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| Date | Time | Room | Speaker | Affiliation | Synopsis | Paper |
|---|---|---|---|---|---|---|
11/09/2018 | 9:00AM to 10:30AM | Grainger 4151 | Melanie Wallendorf | See Synopsis | ||
| 02/08/2019 | 9:00AM to 10:30AM | Grainger 4151 | Avi Goldfarb | Rotman School of Management, University of Toronto | See Synopsis | Understanding the Impact of Artificial Intelligence |
| 02/22/2019 | 9:00AM to 10:30AM | Grainger 4151 | Robert Zeithammer | Anderson School of Management, University of California - Los Angeles | See Synopsis | Paying for a Chance to Save Money: Two-Part Tariffs in Name-Your-Own-Price Markets |
| 05/03/2019 | 9:00AM to 10:30AM | Grainger 4151 | Paul Piff | School of Social Ecology, University of California - Irvine | See Synopsis | Unpacking the Inequality Paradox: The Psychological Roots of Inequality and What is Social About Social Class? |
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Consumer Claims to Space in the Politics of Consumer Identity
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Prior theoretical research has shown that a Name-Your-Own-Price (NYOP) seller can profit from charging each prospective buyer a non-refundable fee for the opportunity to place a bid, akin to an entry fee to the seller’s store. We examine the profitability of such two-part tariffs in NYOP markets using incentive-compatible laboratory experiments. Overall, our results suggest two-part tariffs increase NYOP profit in a standard information-poor setting in the short run, but they are not as profitable as theory would suggest when the bidders get more information or experience. We also propose an individual-level non parametric test of the risk-averse expected utility model, and the test results suggest that this canonical model for decision making under uncertainty is not a good fit to the behavior of a substantial proportion of our subjects.
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What is Social About Social Class?
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Paul Piff, Professor, Department of Psychological Science, University of California Irvine
Synopsis
What is social about social class? How does money shape the mind, how people think about themselves and behave toward others? This talk will highlight the emerging psychological science of social class. I will describe studies showing that social class exerts a pervasive influence on the social realm, critically shaping emotions, morality, social relationships, materialism, and consumption.