This semester has blossomed into something undeniably wonderful. A few weeks ago, I turned in the final draft of my economics thesis. I wrote 126 pages on the interdisciplinary psychology-economics concept of loss aversion. The concept essentially says that people weigh losses heavier than comparable gains. I took this concept, which I first discovered in a Financial Markets class, and applied it to my love of sports economics. I expanded on a study by two Wharton Business School professors who applied the concept to golf. Other than the Wharton paper, no other research has been done in this fashion. (read about the Wharton study in the New York Times) My research held true to the theory. In general, I found that professional golfers tend to exert more effort when faced with losses. While an interesting finding on the surface to golf fans, this work’s broader implications stretch to the growing field of behavioral economics. They actually tell us quite a bit about how experienced people, competing for high stakes act when facing losses and gains. I won’t delve too deep, but it elicits countless thoughts about how we as humans approach our very own reference points. I was able to turn in a paper than I am incredibly proud of and believe may help inspire future research in this area.
With that finished, I have moved on to the countless other activities and obligations that will keep me busy until graduation. I am a co-chair for our end of the year music festival, Llamapalooza, still working hard at the admissions office, and still running the student radio station. To make this semester even more fun, I have accepted a job offer at DraftFCB (the company I blogged about in a previous post). Last week, I also heard from Northwestern’s Medill School that I have been admitted into their Integrated Marketing and Communications Masters program for the fall of 2011 with an option to defer until fall of 2012. I am extremely grateful for the good fortune coming my way lately. Interestingly, I find myself almost more busy right now having finished classes and thesis. Everyday is a new challenge to keep things moving on the numerous projects I seem to have gotten myself involved in.
At the same time, I am taking extreme joy in having the time to speak to people, read about people’s adventures here on the CC Blog (see Madison’s post), and find out what the rest of the CC world is doing right now. So many exciting things continue to evolve that it is almost hard to keep up. I’ll be posting in the next month about a lot of these things. One such endeavor that has me hooked right now is a new arts and culture blog specifically designed for the CC community that a handful of students have just launched. They are calling themselves the Colorado College Block Partie – find them at www.ccblockpartie.com. They are starting to generate some interesting content from the folks who started the site, but it seems that the hope is that it can become an online gathering place for the entire CC community. The SOCC and CC Block Partie are starting to work together to plan some interesting exchanges of content and ideas. Look for fun things to come.
This great explosion of arts and culture has me reminiscing about some of the fantastic stuff I have seen and experienced throughout my time at CC. I apologize for getting a bit nostalgic here (after all, I only get two more months of being a CC student). One such piece I found the other day on YouTube – it is the intro to the Film Festival here at CC from a couple years ago. I fondly remember laughing hysterically at this introductory film that satirized the CC student and experience so well. While obviously an exaggeration, it played off the truth in a fun and playful way. It is always good to be able to laugh at yourself sometimes.