Complex Systems: 'Choice, risk and motivated cognition: Contributions from economic models' - Nov. 7, 2014

Friday, Nov. 7, 11:30 a.m.-12:45 p.m. ConocoPhillips Integrated Science Building, Room 105A

Jonathan Alevy and Lance Howe, faculty in the UAA Department of Economics and Public Policy, will present on "'Choice, risk and motivated cognition: Contributions from economic models."

Abstract: This talk develops core concepts in theoretical and empirical modeling of economic choices, drawing also on work that incorporates findings from other social and behavioral sciences. Bayesian decision-making and utility maximization are traditional tools that provide useful benchmarks for understanding economic choices. We introduce these tools and provide an overview of how models of economic decisions have been broadened to address informational asymmetries, details of cognition (dual process models) and personal identity. Applications to research in progress on recreational demand on the Kenai Peninsula and to the impact of identity on inference (motivated cognition) are discussed.

All Complex Systems talks are free and open to public. Parking on campus is free on Fridays.

November Archive