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During times of domestic turmoil, the use of force abroad becomes an appealing strategy to US presidents in hopes of diverting attention away from internal conditions and toward a foreign policy success. Weaponized drone technology presents a low cost and potentially high-reward option to embattled presidents. While generally covert operations, drone strikes are frequently reported in the media, making them a viable diversionary tool. To gauge whether drone strikes are in fact capable of diverting the public's attention, we surveyed 1198 Americans and find that a successful drone strike increases presidential approval despite a weak and sagging economy, and the impact of diversionary drone use is significantly greater than that which accompanies traditional diversionary methods.

Previous studies have demonstrated a propensity for many emerging adults to minimize traditional indicators of adulthood, such as marriage and parenting. Beliefs about marriage and family are often ideological, especially within a contemporary, pluralistic society in which marriage and family have undergone significant transformations. The purpose of the current study was to investigate variation in how family-oriented roles and abilities were perceived as criteria for adulthood in a sample of emerging adult college students from several college campuses ( N = 651). An emphasis of the investigation was on possible associations with political ideology and factors related to identity and day-to-day intentions. A cluster analysis approach was used to identify four groups of individuals based on the importance they assigned to the markers. Multivariate analysis of covariance results revealed multiple differences among the cluster groups as they related to other markers of adulthood, political tendencies, and variables related to day-to-day intentions and well-being.

Utilizing a sample of 571 college students, we examined the varying marital paradigms held by emerging adults. Drawing on Marital Paradigm Theory, we explored how beliefs about Marital Salience, timing, process, context, permanence, and centrality created unique paradigms about marriage. We found evidence that emerging adults can be separated into at least three marital paradigms, labeled Enthusiast, Delayer, and Hesitant. We found that most emerging adults hold a Hesitant marital paradigm highlighted by a strong belief in the importance of marriage and a desire to marry but a general belief in the lack of Marital Permanence and a hesitation to marry quickly. Other results suggested that marital paradigms are linked to demographic characteristics such as age and religiosity and also linked to risk-taking behaviors, particularly alcohol use and binge drinking rates. Specifically, those emerging adults who held an Enthusiast paradigm reported less alcohol or binge drinking compared to those in the Hesitant class.

AbstractIn the past, contingency theory has been used by researchers to explain what factors influence the design and implementation of budget systems. However, little of this research has been conducted in the context of nonprofit organizations, especially private universities. Previous research on university budgeting has focused on resource allocation issues, and most of these studies have involved state institutions, which differ in significant ways from private universities. This article presents the results of a case study of the budgeting systems within three schools of a private university. Using a contingency approach, it describes the characteristics of the schools' environments that appeared to affect the types of budget systems used by the three schools studied: a law school, a liberal arts school, and a school of management.

ABSTRACTSmall business loan applications have not been evaluated successfully by traditional methods. This paper explores the possibility of using three types of nonfinancial ratio variables (owner, firm, and loan characteristics) to predict whether a small business will pay off or default its loan. The owner and loan variables were better predictors of loan success than the firm variables.

"After seven years of service as the president of Tulane University, Scott Cowen watched the devastation of his beloved New Orleans at the hands of Hurricane Katrina. When federal, state, and city officials couldn't find their way to decisive action, Cowen, known for his gutsy leadership, quickly partnered with a coalition of civic, business, and nonprofit leaders looking to work around the old institutions to revitalize and transform New Orleans. This team led the charge to restore equilibrium and eventually to rebuild. For the past nine years, Cowen has continued this work, helping to bring the city of New Orleans back from the brink. The Inevitable City presents 10 principles that changed the game for this city, and, if adopted, can alter the curve for any business, endeavor, community--and perhaps even a nation.This is the story of the resurgence and reinvention of one of America's greatest cities. Ordinary citizens, empowered to actively rescue their own city after politicians and government officials failed them, have succeeded in rebuilding their world. Cowen was at the leading edge of those who articulated, shaped, and implemented a vision of transformative change that has yielded surprising social progress and economic growth: a drowned city identified with the shocking images of devastation and breakdown has transformed itself into a mecca of growth, opportunity, and hope"--

This paper examines how people price the resale of durable goods in systematically biased ways. We show across four studies that the anchoring effect of durable goods' prior sales prices on subsequent valuations is discontinuous at psychologically salient round number reference points (e.g., $10,000 increments) because these numbers create qualitative differences in how people perceive values below them versus values at/above them. Resellers set disproportionately larger subsequent prices when previous prices move from just below round number thresholds (e.g., $349,000) to those at or just above these thresholds (e.g., $351,000). The findings show that buyers who pay a price just below a round number, therefore, may sacrifice money because they receive disproportionately less when reselling the good. Market forces only partially attenuate this pricing bias, but valuator experience seems to play a moderating role. Archival data show that home buyers who previously paid just under a $10,000 reference point subsequently listed their homes for about 1.8% (over $3,700) less on average than did buyers selling comparable homes who previously paid at or above a round number threshold. This drop is observable controlling for home characteristics and the general relationship between previous and current prices. Three experimental studies looking at housing and used car markets replicate these findings, highlight the mechanism, and increase confidence in causality. Market mechanisms and the negotiation process attenuate discontinuities by about 30%, but lower initial listing prices persist to final sales prices. We find additional weak evidence suggesting that valuator experience may attenuate intergenerational pricing bias. Conflict of Interest: This manuscript was submitted, revised, and accepted prior to the nomination and appointment of Lamar Pierce as Editor-in-Chief. Funding: This project was supported by the University of Southern California Marshall School of Business Behavioral Laboratory. Supplemental Material: The online appendix is available at https://doi.org/10.1287/orsc.2022.1632 .