A witty history of the state that's always in the news, for everything from alligator attacks to zany crimes.There's an old clip of Bugs Bunny sawing the entire state of Florida off the continent—and every single time a news story springs up about some shenanigans in Florida, someone on the internet posts it in response. Why are we so ready to wave goodbye to the Sunshine State? In A Florida State of Mind: An Unnatural History of Our Weirdest State, James D...

National service and volunteerism enjoy a rich history in the United States and an emergent future in other parts of the world. However, there remains relatively scant evidence of overall impact of national service programs and volunteer effectiveness. This condition continues to threaten national service and volunteer programs with the risk of defunding and/or the risk of not investing sufficiently from the start. This book brings together a selection of diverse chapters written by a comb...

There are approximately 200 nations on Earth and the social sciences are being practiced in each one, yet too little of this global enterprise is known to Western, particularly American, social scientists. Drawing upon five years of experience as editor-in-chief of a major international encyclopedia of the social and behavioral sciences, James D. Wright provides social scientists a representative sampling of the work of their international colleagues.The volume includes investigati...

The research reported in this volume was designed to provide estimates of the extent of damages and injuries from certain natu ral hazards inflicted on households in the United States. In addi tion, it reports on sources of aid proffered to households and the extent to which there are differences among households in the receipt of help. This volume represents the latest installment in a series of monographs stemming from the Social and Demographic Re search Institute's (SADRI) program of r...

In this concise volume, leading economist John B. Taylor offers empirical research to explain what caused the current financial crisis, what prolonged it, and what dramatically worsened it more than a year after it began. The evidence he presents strongly suggests that specific government actions and interventions are largely to blame and that any future government interventions must be based on a clearly stated diagnosis of the problem and a rationale for the interventions.

This book examines the behavior of individuals at risk and insurance industry decision makers involved in selling, buying and regulation. It compares their actions to those predicted by benchmark models of choice derived from classical economic theory. Where actual choices stray from predictions, the behavior is considered to be anomalous. Howard C. Kunreuther, Mark Pauly and Stacey McMorrow attempt to understand why these anomalies occur, in many cases using insights from behavioral econo...

This book uses data from a multitude of countries to explain how and why hedge fund markets differ around the world. The authors consider international differences in hedge fund regulation which include, but are not limited to, minimum capitalization requirements, restrictions on the location of key service providers, and different permissible distribution channels via private placements, banks, other regulated or non-regulated financial intermediaries, wrappers, investment managers and fu...

The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are ove...

Hedge funds are collective investment vehicles, often organized as private partnerships and resident offshore for tax and regulatory purposes. Their legal status places few restrictions on their portfolios and transactions, leaving their managers free to use short sales, derivative securities, and leverage to raise returns and cushion risk. This paper considers the role of hedge funds in financial market dynamics, with particular reference to the Asian crisis.

In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large external shocks. The combination of these shocks and the slow adjustments of wages and prices by rational agents leads to cyclical movements. In this book, Paul De Grauwe argues for a different macroeconomics model--one that works with an internal explanation of the business cycle and factors in agents' limited cognitive abilities. By creating a...

The financial crisis of 2008 had little impact on the insurance industry globally, unlike the solvency issues within other financial sectors. This title looks at the major risk concerns within insurance and how the industry as a whole deals with potential threats to its business in the short, medium, and long term.It will demystify how insurers cope with liquidity risk, counterparty risk, tail-event risk (catastrophe), longevity risk, and the impact of climate change.

As the average age of the population continues to rise in industrialized nations, the fiscal impacts of aging demand ever-closer attention. Closing the Deficit examines one oft-discussed approach to the issue-encouraging people to work longer than they now do.Workers would spend more years paying taxes and fewer years drawing pension and health benefits. But how much difference to spending and revenues would longer working lives make? What steps could be taken to make longer working...