SBEE Seminar Series: Willemien Kets

Date: 
Mon, 11/07/2016 - 3:30pm to 5:00pm

Ehrlicher Room, 3100 North Quad

The Social, Behavioral and Experimental Economics lecture series is sponsored by the School of Information, the Ross School of Business and the Department of Economics. Speakers from U.S. and international universities present their research at weekly seminars in fall 2016.

Challenging Conformity: A case for diversity

Abstract:
This paper presents a novel mechanism under which diversity affects performance even if it has no direct impact on payoffs. Diversity matters because it influences the degree of strategic uncertainty that players face. We model this by incorporating the dual process account of Theory of Mind into the standard game-theoretic framework. Whether diversity is a cost or a benefit depends on whether the primary concern is to avoid miscoordination or to break out of an inefficient Nash equilibrium.

Speaker bio:
Willemien Kets is an Assistant Professor at MEDS at the Kellogg School of Management at Northwestern University. Her research interests are in microeconomic theory and behavioral/experimental economics. Her recent work focuses on bounded rationality and on identity and networks.