ICES Occasional Brown Bag for November 19

Events, Seminars | November 12, 2015

Join us for an ICES Occasional Brown Bag Lecture, featuring Shuwen Li and Weiwei Tasch.

Ms. Li, of George Mason University, will discuss her paper (co-authored with Daniel Houser) On Stochastic Bargaining: Equilibrium and Efficiency in the Lab (abstract). Ms. Tasch, also of George Mason University, will discuss her paper Frozen, Changing, and Increasingly Accessible: Governing Risk in the Circumpolar North (abstract).

The talks will take place on Thursday, November 5th, in room 5075 of the Metropolitan Building, Arlington campus. Ms. Li will speak from 12:00pm to 12:30pm and Ms. Tasch will speak from 12:30pm to 1:00pm.

Coffee and dessert will be provided.

Please visit the Brown Bag Schedule to learn more about the Brown Bag series.

Li Abstract

We design experiments to inform the Merlo and Wilson (1995) stochastic k-player sequential bargaining theory. In their model, both the size of the cake as well as the order in which players move follow a general Markov process. This environment has been widely used to explain the presence of a non-negligible frequency of economically costly agreement delays (Merlo, 1997; Eraslan, 2008; Simcoe, 2012). Despite its use and influence, no laboratory test of this theory has yet appeared. We design a two-player two-period stochastic bargaining game where the timing and efficiency of equilibrium agreement differ among treatments. Our design promises to shed light on how people reconcile delay with efficiency when negotiating in stochastic environments, and offer new evidence on the Merlo-Wilson (1995) framework.

Tasch Abstract

This study is designed to address risk in a melting Arctic. The Arctic is emerging as a site of innovative political experimentation where national governments, indigenous peoples, and non-governmental actors are exhibiting exceptional cooperation in their co-creating an Arctic governance regime adaptable for a complex and dynamic set of changing economical, cultural and geophysical environments that largely derive from climate change.

Our main question, in an Arctic context, is how can we best deal with the unexpected and how can we reduce the economic effects of disasters. A set of questions that we will address in order to answer the main question includes 1) how can we be sure we are working on the right risks? How can we learn more from learning about risk controversies? 2) Whose views really are being considered and by whom? How can diverse stakeholders achieve a balance among sometimes complementary, at other times competing perspectives. 3) How can diverse stakeholders work together in an environment of uneven trust, and what roles do social media and risk communication play in building and blocking trust? We intend to answer the first and second questions through qualitative analysis, and the remaining questions through experimental methods.

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