Why States Save: Using Evidence to Inform How Large Rainy Day Funds Should Grow

As revenue and spending pressures shift along with the booms and busts of the economy, states stand to benefit from the additional flexibility provided by robust rainy day funds to smooth over unexpected bumps in the road. But absent a clear purpose for saving, some states also find it extremely difficult to set a meaningful savings target, which can confound their efforts to manage the budgetary ups and downs of economic activity.This report examines how state policymakers should design their funds to help inform an optimal savings target. It analyzes existing guidelines -- set in statutory or constitutional language -- around the management of rainy day funds and offers key questions to consider while crafting such guidelines

The Persistence of Common-Ratio Effects in Multiple-Play Decisions

People often make more rational choices between monetary prospects when their choices will be played out many times rather than just once. For example, previous research has shown that the certainty effect and the possibility effect (two common-ratio effects that violate expected utility theory) are eliminated in multiple-play decisions. This finding is challenged by seven new studies (N = 2391) and two small meta-analyses. Results indicate that, on average, certainty and possibility effects are reduced but not eliminated in multiple-play decisions. Moreover, in our within-participants studies, the certainty and possibility choice patterns almost always remained the modal or majority patterns. Our primary results were not reliably affected by prompts that encouraged a long-run perspective, by participants’ insight into long-run payoffs, or by participants’ numeracy. The persistence of common-ratio effects suggests that the oft-cited benefits of multiple plays for the rationality of decision makers’ choices may be smaller than previously realized

The Persistence of Common-Ratio Effects in Multiple-Play Decisions

People often make more rational choices between monetary prospects when their choices will be played out many times rather than just once. For example, previous research has shown that the certainty effect and the possibility effect (two common-ratio effects that violate expected utility theory) are eliminated in multiple-play decisions. This finding is challenged by seven new studies (N = 2391) and two small meta-analyses. Results indicate that, on average, certainty and possibility effects are reduced but not eliminated in multiple-play decisions. Moreover, in our within-participants studies, the certainty and possibility choice patterns almost always remained the modal or majority patterns. Our primary results were not reliably affected by prompts that encouraged a long-run perspective, by participants’ insight into long-run payoffs, or by participants’ numeracy. The persistence of common-ratio effects suggests that the oft-cited benefits of multiple plays for the rationality of decision makers’ choices may be smaller than previously realized

Systematic evaluation of psychometric characteristics of the michigan alcoholism screening test 13-Item short (SMAST) and 10-Item brief (BMAST) versions

The psychometric properties of the Michigan Alcohol Screening Test (MAST) 13-item short (SMAST) and 10-item brief (BMAST) versions were aggregated and synthesized across 40 and 21 studies, respectively. Results for reliability, validity, and nonclinical descriptive statistics were reported separately for the SMAST and BMAST, and implications for counseling practice and research were discussed.WOS:000455237000002Scopus - Affiliation ID: 60105072Social Sciences Citation IndexQ3 - Q4ArticleUluslararası işbirliği ile yapılan - EVETOcak2019YÖK - 2018-1

Career Development Quarterly (CDQ) Publication Pattern Review: A Meta-Study of Author and Article Characteristics.

Patterns of articles published in The Career Development Quarterly (CDQ) from 1990 to 2011 were reviewed in this metastudy. Author characteristics (e.g., gender, employment setting, nation of domicile) and article characteristics (e.g., topic, type, design, sample, sample size, participant type, statistical procedures and sophistication) were described and analyzed for trends over time. Significant changes were noted in increased proportions of female authors, international contributors, research articles, more sophisticated research designs, and decreased numbers of practitioner-authors. These trends highlight a robust journal that continues to evolve to address changing career development and counseling challenges