ICES Occasional Brown Bag for October 31

Events | October 29, 2013

Join us for an ICES Occasional Brown Bag Lecture featuring Kristian Lopez Vargas.

Lopez Vargas, of the University of Maryland, will discuss his paper The Demand for Expressing Emotions. The talk will take place on Thursday, October 31st, from 12:00PM to 1:00PM, in room 5075 of the Metropolitan Building, Arlington campus.

Coffee and dessert will be provided.

If you plan to attend, please RSVP with Stan Tsirulnikov.

Please visit the Brown Bag Schedule to learn more about upcoming brown bags.

Abstract

Abstract economics has mainly studied communication for its instrumental purpose, that is, for how it affects play and outcomes in the material interaction. We research on the non-instrumental aspect of communication. In particular, we study the material value and purpose of ex-post verbal expression in a modified Power-to-Take game, where previous research suggests expression is likely to be driven by mood-emotional episodes. Our main findings show this type of expression has a non-negligible material value and, that purely expressive as well as reciprocal motives are both significant components of this valuation. We also find that the anticipation of expression induces a more pro-social taking behavior. Finally, we document that stronger mood and emotional reactions are associated to higher valuation for expression. Our research indicates that incorporating expression possibilities in economic interactions can have an important impact on well-being via other psychological mechanisms besides those instrumental and informational channels normally studied in cheap talk.

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