This paper analyses the issue of balancing the gains from trade with the risk of pest and disease transference. Two decision frameworks for determining whether or not to permit trade in a potentially invasive species-carrying good are presented. The first considers only the potential production...

Quarantine trade restrictions enforced on agricultural commodities are both a safety measure and a form of subsidy to local producers. With appropriate strategies in place the risk posed to domestic production systems from exotic pests and diseases is reduced. This often means importers of...

This paper explores the use of the anchoring and adjustment heuristic by decision makers in a financial market; in particular, the degree to which horserace bettors anchor their probability judgments on the advantage afforded by a horse's barrier-position. The results suggest that under certain...

This paper reports the integration experience of ethnic Chinese business people as they search for a sense of place in their host country, Australia. Data were obtained from semi-structured interviews with 30 ethnic Chinese business owners in the city of Brisbane. The respondents collectively...

University of Minnesota M.A. thesis. May 2011. Major: Human Resources and Industrial Relations. Advisor: Avner Ben-Ner. 1 computer file (PDF); vi, 44 pages, appendices 1-2.

A naturalistic study was employed to explore a new form of “basic anchoring.” In particular, we examined the degree to which decision makers in a financial market, the horserace betting market, anchored their probability judgments excessively on a factor present in the environment at the...

Prior studies found that analyst forecast dispersion predicts future market returns. Some prior studies attribute this predictability to the short-sale constraints in the market according to the overpricing theory. Using the U.S. data from 1981 to 2014, we find that the return predictive power...