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 In the News: The Huffington Post ran a story on a study by STIET Co-PI, Professor Michael Wellman and STIET Fellow Elaine Wah that shows high-frequency stock trading is bad for profits, including those of high-frequency traders. Wellman also published an op-ed in TechCrunch about the work.

 40 Under 40! Former STIET fellow, Aniket Gune, has been named a Today Brand Innovators "40 Under 40" winner as one of the most innovative marketers under 40. Aniket is the Director of Social Media Acquisition at American Express, building end-to-end word-of-mouth social programs that drive card acquisition.

 Congrats! Former STIET fellow, Christopher Kiekintveld, has been awarded a CAREER grant for research on strategic decision making using computer gaming models.

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Nov. 8 Seminar: Dean Yang

Thu, 11/08/2012 - 4:00pm - 5:30pm
Seminar Information: 

Dean Yang

Associate Professor of Public Policy and Economics, University of Michigan

"Paternalism in Giving: Evidence from an Inter-Household Transfer Experiment in Mozambique"

4:00-5:30 pm
UM: 3100 North Quad, 105 S. State St.
WSU: 313 State Hall (via videoconference)

Seminar Description: 

Joint work with Catia Batista, Nova University and Dan Silverman, Arizona State University

We investigate the determinants of giving in a lab-in-the-field experiment involving large stakes. Respondents in urban Mozambique play dictator games where their counterpart is the closest person to them outside their immediate household. Our results are consistent with a simple model of paternalism in gift-giving, in which givers prefer recipients to consume certain goods, and not others. Dictators give a higher share of the endowment to counterparts when they have the option of giving in kind (in the form of goods) or in cash, compared to giving that must be in cash. Qualitative post-experiment responses reveal that this effect is largely driven by a desire to control how recipients use gifted resources. Standard economic determinants such as the rate of return to giving and the size of the endowment also affect giving, but the effects of even large changes in these determinants are significantly smaller than the effect of the in-kind option.

Seminar Speaker Bio: 

Dean Yang is an Associate Professor at the University of Michigan, where he holds tenured appointments in the Department of Economics and the Ford School of Public Policy. His areas of interest include international migration and remittances, microfinance, human capital, disasters, international trade, and crime and corruption. He is currently running survey work and field experiments among Central American migrant workers in the U.S., among potential overseas migrants in the Philippines, and on microfinance in Malawi and Mozambique. He teaches courses in development economics and microeconomics at the undergraduate, master, and Ph.D. levels. He was a visiting professor at Princeton University in 2006-07. He has worked as a consultant on development issues for the World Bank, the Inter-American Development Bank, the UNDP, and in El Salvador and Peru. A native of the Philippines, he received his undergraduate and Ph.D. degrees in economics from Harvard University.