SEASONAL INTEGRATION FOR DAILY DATA

This paper has two purposes: it introduces the econometric methods used to analyze time series data with general frequency and presents a framework for analyzing economic variables that are measured daily; this special case is then applied to the trading volume of stock markets.     

信用评价体系以及相关因素对一口价网上交易影响的实证研究

利用淘宝网的交易数据,研究一口价价格、信用的好中差评、商盟以及消费者保障计划等对交易笔数的影响。实证研究表明,价格对交易笔数有显著的负影响、好中差评数均有显著的正影响,而是否参加商盟无显著影响,参加消费者保障则为卖家带来了更多的交易笔数。研究表明,信用评价体系在网上交易中起到了一定的作用,但这个作用受到淘宝的信用评价政策等诸多因素的影响。     

Tra i Leoni: Revealing the preferences behind a superstition

We examine a superstition for which adherence is nearly universal among its target population. Using a combination of field interventions that involve unsuspecting participants and a lab-style value elicitation, we investigate the nature and strength of peoples’ underlying preferences. While a substantial minority of people are willing to incur a relatively high individual cost in order to adhere to the superstition, for many, adherence is contingent on the behavior of others. Our findings are consistent with the idea that it is the conforming nature of the majority that sustains the false beliefs of the minority.     

People are conditional rule followers

Experimental participants are more likely to follow an arbitrary rule the more others in their reference group do so as well. The effect is most pronounced for individuals who follow few rules when not knowing others’ behavior. Unlike what is observed for conditional cooperation, learning that only few others follow a rule does not reduce rule following.     

What Does It Mean To Be Patriotic? Policing Patriotism in Sports and Social Studies Education

Authors discuss the relationship between social studies education and patriotism. The authors share two lesson plans (one elementary and one secondary) that examine the racialized and politicized experiences of three professional athletes, Gabby Douglas, Colin Kaepernick, and Megan Rapinoe. Drawing on tenets of critical race media literacy and conceptual understandings of critical patriotism, this article presents two model lesson plans designed to assist teachers in guiding students toward an understanding of patriotism that is critical in nature through promoting informed action inside and outside the classroom.     

FDI in China and global production networks: Assessing the role of and impact on big world players

How can countries successfully engage in global production networks? We provide a Computable General Equilibrium analysis of the impact of FDI on global production networks in Textiles, Chemicals, Electronics and Machinery, dividing the world economy in six regions (China, East Asia, Japan, EU28, the U.S. and the group of Emerging and Developing Economies). Interestingly for the policy maker, although the four sectors have contrasting production technologies, their Chinese exports and imports still follow a similar trend: East Asia and Japan are Chinese main intermediate suppliers while the US, Europe and the Emerging and Developing Economies play more the role of final markets. FDI inflows have benefitted China and we quantify by how much they have raised Chinese wages, GDP, national income and export competitiveness. By contrast, being an intermediate supplier or playing mostly the role of big final market in the network is not enough to succeed in your integration with China. The extent of the (positive or negative) effects is very much related to whether the structure of production (i.e., sectors’ weight in GDP) of the different economies is similar to (and therefore more easily crowded out by) Chinese booming sectors.     

Global loss of production capacity caused by the COVID-19 pandemic

The global economy faces a loss of production capacity among the most severe in at least the past half-century as a result of the recession caused by the COVID-19 pandemic. It will take several years of persistent investment efforts to restore the pre-pandemic level of capacity and put global output back to potential. By using a production function based on the incremental capital-output ratio, we estimate the loss of production capacity for the global economy and for the two main world locomotives, the U.S. and China. To do this, we estimate the production capacity implied in our current recession baseline and the capacity that would have existed in the absence of the pandemic (precrisis scenario). The difference between the two estimates is defined as the loss of capacity generated by the pandemic. The results also allow us to extract some policy implications in terms of mitigation measures and investment requirements.     

Replication: Belief elicitation with quadratic and binarized scoring rules

Researchers increasingly elicit beliefs to understand the underlying motivations of decision makers. Two commonly used methods are the quadratic scoring rule (QSR) and the binarized scoring rule (BSR). Hossain and Okui (2013) use a within-subject design to evaluate the performance of these two methods in an environment where subjects report probabilistic beliefs over binary outcomes with objective probabilities. In a near replication of their study, we show that their results continue to hold with a between-subject design. This is an important validation of the BSR given that researchers typically implement only one method to elicit beliefs. In favor of the BSR, reported beliefs are less accurate under the QSR than the BSR. Consistent with theoretical predictions, risk-averse subjects distort their reported beliefs under the QSR.     

Thou shalt not steal: Taking aversion with legal property claims

Do people have an innate respect for property? In the literature, there is controversy about whether human subjects are taking averse. We implemented a dictator game with a symmetric action space to address potential misconceptions and framing and demand effects that may be responsible for the contradictory findings. Misconceptions can occur as a result of unclear property rights, while framing and demand effects can occur if anonymity is not preserved. Our paper is the first to implement both a strict double-blind anonymity protocol and clear property rights. We established clear property claims by asking subjects in our legal treatment to bring their own property to the experiment. In the effort treatment, the experimenter transferred the property publicly to subjects after they completed a real effort task. Our data suggest that without social enforcement, respect for property is low. Yet, the taking rate significantly differs from the theoretically predicted maximum. Consistent with the Lockean theory of property, respect for property grows when the entitlement is legitimized by the labor the owner had to invest to acquire it.     

夏威夷儿童哲学的实践模式

夏威夷儿童哲学（philosophy for children Hawaii），简称为p4cHI，由托马斯杰克逊博士于1984年发起。经过34年的发展，其教学理念和实践模式日趋成熟。杰克逊p4cHI区别于李普曼P4C的两大主要特色是：小p哲学与智力情感安全地的概念。本文总结了夏威夷儿童哲学的显著特性：温和的苏格拉底式探究、使用团体球、不急于到达任何地方以及香草冰激凌式探究规则。夏威夷儿童哲学的实践步骤主要包括：建立探究团体，用香草冰激凌方式选择问题，使用优秀思想家的工具探究问题，评估团体探究的质量