A reconstruction of Jeffrey's notion of ratifiability in terms of counterfactual beliefs

We formalize Jeffrey's (1983) notion of ratifiability and show that the resulting formal structure can be obtained more directly by means of a theory of counterfactual beliefs. One implication is that, under the appropriate formalizations, together with certain restrictions on beliefs, Bayesian decision theory and causal decision theory coincide.     

Call for Papers Special Issues of Social Indicators Research on the Quality of Life in Korea

Social Indicators Research -     

Black-white differentials in infant mortality in the south, 1940–1970

Demography - This paper examines the trends and variations in the black-white differentials in infant mortality in ten selected Southern states during the 1940–1970 period. The patterns...     

The role of impulsivity,cognitive bias,and reasoned action in understanding college student gambling

Factors related to gambling behavior among college students in the USA are examined by applying the theory of reasoned action (TRA) and incorporating the concepts of impulsivity and cognitive bias. This study uses a broader approach to analyze gambling behavior by including financial behavior variables using ordinary least squares (OLS) and logistic regressions. The survey data were collected through a self-administered online questionnaire of college students from 19 colleges and universities in the fall of 2010. With a sample of 5024 college students, a majority of the respondents (84.45%) in this study report that they did not gamble in the last 30 days. The results of multivariate analysis indicate that gambling is related to attitudes toward gambling, cognitive bias toward gambling, subjective norms of family members regarding financial behavior, and impulsivity. Underestimation of financial behavior (cognitive bias toward financial behavior) was found to be associated with only gambling frequency but not gambling propensity.     

Parenting and child experiences in shelter: A qualitative study exploring the effect of homelessness on the parent–child relationship

Depending on the data source, between half a million and 2.48 million children in families experience homelessness each year in the United States. Recent data suggest that approximately half of all homeless children are under the age of 6. A considerable body of quantitative research has documented the occurrence of poor outcomes associated with childhood homelessness in the domains of social–emotional development, physical and behavioral health, academic achievement, and family stability. This qualitative study presents results from 19 interviewers with formerly homeless parents reflecting upon how the experience of being homeless affected their young children and their ability to parent. Findings are contextualized within an attachment perspective. Parental reported effects included confusion, sadness, anxiety or depression, withdrawal, lack of appetite, aggression, and disregard for authority. Parents also talked about the disempowering experience of parenting while in shelter. Unexpectedly, parents of infants said their children were not affected by homelessness, and few parents identified the need for mental health services for their children. The experiences of parents with whom we spoke provide invaluable insight into what shelter staff, social service agencies, philanthropy, policymakers, and researchers can do to support and respect the parent–child relationship in families who are experiencing homelessness.     

Precarious work: A global perspective

Precarious work is universal, though its forms and consequences vary across countries due to institutional, cultural, and historical differences. This article reviews recent research on precarious work from a global perspective, emphasizing the comparative and interdisciplinary research needed for a comprehensive understanding of the structural transformations in contemporary capitalism that promote precarious work. The article has three foci. First, research that details the diverse forms of precarious work, which have become increasingly heterogeneous as national labor markets have been interwoven with global production networks. Second, research on precarious work that emphasizes its disparate impacts for women, youth, the elderly, racial and ethnic minority groups, and migrants, revealing an articulation of precarity and social cleavages. Third, research on the politics associated with precarious work and how some precarious workers have successfully organized and mobilized their interests, such as by unionizing and becoming involved in electoral politics. Still, questions remain regarding precarious work: how precarious workers differ from regular workers in representing their interests and demands and whether precarious workers are a new, independent social class or remain part of a changing working class. Finally, topics for future research on the global dimensions of precarious work are discussed.     

Disclosures and Asset Returns

Public information in financial markets often arrives through the disclosures of interested parties who have a material interest in the reactions of the market to the new information. When the strategic interaction between the sender and the receiver is formalized as a disclosure game with verifiable reports, equilibrium prices can be given a simple characterization in terms of the concatenation of binomial pricing trees. There are a number of empirical implications. The theory predicts that the return variance following a poor disclosed outcome is higher than it would have been if the disclosed outcome were good. Also, when investors are risk averse, this leads to negative serial correlation of asset returns. Other points of contact with the empirical literature are discussed.