Behavioral and Experimental Economics Discussion Group

(行為與實驗經濟學討論會)

 


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2011-12 NEUROECONOMICS COLLOQUIUM SERIES: (jointly held with Chen-Ying Huang, Wen-Jui Kuo and Shih-Wei Wu)

2012/ 3 /13-15: Peter Bossaerts (California Institute of Technology) and Andrew Caplin (New York University)

(TBA)


2011/12/15-16: Paul Glimcher (New York Unversity)

(I) Foundations of Economic Analysis and the Neural Representation of Utility
    (經濟分析之基礎與效用的神經表現):
12/15 () 1:30-3:30pm at NTU (社科院經大講堂)

ABSTRACT:
Over the past decade there has been a significant debate about how economics and neuroscience will influence each other. In this presentation I will argue that a meaningful synthesis of these disciplines will emerge only when serious economic theory is used to guide neurobiological inquiry. If this occurs I argue that it will yield a new class of economic theories that make both economic and neurobiological predictions, both of which can be meaningfully tested. To that end I will describe an axiomatic analysis of the neural representation of utility shocks. Based on fMRI data I will argue for the existence of a utility-like representation in a specific brain area. I will then show that a set of neural measurements in this brain area can predict later choice data. Differences between economic utility and the cardinal object we refer to as "subjective value", and the implications of these findings for cardinal theories of utility will be discussed.

(II) The Neurobiology of Choice and the Evolving Standard Model
     (決策的神經生理學與「變動標準」模型): 12/16
() 1:30-3:30pm at Yang-Ming University (陽明大學活動中心第三會議室)

ABSTRACT:
There is now broad agreement in the neurobiological community about the basic features of the neurobiological mechanism for human and animal decision making. I will review this emerging standard model and then present two specific studies. They will show how economic theory can inform neurobiological studies of brain mechanisms in a highly valuable way - modifying existing neurobiological theory. The second will show the reverse: neurobiological data that makes fundamentally novel predictions about inconsistent human choice behavior.


2011/10/18-20: Colin F. Camerer (California Institute of Technology)

(I) Cognitive Neuroscience and Game Theory
    (認知神經科學與賽局理論):
10/18 (二) 3:30-5:30pm at Yang-Ming University (陽明大學活動中心第三會議室)

ABSTRACT:
Game theory provides a vocabulary of canonical strategic interactions that are important in human social, political, and economic life. However, game theory has not been applied in cognitive neuroscience very much. This talk will discuss some recent studies using fMRI and disorders (autism) to illustrate how game theory might be useful in cognitive neuroscience.

(II) When Game Theory Predicts Well and Badly: Evidence from Lab, Field, and Chimps
     (賽局理論的預測力:從實驗室內、田野現場與黑猩猩所得到的證據): 10/20
() 1:30-3:30pm at NTU (社科院經大講堂)

ABSTRACT:
There is mixed evidence of how accurate game theoretic predictions are compared to human behavior. Cognitive hierarchy models can reconcile this evidence systematically, since they sometimes predict large deviations and sometimes predict small deviations. This will be illustrated with lab behavior, eyetracking, and field data from a Swedish lottery. An unusual domain in which game theory may work surprisingly well is when a particular species has evolved a special niche-dependent adaptation for certain types of fitness-enhancing games. This is addressed by comparing humans and chimps.

2011/ 5 /19-24: Russell Poldrack (UT Austin)

(I) Bridging Risky Decision Making and Decision Under Risk
    (「有風險的決策」與「風險下的決策」):
5/19 () 1:30-3:30pm  at NTU (社科院經大講堂)

ABSTRACT:
Neuroeconomics has provided substantial insights into the processes underlying economic concept of "decision under risk."  However, this work has largely failed to provide insights into "risky decision making", a lay concept with significant public health implications.  I will discuss the relation between these concepts, and outline how dynamic decision making tasks provide the potential to bridge the gap between these two concepts.

(II) Towards a Semantic Infrastructure for Cognitive Neuroscience: The Cognitive Atlas Project
     (認知神經科學圖譜): 5/24 () 3:30-5:30pm
at Yang-Ming University (陽明大學活動中心第三會議室)

ABSTRACT:
We are drowning in results from neuroimaging studies, but starving for an understanding of how these results inform brain function.  In order to integrate across this wealth of research findings, I propose that we need a formal semantic infrastructure similar to those developed in other areas of bioscience such as genomics. I will first describe a set of informatics tools that mine literature and neuroimaging databases to characterize the relation between neural and mental function. I will then describe the Cognitive Atlas project (www.cognitiveatlas.org), which aims to develop a knowledge base for mental structure. Finally, I will outline a proof of concept showing how such a database could be used to extract the latent structure of brain processes that underlie mental function.


2011/ 6 / 24 - 7 / 4 : Tai-Wei Hu (MEDS, Northwestern University) - Mini-course on Game Theory (at NTU)
課程介紹本課程分為五堂課,第一堂課回顧並介紹賽局理論的背景知識,第二堂課開始,從混和策略和奈許均衡的解讀出發,討論決策理論與賽局理論目前最新的研究發展和未來方向,希望能啟發同學對此一研究方向的興趣。 
    1.     (6/24, 2-5pm) Expected Utility Theory
   
2.     (6/27, 9am-12pm) Zero-sum Games
   
3.     (6/30, 9am-12pm) Nash Equilibrium
    4.     (7/ 1, 9am-12pm) Knowledge
   
5.     (7/ 4, 9am-12pm) Epistemic Logic
References: Nash (1951), Kuhn (1953), Hu (2010), Kaneko and Kline (2008), Hu and Kaneko (2011).


2008-09 SPECIAL GUEST SPEAKER SERIES:

2009/5/25-26: Filip Vesely (UW-Milwaukee)

(I) Introduction to z-Tree (The Popular Experimental Software)
     (實驗軟體z-Tree簡介): 5/25 2:10-5pm at  Sinica (中研院經研所B110會議室)
       
Fischbacher (2007), z-Tree: Zurich toolbox for ready-made economic experiments, Experimental Economics, 10(2), 171-178.
        See also the z-Tree website, Tutorial and Reference Manual for Version 2, and the latest Version 3 Wiki.

(II) Voluntary Separation as a Discipline Device for Long-Term Cooperation: Theory and Experiment
     (自願隔離如何維持長期合作:理論與實驗): 5/26 9:10am-12pm at  Sinica (
中研院經研所B110會議室)
            Vesely, Lei and Drewianka (2007), "Do Separation Laws Matter? An Experimental Study of Commitment," working paper.
        Eeckhout (2006), "Minorities and Endogenous Segregation," Review of Economic Studies, 73(1), 31-53.
        Fujiwara-Greve and Okuno-Fujiwara (2009), "Voluntarily Separable Repeated Prisoner's Dilemma," Review of Economic Studies, forthcoming.
        Rob and Yang (2009), "Long-Term Relationship as Safeguards," Economic Theory, forthcoming.

        ABSTRACT: We develop a game-theoretic model and an experiment to investigate the scope and patterns of cooperation in voluntary and thus potentially long-term bilateral partnerships. In our environment, agents must first play a prisoner’s dilemma game and then decide if they want to continue playing the game with the same partner for at least one more period or with a new counterpart. A separation can be unilaterally determined by one of the two partners and as such long term partnerships must be formed endogenously by mutual agreement. We observe decisions consistent with simple strategies as of Rob and Yang (2009) and Fujiwara-Greve and Okuno-Fujiwara (2009), as well as more complex strategies involving sequences in which subjects alternate periods of cooperation and defection. We find that because the conditional cooperation payoff-dominates the unconditional defection, the threat of unilateral separation serves as a discipline device for cooperation in the long-term.


2009/5/8: Vivian Lei (UW-Milwaukee)

Experiments (Laboratory and Field) on Growth and Development 
     (經濟成長與經濟發展的實驗): 5/8 12:35-3:25pm at NTU (社科院經大講堂)
        Abbink, Irlenbusch, and Renner (2006), "Group Size and Social Ties in Microfinance Institutions," Economic Inquiry, 44(4), 614-628.
        Cassar, Crowley, and Wydick (2007), "The Effect of Social Capital on Group Loan Repayment: Evidence from Field Experiments," Economic Journal, 117, F85-F106.
        Gina and Karlan (2008), "Peer Monitoring and Enforcement: Long Term Evidence from Microcredit Lending Groups With and Without Group Liability," working paper.
        Lei and Noussair (2007), "Equilibrium Selection in an Experimental Macroeconomy," Southern Economic Journal, 74(2), 448-482.
        Lei, Tucker, and Vesely (2007), "Foreign Aid and Weakest-Link International Public Goods: An Experimental Study," European Economic Review, April 2007, 51(3), 599-623.
        Lei and Noussair (2002), "An Experimental Test of an Optimal Growth Model," American Economic Review, 92(3), 549-570.


2009/3/2-3: Shachar Kariv (UC-Berkeley), Flyer

(I) Substantive and procedural rationality in decisions under uncertainty (slides)
     (從風險決策看本質理性與過程理性): 3/2 2-5pm at NTU (社科院經大講堂)
        Choi, Fisman, Gale and Kariv (2007), Revealing Preferences Graphically: An Old Method Gets a New Tool Kit, American Economic Review, Papers & Proceedings,  97(2), 153-158.
        Choi, Fisman, Gale and Kariv (2007), Consistency and Heterogeneity of Individual Behavior under Uncertainty, American Economic Review, 97(5), 1921-1938.
        Ahn, Choi, Gale, and Kariv (2007), Estimating Ambiguity Aversion in a Portfolio Choice Experiment.
        Choi, Fisman, Gale and Kariv (2006), Substantive and Procedural Rationality in Decisions under Uncertainty.

(II) Confronting theory with data and vice versa: experimental studies of social learning (slides)
       (用資料檢驗理論:社會學習實驗): 3/3 9-12pm at  Sinica (中研院經研所B110會議室)
    Gale and Kariv (2003), Bayesian Learning in Social Networks, Games and Economic Behavior, 45(2), 329-346.
    Çelen and Kariv (2004), Observational Learning Under Imperfect Information, Games and Economic Behavior, 47(1), 72-86.
    Çelen and Kariv (2004), Distinguishing Informational Cascades from Herd Behavior in the Laboratory, American Economic Review, 94(3), 484-497.
    Çelen and Kariv (2005), An Experimental Test of Observational Learning under Imperfect Information, Economic Theory, 26(3), 677-699.

Academic Seminar - Piercing the veil of ignorance (穿透無知之幕) 3/3 2:30-4pm at Sinica (中研院經研所B110會議室) (slides)


2009/2/23-27: Yan Chen (Michigan), Flyer

(I) Social identity in economics (社會認同): 2/23 9-12pm at NTU (社科院經大講堂) (slides)
         Chen and Li (2008), Group Identity and Social Preferences, American Economic Review, forthcoming.
(SOM)
         Chen and Chen (2008), The Potential of Social Identity for Equilibrium Selection.

(II) Online field experiments (網路現地實驗): 2/27 12-3pm at NTU (社科院經大講堂) (slides)
        Chen, Harper, Konstan and Li (2008), Social Comparisons and Contributions to Online Communities: A Field Experiment on MovieLens.
        Chen, Ho and Kim (2008), Knowledge Market Design: A Field Experiment on Google Answers.

Academic Seminar - Behavioral Spillovers in Multiple Games 2/24 10:30-12pm at Sinica (中研院經研所B110會議室)


2008/10/6-7: Vincent Crawford (Level-k Thinking): Flyer1, Flyer2 [Lecture Notes]


Time: Every other Monday 12:15-1:15pm (presentation) & 1:15-2:15pm (free discussion)

Place: 台大社會科學院行政大樓第二會議室 (臺北市徐州路21號行政大樓二樓第二會議室)

Contact:  Joseph Tao-yi Wang (josephw "at" ntu.edu.tw)

                Cheng-Chen Yang (ccyang "at" econ.sinica.edu.tw)

                Chen-Ying Huang (chenying "at" ntu.edu.tw)

Format: One hour presentation on papers in behavioral and experimental economics, followed by free discussion. 

Lunch will be provided to those who sign up in advance by emailing Joseph Tao-yi Wang.

 

Topics:

[12/17]  Organization Meeting and Introduction
                Paper: Camerer (2003), Behavioral Game Theory, Ch. 1
                Presenter: Joseph Tao-yi Wang

[12/31] Dominance-Solvable Games
                Paper: Camerer (2003), Behavioral Game Theory, Ch. 5.
                Presenter: Cheng-Chen Yang

[ 1 /14] Mixed Strategy Equilibrium
                Paper: Camerer (2003), Behavioral Game Theory, Ch. 3.
                Presenter: Chen-Ying Huang

[ 1 /28] Learning
                Paper: Camerer (2003), Behavior Game Theory, Ch. 6.
                Presenter: Joseph Tao-yi Wang

[ 2 /18] Guest Lecture (Special Location: 台大社會科學院行政大樓第會議室 )
                Paper: Wise Crowds or Wise Minorities (with C. Brunner)
                Presenter: Jacob K. Goeree (Div. of Humanities and Social Sciences, Caltech)

[ 2 /25] Guest Lecture
                Paper: Visual Pattern Analysis in the Ventral Stream of the Human Occipital Cortex
                Presenter: C. C. Chen (Dep. of Psychology, NTU)

[ 3 /17] Postponed (You are encouraged to go to Reinhard Selten's lecture at NCCU.)

 

[ 3 /24] Guest Lecture
                Paper: An Experimental Study of Decision-Making under Uncertainty – Individual, Group and Panel Data (Slides)
                Presenter: Chinn-Ping Fan (Dep. of Economics, Soochow Univ., joint with Mei-Hua Tsai and Bih-Shiow Chen)

[ 3 /31] Guest Lecture
                Paper: How to make machine learn and learn effectively?
                Presenter: Fu Chang (Institute of Information Science, Academia Sinica)

[ 4 / 9 ] Guest Lecture
                Paper: Experiments in Open Contents
                Presenter: Benjamin Chiao (School of Information, University of Michigan)

[ 4 /14 ] Special Guest Lecture (Special Place: 社法25)
                Paper: Systemic Rationality (12:00-1:45)
                Paper: An exploratory analysis of composite choices: Weighing rationality over irrationality (2:00-3:30)
                Presenter: Bijou Yang Lester (Drexel University)

[ 5 / 5] Experimental Design and Data Analysis
                Presenter: Joseph Tao-yi Wang

[ 5 /19] Social Preferences
                Paper: Camerer (2003), Behavioral Game Theory, Ch. 2.
                Presenter: Cheng-Chen Yang

[ 6 / 2 ] Student Presentation
                Paper: A Window of Cognition: Eyetracking the Decision-Making Process in Graphical Beauty Contest Games
                Presenter: Chun-Ting Chen (NTU)

 

NOTE: This project is sponsored and supported by the National Science Council and the Public Economics Center of NTU to promote research in behavioral and experimental economics.


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Last modified on January 31, 2012