PhD Student Dominic Albino Published in Cognitive Science

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Dominic Albino, a fourth-year graduate student in the department, and co-authors Seth Frey and Paul Williams have had their paper, “Synergistic Information Processing Encrypts Strategic Reasoning in Poker,” accepted for publication in the journal Cognitive Science.

To win at poker, players must exploit public signals from opponents, but using those signals usually makes the player’s own strategy vulnerable. The paper uses 1.75 million hands of online poker data to show that winning players successfully encrypt their strategy, using their own cards like the private key in public key cryptography. By doing so, they are able to solve the problem of exploiting others while remaining protected themselves and turn uncertainty, usually considered a liability, into an advantage.

A copy of the paper may be found on Dominic Albino’s ResearchGate page.

Stamford Campus Econ Students Present at the New York Fed Challenge

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The New York FED is one of five Federal Reserve Banks that host the FED Challenge Competition. The regional winners go to the final round at the FED in Washington D.C.  College Fed Challenge is a team competition for undergraduate students. Teams analyze economic and financial conditions and formulate a monetary policy recommendation, modeling the Federal Open Market Committee.

The 5 team participants were:

Front row: Ryan Dodd,  Olga Jaramillo; Middle row: Chris McLaughlin (a two time participant), graduate assistants PD Aditya and Gul-e-Rana; Back row: Esteban Peralta, Randall Giles.

The students were assisted in their preparations by Professors Oskar Harmon, Kanda Naknoi and Steven Lanza.

The team received invaluable assistance from three graduate student assistants (PD Aditya , Di Yang, and Gul-e-Rana from the Stamford Business School MBA.

 

2018 Spring Awards Banquet

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Uconn sealOn March 29, the department convened for an awards banquet that recognized the best among undergraduate and graduate students, as well as faculty. This year’s award recipients are:

Omicron Delta Epsilon inductees:

Ryan Christopher Dodd
Liam Dorris
Matthew Gorman
Rebecca Hill
Shannon Lozier
Madeline Memoli
Alexander Rojas
Ryan Verano
Mingrui Zhou


Undergraduate Awards

Louis D. Traurig Scholarship

John Cizeski
Tyler DiBrino
Rebecca Hill
Zachary Lobman

Paul N. Taylor Memorial Prize

Steven Hashemi

Rockwood Q. P. Chin Scholarship

Matthew Edson
Harry Godfrey-Fogg
Colin Mortimer
Magda Soto-Enciso

Ross Mayer Scholarship

Matthew DeLeon

Julia & Harold Fenton and Yolanda & Augustine Sineti Scholarship

Alexander Rojas

Economics Department General Scholarship

Michelle Grieco

Kathryn A. Cassidy Economics Scholarship

Adam Vancisin
Mary F. Vlamis
Zihan Wang

Charles Triano Scholarship

Jenifer Repaci

Albert E. Waugh Scholarship

Timothy Brown


Graduate Awards

W. Harrison Carter Award

Michael DiNardi
Patralekha Ukil

Abraham Ribicoff Graduate Fellowship

Kevin Wood

Timothy A. and Beverly C. Holt Economics Fellowship

Huarui Jing
Chuang Li
Wensu Li
Shilpa Sethia
Rui Sun
Jinning Wang

Economics Department General Scholarship

Samantha Minieri

Best Third Year Paper Award

Mark McInerney
Zhonghui Zhang


Faculty Awards

Grillo Family Research Award

Stephen L. Ross

Grillo Family Teaching Award

Derek Johnson

Employee Appreciation Awards

Rosanne Fitzgerald – 20 years
Olivier Morand – 20 years
C. Paul Hallwood – 30 years

 

Congratulations to everyone!

 

Professor Miceli’s Contemporary Issues in Law and Economics

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Routledge has just published Contemporary Issues in Law and Economics by Thomas J. Miceli.

Law and economics is the field of study devoted to understanding laws and legal institutions using the tools of economic theory. This growing subject has become a mainstream area of study in both law schools and economics departments and this book explores the “law and economics” approach to some of the most interesting questions, issues, and topics in law, order, and justice.

Contemporary Issues in Law and Economics considers what economists call the “positive” analysis of the law – that is, using economic theory to explain the nature of the law as it actually exists. As part of this approach the author examines questions such as, what is the economic basis for the predominance of negligence rules in tort law? And, what is the explanation for the illegality of blackmail? Furthermore, another set of questions arises where the law seems to depart from the prescriptions of economic theory, and these issues are also examined in this volume. For example, the deeply rooted norm of proportionality between punishments and crimes, and the use of escalating penalties for repeat offenders, are both explored.

With self-contained chapters written in a non-technical style, this book offers a rigorous discussion of the above themes while remaining accessible to those without formal legal or economic training. It offers the ideal introduction to the field of law and economics while also providing a basis for students in more advanced courses.

https://www.routledge.com/Contemporary-Issues-in-Law-and-Economics/Miceli/p/book/9781138099760

Steve Ross published in REStat

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Steve Ross’s recent paper on the effect of the No Child Left Behind Act on local property values with Steve Billings and Eric Brunner was just published in the first issue of 2018 in the Review of Economics and Statistics.

In this paper, they show that property values near failing schools sometimes actually increase in value consistent with individuals moving into those neighborhoods to take advantage of the enhanced school choice opportunities available when a family’s children are assigned to a failing school.

Two Faculty Members Receive Journal of Human Resources Acceptances in the Same Month

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Professor Simon and Professor Furtado both had papers accepted at the Journal of Human Resources in the fall semester.

Professor Simon’s paper, “The Effects of Aggregate and Gender-Specific Labor Demand Shocks on Child Health,” coauthored with Marianne Page and Jessamyn Schaller, considers the relationship between local labor market conditions and child health. The paper shows that local (state level) labor market recessions that primarily affect women increase maternal time spent at home and improve child health, whereas recessions that affect men have the opposite effects. These patterns suggest that both maternal time and family income are important inputs to child health.

Professor Furtado’s paper, “Settling for Academia? H-1B Visas and the Career Choices of International Students in the United States,” coauthored with Catalina Amuedo-Dorantes, examines whether international students respond to U.S. immigration policy when making career decisions. The authors find that international students who require H-1B visas to work in the United States became more likely to pursue careers in academia -a sector not subject to H-1B visa caps- after the H-1B visa cap was lowered in 2004.

The Journal of Human Resources is a leading journal in applied microeconomics. According to the 2016 ISI Journal Citation Reports, the journal has an impact factor of 4.047. The journal’s website reports an acceptance rate of 4 percent.

 

Professor Zhao Published in Journal of Monetary Economics

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Professor Zhao’s paper “The Chinese Saving Rate: Long-Term Care Risks, Family Insurance, and Demographics” has been accepted for publication in the Journal of Monetary Economics, a top macro journal.

In this article, Professor Zhao and his coauthor find that the combination of the risks faced by the elderly and the deterioration of family insurance due to the one-child policy is an important cause of the increase in China’s saving rate since 1980. This paper is the first major paper growing out of their research agenda on the Chinese economy and its implications for the rest of the world.

Professor Zhao’s article can be found at his website:  https://sites.google.com/site/kaijackiezhao/research

Ken Couch Receives Federal Research Funding

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Professor Kenneth Couch of the University of Connecticut Department of Economics recently received Federal funding of his research regarding possible adjustments of Social Security Retirement Benefits for differential longevity.

The population of the United States is living longer but gains in longevity have been unequal across income groups and this affects lifetime benefit receipt over successive generations of Americans. Funding from the Social Security Administration supports research by Couch and his collaborators into potential approaches for adjusting benefits to account for these changes.

Professor Harmon joins the AEA Committee on Economic Education

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Professor Oskar Harmon has been invited to serve a three-year term on the American Economic Association Committee on Economic Education, ending December 31, 2020.

The Committee organizes the program for the annual Conference on Teaching and Economic Education (CTREE) and the Economic Education session for the annual ASSA meetings that goes into the AER P&P.