Psychopathology in pathological gamblers seeking treatment

High rates of psychiatric symptoms have been reported in pathological gamblers. This study of psychiatric comorbidity in pathological gamblers is the first to use structured psychiatric interviews assessing DSM-III-R Axis I and II disorders. The Structured Clinical Interview for DSM III-R (SCID-P, SCID-II) was administered to 40 (25 male, 15 male) pathological gamblers seeking outpatient treatment in Minnesota for gambling, and 64 (41 male, 23 female) controls. High lifetime rates of Axis I (92%) but not Axis II (25%) psychopathology were found in pathological gamblers as compared to controls. No differences between male and female gamblers were found in rates of affective, substance use or personality disorders. Females had higher rates of anxiety disorders and histories of physical/sexual abuse. Possible associations between psychiatric disorders and pathological gambling are discussed along with gambler typologies and implications for future research.The authors wish to gratefully acknowledge the assistance of: Gary Christenson, M.D., Carol Peterson, Ph.D., William Meller, M.D., Thomas Mackenzie, M.D.     

Reports of childhood sexual abuse by adolescents and young adults: stability over time

The consistency of childhood sexual abuse (CSA) reporting was explored in this study. Two-hundred seventeen adolescents and young adults (ages 14-24) enrolled in urban health care clinics completed self-report questionnaires assessing CSA and other problem behaviors at enrollment and at 7 months. Results indicated that the stability of CSA self-report at two time points was poor (58% consistent nonreporters of CSA, 20% consistent reporters, 22% inconsistent reporters). Consistent and inconsistent reporters were differentiated on risk measures. Adolescents who endorsed more items from the CSA scale were five times more likely to be consistent reporters. In sum, adolescent CSA reporting was quite inconsistent over time. Using multi-item scales and assessing CSA at two time points enhances accuracy of reporting.     

Econometric reviews

New approaches to Modeling, Specification Selection and Econometric Inference, edited by W. A. Barnett and A. R. Gallant.     

Deterrence, expected cost, uncertainty and voting: Experimental evidence

We conduct laboratory experiments to investigate the effects of deterrence mechanisms under controlled conditions. The effect of the expected cost of punishment of an individual’s decision to engage in a proscribed activity and the effect of uncertainty on an individual’s decision to commit a violation are very difficult to isolate in field data. We use a roadway speeding framing and find that (a) individuals respond considerably to increases in the expected cost of speeding, (b) uncertainty about the enforcement regime yields a significant reduction in violations committed, and (c) people are much more likely to speed when the punishment regime for which they voted is implemented. Our results have important implications for a behavioral theory of deterrence under uncertainty.     

Strike Lengths: Correcting for Prestrike Announcements and the Ratio of Bargaining Size to Firm Size

Anticipating the duration of a labor strike can be vital for both sides of the dispute, as well as outside observers. The methods of a pair of studies using Canadian data are surveyed to analyze labor strikes in the United States from 1992 to 2008. Corrections are made for strikes with predetermined lengths (“one-day” strikes and the like), whose durations are more a function of the prior announcements than of other factors, such as number of employees striking and macroeconomic conditions. Strikes are found to be generally shorter when the striking unit represents a larger portion of the firm’s total workers, a proxy for its bargaining power. This ratio provides a better understanding of the strike dynamics (including expected length) than do sheer bargaining unit size or sheer firm size.     

Altruism and Market-Like Behavior: An Analysis of Willingness to Pay for Recycled Paper Products

The contrast between self-interested behavior guided by rational choice and altruistic behavior guided by normative considerations is a central theme in the social sciences. This study suggests that market and market-like behavior, the context where self-interest is expected to dominate, is in fact often motivated by altruism. This argument is tested by examining a willingness to pay measure, a surrogate for the market that is finding substantial use in analyses of public policy. In particular, the ability of the Schwartz model of altruism to explain willingness to pay for recycled products is examined. Findings indicate that even as the Schwartz model has explained many purely altruistic behaviors, it also can explain self-reported willingness to pay. While economists often have noted the importance of rational choice in even the most intimate of human decisions, this study notes the importance of normative altruism in even the most calculated.     

SexualPrejudice and Gender: Do Heterosexuals' Attitudes Toward Lesbians and Gay Men Differ?

This article explores the question of whether and how heterosexuals' attitudes toward lesbians differ from their attitudes toward gay men. Data from a 1997 national survey are presented to show that heterosexual women generally hold similar attitudes toward gay men and lesbians, whereas heterosexual men are more likely to make distinctions according to gender. Moreover, men's attitudes toward lesbians are susceptible to situational manipulations. Nevertheless, the underlying unity of attitudes toward lesbians and gay men is demonstrated by the fact that they are highly correlated for both heterosexual men and women. It is suggested that heterosexuals' attitudes toward gay people are organized both in terms of minority group politics and personal sexual and gender identity and that attitudes toward lesbians are most likelyto be differentiated from attitudes toward gay men in the latter realm.     

Life satisfaction and family strengths of older couples

The purpose of this study was to examine the relation between family interaction quality of married elderly and their offspring and life satisfaction of older persons. Information was obtained by means of mailed questionnaires completed by both spouses of 68 married, retired couples living in Georgia and North Carolina who were identified through churches, senior centers, and congregate housing units and through personal contacts. For the total sample, health status was the strongest predictor of life satisfaction followed by certain family strengths factors and job prestige, respectively. Males and females differed concerning which variables contributed most to explaining variance in life satisfaction. Variance in life satisfaction of males was best explained by job prestige, family strengths, and financial help given. Variance in life satisfaction of women was best explained by their perception of their health, family strengths, and job prestige.     

Risk premiums in asset prices and returns

We review recent research on time-varying risk premiums, including attempts to explain rejections by baillie and others of the unbiasedness hypothesis. Using spot and forward foreign exchange rates we discuss the evidence for time-varying risk premiums, relate it to general equilibrium theories of asset pricing, and describe the artificial economy methodology.