Events

Conferences and Workshops

Quarter 4, 2015

Debayan Pakrashi (with Asadul Islam) organized a Workshop on Social Networks on October 5, 2015 at Monash University, Clayton campus, sponsored by the Centre for Development Economics and Sustainability (CDES) and Department of Economics, Monash University for IGC India Central.

Deep Mukherjee (with Tanika Chakraborty and SaraniSaha) organized a short-term course on Sustainable Development Policy & Management from November 30 to December 5, 2015 at the Department of Humanities & Social Sciences, Indian Institute of Technology Kanpur, sponsored by the Quality Improvement Program, All India Council of Technical Education. Link

Quarter 1, 2016

DPRN founding members organized the first Development Policy Research Network Workshop titled “Workshop on New Frontiers in Economics”Link and roundtable discussion with policymakersLink on March 16-17, 2016 at IIT Kanpur, sponsored by IIT Kanpur.

Seminars

Speaker: Prof Paul Frijters

Time: Tuesday, March 15, 2016, 4:30 pm

Venue: FB 620

Title: Give and you shall receive: the emergence of welfare-reducing reciprocity.

Abstract:

We develop a new experiment to study the emergence of welfare-reducing bilateral alliances within larger groups, and the effectiveness of institutional interventions to curtail this reciprocal alliance behaviour. In each of the 25 rounds of our experiments, a player (the `allocator') nominates one of three others as a co-worker (the `receiver'), which determines the group production that period to be the productivity of the receiver (which varies by round), but also gives the receiver a bonus and makes them the allocator in the next round. Alliances then form if two individuals keep choosing each other even when their productivities are lower than that of others, causing efficiency losses. Males and business students are found to be more likely to form welfare reducing alliances. Random allocator rotation policies and low bonuses fail to significantly improve overall welfare: rotation policies significantly reduce the rate of formation of new alliances but do not lead to the breakdown of existing alliances, while low bonus policies are only found to be effective when alliances are well established. This points to the importance of the strength of existing alliances for the chances of institutional interventions curtailing welfare reducing reciprocity, i.e. `back-scratching'.

Speaker: Prof Gigi Foster

Time: Thursday, March 17, 2016, 3:30 pm

Venue: FB 620

Topic: Expectation Formation in an Evolving Game of Uncertainty: Theory and new experimental evidence.

Abstract:

We examine the nature of stated subjective probabilities in a complex, evolving context in which true event probabilities are not within subjects' explicit information set. Specifically, we collect information on subjective expectations in a computerized car race game wherein participants must bet on a particular car but cannot influence the odds of winning once the race begins. In our setup, the actual probability of the good outcome (a win) can be determined based on computer simulations from any point in the process. We compare this actual probability to the subjective probability stated by participants at three different points in each of six races. In line with previous research in which participants have direct access to actual probabilities, we find that the inverse S-shaped curve relating subjective to actual probabilities is also evident in our far more complex situation, and that there is only a limited degree of learning through repeated play. We show that the model in the inverse S-shaped function family that provides the best fit to our data is Prelec's 1998 conditional invariant model.

News

Quarter 2, 2015

Dr. Debayan Pakrashi was awarded the 2014 Dean’s Award for Outstanding Research Higher Degree Theses, 2015 for his PhD thesis “Essays on Migration and Economic Development” in May 2015.

Dr. Debayan Pakrashi was awarded the Australian Alumni Excellence Award India 2015 under Young Achiever Category for his social contribution and work at the grassroot level in June 2015. Link

Quarter 3, 2015

Prof Arun Kumar Sharma received a fellowship from the Indian Academy for Mathematical Modelling and Simulation (IAMMS) in July 2015 for his outstanding contribution in research.

A team of IIT Kanpur students (guided by Dr. Deep Mukherjee) has been shortlisted in a research event "Jigyasa" (a part of the "Badh Chala Bihar" campaign organized by the Govt. of Bihar) that took place in August 2015. The team proposed a district level study on the determinants of agricultural productivity in the state of Bihar. As one of the selected teams, they were invited to Bihar to conduct sponsored field research. The team compiled data from various government departments, analysed the data, and submitted a project report in a short period of time. The project report can be accessed under the “Discussion Papers”.

Dr Debayan Pakrashi’s article "Can microcredit improve food security among the rural poor?" appearedon the Ideas for India website in September 2015 Link and on the Monash Business School website in October 2015. Link

Quarter 4, 2015

Dr Debayan Pakrashi’s article on physical activities and weight (with Grace Lordan from the London School of Economics) was widely publicized in the United Kingdom by the media. See Link 1 Link 2 Link 3 Link 4 Link 5 Link 6 Link 7 Link 8 Link 9