School of Arts and Sciences.Discipline: Economics

Essays on Gender Differences in Job Search Beliefs and Behavior:

Thesis advisor: Lucas CoffmanGender Differences in Sorting on the Job Market: The Role of Application Costs Research shows that, holding qualifications equal, women are less willing than men to apply for certain high-paying jobs. Through a stylized labor market experiment, I investigate whether the "gender application gap" for high-paying jobs is affected by the presence or magnitude of application costs. I randomly vary the cost of applying for such a job, with subjects either facing no marginal cost, paying a fee, or writing a cover letter. Men are significantly more likely than equally qualified women to apply for a job only when the marginal cost of applying is zero. Introducing either type of application cost, but especially a fee, shrinks the gender application gap. This result comes from gender differences in self-selection behavior: women prefer not to apply when unskilled regardless of costs, whereas unskilled men only drop out of the applicant pool when a tangible cost is introduced. Women appear to face a higher cost than men from applying for a job they might perform poorly at, especially if the job is in a stereotypically "male-typed" domain. Subjective Self-Promotion and Gender Bias in Recruitment Previous work finds that women are more "modest" on average than equally skilled men when subjectively describing their abilities. If recruiters treat self-promotion by men and women as equally informative, they may become inefficiently biased towards male applicants. I randomly vary whether recruiters in a hiring experiment select from applicants who submitted only a resume, or submitted a resume and a cover letter (a type of subjective self-promotion). A cover letter requirement significantly reduces women's share of hires, even as it increases women's share of total applications. This hiring penalty against women cannot be explained by differences in qualifications or skills between men and women who choose to write cover letters. In fact, while employers see productivity gains from requiring a cover letter, such gains would be larger if cover letters did not bias recruiters towards male applicants. Textual analysis reveals that women’s cover letters contain half as much “boasting” language as men’s letters, which could help explain why cover letters impose a penalty on women's chances of getting hired. Anticipated Returns to "Clearing the Bar'': Gender Differences in Job Search Beliefs Conventional wisdom states that women are less willing than men to apply for a job for which they feel only partly qualified. Is this due to gender differences in anticipated returns to meeting or exceeding the desired level of qualification for a job? In a series of studies, I investigate whether men and women rate more and less qualified candidates’ chances of being hired differently. In the lab, I elicit beliefs about callback and offer likelihood by having subjects "bet" on the outcomes of other applicants' job searches. In a stylized online labor market experiment, I observe subjects' job application decisions and elicit beliefs regarding how qualified they will appear to a recruiter. Across studies, I find that women anticipate the same or greater returns than men to moving from "not at all" to "somewhat" qualified for a position, but the same or lower returns to moving from "somewhat" to fully or "highly" qualified. Controlling for gender differences in willingness to rate one's own or others' resumes as qualified does not change the pattern of results. Consistent with these findings, women in my experiment do not differ from men in how likely they are to apply if they fulfill some, but not all, of the listed qualifications in a job posting.Thesis (PhD) — Boston College, 2024.Submitted to: Boston College. Graduate School of Arts and Sciences.Discipline: Economics

Growing Up Globally: Form and Genre in the Anglophone Bildungsroman

Thesis advisor: Robert LehmanThe scholarship surrounding the anglophone Bildungsroman has been to this point largely divided by national and periodized boundaries. This approach to the coming-of-age novel highlights tightly-knit clusters of texts that share geospatial contexts but precludes the possibility that texts from outside these demarcated groupings share essential features that might transcend the borders of nations and literary periods. In the supposed age of literary cosmopolitanism, it is perhaps time for a new approach to the Bildungsroman. I contest that, by approaching various Bildungsromane on the level of their form and structure, new constellations of texts emerge that bring forth new questions and challenges to the conventional narrative of the rise and fall of the Bildungsroman throughout the long history of the novel globally. Each of the texts I discuss fuses a common literary form–the oral tale, the Gothic, literary naturalism, the national allegory–with the coming-of-age novel which inflects and informs its familiar plot, creating cross-cultural and cross-temporal patterns as practitioners of the genre take it up in vastly different circumstances and contexts.  Each manifestation of these hybrid Bildungsromane represents new fields on which the experimental potentialities for individual subjectivity and agency in modernity might ensue, from the early 1840s to the turn of the twenty-first century. In texts which incorporate the chronotope of the oral tale, I argue that authors use the genre to create space for individual agency in a globalizing world. In the inclusion of the Gothic, I suggest, the Bildungsroman resituates the human on the periphery of the text, thrumming with increasingly animate places and things that crowd the individual subject out of her own development. I then question the entropy spirals present in literary naturalism as they temper and trouble the linear development plot, and offer insights into texts that use this fused form to preclude Bildung and texts that use the forces of naturalism to create subterranean structural narratives that reassert its latent potential. I then take the national allegory, a genre with a complex relationship to the Bildungsroman, and argue that the individual subject comes to hold an almost mythic position which comes to be either dissolved or monstrously reasserted in dark reflections of late colonial and postcolonial national imaginations. Finally, I argue that through fantastical realism, a utopian formal play emerges in the narration of the Bildungsroman that creates the narrative space for unique representations of multilayered, open-ended identities at the end of the text.Thesis (PhD) — Boston College, 2024.Submitted to: Boston College. Graduate School of Arts and Sciences.Discipline: English

Reconstructing Pleistocene North Atlantic ice sheet and nutrient cycling dynamics using a multi-proxy approach:

Thesis advisor: Jeremy ShakunThesis advisor: Tony WangTo better understand ice sheet and nutrient cycling dynamics in the North Atlantic, three geochemical paleo-proxies have been analyzed in Pleistocene marine sediments: cosmogenic nuclides (10Be and 26Al) in ice-rafted debris (IRD), 40Ar/39Ar in IRD, and foraminifera-bound nitrogen isotopes (FB-δ15N). For Chapter 1, we analyzed 10Be and 26Al concentrations in quartz separates of IRD from last-glacial North Atlantic sediments and used these data to constrain the history of Laurentide Ice Sheet (LIS) cover over Canada during the Pleistocene. While LIS history is well constrained since the Last Glacial Maximum (LGM) (~20,000 years ago), there is little evidence available from earlier times. 26Al/10Be ratios are depressed in these samples, the result of long-term decay under cover, which we suggest is best explained by a persistent LIS over much of the last million years. This finding implies that the LIS did not fully disappear during many Pleistocene interglacials, making the current ice-free Holocene interglacial relatively unique. For Chapter 2, we synthesized 3,762 40Ar/39Ar ages from North Atlantic IRD, including 670 new analyses. 595 of these single-grain analyses come from some of the same sample intervals as Chapter 1. These 40Ar/39Ar ages in IRD, a tracer of IRD provenance, clarify changes in North Atlantic ice sheet extent during the past few glacial cycles. Comparison of 40Ar/39Ar ages with hypothesized ice margins and cosmogenic nuclide data (from Chapter 1) aid in our interpretations. For last-glacial samples, results suggest ice sheets around the basin may have been in a retracted state during Marine Isotope Stage (MIS) 3 (~29-57 ka), an interval of debated ice extent for the LIS. Our synthesis also allows us to present the first complete records 40Ar/39Ar ages in IRD during Heinrich intervals – times when the LIS exhibited iceberg discharge events. These results support the suggestion made by previous work that Heinrich events 3 and 6 are anomalous relative to other intervals. 40Ar/39Ar analyses from earlier glacial periods – the first yet published – highlight that IRD provenance data may be reflecting iceberg survivability in addition to changes in ice extent. Lastly, analyzing cosmogenic nuclides and 40Ar/39Ar ages in IRD from the same sample intervals indicates that both proxies may be used to infer changes in ice sheet provenance; this is the first time cosmogenic nuclides in IRD have been considered in this way. For Chapter 3, we analyzed FB-δ15N at Site U1313 in North Atlantic samples during the Plio-Pleistocene to reconstruct marine nutrient cycling. In the North Atlantic, nutrient cycling is known to play an important role in regulating surface ocean productivity and CO2 drawdown via photosynthesis. We nevertheless lack a complete understanding of nutrient cycling evolution for the Plio-Pleistocene, during which Northern Hemisphere ice sheets and climate exhibited dramatic fluctuations. We find increasing FB-δ15N values at the transition from the Pliocene to the Pleistocene. Additionally, FB-δ15N values are generally higher during glacials compared to interglacials. We suggest these observations can best be explained by an expansion or increase of N2 fixation in the North Atlantic during warmer intervals (interglacials, Pliocene) and a retraction or decrease of N2 fixation during cold intervals (Pleistocene glacials). Considered alongside previously published paleo-proxy data from Site U1313 we suggest these changes in nutrient cycling reflect climate-driven migrations of the North Atlantic Current. In Chapter 4, I reflect upon how I have worked to integrate broader impacts into my Ph.D. work. Using a combined approach, I focused on fostering an inclusive environment within paleoclimate research spaces as well as engaging non-scientists in paleoclimate-and Earth science-related activities. These approaches ranged from K-12 partnership activities to mentoring students to more experimental avenues, such as a collaborative art project. I have evaluated the success of this work using a combination of quantitative metrics and subjective assessments. Participating in these efforts was also crucial for reminding me of the importance of making science accessible to everyone as well as for helping me hone my mentorship and science communication skills.Thesis (PhD) — Boston College, 2024.Submitted to: Boston College. Graduate School of Arts and Sciences.Discipline: Earth and Environmental Sciences

Protecting Endangered Species in the United States: A Historical Analysis of Reactive Environmental Law and Public Resistance

Thesis advisor: Prasannan ParthasarathiThis thesis is a historical analysis of the various modes of thinking that developed in response to the Endangered Species Act of 1973. What was originally a law that received wide support from the government and the public soon became one of the most controversial environmental laws in the United States. Utilizing congressional hearings, government records, laws, legal cases, newspaper articles, photographs, and public surveys, this study rejects the common conception that economic self-interest was the sole driver of opposition to the Act. It argues, instead, that the reactive and narrow framework of the law fueled criticism. People responded negatively to the law's lack of proactive, long-term thinking and the consequent implications for short-term economic growth. This reactive approach to environmental legislation is a common trend in the United States, continuing to fuel the political partisanship and polarization of environmental movements across the nation.Thesis (BA) — Boston College, 2024.Submitted to: Boston College. Morrissey School of Arts and Sciences.Discipline: History.Discipline: Scholar of the College