Higher Seminar in Economics | Implicit Preferences with Jonathan de Quidt
Welcome to the Higher Seminar in Economics organised by the Department of Economics, SSE. The seminar speaker is Jonathan de Quidt, IIES, Stockholm University.
Jonathan de Quidt is Assistant Professor, Institute for International Economic Studies. He is an applied micro-economist with particular interests in behavioral economics and in development economics
More about the speaker
Jonathan will be presenting a paper called "Implicit Preferences", written jointly with Tom Cunningham.
Abstract
We define an implicit preference over an attribute as one that is expressed more strongly the more that attribute is mixed with others. Thus a hiring manager with a pro-male implicit preference might choose female candidates over otherwise identical men, but switch to favoring men when they differ in additional attributes. We prove a representation theorem for a dataset of inequalities between comparative utilities, u(x,z), which allows us to identify implicit preferences both from cycles in binary choice, and from comparison-dependent evaluations. We show that implicit preferences can have diverse psychological foundations: rule-driven decision-making, signaling, and implicit knowledge. We apply the theory to two recent experimental datasets, finding evidence of implicit selfishness, implicit risk aversion, and implicit racial bias.
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