The ECBU faculty continues to work hard at publishing research in academic journals, presenting their research at various conferences and attending workshops designed to improve their teaching, around the country and the world. Here is a sampling of their work from the past academic year:
Major Sam Allen
- “Civilization and the Evolution of Short-Sighted Agents.” Southern Economic Association Annual Meeting, Washington, D.C., December 2008 (with Colonel Troy Siemers and Colonel Atin Basu).
Major Elizabeth Baker
- “Developing a Methodology Based on Social Relativism for a Professional Bureaucracy Organizational Environment,” Information Systems Journal (forthcoming).
- “The Role of Trust in Post-Adoption IT Exploration,” IEEE Transactions on Technology Engineering Management (forthcoming).
- Major Baker worked on an undergraduate research project with Cadet Jamie Fernandes ’09, a Psychology major from England. This project, titled “How can a global company compete to identify and attract global talent?”, was an interdisciplinary summer undergraduate research effort between the Economics and Business department and the Psychology department focused on the personality traits of top leadership in a global company and how to use personality testing to identify potential top talent early in the hiring process.
- Cadet Andrew Krumm ’09, an ECBU major from the Eastern Shore of Virginia, completed an undergraduate research project titled “Veterans In The Entrepreneurial World: Overcoming The Competition By Force.” This study investigated the known characteristics of entrepreneurs to that of military veterans to determine if veterans possess stronger entrepreneurial characteristics than non-veterans, as suggested by reported statistics of veteran and non-veteran entrepreneurship. Motivated by Cadet Krumm’s experiences as an entrepreneur in undeveloped land and his commissioning as a Second Lieutenant in the US Army after graduation, this study found that veterans exhibit a personality profile more similar to entrepreneurs than non-veterans. His research mentor was Major Elizabeth W. Baker.
Major Jim Bang
- "Endogenous Human Capital Investment and the Decision to Migrate" Western Economic Association International, Hawaii, July 2008 (with A. Mitra).
- "Match Made in Heaven or Settling for Less? Differences in Skill in Industries that Employ Single and Married Women" Canadian Economic Association, Vancouver, B.C., June 2008. (with B. Basu).
Colonel Atin Basu
Cadet Bogert undertook an independent study under Colonel Basu to design a series of experiments to test whether asset bubbles could form even when there was no uncertainty about returns. He found that, among VMI cadets, asset bubbles formed even when the subjects knew the actual rates of return (and therefore the value) on assets. He presented his findings at the poster session of the Spring URI.
Colonel Francis Bush
- 1. “An Investigation of the Effect of Network Latency on Pedagogic Efficacy: A Comparison of Disciplines.” Contemporary Issues In Education Research, Vol. 1, No. 4, pp. 11-25, 2008. (with Squire J.C., Sullivan G. Walsh V., English A. Bolen R).
Lieutenant Colonel Barry Cobb
- “Hybrid influence diagrams for threat identification,'' in R. Sturdivant (ed.), Proceedings of the Army Conference on Applied Statistics, 2008 (in press).
- “Predicting stock and portfolio returns using mixtures of truncated exponentials,'' in C. Sossai (ed.), Symbolic and Quantitative Approaches to Reasoning
under Uncertainty, Lecture Notes in Artificial Intelligence, 2009, in press, with A. Salmeron and R. Rumi.
- “Measuring efficiency in influence diagram models,'' in M. Jaeger and T.D. Nielsen (eds.), Proceedings of the Fourth European Workshop on Probabilistic Graphical Models, 2008, 65--72.
- “Hybrid influence diagrams for threat identification,” Army Conference on Applied Statistics, Lexington, VA, October 2008.
- “A decision analysis approach to solving the signaling game,” INFORMS National Meeting, Washington, D.C., October 2008.
- “Measuring efficiency in influence diagram models,” Proceedings of the Fourth European Workshop on Probabilistic Graphical Models, Hirtshals, Denmark, September 2008.
Colonel Karen Gutermuth
- “Baysian Prediction of Firm Failure,” 2009, Journal of Global Business Development, Vol. 2, No. 1, p. 150-158.
- “Teaching Ethics to Undergraduates: An Empirical Examination of Contextual Approaches” 2008 Society for Advancement of Management International Business Conference Proceedings (with Clifford West and H. Francis Bush).
- 2009 Virginia Association of Economists 36th Annual Conference, 12-13 March 2009, Richmond, VA. ATTENDED AS BOARD MEMBER.
- 2009 College Teaching & Learning (TLC) Conference and International Applied Business Research (IABR) Conference, 16-19 March 2009, San Antonio, TX. Presented.
- 2008 AACSB CON-Assessment Conference, 4-6 December 2008, Dallas TX. ATTENDED.
- 2008 Western Economic Association International 83rd Annual Conference, 28 June – 4 July 2008, Waikiki, HI. PRESENTED: “The Effects of Medical Malpractice Review Panels on Malpractice Awards”. SESSION CHAIR.
- During the spring of 2009, Colonel Gutermuch worked with Cadet Joe Taylor to implement a sales projection model for a specific firm. Detailed regression models were developed to aid the firm in projecting their sales to hospitals with different characteristics, such as Urban vs. Rural and Teaching vs. Nonteaching. A “product” was developed for the salespeople in the firm to easily forecast sales, dependent on the type of hospital.
Colonel Stewart Husted
- The Hard Corps” 21st Century Leadership Development (Mariner Media, 2009). Book is due to be released May 1, 2009 and will be given by VMI to all new matriculating Rats. It is approximately 240 pages.
Major Raymond MacDermott
- “Grade Dropping in Intermediate Macroeconomics,” The New York Economic Review (forthcoming)
- “A Panel Study of the Pollution-Haven Hypothesis,” Global Economy Journal,9(1), 2009.
- “Faculty Perceptions of Grades: Results from a National Survey,” Allied Social Science Association, San Francisco, CA, January 2009.
- “FDI and Immigration,” New York State Economics Association, Ithaca, NY, October 2008.
Colonel Robert Moreschi
- “Risk Tolerance: An Analysis of Investor Self-Assessment Capabilities” 2008 Proceedings of the Academy of Financial Services.
- “A Study of the Complexity of Employee Benefit Plan Fees and Participant Confusion.” Academy of Economics and Finance Annual Conference, Pensacola Beach, FL, February 2009.
- “Risk Tolerance: An Analysis of Investor Self-Assessment Capabilities” Academy of Financial Services, Annual Conference, October 2008. Presented paper, Also served as a session moderator and discussant. Also published in the Proceedings of the Academy of Financial Services.
- “What the Financial Crisis Means For Small Businesses,” Lexington-Rockbridge County Chamber of Commerce, luncheon series speaker. November 2008.
Joint Faculty Activities
- John and Jane Roberts/Chamber of Commerce Luncheon Lecture Series for 2008-2009: This event, in its second year, was developed and organized by Colonel Stewart Husted. The series of four lectures/luncheons featured ECBU faculty:
- Colonel Stewart Husted – “Marketing Trends for 2008-2009”
- Colonel Bob Moreschi - “What the Financial Crisis Means For Small Businesses,”,
- Colonel Cliff West – “
- Major Elizabeth Baker – “
- Goose Creek Leadership Reaction Course: Colonel Husted and Colonel West continue to train Air Force ROTC cadets on the Goose Creek Leadership Reaction Course. In addition to VMI cadets, they have added the UVA AFROTC unit and Central Virginia JROTC units from the Air Force, Marines, and Army to their list of clients.