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Thompson says America must "unchoose" policies that have led to mass incarceration

Axinn says new data on campus rape will "allow students to see for themselves the full extent of this problem"

Frey says white population is growing in Detroit and other large cities


Susan Murphy to speak at U-M kickoff for data science initiative, Oct 6, Rackham

Andrew Goodman-Bacon, former trainee, wins 2015 Nevins Prize for best dissertation in economic history

Deirdre Bloome wins ASA award for work on racial inequality and intergenerational transmission

Bob Willis awarded 2015 Jacob Mincer Award for Lifetime Contributions to the Field of Labor Economics

Next Brown Bag

Monday, Oct 5 at noon, 6050 ISR
Colter Mitchell: Biological consequences of poverty

Social Identity and Preferences

Archived Abstract of Former PSC Researcher

Download PDF versionBenjamin, Daniel J., James J. Choi, and A. Joshua Strickland. 2007. "Social Identity and Preferences." PSC Research Report No. 07-621. April 2007.

In two laboratory experiments, we test whether social identities can affect time and risk preferences. We find that when we make ethnic identity salient to Asian-American subjects, they make more patient choices. When we make race salient to white and black subjects, white subjects make more patient and less risk-averse choices, and non-immigrant blacks make more risk-averse choices. Our ethnic and racial identity results are consistent with U.S. demographic patterns in economic outcomes. Making gender identity salient causes risk aversion to conform to the gender risk aversion stereotype the subject believes is relatively more common. Our findings provide support for the hypothesis that cultural differences help explain differences in economic outcomes.

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