4,300 research outputs found

    Plane turbulent buoyant jets. Part 1. Integral properties

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    An integral technique suggested for the analysis of turbulent jets by Corrsin & Uberoi (1950) and Morton, Taylor & Turner (1956) is re-examined in an attempt to improve the description of the entrainment. It is determined that the hypothesis of Priestley & Ball (1955), that the entrainment coefficient is a linear function of the jet Richardson number, is reasonable, and that two empirically determined plume parameters are sufficient to describe the transition of buoyant jets to plumes. The results of a series of experiments in which both time-averaged velocity and time-averaged temperature profiles were recorded in a substantial number of plane turbulent buoyant jets of varying initial Richardson numbers are used to verify the basic ideas. In addition, measurements of the mean tracer flux in a series of buoyant jets indicate that as much as 40% of the transport in plumes is by the turbulent flux

    Unique Virtues of Plurality Rule: Generalizing May's Theorem

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    May's theorem famously shows that, in social decisions between two options, simple majority rule uniquely satisfies four appealing conditions. Although this result is often cited as a general argument for majority rule, it has never been extended beyond pairwise decisions. Here we generalize May's theorem to decisions between many options where voters each cast one vote. We show that, surprisingly, plurality rule uniquely satisfies May's conditions. Our result suggests a conditional defense of plurality rule: If a society's balloting procedure collects only a single vote from each voter, then plurality rule is the uniquely compelling procedure for electoral decisions. First version: 15 September 2004; this version version 22 December 2005.May's theorem, plurality rule, simple majority rule

    Field Experiments on Anchoring of Economic Valuations

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    A pillar of behavioral research is the view that preferences are constructed during the value elicitation process, but it is unclear whether, and to what extent, such biases influence real market equilibria. This paper examines the “anchoring” phenomenon in the field. The first experiment produces evidence that inexperienced consumers can be anchored in the value elicitation process, yet there is little evidence that experienced agents are influenced by anchors. The second experiment finds that anchors have only transient effects on prices and quantities traded: aggregate market outcomes converge to the intersection of supply and demand after a few market periods.field experiment, anchoring, valuation, experience

    A Plan for Small Group Discussion

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    Participation Training for Adult Education, written by Indiana University professors Paul Burgevin and John McKinley, describes in detail a unique small group discussion model. Certain aspects of this discussion technique have been found to be quite applicable to community problems that require thorough discussion by citizen groups before decisions are made and action is taken. The procedure allows for a certain amount of flexibility but demands logical thinking and orderly consideration of the items chosen for discussion. In this way, less time is wasted on extraneous matters and the group can better focus on the major issues at hand. Such an adaptation might resemble the following example.Reviewed October 1993

    A two-dimensional sink in a density-stratified porous medium

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    A solution is offered for the flow induced by a two-dimensional line sink in a saturated, density-stratified porous medium. It is found that fluid is selectively withdrawn from a thin layer at the elevation of the line sink and not from the entire medium. The velocity distributions predicted by the theory are checked by experiments in a Hele–Shaw cell and good agreement found

    Rural Neighborhoods for Crime Prevention

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    There is increasing concern throughout the state for the growing incidence of burglary, theft and vandalism in rural areas. Whatever the reasons, these crimes have increased sharply in the past few years. Rural residents are taking steps to assist law enforcement officials to deal with this growing problem. These efforts have come to be known as neighborhood crime prevention or neighborhood crime watches.Reviewed October 1993

    Information Cascades: Evidence from An Experiment with Financial Market Professionals

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    Previous empirical studies of information cascades use either naturally occurring data or laboratory experiments with student subjects. We combine attractive elements from each of these lines of research by observing market professionals from the Chicago Board of Trade (CBOT) in a controlled environment. As a baseline, we compare their behavior to student choices in similar treatments. We further examine whether, and to what extent, cascade formation is influenced by both private signal strength and the quality of previous public signals, as well as decision heuristics that differ from Bayesian rationality. Analysis of over 1,500 individual decisions suggests that CBOT professionals are better able to discern the quality of public signals than their student counterparts. This leads to much different cascade formation. Further, while the behavior of students is consistent with the notion that losses loom larger than gains, market professionals are unaffected by the domain of earnings. These results are important in both a positive and normative sense.

    Is the Endangered Species Act Endangering Species?

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    We develop theory and present a suite of theoretically consistent empirical measures to explore the extent to which market intervention inadvertently alters resource allocation in a sequentialmove principal/agent game. We showcase our approach empirically by exploring the extent to which the U.S. Endangered Species Act has altered land development patterns. We report evidence indicating significant acceleration of development directly after each of several events deemed likely to raise fears among owners of habitat land. Our preferred estimate suggests an overall acceleration of land development by roughly one year. We also find from complementary hedonic regression models that habitat parcels declined in value when the habitat map was published, which is consistent with our estimates of the degree of preemption. These results have clear implications for policymakers, who continue to discuss alternative regulatory frameworks for species preservation. More generally, our modeling strategies can be widely applied -- from any particular economic environment that has a sequential-move nature to the narrower case of the political economy of regulation.

    An exact solution for a diffusive flow in a porous medium

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    It is shown that Yih's exact solution for the non-diffusive flow of a non-homogeneous fluid into a sink in a confined porous medium is equivalent to a class of diffusive flows with isopycnic lateral boundaries
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