Name: Gas Price Micro Market / Air Quality and Cognitive Performance
Start: 2019-04-17T18:00:00-06:00
End: 2019-04-17T20:00:00-06:00
Location: Odd Fellows Hall, 2nd floor

Talk 1: Gas Price Micro Markets, by Kai Lukowiak

Gas station prices are highly dependent on competition. Due to the nature of gasoline markets this competition is very local. Industry does not segment markets beyond the city level, potentially leaving profits on the table. Stations are also able to set their own prices to some extent (without the input from corporate), introducing variability into pricing. I use this variation to try and identify submarkts. I used python to scrap gasbuddy.com and pandas to clean the time-series data. I then imported the data into R and used the package tsclust to create a hierarchical cluster of the data based on euclidean distance and correlation. Other methods of clustering were investigated, most interestingly, dynamic time warping and Frechett Distance. These methods were abandoned because of their computationally expensive nature. I did not have the time or budget to set up my analysis on a large AWS cluster. I then set arbitrary cutoffs for the hierarchical clusters and used this classification as my labels. With these labels, created a KNN model to cluster the gas stations based on latitude and longitude. I then used a test set to validate the accuracy of my clustering algorithm. I had very promising results for gas stations that were very close to each other, however, I was unable to identify greater submarkets in a specific city (e.g., the north west of Calgary). I believe these poor results are due to the transient nature of markets and the poor quality of information gained from scrapping gasbuddy. Further analysis is needed to investigate how different clustering algorithms would work, along with diffferent hierarchical cutoff methods.

Kai is a passionate cross-country ski racer and runs two learn to ski websites with his mother and a national level coach. He graduated from the University of Calgary with a BA-H in Economics and from City University of New York with a MS in Data Science. He currently works in the retail gasoline sector. Kai loves solving interesting and challenging problems and dreams of one day entering the healthcare sector.

Talk 2: Clouded Thoughts: Air Quality and Cognitive Performance, by Arthur Novaes de Amorim

This paper investigates the impact of air pollution on the quality of decision-making in tasks demanding a high degree of inductive reasoning. I exploit air pollution shocks in South Korea and Japan induced by natural phenomena called Asian dust storms to quantify the effect of air quality on the cognitive performance of expert players of the strategy board game Go. I develop performance measures in the game with the assistance of Leela Zero - a Go-playing artificial intelligence stronger than any human - as an expert evaluator of moves played by highly skilled humans. For players above 30 years of age, I find that exposure to an Asian dust storm increases the propensity to blunder by approximately 15 percent or, equivalently, 2 game moves. The effect dissipates for younger players, consistent with a well-established literature suggesting an older population is more vulnerable to health effects of air pollution. My finding suggests the heterogeneous effects of air pollution on cognitive performance of individuals potentially affects tournament outcomes and may thus lead to allocative inefficiencies.

Arthur Novaes de Amorim is a PhD student in economics at the University of Calgary with interests at the intersection of environmental and behavioural economics. His research agenda is empirically-driven and focuses on applying concepts of statistical learning to unanswered questions of economist interest. Before starting his PhD, Arthur worked briefly as a research economist for Natural Resources Canada and extensively as a collaborative pianist and music teacher.

Cliff Sobchuk

Chel Hee Lee

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Pacific Inst. of Mathematical Sciences

Cenovus Energy

Dept. Math & Stats, Univ. of Calgary

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Gas Price Micro Market / Air Quality and Cognitive Performance

Odd Fellows Hall, 2nd floor

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