Social and Behavioral Sciences Commons^™

Deinstitutionalization And Its Discontents: American Mental Health Policy Reform, Olga Loraine Kofman

CMC Senior Theses

In 1963, President John F. Kennedy signed the Mental Retardation and Community Mental Health Centers Construction Act, establishing the beginnings of deinstitutionalization in the United States. By some counts, this Act was a stupendous policy success—by others, a dismal failure. 50 years later, no cohesive national mental health care policy has emerged to deal with increased rates of mental illness among the homeless and the incarcerated. However, California has made enormous strides to create a state policy which provides adequate services to the mildly, moderately, and severely mentally ill as well as adequate funding for those services through Proposition 63, …

Examining The Role Of Immigration In Crime Decline Across United States Cities, Brianna J. Losoya

CMC Senior Theses

Despite previous research in this area, the relationship between immigration and crime in the United States remains ambiguous and surrounded by misconceptions. However, recently, scholars have suggested that, despite the claims of policy-makers and popularized sociological theories, large immigrant concentrations may be linked with lower as opposed to higher crime rates. In the past, research in this area has been imprecise due to it its implementation of cross-sectional analyses for a limited selection of geographic regions. However, through the implementation of time-series procedures and the use of annual data for metropolitan statistical areas during the 2005–2010 periods, the present study …

A Historical Review Of Five Of The Top Fast Food Restaurant Chains To Determine The Secrets Of Their Success, Alex Leon Lichtenberg

CMC Senior Theses

The primary goal of this paper is to critically examine five of the top nine US fast food chains to look at their history and to determine what factors have lead to their massive success. The companies that will be analyzed include: McDonald's, Taco Bell, Kentucky Fried Chicken, Domino's Pizza, and Subway. Similarities and differences of these companies are compared and contrasted throughout the paper and clearly demonstrate how each company has managed to capture and maintain major market share in their respective food categories. Areas that are examined range from product quality to to business models to consumer psychology. …

Finding Profitability Of Technical Trading Rules In Emerging Market Exchange Traded Funds, Austin P. Hallett

CMC Senior Theses

This thesis further investigates the effectiveness of 15 variable moving average strategies that mimic the trading rules used in the study by Brock, Lakonishok, and LeBaron (1992). Instead of applying these strategies to developed markets, unique characteristics of emerging markets offer opportunity to investors that warrant further research. Before transaction costs, all 15 variable moving average strategies outperform the naïve benchmark strategy of buying and holding different emerging market ETF's over the volatile period of 858 trading days. However, the variable moving averages perform poorly in the "bubble" market cycle. In fact, sell signals become more unprofitable than buy signals …

The Origins Of The Italian Sovereign Debt Crisis, David M. Henningsen

CMC Senior Theses

Over the past decade, the European Union has been characterized by an explosion of expenditure, insufficient revenue, high deficits and a lack of budget discipline. Financial markets in Europe are currently dealing with enormous government debts, poor government balance sheets and a weakening banking system. The purpose of this paper is to investigate the origins of the current Euro-crisis and specifically identify the extent to which it will affect the nation of Italy going forward. To understand Italy's stance amid the Euro-crisis, we proceed as follows: First, a historical background section will develop the fundamental issues that have developed in …

Understanding And Exploring Narcissism: Impact On Students And College Campuses, Emily J. Hudson

CMC Senior Theses

"Narcissist" is a term that may be used lightly to describe or label someone that is self-centered. However, research that suggests a possible increase in narcissistic personality tendencies among college-aged American students has a very real and serious impact on society. The goal of this paper is to examine the evolution of the concept of narcissism and its detrimental effects on society. This will then be applied to the impact that narcissism has on college students and campus environments. It is important to note that individuals high in narcissistic traits encounter many problems including difficulties with interpersonal and professional relationships, …

Does A Change In A Logo Affect The Value Of The Brand? The Case Of Starbucks, Brittany Isobe

CMC Senior Theses

When the first Starbucks opened in 1971, not even the founders expected that just two decades later, it would become one of the strongest international corporations. Starbucks has experienced unprecedented growth and unfathomable success. The company grew from 17 stores in the company’s founding years to approximately 17,000 stores across 55 countries just 40 years later.1 According to the corporate website, the Starbucks mission is “to inspire and nurture the human spirit – one person, one cup, and one neighborhood at a time”.2

In order to fulfill their mission statement, Starbucks has to mold their company to align with the …

Prose And Polarization: Environmental Literature And The Challenges To Constructive Discourse, Paige E. Costello

CMC Senior Theses

This work explores how authors employ literary modes to persuade readers towards one side or another of the environmental debate and whether the works promote constructive discourse on environmental issues. It uses two seminal works from each side of the environmental discourse, Silent Spring and The Population Bomb and The Ultimate Resource and The Skeptical Environmentalist, to analyze stylistic differences and similarities, to compare public reception, and to explain the increasing polarization of environmental discourse.

Aggregated Versus Disaggregated Forward Looking Information: Effects On Risk Taking, Rishabh Parekh

CMC Senior Theses

In previous research, aggregation of returns has been found as a way to counteract the risk averse behavior that is the result of investors' myopia. This paper expands the study of aggregation by analyzing its effect on forward looking probabilities. Namely, through the disaggregation of future information, subjects become myopic and trade with varying risk preferences. In an experimental market, subjects trading securities with disaggregated forward looking information are found to 'buy high and sell low', while subjects trading the same securities, but with aggregated information, trade with more consistent risk preferences.

A Bass Diffusion Model Analysis: Understanding Alternative Fuel Vehicle Sales, Michael H. Shoemaker

CMC Senior Theses

Frank M. Bass developed the Bass Diffusion Model to predict how innovative consumer durable products diffuse through consumer markets. This thesis will use data from 1999-2011 to examine the applicability of the Bass Diffusion Model to the introduction of alternative fuel vehicles (AFVs) in the automobile market. The findings in this thesis indicate the Bass Diffusion Model fit the diffusion pattern exhibited by AFVs well, but failed to accurately forecast diffusion patterns outside a given range of data. This thesis investigates potential reasons for the inaccurate 'Out of Sample Forecast', and gives recommendations for directions of future research on AFV …

Les Ambitions De Sarkozy Et Le Leadership Francais Dans L'Intervention En Libye De 2011, Heather Annette Siegel

CMC Senior Theses

En mars 2011, la communauté internationale s'est réunie pour soutenir les ambitions démocratiques des manifestants libyens et pour s'opposer vigoureusement à la violence perpétrée par Kadhafi contre son peuple. Nicolas Sarkzoy, président de la République française, a joué un rôle clé dans les négociations qui ont entraîné la mise en place d'une zone d'exclusion aérienne et le lancement d'une opération militaire pour protéger les populations civiles en Libye. Cette thèse examine les ambitions de Sarkozy et le leadership diplomatique qu'il a démontré entre le déclenchement des révoltes en Libye et le prise en charge de l'opération militaire par l'Otan. Elle …

The Politics Of Physical Education Reform, Ari Zyskind

CMC Senior Theses

The purpose of the paper is to determine why today's youth are so physically inactive by examining the role and efforts of physical education, and the state and federal governments responsibility in supporting these programs, in fighting today's obesity epidemic by creating generations of healthy and physically active children. Research led to the determination that states have failed to maintain and improve physical education resulting in a physically inactive youth. Therefore, the nation should look to federal legislation to support state-led physical education, which this paper found to be constitutional if the enactments followed the provisions established in South Dakota …

The Disappearing Middle Class: Implications For Politics And Public Policy, Trevor Richard Beltz

CMC Senior Theses

What does it mean to be middle class? The majority of Americans define themselves as members of the middle class, regardless of their wealth. The number of Americans that affiliate with the middle class alludes to the idea that it cannot be defined simply by level of income, number of assets, type of job, etc. The middle class is a lifestyle as much as it is a group of similarly minded people, just as it is a social construct as much as it is an economic construct. Yet as the masses fall away from the elite, and changes continue to …

Weiser Carrots And Sticks: Motivation Beyond Money At The Shakedown Café, Julian A. Martinez

CMC Senior Theses

It is generally assumed that monetary incentivization is the most effective means of motivating organizationally-beneficial behaviors. Individuals, under this line of thought, pursue their own objective self-interest above all else. However, evidence is being uncovered that indicates that human motivation may be a much more complicated facet of the human psyche. The purpose of this study is to examine the deeper underpinnings that drive people work that might lie beyond financial rewards. In order to do this, the Shakedown Café, a student-run restaurant on Pitzer College’s campus, will be examined. This specific organization is of particular interest because it does …

The Effect Of Executive Compensation On Firm Performance Through The Dot-Com Bubble, Maxwell J. Chambers

CMC Senior Theses

This thesis examines firm performance through the dot-com bubble through the lens of executive compensation. Hypotheses based on the theoretical literature of Bolton, Scheinkman and Xiong (2006) as well as Bertrand and Mullainathan (2001) in regards to management compensation in a speculative bubble motivate three regression models with differing market-cap-growth based dependent variables and specific compensation variables. Regression analyses test the models using public compensation and security data from S&P's Execucomp and Compustat databases. Synthesizing regression results show that stock option vesting schedules and executives' status on the board of directors may significantly affect firm performance through the dot-com bubble, …

The Earning Gap Of Criminality: Effects Of Stigma, Length And Form Of Incarceration, Matthew P. Laredo

CMC Senior Theses

This paper shows that criminality causes a significant decrease in the earning potential of individuals. In addition, there is evidence to support that criminality has the same negative effect on earnings regardless of type of sentencing, whether probation or incarceration. Previous studies indicate that ex-convicts do not benefit from in-prison based programs. The purpose of this paper is to identify the short-term earning differentials between offenders and their law-abiding counter parts and offer insight as to how this can affect recidivism. Research shows that recidivists suffer the largest wage differentials, which significantly lowers their employment utility. This reduction of labor …

Who's Afraid Of The Patent Trolls? Assessing The Market Impact Of Landmark Patent Troll Litigation Outcomes, Xiaotong Li

CMC Senior Theses

Patent trolls have changed the innovation and patent policy landscape. This thesis is an empirical event study that focuses on two landmark cases of patent troll litigation, RIM v. NTP and eBay v. Mercexchange, to determine whether pro-troll litigation outcomes significantly impact the market values of the firms in the high-tech industries they target. I find that the Supreme Court ruling in eBay v. Mercexchange did seem to significantly impact a proportion of firms in the market. The decisive factors in distinguishing affected vs. unaffected firms include a firm's R&D to Sales ratio, market value, and NAICS code specification.

A Study Of Minor League Baseball Prospects And Their Expected Future Value, Jay Lyon Tymkovich

CMC Senior Theses

This thesis will examine highly rated Minor League baseball players and how they subsequently perform in their Major League careers. Specifically, this study has collected data on over 800 players ranked on the prospect lists of Baseball America, Baseball Prospectus, and John Sickels. Using regression analysis, I have examined the correlation between ranking and future performance, as well as studying other factors like position and age to determine if there are common characteristics to successful prospects.

The Fulbright Program's Contemporary Relevance, Julia Catherine Starr

CMC Senior Theses

The most valuable contribution of the Fulbright Program, at its founding in 1946 and today in 2012, remains its ability to inculcate mutual understanding, which represents a vital component in the success of multilateral cooperation necessary to create a secure and thriving international community. During the Cold War, promoting mutual understanding was valued for its ability to share the ideals and benefits of American democracy and create strong relationships between Americans and foreigners in direct competition with the Soviet Union’s projection of communist ideology. This thesis demonstrates how, through the lenses of leadership, multiculturalism, soft power, and public diplomacy, the …

Candidates, Campaigns, And Political Tides: Electoral Success In Colorado's 4th District, Megan Gwynne Maccoll

CMC Senior Theses

The race between Republican Cory Gardner and Democratic incumbent Betsy Markey for Colorado's 4^th Congressional District was a partisan fight for political momentum. In the 2010 campaign cycle, Republicans looked to retake the historically Republican 4^th District as part of a national strategy to win back the U.S. House, while Democrats tried desperately to hold on to both. Cory Gardner was only one of fifty-four Republican challengers to defeat a Democratic incumbent in 2010, but the Gardner-Markey race is particularly interesting as a case study of voter motivation and the mediating forces, both regional and national, that influence …

Tibetan Buddhism And The Chinese Communist Party: Moving Forward In The 21st Century, Evan Zwisler

CMC Senior Theses

I examine the state of Tibetan Buddhism that exists in China in the 21st century and what are the best methods to increase religious freedom and political autonomy. I look at what cause China and Tibet to reach this point, and why do the respective nations do what they do. Man people fundamentally misunderstand the reasons why the Chinese Communist Party oppresses Tibetan Buddhism; they aren't concerned with eradicating religion, they want to simply maintain longterm political legitimacy in Tibet.

How To Pick A Running Mate: Rethinking The Vice Presidential Selection Process And Criteria, Jake A. Petzold

CMC Senior Theses

Over the course of American history, the vice presidency has evolved into a meaningful and influential part of the executive branch, and running mates have become an important part of presidential elections. But scholars, pundits, and political professionals continue to discuss and evaluate vice presidential selection in an outdated framework that now borders on superstition. Now that presidential nominees have sole authority to choose their running mates and the resources to take care in the process, voters demand that they do so. The modern presidential nominee should undertake a serious and methodical research and decision-making process, and should choose a …

An Economic Analysis Of Foreign Ownership In Professional Sports: Motivation, Success, And Implications For United States Market, Alex F. Wheatley

CMC Senior Theses

An economic analysis of foreign ownership in sports. Focusing on the English Premier League, National Basketball Association, and Major League Baseball.

Social Network: The Case Of Major League Soccer And Facebook Likes, Rachel C. Bunting

CMC Senior Theses

The rise of Major League Soccer in the United States has taken place during an influential spread of social media. This paper conducts an empirical analysis of the effects of several variables on the Facebook "likes" of individual Major League Soccer Facebook homepages. Variables from previous sport demand studies are re-analyzed and applied in this study to determine similarities and differences to Facebook "likes". Results from the analysis indicate social media is affected differently than attendance rates. Facebook "likes" are most affected by population size, unemployment and Hispanic composition as well as player salary rather than wins or attendance.

The Role Of The King In The Democratic Transition In Thailand, Elizabeth A. Van Buskirk

CMC Senior Theses

This thesis examines the traditional role of a monarchy in processes of democratization. This thesis evaluates this theory by examining the case of the democratization process in Thailand and the role of the current King in that process.

Individual Vs. Aggregate Decision Making – Diversification Discount, Sze Wai Yuen

CMC Senior Theses

This paper studies via experimental setting whether diversification discount exists and what factors affect the magnitude of the discount. The results suggest that experience before decision increases the likelihood of exercising the real option of conglomerates. People are also more likely to convert if it is less risky to do so.

California's War Over The Bay-Delta: Historic Failures And Current Battles, Jessica J. Mao

CMC Senior Theses

California has one highly-coveted possession: the Bay-Delta, which is the second largest estuary in the United States. Today, tensions are higher than ever as Southern California continues to grow and demand water from the Delta, agriculture suffers from drought and less-than-promised water allocations, and aquatic life diminishes due to environmentally damaging processes like pumping and exporting of water elsewhere. This paper will examine the historic policies that have shaped how the Delta has been managed, their successes and failures, and current plans in discussion for continuing improvement of the Delta. The Bay-Delta Conservation Plan and the Sacramento-San Joaquin Valley Water …

A Study In Market Micromanagement: The Asymmetrical Effects Of The 2008 Short Sale Ban On Stocks With And Without Traded Options, James W. Weyerhaeuser

CMC Senior Theses

This study provides an empirical analysis of the 2008 short sale ban. The evidence suggests that the presence of tradable options plays a crucial role in determining the effect of a short sale ban. Results show that if there are no traded options on a stock, the short sale ban brought abnormal returns of roughly +8%. However if there are traded options on a stock, the market maker exemptions nullify the positive effects of the ban. Furthermore, for the banned stocks that do experience positive abnormal returns during the ban, the lifting of the ban causes a prompt reversal of …

"Sell Or Slaughter": The Economic And Social Policies Of German Reunification, Saraid L. Donnelly

CMC Senior Theses

This paper looks at the struggles faced by German policymakers in the years following reunification. East Germany struggled with an immediate transformation from a planned economy to a social market economy, while West Germany sent billions of Deutsche Marks to its eastern states. Because of the unequal nature of these two countries, policymakers had to decide on what they would place more emphasis: social benefits for the East or economic protection for the West. The West German state-level, Federal Government and the East German governments struggled in finding multilaterally beneficial policies. This paper looks at the four key issues of …

Egypt At A Crossroads: An Analysis Of Morsi's Strategies Of Military Control In The Post-Revolutionary State, Emma H. Macfarlane

CMC Senior Theses

Following Tunisia, Egypt was the second Arab nation to engage in the Arab Spring, as massive civil uprisings in protest of its former repressive dictator Hosni Mubarak succeeded in toppling his regime after thirty years of rule. After seventeen months of military rule in the period following Mubarak’s fall, Mohamed Morsi, a member of Egypt’s Muslim Brotherhood, was elected the fifth president of Egypt. Morsi is Egypt’s first civilian president. Ever since the Free Officers Revolution of 1952, Egypt has been ruled by a succession of military leaders, including Gamal Abdel Nasser, Anwar Sadat, and Hosni Mubarak. Consequently, political and …