Date: Jun.4, 2021

Time: 10:00-11:30

Speaker: ZHAO Xiaojian

Venue: Tencent Meeting (ID: 588 931 041)

This meeting is open to the public. Please note your real name and identity when you join the meeting.

【Speaker Intro】

Xiaojian Zhao is an associate professor at Monash University and the director of Monash Laboratory for Experimental Economics (MonLEE). His research covers contract theory with its applications in industrial organization and finance, and behavioral and experimental economics with particular focuses on motivated cognition and experimental semiotics. He has published in journals such as Journal of Political Economy, Review of Economic Studies, Management Science, Games and Economic Behavior, Experimental Economics, Journal of Economic Behavior & Organization, etc.

【Abstract】

The paper investigates the interplay between an intra-person-multi-self game and an inter-person interaction. Motivated beliefs supplied from memory management due to present bias in the individual investment problem gives rise to a positive spillover on others through social interactions. Our result establishes a positive relation between self-confidence and prosocial behaviors, and suggests that a high frequency of social interaction reduces an individual's tendency of cooperating with others, exacerbating the free-riding problem. Our empirical finding shows that people in countries with indulgent cultures tend to be more confident in terms of Rosenberg's self-competence score, individuals living in countries with high population density or extended family system appear less confident, and those in countries with high self-competence scores are more agreeable in Big Five personality traits, largely supporting our model implications.