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Eric Hewitt Thesis Presentation - Harvard University

Transcript: Q2: Is the correlation negative? Scope 1 emissions are a small yet significant predictor of stock returns (not even a 10-year figure). Industry one-year r-sq's as high as 0.93 The corporation, the perpetual individual, needs to account for sustainability in their business models: To meet emission reduction targets To preserve shareholder wealth To manage climate change risks As a competitive advantage within an industry The Effects of Greenhouse Gasses and Sustainability Strategies on Stock Price Performance Climate change is the "single biggest risk to the economy today" (Hank Paulson: Secretary of the Treasury, CEO GS) "extreme weather events…failure of climate change mitigation and adaptation…and major natural catastrophes” are the second, third, and fifth of the top five global risks in terms of likelihood (World Economic Forum, 2016) Over half of global industrial emissions can be traced to just 25 corporate and state producing entities: 25 corporate and state producing entities account for 51% of global industrial GHG emissions. All 100 producers account for 71% of global industrial GHG emissions (CDP, 2017) Return v. Scope 1 & 2 Q3: Can metrics be identified to explain the correlations? Metric Analysis PREDICTORS: Earnings r-sq=0.0 Trailing 1y return r-sq=0.0 Best: P/E r-sq=0.4 Scope 1 r-sq=0.03 Q1: Can GHG emissions predict stock price return? 1-Tailed Sig. Test HYPOTHESIS: CO2e (GHGs) are significant to stock price return. If so, how strongly correlated & why? In different industries and years, different sustainability metrics matter RESULTS: Adding new variables and segregating the sample data by industry increased fit, strength, and the linearity of the original model RESULTS: 2013 Energy (***p = <0.001), R =96%, R2 = 93%, Adj. R2 = 88% Conclusion INTRODUCTION: Climate Change & the Economy Source: Vanguard, 2012 GHG emissions (Scope 1 & 2) significantly predicted stock price return (***p<0.001) 736 companies were included in the regression: 6-year total stock price return v. total scope 1 and scope 2 emissions for the same period RESULTS: For every 1% increase in metric tons of CO2e by a company, there will be a -0.181% decrease in 6-year return, holding Scope 2 total emissions constant. Correlation test to prove a negative slope Positive correlation between S1 & S2 (r=0.7) Weak negative correlation between S1, S2 & stock prices S1 **r= -0.175 S2 **r= -0.118 RESULT: Scope 1 and Scope 2 emissions will lower medium-term stock prices Why does this research matter? Eric P. Hewitt, Harvard University, May 2018 ALM, Sustainability (2017) erichewitt@alumni.harvard.edu

Harvard presentation

Transcript: AVID P.5 Harvard University Katie Kelsey History History General Overview General Overview Harvard University was founded September 8, 1636 by the General Court of Massachusetts Bay Colony. Name Havard University Cost Cost REGULAR STUDENTS Regular Students Students that don't go to Harvard on scholarships pay 43,280 for a tution without financial aid. Kids who do have financial aid pay 63,025 for a tuition with all the room,board,and fees combined. SCHOLARSHIPS Scholarships Students that go to Harvard on scholarships have to pay an average of $12,000 annually. Although, more than 55% of the students recieve scholarship aid. GRADES GRADES MAJORS MAJORS Some of the most popular majors at Harvard Universtity are Social Sciences, Biology/Biological sciences, Mathamatics , History,and Physical Science. SPORTS SPORTS Male sports Female sports Baseball Basketball Heavyweight crew Lightweight crew Cross Country Fencing Football Golf Ice Hockey Lacrosse Sailing Skiing Soccer Squash Swimming and Diving Tennis Track and Field Volleyball Water Polo Wrestling Heavyweight crew lightweight crew Cross Country Fencing Field Hockey Golf Ice Hockey Lacrosse Rugby Sailing Skiing Soccer Softball Squash Swimming and Diving Tennis Track and Field Volleyball Water Polo The average GPA to get into Harvard is a 4.04 and the acceptance rate is 6% for every 100 applictations.Also, there's no absolute SAT requirement but they at least wanna see a 1470. GPA GPA EXTRAS EXTRAS The student to faculty ratio is 7:1 and there are 6,700 undergraduate students. POPULATION POPULATION Some of Harvard's extracurricular activities are varsity sports like volleyball and basketball. They also, have sports like water polo and skiing. EXTRACURRICULAR ACTIVITIES EXTRACURRICULAR ACTIVITIES Some attractions around Harvard are the museums because there are 8 around the college.Also, the Harvard Square which is a plaza. ATTRACTIONS ATTRACTIONS An interesting fact about the college is that 8 Harvard alumni have served as USA presidents. Such as Barack Obama and Theodore Roosevelt. INTERESTING FACTS INTERESTING FACTS

Harvard Social Network Thesis Presentation

Transcript: Analyzing Why do we make friends in college with the people we do? Randomness v. who we already are on the first day of freshman year? Individual propensities v. Structural components of existing network? networks The Facebook social network of the 188 participating members of Harvard's Class of 2012 was not so extraordinary. Large Connected Component Diameter: 4 (Harvard) v. 12 (Facebook) Mean geodesic distance: < 2 (Harvard) v. 4.74 (Facebook) Degree distribution highly right-skewed Tight relationship between degree and betweenness centrality at beginning and end of study Harvard students There is some truth to the fact that freshman who are sorted into River Houses their freshman year are less likely to see their friends who have been "quaded". evolution The stochastic actor-oriented model incorporates empirical data by making the following assumptions: 1) The observations of the social network are snapshots of an underlying continuous network evolution. 2) The network evolved by following a Markov process. 3) The timesteps in this Markov process are the smallest possible components of network dynamics, the modification of a single tie. 4) The transition probabilities for this Markov process is determined by individual assessment of possible sets of outgoing ties. Actor assigns weights on potential friends based on attributes. Attributes can include individual covariates of the potential friend (ethnicity, gender, public high school), homophily between actor and potential friend (shared individual attributes), proximity effects (shared dorm or academic field), and relational effects (density of graph, triadic closure, preferential attachment) Or in math language, the actor's decision of new friend is a stochastic optimization of...... Given this process, use a computer program to run thousands of simulations of social networks tweaking the relative importance of the factors in the model, until the simulations converge to (a close resemblance of) the observed network. Analyzing the evolution of the Facebook friendship network of Harvard students friendship What individual and structural attributes predicted self-reported social satisfaction? A) Number of self-reported close friends ("friends who you would consult or confide in regarding personal matters") B) Total number of friends in network C) Betweenness centrality in network D) Being in Adams house versus Currier house Betweenness centrality is a measure of the "importance" of a person in a social network in terms of facilitating flow of communicable things (both positive, such as information, and negative, such as germs) through a social network. It is calculated by normalizing the amount of shortest paths through the network that run through each individual in the network. Ans: Mostly A with a bit of D. Why are we friends again? But there are limitations! Facebook friends are not the same as real friends Missing data - only about 1/9 of the Harvard Class of 2012 participated in the study Quad-Yard Social Satisfaction riented S A tocastic ctor Motivation t Social Networks So what does this process look like? (cc) image by jantik on Flickr M O odels Randomly select an alter based on this weighting.

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Transcript: Wisdom does not flow like water Plato’s Critique of Pederasty Pederasty Background Symposium Pederasty My Project Pausanias' Speech Pausanias' Speech Two Aphrodites Uranian Heavenly Pandemos Common Text Text Pictures Pictures "Here, Socrates, lie down alongside me, so that by my touching you, I too may enjoy the piece of wisdom that just occurred to you while you were in the porch. It is plain that you found it and have it, for otherwise you would not have come away beforehand." Agathon and Socrates “It would be a good thing, Agathon, if wisdom were the sort of thing that flows from the fuller of us into the emptier, just by our touching one another, as the water in wine cups flows through a wool thread from the fuller to the emptier. For if wisdom too is like that, then I set a high price on my being placed alongside you, for I believe I shall be filled from you with much fair wisdom. My own may turn out to be a sorry sort of wisdom, or disputable like a dream; but your own is brilliant and capable of much development, since it has flashed out so intensely from you while you are young; and yesterday it became conspicuous among more than thirty thousand Greek witnesses." "You are outrageous, Socrates," Agathon said. "A little later you and I will go to court about our wisdom, with Dionysus as judge, but now first attend to dinner." how water flows Principle at play When they do engage in a contest about love Timeline YEAR Alcibiades' Speech Socrates, he claims, is like “those silenuses that sit in the shops of herm sculptors, the ones that craftsman make holding reed pipes or flutes; and if they are split in two and opened up they show they have images of gods within.” (215b) Alcibiades' Speech You, in my opinion,' I said, 'have proved to be the only deserving lover of mine; and it seems to me that you hesitate to mention it to me. Now I am in this state: I believe it is very foolish not to gratify you in this or anything else of mine—my wealth or my friends—that you need; for nothing is more important to d me than that I become the best possible; and I believe that, as far as I am concerned, there is no one more competent than you to be a fellow helper to me in this. So I should be far more ashamed before men of good sense for not gratifying a man like you than I should be before the many and senseless for gratifying you.' Seduction Scene 'Really, my dear Alcibiades, you're no sucker if what you say about me is really true and there is some power in me e through which you could become better. You must see, you know, an impossible beauty in me, a beauty very different from the fairness of form in yourself. So if, in observing my beauty, you are trying to get a share in it and to exchange beauty for beauty, you are intending to get far the better deal. For you are trying to acquire the truth of beautiful things in exchange for the seeming and opinion of beautiful things; and you really have in mind to exchange "gold for bronze." But blessed one do consider better: Without your being aware of it—I may be nothing. Thought, you know, begins to have keen eyesight when the sight of the eyes starts to decline from its peak; and you are still far from that.' Conclusion conclusion If Socrates were to have sex with Alcibiades, he would perpetuate: 1) the idea that people can make each other wise. impact: prevent Alcibiades from realizing his ignorance about wisdom 2) Alcibiades belief that his physical attractiveness is the most important thing about him impact: the belief could harm Alcibiades as he begins to decline from his physical peak, when “Thought begins to have keen eyesight.” (219a) 3) Socrates would be no better than the sophists who cannot acknowledge the ways in which they are ignorant, and thus, risk self-deception. Advantages Advantages to my account: -Fits with the well-known picture of a Socrates who: 1) proclaims his own ignorance. 2) critiques the Sophists for i. both not acknowledging what they do not know ii. exchanging money for wisdom -Makes explicit the way Plato critiques the customs of his time -Throws into question a vision of Socrates as someone who consistently denies bodily urges -Makes clear that the container model is supposed to function in opposition to the image of pregnancy and birth. Accounts of “Plato’s Appropriation of Reproduction” run these two images together.

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