Money matters: An exploratory study of the socio-cultural context of consumption, saving, and investment patterns

This study focuses on 36 professional South Asian (Indian) families in a metropolitan city in Canada in order to understand motives for financial behavior. In accordance with the Hindu world view, Indians view wealth acquisition as necessary for the natural progression of an individual's life and take a long view of time when it comes to investment decisions. Their primary purpose is to invest money in order to provide for their children's education. Their cultural roots allow them to take a long-term view and makes them more risk tolerant. Although these families take economic criteria into account, such criteria alone do not fully explain their consumption, saving, and investment patterns. It would appear that their need for saving determines their consumption, not the other way around. To understand their financial behavior, one has to identify the cultural worlds in which Indians live. The study highlights the importance of understanding the socio-cultural context of decisions that may appear to be purely economic decisions at first sight.     

Conceptualizing color-evasiveness: using dis/ability critical race theory to expand a color-blind racial ideology in education and society

Abstract

Color-blind racial ideology has historically been conceptualized as an ideology wherein race is immaterial. Efforts not to ‘see’ race insinuate that recognizing race is problematic; therefore, scholars have identified and critiqued color-blindness ideology. In this paper, we first examine Gotanda’s (1991) identification and critique of color-blind racial ideology, as it was crucial in troubling white supremacy. We then explore literature in both legal studies and education to determine how scholars have built upon Gotanda’s intellectual theoretical foundations. Finally, using a Dis/ability Critical Race Theory (DisCrit) framework, we end by expanding to a racial ideology of color-evasiveness in education and society, as we believe that conceptualizing the refusal to recognize race as ‘color-blindness’ limits the ways this ideology can be dismantled.     

Marshall–Olkin bivariate Weibull distributions and processes

In this paper we introduce a new probability model known as type 2 Marshall–Olkin bivariate Weibull distribution as an extension of type 1 Marshall–Olkin bivariate Weibull distribution of Marshall–Olkin (J Am Stat Assoc 62:30–44, 1967). Various properties of the new distribution are considered. Bivariate minification processes with the two types of Weibull distributions as marginals are constructed and their properties are considered. It is shown that the processes are strictly stationary. The unknown parameters of the type 1 process are estimated and their properties are discussed. Some numerical results of the estimates are also given.