“Advice, Social Learning and the Evolution of Conventions”, Cambridge University Press, (Forthcoming)
Over the past several years, I have engaged in a variety of research projects. In addition to the papers listed below, I am happy to announce that I will be publishing a new book entitled, Advice, Social Learning and the Evolution of Conventions, which will be published by Cambridge University Press in January of 2023.
Here is a blurb on the book:
This is a book on advice, its importance for decision making, and its influence on the evolution of conventions of behavior. The idea is simple. As societies progress old generations of social agents die and are replaced by new ones. We are interested in what happens in this transition as the old guard instructs the new arrivals about the wisdom of their ways. Do new entrants listen and follow the advice of their elders or dismiss it? Is intergenerational advice welfare improving or can it be destructive? Does such advice enhance the stability of social conventions or disrupt it? Using the concept of an Intergenerational Game and the tools of game theory and experimental economics, we study the process of social leaning created by intergenerational advice passed from generation to generation. As such this book presents a unique theoretical and empirical (experimental) study of the dynamics of social conventions not offered elsewhere.
The book is the culmination of a research agenda (still ongoing) consisting of about 13 papers on the topic of advice and decision making. The book includes these papers but offers set of new insights about the role of advice, decision making and convention transmission.
Brand-New Work
Temporal resolution of uncertainty
The Resolution of Uncertainty in the Value and
Probability Domains Lee,Ngangoue, Schotter_Sept23
Attention
“Planned Vs Actual Attention” Planned Vs Actual Attention” with Ala Avoyan, Mauricio Ribeiro, Andrew Schotter, Elizabeth R. Schotter, Mehrdad Vaziri, Minghao Zou), (Management Science)
Auctions
The Common Probability Auction Puzzle with Kathleen Ngangoue, ( American Economic Review)
“Social Learning and The Winner’s Curse”(with Andrew McClellan)
Communication in Psychological Games
Older Work by Topic
Response Time
“Is response time predictive of choice? An experimental study of threshold strategies” (with Isabel Trevino) (Experimental Economics (2021) 24:87–117)
Emotions and Decisions
“Short-term fluctuations in incidental happiness and economic decision-making: Experimental evidence from a sports bar” with Judd B. Kessler, Andrew McClellan, and
James Nesbit, Experimental Economics, Vol. 25.2022, 1, p. 141-169
Reciprocity
On Blame and Reciprocity: An Experimental Study (with Boganchan Celen and Mariana Blanco) blame_ ( Journal of Economic Theory)
Matching
Matching and Chatting: An Experimental Study of the Impact of Network Communication on School- Matching Mechanisms (with Tingting Ding) (Games and Economic Behavior)
Dynamic Games and Institutions
Complementary Institutions and Economic Development: An Experimental Study (with Andrew Kloosterman ) (Forthcoming Games and Economic Behavior)
Belief Elicitation
Belief Elicitation in the Lab with Isabel Trevino
Personality and Choice
Personality and Choice in Risky and Ambiguous Environments: An Experimental Study (with Guillaume R. Fréchette, and Isabel Treviño) March 2014 (Under Revision for Economic Inquiry)
Reciprocity
1) On Blame and Reciprocity: An Experimental Study (with Bogachan Celen and Mariana Blanco) See revision above
2) Intrinsic and Instrumental Reciprocity: An Experimental Study (with Luis Cabral and Erkut Ozbay) (Games and Economic Behavior 2014)
Public Goods
Network Architecture and Mutual Monitoring in Public Goods Experiments (with Jeffrey Carpenter, Middlebury and Shachar Kariv, Berkeley), Journal of Economic Design, Fall 2012
Level-k Theory
Beliefs and Endogenous Cognitive Levels: An Experimental Study (with Marina Agronov, Caltech, CESS, and Elizabeth Potamites, Mathematica, and Chloe Tergiman, UBC, CESS), Games and Economic Behavior 2012
Tournaments
Workaholics and Drop Outs in Organizations (with Wieland Mueller, Tilburg), Journal of the European Economic Association 8(4), June 2010
Search
Real Time Search in the Laboratory and the Market (with Christopher Flinn, NYU and Meta Brown, NY Fed), American Economic Review, 2011
Decision Making
Paying for Confidence: An Experimental Study of the Demand for Non-Instrumental Information” (with Kfir Eliaz, Brown), Games and Economic Behavior, 2010
Present-Bias, Quasi-Hyperbolic Discounting, and Fixed Cost (with Jess Benhabib, NYU and Albero Bisin, NYU, CESS), Games and Economic Behavior, 2010
Imitation and Luck: An Experimental Study on Social Sampling (with Theo Offerman, Amsterdam), Games and Economic Behavior,2008
Auctions
Understanding Overbidding: Using the Neural Circuitry of reward to Design Economic Auctions (with Mauricio R. Delgado, Rutgers and Erkut Y. Ozbay, Maryland and Elizabeth A. Phelps, NYU), Science, 2008
Creating Competition Out of Thin Air: An Experimental Study of Right-to-Choose Auctions (with Kfir Eliaz (NYU) and Theo Offerman, Amsterdam), Games and Economic Behavior, 2008
Bank Runs
On The Severity of Bank Runs (with Tanju Yorulmazer, NY Fed), Journal of Financial Intermediation, 2009
Advice and Social learning
An Experimental Test of Advice and Social Learning (with Boğaçhan Çelen, Columbia and Shachar Kariv, Berkeley), Management Science, September 2010
Talking Ourselves to Efficiency: Coordination in Inter-Generational Minimum Effort Games with Private, Almost Common and Common knowledge of Advice (with Ananish Chaudhuri, Auckland and Barry Sopher, Rutgers), The Economic Journal, January 2009
Methodology
What’s So Informative About Choice? (with Andrew Caplin, NYU, CESS), The Foundations of Positive and Normative Economics, 2009
On The Relationship of Economic Theory and Experiments, August 2009
Learning
Convergence: An Experimental Study (with Kyle Hyndman, Southern Methodist and Erkut Y. Ozbay, Maryland), forthcoming, Journal of the European Economic Association, January 2010
Belief Formation: An Experiment With Outside Observers (with Kyle Hyndman, Southern Methodist and Erkut Y. Ozbay, Maryland and Wold Ehrblatt, Symphony IRI Group), December 2010
Markets
Other People’s Money: An Experimental Study of the Impact of the Competition for Funds (with Marina Agranov, Caltech, CESS and Alberto Bisin, NYU, CESS), November 2010. Under Revision
Language
Language and Government Coordination: An Experimental Study of Communication in the Announcement Game (with Marina Agranov) R&R in Journal of Public Economics
Ignorance Is Bliss: An Experimental Study of the Use of Ambiguity and Vagueness in the Coordination Games with Asymmetric Payoffs† (with Marina Agranov) American Economic Journal: Microeconomics 2012, 4(2): 1–30