Stated preference (SP) surveys attempt to obtain monetary values for non-market goods that reflect individuals’ “true” preferences. Numerous empirical studies suggest that monetary values from SP studies are sensitive to survey design and so may not reflect respondents’ true preferences. This study examines the effect of time framing on respondents’ willingness to pay (WTP) for car safety. We e...

Reverse phase microarrays are useful tools for affinity-based detection in hundreds of samples simultaneously. However, current methods typically require long assay times and fluorescent detection. Here we describe a paper-based Vertical Flow Microarray (VFM) assay as a rapid 8-minute colorimetric alternative for reverse phase microarray analysis. The VFM platform was optimized for detection of...

In principle, anything can serve these functions, and hence anything can serve as money. In fact, in the past, many different things have served as money. For many years commodities have served as money – thinks like cows, cigarettes, and precious metals (e.g. gold and silver). In more recent years, economies have moved towards fiat money. Fiat money are pieces of paper (or electronic entries) ...

The relationship between multiple sclerosis (MS) and early micro-structural changes in brain tissue is at the forefront of ongoing research in the fields of neuroimaging and clinical neurology [1]. Quantitative MR imaging techniques that permit the formation of maps of underlying MR parameters such as tissue longitudinal (T1) and transverse (T2) relaxation time, have the ability to detect early...

This paper posits a notion of the value of an individual’s human capital and the associated return on human capital. These concepts are examined using U.S. data on male earnings and financial asset returns. We decompose the value of human capital into a bond, a stock and a residual value component. We find that (1) the bond component of human capital is larger than the stock component at all ag...

Variable-fidelity surrogate modeling offers an efficient way to generate aerodynamic data for aero-loads prediction based on a set of CFD methods with varying degree of fidelity and computational expense. In this paper, new algorithms, such as a Gradient-Enhanced Kriging method (direct GEK) and a generalized hybrid bridge function, have been developed to improve the efficiency and accuracy of t...

Search models of monetary exchange have typically relied on Nash (1950) bargaining, or strategic games that yield an equivalent outcome, to determine the terms of trade. By considering alternative axiomatic bargaining solutions in a simple search model with divisible money, we show how this choice matters for important results such as the ability of the optimal monetary policy to generate an ef...

The IT community has a long history of developing theory to explain when people will change their behaviors to adopt new technology systems. Two current technology adoption theories, the Technology Adoption Model and the Value Frequency Model, draw from different groups of referent theory: Reasons Theories (RTs) and Expectancy Value Theories (EVTs). RTs and EVTs make different assumptions about...