Gender Differences in Pay of Young Management Professionals in the United States: A Comprehensive View

We conduct a comprehensive examination of the gender differences in pay focusing on multiple perspectives emanating from economics, social psychology, and gender studies. Data are drawn from surveys of MBA students conducted by the Graduate Management Admissions Council. Although women in both samples earn significantly less on average than men, when the effects of the study's variables are considered via multiple regression analysis, no significant difference in annual salary is observed. Our results show the importance of simultaneously considering the impact of human capital, job and firm characteristics, demographics, and cognitive skills. Structural differences are noted in the models estimated separately for men and women. However, the results from decomposing salary differentials are quite consistent with estimates from the single-equation models.     

Uncertainty,the bargaining problem,and the Nash-Zeuthen solution

The Zeuthen bargaining model occupies a prominent place among those theories of the bargaining process that have been formulated and expounded by economists. Its solution to the bargaining problem is essentially economic, since invariant utility functions based on economic factors alone determine the outcome. However, this paper shows that a necessary condition for reaching the Zeuthen solution (shown by Harsanyi to be mathematically equivalent to the game-theoretic solution of Nash's theory) is that bargainers initially take up positions on opposite sides of the outcome that maximizes their utility product. Whether utility functions are mutually known or unknown, inherent in the bargaining situation itself is the requirement that bargainers be at least initially uncertain as to each other's subsequent concession behaviour. With uncertainty, von Neumann-Morgenstern rationality implies that each bargainer would make an initial demand that maximizes the expected gain from holding fast. Therefore, even if Zeuthen's concession criterion should subsequently dictate concession behaviour, expected utility maximization within the context of subjective uncertainty may well yield initial demands that are inconsistent with reaching the Nash-Zeuthen solution. Finally, a general methodological conclusion that emerges from the analysis is that, since the bargaining process necessarily proceeds from a context of subjective uncertainty, greater emphasis needs to be placed on its role as a device for affecting expectations.     

The More Things Change, the More They Stay the Same: The Elusive Search for Racial Equity in Higher Education

In 1965, when affirmative action officially became part of the national consensus to achieve racial social justice, it was based on the compelling justification of establishing equality and remedying the effects of past discrimination. Since then, there has been a slow but steady shift from "equity" to "diversity" as its rationale. The shift has had a negative effect on achieving the original goal of racial equality. The diversity rationale has permitted parallel procedures to evolve that provided majority students with an even larger differential advantage than that conferred on minority students by affirmative action. In addition, we continue to have massive segregation. Minorities are concentrated in second level schools in urban areas, while whites are concentrated in higher quality institutions in the educational suburbs. It is without factual or legal foundation that whites can argue that they (relative to minorities) are the victims of discrimination through unfair and unequal educational policies and practices that determine access to higher education.     

Anova and minque type of estimators for the one-way random effects model

The one-way random effects model with unequal variances and unequal sample sizes is considered. Estimation of the variances, variance of a single observation (total variance), and the standard error of the unweighted mean are considered. Precision of the Analysis of Variance and Unweighted Sums of Squares type of estimators and the Minimum Norm Quadratic Unbiased Estimators with a priori weights are examined.     

The Feeling Edge of Culture

During the 1960s, the new generation changed the American Creed by deemphasizing sensitivity to evidence, emphasizing feelings and deductive thought, while assuming an adversarial position against the sociopolitical order and embracing the American Black's struggle against racism. Driven by pain, fueled by fear and anger and oriented by existential values of being the Civil Rights Movement, sought to actualize political values of justice and equality. As peaceful demonstrations dwindled, violence increased, converting individual anger to social rage. Anger's cognitive structure changed the concept of society into a dichotomy of Black victims and Ulhite oppressors, forming an ethic of sensitivity with victims occupying the moral high ground. Pain and tragedy were banished from view and blamed on oppressors as individual identities divested civil traits and acquired cultural identity, disuniting the civil society. Rubbing against the American Creed, the ethic ofsensitivity produced a feeling of malaise posing a threat to mentaL health.     

Estimation of relaxation time distributions in magnetic resonance imaging

Magnetic resonance imaging techniques can be used to measure some biophysical properties of tissue. In this context, the T₂ relaxation time is an important parameter for soft‐tissue contrast. The authors develop a new technique to estimate the integral of the distribution of T₂ relaxation time without imposing any constraint other than the monotonicity of the underlying cumulative relaxation time distribution. They explore the properties of the estimation and its applications for the analysis of breast tissue data. As they show, an extension of linear discriminant analysis is found to distinguish well between two classes of breast tissue.