Schooling and Factors Affecting Decisions on Schooling by Household Members in the Rural Areas of Turkey

Despite the fact that rural education has always been one of the most important means of rural development, it has been ignored in many developing countries, with the result that rural development has not achieved great success. The problems of education in rural areas are not only related to the amount the country spends on education or to the system of education. The socio-economic condition of the individuals living in these areas and the form of rural education also play an important part. The present study deals with the socio-economic factors that influence the education level which is achieved. The assessments in the study are based on data gathered in a survey of 386 households carried out in the Aegean Region of Turkey. The work consists of three parts: the state of education in rural areas; the factors adversely affecting an individual’s decision to continue at school; and the employment situation of individuals who did not continue their education. In the results section, some suggestions have been made regarding the provision of employment opportunities to individuals who have not completed their education and who have had no job training.     

Split‐Award Procurement Auctions—Can Bayesian Equilibrium Strategies Predict Human Bidding Behavior in Multi‐Object Auctions?

We analyze if and when symmetric Bayes Nash equilibrium predictions can explain human bidding behavior in multi‐object auctions. We focus on two sealed‐bid split‐award auctions with ex ante split decisions as they can be regularly found in procurement practice. These auction formats are straightforward multi‐object extensions of the first‐price sealed‐bid auction. We derive the risk‐neutral symmetric Bayes Nash equilibrium strategies and find that, although the two auction mechanisms yield the same expected costs to the buyer, other aspects of the two models, including the equilibrium bidding strategies, differ significantly. The strategic considerations in these auction formats are more involved than in single‐lot first‐price sealed‐bid auctions, and it is questionable whether expected utility maximization can explain human bidding behavior in such multi‐object auctions. Therefore, we analyzed the predictive accuracy of our equilibrium strategies in the laboratory. In human subject experiments we found underbidding, which is in line with earlier experiments on single‐lot first‐price sealed‐bid auctions. To control for regret, we organize experiments against computerized bidders, who play the equilibrium strategy. In computerized experiments where bid functions are only used in a single auction, we found significant underbidding on low‐cost draws. In experiments where the bid function is reused in 100 auctions, we could also control effectively for risk aversion, and there is no significant difference of the average bidding behavior and the risk‐neutral Bayes Nash equilibrium bid function. The results suggest that strategic complexity does not serve as an explanation for underbidding in split‐award procurement auctions, but risk aversion does have a significant impact.     

An integrated environmental risk assessment framework for coal-fired power plants: A fuzzy logic approach

This study quantifies the environmental risk of a coal-fired thermal power plant during operation by using environmental monitoring data, site surveys, and documented evidence. The following criteria are assessed: emissions (CO, SO₂, NO_x, PM₁₀), impact on aquatic ecosystem (fish protection at cooling water intake and cooling water discharge temperature), and waste management (fly ash and bottom ash). Fuzzy sets were defined for each criterion, taking environmental regulatory context as an expert judgment. A survey was conducted with multiple stakeholders to determine the relative importance of risk factors. The survey results showed that the most concerned risks are SO₂ and NO_x emissions. The proposed method estimates the risk of each environmental criterion separately and then accumulates them into an environmental risk index (ERI). Accordingly, we assessed the Catalagzi coal-fired power plant, which has been in operation on the Black Sea coast in northwestern Turkey. For this case study, the ERI resulted in a value of 0.78 (on a scale of 0–1), showing high environmental risk to the facility. Moreover, the applicability of the proposed framework was tested in several existing coal-fired power plants using simultaneous measurements. All studied coal-fired power plants in Turkey have unacceptable pollutants (PM₁₀, SO₂, and NO_x) concentration levels indicating high health risk potential. The application of the integrated environmental risk assessment framework showed that new environmental regulations are needed in Turkey to specify more strict emission limits and to monitor CO₂, fine particulate matter emissions, cooling water discharge, and fish protection at cooling water intake.     

Has SFAS 142 improved the usefulness of goodwill impairment loss and goodwill balances for investors?

Due to the concerns about the annual SFAS 142 impairment test, the FASB has recently added a project to its technical agenda to evaluate potential alternatives for measurement of goodwill. Motivated by the FASB’s consideration of a change in goodwill accounting, I examine the impact of SFAS 142 on the usefulness of goodwill write-offs and goodwill balances. I find that goodwill write-offs and goodwill balances are more strongly associated with stock returns and stock prices respectively after SFAS 142 than before SFAS 142. Furthermore, in the post-SFAS 142 period, I find that the association between stock prices and goodwill is lower for firms that avoid the recognition of the existing goodwill impairments, and that goodwill write-offs are more negatively associated with stock returns for firms where managers have more discretion over the impairment testing process. Overall, the findings suggest that despite the concerns of critics over the reliability of fair value estimates of goodwill, (1) SFAS 142 has improved the usefulness of goodwill numbers from investor perspective, and (2) investors see through the differences in reliability of reported goodwill numbers. These results have implications for standard-setting as the FASB considers new alternatives for goodwill accounting.     

Effects of heart rate reduction with ivabradine on the international ındex of erectile function (IIEF-5) in patients with heart failure

Introduction: The presence of concomitant erectile dysfunction (ED) with heart failure (HF) is not surprising, because endothelial dysfunction is pathophysiologic signature of both ED and HF. ED significantly and adversely affects quality of life in patients with HF. It was demonstrated that ivabradine treatment can improve endothelial function and ED in experimental models. In this study, we aimed to determine the effect of ivabradine treatment on ED in patients with HF via International Index of Erectile Function (IIEF-5) questionaire.

Material and methods: Consequently, 29 patients, between 18 and 70?years of age, male with chronic HF known for at least 1?year, New York Heart Association functional class I–II, left ventricule ejection fraction less than 40%, in sinus rhythm with a resting HR of at least 70 beats per minute (b.p.m.), who were intended to be treated with ivabradine according to the decision of their physicians were evaluated to determine ED. We used the Turkish version of the IIEF-5 questionnaire to evaluate ED on the last 6-month period. Twenty-four of 29 patients who scored ≤21 were considered to have ED and included to the study. IIEF-5 scores for each question and domains were calculated for all responders at baseline and at 6-month follow-up visit in order to determine any effect of ivabradine treatment on ED in patients with HF.

Results: According to the data of survey, Cronbach's alpha coeffient for all of the patients who were included into the study were 0.84 and detected highly reliable. IEFF-5 questionnaire scores increased significantly (p?=?.003) after the ivabradine treatment, on the contrary, significant decrease in HR was revealed as expected. HR is decreased steadily after ivabradine treatment and mean decrease in HR was 11.5?±?9.4 in this study population. Likewise, negative correlation was demonstrated between decrease in HR (p?p?=?.003).

Conclusion: Although lack of patients with HF have been evaluated in this study population, initial results seem promising that ivabradine has favorable effects on ED. These findings were postulated to be dependent exclusively on HR reduction. As a sequel, cardiologist should avoid neglecting ED to improve medical compliance as well as quality of life in patients with heart failure. This pilot study provide some data for further randomized controlled studies.     

An Experimental Study of the Effectiveness of Three Debiasing Techniques*

Subjective probability distributions constitute an important part of the input to decision analysis and other decision aids. The long list of persistent biases associated with human judgments under uncertainy [16] suggests, however, that these biases can be translated into the elicited probabilities which, in turn, may be reflected in the output of the decision aids, potentially leading to biased decisions. This experiment studies the effectiveness of three debiasing techniques in elicitation of subjective probability distributions. It is hypothesized that the Socratic procedure [18] and the devil's advocate approach [6] [7] [31] [32] [33] [34] will increase subjective uncertainty and thus help assessors overcome a persistent bias called “overconfidence.” Mental encoding of the frequency of the observed instances into prespecified intervals, however, is expected to decrease subjective uncertainty and to help assessors better capture, mentally, the location and skewness of the observed distribution. The assessors' ratings of uncertainty confirm these hypotheses related to subjective uncertainty but three other measures based on the dispersion of the elicited subjective probability distributions do not. Possible explanations are discussed. An intriguing explanation is that debiasing may affect what some have called “second order” uncertainty. While uncertainty ratings may include this second component, the measures based on the elicited distributions relate only to “first order” uncertainty.     

On representation of monotone preference orders in a sequence space

In this paper we investigate the relation between scalar continuity and representability of monotone preference orders in a sequence space. Scalar continuity is shown to be sufficient for representability of a monotone preference order and easy to verify in concrete examples. Generalizing this result, we show that a condition, which restricts the extent of scalar discontinuity of a monotone preference order, ensures representability. We relate this condition to the well-known order dense property, which is both necessary and sufficient for representability.     

Social Stratification and Consumption Patterns in Turkey

In this article, by analyzing consumption practices of Turkish households, I attempted to identify whether there are distinctions between different social classes in Turkey. Stated another way, I assessed and explored the impact of socio-economic forces on consumption patterns, taste and lifestyle. In doing so, I tested emprically, two theoretical approaches, Bourdieu’s “reproduction theory” and Giddens “class Structuration thesis”. A total of eight dependent variables are analyzed in terms of the linkages between those selected consumption items and social structure. In general, the emprical findings indicated that the intersection and reinforcement of social class variables, such as income, education, occupation, sector, and neighborhood differentiation, determined consumption patterns and lifestyle differences in Turkey.