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» Apr 2 Seminar: Jasmina Arifovic

Apr 2 Seminar: Jasmina Arifovic

Date: 
Thu, 04/02/2009 - 12:00pm - 1:30pm
Seminar Information: 

Jasmina Arifovic

Professor of Economics, Simon Fraser University, BC Canada

"Individual Evolutionary Learning, Other-regarding Preferences, and the Voluntary Contributions Mechanism"
Location: 

4-5:30 pm
UM: 1202 SI North, 1075 Beal Ave
WSU: 313 State Hall (via videoconference)

Seminar Description: 

Article is attached below.

The data from experiments with the Voluntary Contributions Mechanism suggest four stylized facts. To date, no theory explains all of these facts simultaneously. We provide a new theory by merging our Individual Evolutionary Learning model with a variation of other-regarding preferences and a distribution of types. The data generated by our model are remarkably similar to data from a variety of experiments. Further, the data generated do not seem to depend in any crucial way on the exact values of the parameters of our model. That is, we have a robust explanation for most behavior in VCM experiments.

Jasmina Arifovic
Seminar Speaker Bio: 

Jasmina Arifovic is a professor of economics and Director of the Centre for Research in Adaptive Behaviour in Economics at Simon Fraser University in British Columbia, Canada. She received a B.A. in economics from University of Sarajevo (1981), and a Ph.D. in economics from the University of Chicago (1991). Her previous academic positions have included assistant professor at McGill University (1990-1993) and assistant professor at Simon Fraser University (1993-1997). Prof. Arifovic's main teaching areas are macroeconomic theory, monetary theory and computational economics. Her research interests focus on adaptive behavior of economic agents and experimental economics. She is currently working on an evolutionary model of currency crisis, laboratory experiments with the expectational Phillips curve, comparison of performance of adaptive and rational agents, and tacit coordination games. More information is available at http://www.sfu.ca/~arifovic/

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Individual Evolutionary Learning, Other-regarding Preferences, and the Voluntary Contributions Mechanism article pdf282.9 KB