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BEGIN:VEVENT
DTSTAMP:20260625T070430Z
DTSTART;VALUE=DATE-TIME:20130620T143000
DTEND;VALUE=DATE-TIME:20130620T154500
SUMMARY:DR@W forum: Gordon Brown (Psychology Department) & Nick Chater (W
 arwick ÌÇÐÄTV School)
TZID:Europe/London
UID:20130620-8a1785d77b065d9b017b5dc5cb4c1f2a@warwick.ac.uk
CREATED:20130311T165855Z
DESCRIPTION:Gordon Brown (Psychology Department) The inequality—well-bein
 g paradox and social rank: An income increase buys more life satisfactio
 n in more equal countries Income inequality is widely believed to influe
 nce society-level well-being\, but effects of inequality on individuals’
  subjective well-being are often small or absent. We examine the three-w
 ay relationship between income\, subjective well-being\, and inequality.
  We find that the income—well-being gradient is steeper in countries wit
 h more equal income distributions\, such that the positive effect of hig
 her in-come on well-being is larger in countries with low income inequal
 ity. The same effect holds across US states\, and is stronger for richer
  countries. Nick Chater (ÌÇÐÄTV ÌÇÐÄTV School) Virtual Bargaining: To
 wards a formal theory of joint action and coordination A fundamental puz
 zle in psychology and economics is: how do people coordinate their behav
 iour to best achieve their goals? Conventional game theoretic models fin
 d coordination difficult---intuitively\, the problem is that each agent 
 is having to second-guess what the other agents will do\, in a way that 
 can lead to nasty circularities. Here\, I suggest that people often coor
 dinate by making and implementing "virtual bargains." I define a feasibl
 e bargain as one such that no player can profit at the expense of anothe
 r by changing their move (this is a looser criterion than conventional N
 ash equilibrium)\; a standard bargaining model (e.g.\, Nash's bargaining
  solution) can then be used to choose between fea-sible bargains. I will
  illustrate the approach\, and point out some limitations and challenges
 . Download the Flyer
LOCATION:
CATEGORIES:Draw Forum
LAST-MODIFIED:20210819T093725Z
ORGANIZER;CN=Hana Sysalova:
END:VEVENT
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