Steven T. Anderson
Steven Anderson is a Research Economist with the USGS Geology, Energy & Minerals (GEM) Science Center in Reston, VA.
Science and Products
Filter Total Items: 34
Learning to wait: A laboratory investigation Learning to wait: A laboratory investigation
Human subjects decide when to sink a fixed cost C to seize an irreversible investment opportunity whose value V is governed by Brownian motion. The optimal policy is to invest when V first crosses a threshold V* = (1 + w*) C, where the wait option premium w* depends on drift, volatility, and expiration hazard parameters. Subjects in the Low w* treatment on average invest at values quite...
Authors
Ryan Oprea, Daniel Friedman, Steven T. Anderson
Buy it now: A hybrid internet market institution Buy it now: A hybrid internet market institution
This paper analyzes seller choices and outcomes in approximately 700 Internet auctions of a relatively homogeneous good. The ‘Buy it Now’ option allows the seller to convert the auction into a posted price market. We use a structural model to control for the conduct of the auction as well as product and seller characteristics. In explaining seller choices, we find that the ‘Buy it Now’...
Authors
Steven T. Anderson, Daniel Friedman, Garrett Milam, Nirvikar Singh
Geostatistical Modeling of Sediment Abundance in a Heterogeneous Basalt Aquifer at the Idaho National Laboratory, Idaho Geostatistical Modeling of Sediment Abundance in a Heterogeneous Basalt Aquifer at the Idaho National Laboratory, Idaho
The spatial distribution of sediment in the eastern Snake River Plain aquifer was evaluated and modeled to improve the parameterization of hydraulic conductivity (K) for a subregional-scale ground-water flow model being developed by the U.S. Geological Survey. The aquifer is hosted within a layered series of permeable basalts within which intercalated beds of fine-grained sediment...
Authors
John A. Welhan, Renee L. Farabaugh, Melissa J. Merrick, Steven R. Anderson
Seller strategies on eBay: Does size matter? Seller strategies on eBay: Does size matter?
We examine seller tactics in 1177 eBay auctions. The largest volume sellers make rather homogeneous choices; smaller sellers are more heterogeneous. Some tactics, such as starting the auction with a ‘Buy it Now’ offer, appear to increase revenue. Perhaps due to intense competition, however, the overall impact of most tactics appears to be quite small. The main exception is the use of a...
Authors
Steven T. Anderson, Daniel Friedman, Garrett Milam, Nirvikar Singh
The Massachusetts Bay internal wave experiment, August 1998: Data report The Massachusetts Bay internal wave experiment, August 1998: Data report
This data report presents oceanographic observations made in Massachusetts Bay (fig. 1) in August 1998 as part of the Massachusetts Bay Internal Wave Experiment (MBIWE98). MBIWE98 was carried out to characterize large-amplitude internal waves in Massachusetts Bay and to investigate the possible resuspension and transport of bottom sediments caused by these waves. This data report...
Authors
Bradford Butman, P. Soupy Alexander, Steven P. Anderson, Frances L. Lightsom, Alberto Scotti, Robert C. Beardsley
Review of the transport of selected radionuclides in the interim risk assessment for the Radioactive Waste Management Complex, Waste Area Group 7 Operable Unit 7-13/14, Idaho National Engineering and Environmental Laboratory, Idaho Review of the transport of selected radionuclides in the interim risk assessment for the Radioactive Waste Management Complex, Waste Area Group 7 Operable Unit 7-13/14, Idaho National Engineering and Environmental Laboratory, Idaho
The U.S. Department of Energy (DOE) requested that the U.S. Geological Survey conduct an independent technical review of the Interim Risk Assessment (IRA) and Contaminant Screening for the Waste Area Group 7 (WAG-7) Remedial Investigation, the draft Addendum to the Work Plan for Operable Unit 7-13/14 WAG-7 comprehensive Remedial Investigation and Feasibility Study (RI/FS), and supporting...
Authors
Joseph P. Rousseau, Edward R. Landa, John R. Nimmo, L. DeWayne Cecil, LeRoy L. Knobel, Pierre D. Glynn, Edward M. Kwicklis, Gary P. Curtis, Kenneth G. Stollenwerk, Steven R. Anderson, Roy C. Bartholomay, Clifford R. Bossong, Brennon R. Orr
Non-USGS Publications**
American Association for the Advancement of Science (AAAS) Annual Meeting, 13-16 February 2020, Seattle WA.
Anderson, S.T. 2015. “The Mineral Industry of Hungary.” Area reports—International—Europe and Central Eurasia: U.S. Geological Survey Minerals Yearbook 2012, v. III, February 27, p. 20.1–20.7. IP-064154.
**Disclaimer: The views expressed in Non-USGS publications are those of the author and do not represent the views of the USGS, Department of the Interior, or the U.S. Government.
Science and Products
Filter Total Items: 34
Learning to wait: A laboratory investigation Learning to wait: A laboratory investigation
Human subjects decide when to sink a fixed cost C to seize an irreversible investment opportunity whose value V is governed by Brownian motion. The optimal policy is to invest when V first crosses a threshold V* = (1 + w*) C, where the wait option premium w* depends on drift, volatility, and expiration hazard parameters. Subjects in the Low w* treatment on average invest at values quite...
Authors
Ryan Oprea, Daniel Friedman, Steven T. Anderson
Buy it now: A hybrid internet market institution Buy it now: A hybrid internet market institution
This paper analyzes seller choices and outcomes in approximately 700 Internet auctions of a relatively homogeneous good. The ‘Buy it Now’ option allows the seller to convert the auction into a posted price market. We use a structural model to control for the conduct of the auction as well as product and seller characteristics. In explaining seller choices, we find that the ‘Buy it Now’...
Authors
Steven T. Anderson, Daniel Friedman, Garrett Milam, Nirvikar Singh
Geostatistical Modeling of Sediment Abundance in a Heterogeneous Basalt Aquifer at the Idaho National Laboratory, Idaho Geostatistical Modeling of Sediment Abundance in a Heterogeneous Basalt Aquifer at the Idaho National Laboratory, Idaho
The spatial distribution of sediment in the eastern Snake River Plain aquifer was evaluated and modeled to improve the parameterization of hydraulic conductivity (K) for a subregional-scale ground-water flow model being developed by the U.S. Geological Survey. The aquifer is hosted within a layered series of permeable basalts within which intercalated beds of fine-grained sediment...
Authors
John A. Welhan, Renee L. Farabaugh, Melissa J. Merrick, Steven R. Anderson
Seller strategies on eBay: Does size matter? Seller strategies on eBay: Does size matter?
We examine seller tactics in 1177 eBay auctions. The largest volume sellers make rather homogeneous choices; smaller sellers are more heterogeneous. Some tactics, such as starting the auction with a ‘Buy it Now’ offer, appear to increase revenue. Perhaps due to intense competition, however, the overall impact of most tactics appears to be quite small. The main exception is the use of a...
Authors
Steven T. Anderson, Daniel Friedman, Garrett Milam, Nirvikar Singh
The Massachusetts Bay internal wave experiment, August 1998: Data report The Massachusetts Bay internal wave experiment, August 1998: Data report
This data report presents oceanographic observations made in Massachusetts Bay (fig. 1) in August 1998 as part of the Massachusetts Bay Internal Wave Experiment (MBIWE98). MBIWE98 was carried out to characterize large-amplitude internal waves in Massachusetts Bay and to investigate the possible resuspension and transport of bottom sediments caused by these waves. This data report...
Authors
Bradford Butman, P. Soupy Alexander, Steven P. Anderson, Frances L. Lightsom, Alberto Scotti, Robert C. Beardsley
Review of the transport of selected radionuclides in the interim risk assessment for the Radioactive Waste Management Complex, Waste Area Group 7 Operable Unit 7-13/14, Idaho National Engineering and Environmental Laboratory, Idaho Review of the transport of selected radionuclides in the interim risk assessment for the Radioactive Waste Management Complex, Waste Area Group 7 Operable Unit 7-13/14, Idaho National Engineering and Environmental Laboratory, Idaho
The U.S. Department of Energy (DOE) requested that the U.S. Geological Survey conduct an independent technical review of the Interim Risk Assessment (IRA) and Contaminant Screening for the Waste Area Group 7 (WAG-7) Remedial Investigation, the draft Addendum to the Work Plan for Operable Unit 7-13/14 WAG-7 comprehensive Remedial Investigation and Feasibility Study (RI/FS), and supporting...
Authors
Joseph P. Rousseau, Edward R. Landa, John R. Nimmo, L. DeWayne Cecil, LeRoy L. Knobel, Pierre D. Glynn, Edward M. Kwicklis, Gary P. Curtis, Kenneth G. Stollenwerk, Steven R. Anderson, Roy C. Bartholomay, Clifford R. Bossong, Brennon R. Orr
Non-USGS Publications**
American Association for the Advancement of Science (AAAS) Annual Meeting, 13-16 February 2020, Seattle WA.
Anderson, S.T. 2015. “The Mineral Industry of Hungary.” Area reports—International—Europe and Central Eurasia: U.S. Geological Survey Minerals Yearbook 2012, v. III, February 27, p. 20.1–20.7. IP-064154.
**Disclaimer: The views expressed in Non-USGS publications are those of the author and do not represent the views of the USGS, Department of the Interior, or the U.S. Government.