대학원생을 대상으로 다음과 같이 VEAEBES 세미나 신청 접수를 안내드리오니 많은 관심 부탁드립니다.

Virtual East Asia Experimental and Behavioral Economics Seminar Series (VEAEBES) 

VEAEBES is co-organized by Institute of Social and Economic Research, Osaka University, and Department of Economics, Seoul National University.

We provide a platform for behavioral and experimental economists to interact and engage with each other while sharing their research papers for the discipline of Behavioral and Experimental Economics.

We invite you to join our virtual seminar series. Please check the following information about the presentation and Zoom meeting registration link for our first virtual seminar.

Date & Time:

July 6, 2020 (Mon) 11:00 - 12:30 (Japan/Korea time zone)

Speaker:

Emanuel Vespa, Assistant Professor, Department of Economics, UC Santa Barbara

Title:

Mental Models and Learning: The Case of Base-Rate Neglect (joint with Ignacio Esponda and Sevgi Yuksel)

Abstract: 

We study whether suboptimal behavior can persist in the presence of feedback and examine the role that incorrect mental models play in this persistence. Focusing on a simple updating problem, we document using a laboratory experiment the evolution of beliefs in response to feedback. We compare a baseline treatment, in which a majority of subjects display base-rate neglect (BRN) in initial beliefs, to a control treatment that does not allow for BRN as a mental model but in which learning from feedback is similarly possible. Learning is slow and partial in the baseline, such that after 200 rounds of feedback, beliefs in this treatment are farther from the Bayesian benchmark relative to the control treatment. The treatment effect is linked to partial attentiveness to feedback by those subjects who initially display BRN in the baseline. Presenting subjects with evidence that unequivocally challenges their beliefs by summarizing feedback up to that point improves the accuracy of beliefs substantially and eliminates base-rate neglect. Finally, we find evidence that learning from feedback can generate insights (for example, that the base-rate should be considered in the belief formation process) that can be partially transferred to new settings.

 A link for the paper is here.

Register in advance for this meeting:

https://us02web.zoom.us/meeting/register/tZYofu2qqj0iGtC_noCSA7ETMVynKiEp1-8r

After registering, you will receive a confirmation email containing information about joining the meeting

Our upcoming seminars:

l  July 15, 2020 (Wed) 14:30 - 16:00 (Japan/Korea time zone)

Simin He (Shanghai University of Finance and Economics)

l  July 29, 2020 (Wed) 14:30 - 16:00 (Japan/Korea time zone)

Songfa Zhong (National University of Singapore)

l  August 5, 2020 (Wed) 14:30 - 16:00 (Japan/Korea time zone)

John Wooders (NYU Abu Dhabi)

l  August 19, 2020 (Wed) 14:30 - 16:00 (Japan/Korea time zone)

Lionel Page (University of Technology Sydney)

l  August 26, 2020 (Wed) 14:30 - 16:00 (Japan/Korea time zone)

Wooyoung Lim (HKUST Business School)