Vassar College Digital Library

Vassar Scholarship

Vassar Scholarship, the institutional repository formerly known as Digital Window, reflects the research and scholarly output of the Vassar College community.  It provides access to a variety of collections, including senior theses and projects across a wide range of disciplines.

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Vassar Scholarship

Limited arbitrage, segmentation, and investor heterogeneity: Why the law of one price so often fails

Publication Date
2003-August-28
Document Type
working paper
Authors
Flynn, Sean Masaki
Department or Program
Economics Department
Document Type
Working Paper
Abstract

There are numerous examples of assets with identical payout streams being priced differently. These violations of the law of one price result from two factors. First, investors have heterogeneous asset valuations so that if two groups of investors trade in...

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Vassar Scholarship

Making Knowledge, Making Power: The Impact of Restorative Discipline Practices in Three New York City Schools

Publication Date
2015-January-01
Document Type
Senior Capstone Projects
Authors
Shubert, Rebecca J.
Department or Program
Education Department
Document Type
Senior Capstone Project
Abstract

The rise of standardized testing and zero­tolerance discipline measures in the United States over the last decade has resulted in public schools that prioritize order and obedience over deep learning and interpersonal relationships. While detrimental across the board, these austere...

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Vassar Scholarship

The portfolio allocation effects of investor sentiment about the ability of managers to beat the market

Publication Date
2003-February-03
Document Type
working paper
Authors
Flynn, Sean Masaki
Department or Program
Economics Department
Document Type
Working Paper
Abstract

I present a model that can transform discounts on closed-end mutual funds into a measure of investor sentiment about the ability of fund managers to beat the market. This measure of sentiment varies positively with capital flows into actively managed...

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