17 research outputs found

    Investing in March Madness: An Examination of The Relationship Between Sports Betting and Portfolio Construction

    No full text
    This study focuses on three basic ideas: (1) sports betting should be considered an asset class; (2) sports betting contests, with two teams or contenders, are well described by a recently introduced probability distribution, the generalized Poisson binomial (GPB) distribution; and (3) Modern Portfolio Theory (MPT), Post-Modern Portfolio Theory (PMPT), and the Kelly criterion can be applied to yield optimal risk-return portfolios in such two contender environments. For the PMPT application, a unique quadratic-binary programming model is developed. March Madness data, based on the NCAA men’s annual championship basketball tournament, will provide examples of these portfolio theory approaches

    THE PROBABILITY OF PLACEMENT BY THE PUBLIC EMPLOYMENT SERVICE

    Get PDF
    In a typical year, the United States Employment Service places over 4 million persons from among 16 million applicants. This investigation of which applicants are most likely to be placed shows that placement occurs in two labor market segments, corresponding roughly to the primary and secondary labor markets described in the economic literature. The equity and efficiency implications o f devoting a substantial percentage o f Employment Service resources t o secondary labor market placements are considered. Several states currently use Employment Service data as a source of local labor market information. An argument is made that these states are misusing this data and suggestions for improvements are offered. Copyright 1984 by The Policy Studies Organization.

    WHY LEARNING STYLES MATTER FOR STUDENT ACHIEVEMENT IN COLLEGE ECONOMICS

    No full text
    This paper explores the link between student achievement and student learning styles in a college microeconomics course, based on the Dunn and Dunn model of learning styles. The Productivity Environmental Survey (PEPS) is utilized to measure learning style preferences for twenty elements. Factor analysis is applied to reduce the multidimensional preferences to a smaller set of common factors that identify analytic, global or indifferent learning styles. The common factors are used as explanatory variables to measure the correlation between student achievement and their learning styles. The empirical methodology developed in this study also provides a test of the internal validity of the Dunn and Dunn model, the construct validity of the PEPS instrument and the predictive validity of the model. The authors explain how the results of the current research could be utilized to more generally enhance student achievement in the instruction of introductory economics and potentially other subject matter.

    THE PROBABILITY OF PLACEMENT BY THE PUBLIC EMPLOYMENT SERVICE

    No full text
    In a typical year, the United States Employment Service places over 4 million persons from among 16 million applicants. This investigation of which applicants are most likely to be placed shows that placement occurs in two labor market segments, corresponding roughly to the primary and secondary labor markets described in the economic literature. The equity and efficiency implications o f devoting a substantial percentage o f Employment Service resources t o secondary labor market placements are considered. Several states currently use Employment Service data as a source of local labor market information. An argument is made that these states are misusing this data and suggestions for improvements are offered. Copyright 1984 by The Policy Studies Organization.
    corecore