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(Anti)social Behavior, Economics of Crime, Exclusion and Gender
I use experimental methods in order to understand the behavioral determinants of people in different contexts. Although I have studied different topics, my research (or at least most of it) aims at resulting in policy recommendations for public policies. I study (dis)honesty and corruption which is a social scourge and represents a big challenge given its illegal and secret nature. Therefore, my research in this topic is twofold: I try to understand the determinants of corrupt/dishonest behavior, and I test treatments in which I expect to modify participants' behavior by reducing the level of bribery. I hope the results can be extrapolated to the real world resulting in public policies. Furt...
Context-Dependent Cheating
Policy makers use several international indices that characterize countries according to the quality of their institutions. However, no effort has been made to study how the honesty of citizens varies across countries. This paper explores the honesty among citizens across sixteen countries with 1440 participants. We employ a very simple task where participants face a trade-off between the joy of eating a fine chocolate and the disutility of having a threatened self-concept because of lying. Despite the incentives to cheat, we find that individuals are mostly honest. Further, international indices that are indicative of institutional honesty are completely uncorrelated with citizens' honesty for our sample countries.
Personality and Cognition in Economic Decision Making
Psychologists studying cognitive processes and personality have increasingly benefited from the wealth of theory, methodology, and decision making paradigms used in economics and game theory. Similarly, for the economists, personality traits and basic cognitive processes offer a set of coherent explanatory constructs in economic behavior. Given the debate on preference invariance and behavioral consistency across contexts and domains, the papers in this topic shed light on the existence and effect of stable sets of idiosyncratic features on economic decision-making. While the effects of personality and cognition on economic decisions remain under-explored, the papers contributed in this topic offer more than a stimulus for further research. The general message could be that personality and cognitive processes offer the stable idiosyncratic ground on which individual decisions are made.
A Fast and Frugal Finance
A Fast and Frugal Finance: Bridging Contemporary Behavioral Finance and Ecological Rationality adds psychological reality to classical financial reasoning. It shows how financial professionals can reach better and quicker decisions using the 'fast and frugal' framework for decision-making, adding dramatically to time and outcome efficiency, while also retaining accuracy. The book provides the reader with an adaptive toolbox of heuristic tools and classification systems to aid real-world decisions. Throughout, financial applications are presented alongside real-world examples to help readers solve established problems in finance, including stock buying and selling decisions, even in situation...
Identity Economics
How identity influences the economic choices we make Identity Economics provides an important and compelling new way to understand human behavior, revealing how our identities—and not just economic incentives—influence our decisions. In 1995, economist Rachel Kranton wrote future Nobel Prize-winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she argued, was the missing element that would help to explain why people—facing the same economic circumstances—would make different choices. This was the beginning of a fourteen-year collaboration—and of Identity Economics. The authors explain how our conception of who we are and who we want to be may sha...
Promises, Oaths, and Vows
Considering that getting along in civil society is based on the expectation that (most) people will do what they say they will do, i.e., essentially live up to their explicit or implicit promises, it is amazing that so little scientific attention has been given to the act of promising. A great deal of research has been done on the moral development of children, for example, but not on the child’s ability to make and keep a promise, one of the highest moral achievements. What makes it possible developmentally, cognitively, and emotionally to make a promise in the first place? And on the other hand, what compels one to keep a promise (or vow or threat) when there seems to be no personal adva...
Handbook on the Economics of Women in Sports
'In the Handbook on the Economics of Women in Sports, Leeds and Leeds put together an impressive list of heavy hitters in the sociology and economics literature on sports to produce a tour de force volume. The entire spectrum of international perspectives is covered, from US, Korean, and Australian sports to world competition at the highest level of the Olympics and international championships. Whether your interest is attendance at women's events, performance and rewards in women's pro sports, gender issues in US college sports, or international performance and how women compete, this handbook is a must read for any serious fan, and for all serious scholars interested in the impacts of bein...
Anti Dumping Duty and Firm Heterogeneity: Evidence from Korea(KIEP Working Paper 13-04)
This paper examines the imposition of Anti-dumping (AD) duties on foreign imported products in Korea. We use panel data for Korean firms between 2002 and 2010 and estimate the changed firm-level productivity of domestic import-competing firms before and after the imposition of duties. In contrast to recent research analyzing the effects of AD measures on firm performance, we find evidence of a decrease in estimated productivity of protected domestic firms during the AD protection period. We then discuss the channels behind our results and find that the average productivity losses are not driven by the changes in company account variables that influence firm productivity during the protection period. Instead, we find that AD protection has heterogeneous treatment effects on firm productivity depending on the market structure.
