January 2016 ANDREW JOHN SIU A.J.Siu@warwick.ac.uk http://www2.warwick.ac.uk/fac/soc/economics/staff/ajsiu +44 7714 528 254 EDUCATION PhD in Economics, University of Warwick (Expected) Supervisors: Andrew Oswald and Robert Akerlof Examiners: Graham Loomes and Matthias Sutter MSc in Economics, University of Warwick (with Distinction) BSc in Mathematics, University of Texas at Austin (with Honors) 2016 2010 2006 RESEARCH FIELDS & INTERESTS Behavioral and Experimental Economics, Applied Microeconomics, Social Preferences TEACHING EXPERIENCE Teaching Fellow at University of Warwick Research in Applied Economics Econometrics Lecture on Market Structures Teaching Assistant at University of Warwick Behavioral Economics Econometrics Mathematical and Statistical Techniques Game Theory (PhD level) 2015 – 2016 2015 – 2016 2015 – 2016 2015 2010 – 2015 Summer 2015 2014 – 2015 2010 – 2014 2011 – 2012 GRANTS, SCHOLARSHIPS AND AWARDS Warwick Awards for Teaching Excellence for PGR (Commended) Research Grant from Behavioral Science Global Research Priorities Warwick Economics Postgraduate Research Fellowship Hewitt Associates Actuarial Scholarship Mercer Human Resource Consulting Actuarial Scholarship Rudd and Wisdom Actuarial Studies Scholarship C. Mitchell Actuarial Scholarship 2014 – 2015 2014 – 2015 2010 – 2013 2005 – 2006 2005 – 2006 2005 – 2006 2004 – 2005 WORKING PAPERS “Intuition and Deliberation in Giving and Punishment” “Escalating Anger and Punishments: Testing Theories of Cumulative Anger” (under review) “A Theory of the Efficiency of Divorce with Interdependent Preferences” ANDREW JOHN SIU PAGE 2 WORKING PAPER ABSTRACTS “Intuition and Deliberation in Giving and Punishment” This paper studies why individuals differ in their tendencies to give altruistically and to punish norm violators. An online experiment investigates the role of dual systems of processing information, using a 40-item self-report questionnaire to measure (1) individual reliance on unconscious, intuitive feelings (Faith in Intuition) and (2) personal tendency to engage in effortful, deliberate thinking (Need for Cognition). I find that people who think more deliberately tend to resist the impulse to punish. Moreover, an increase in the cost of punishing reduces both the punishment frequency and altruistic giving. Lastly, I find that higher reliance on an intuitive way of processing information is associated with greater sensitivity of punishment to a cost increase than to a cost decrease. This asymmetry of sensitivity might be explained by loss aversion. “Escalating Anger and Punishments: Testing Theories of Cumulative Anger” This paper studies what motivates people to punish others in an increasingly severe way. A laboratory experiment uses a multi-round game where asymmetric information is created so that the repetition of a player’s potentially selfish action might reveal some private information to the punisher. The experimental design eliminates the motive of punishing to deter future selfish actions, in order to examine the intrinsic motivation for punishing. I find that a history of potentially selfish actions, in the absence of a deterrence motive, can still trigger harsher punishments. This might be due to an accumulation of anger, because these punishers also report higher levels of anger. Moreover, the data can distinguish between two competing hypotheses: anger is triggered by a partner’s action (failing to comply with the norm) or a belief about the partner’s type (selfishness). I find more support for the former than the latter. This suggests that cumulative anger arises from an action perceived as truly selfish, rather than an actor perceived as a selfish type. “A Theory of the Efficiency of Divorce with Interdependent Preferences” I develop a model of divorce in a setting where each player has a private value of the marriage and may or may not care about the partner's value. Thus, there is asymmetric information, and preferences may be interdependent. The first player can initiate the bargaining process, and the second player can propose to give or demand a transfer, which is then accepted or rejected by the first player. Rejection ends the marriage, but any previous decisions might also reveal one's own value of the marriage, which can additionally affect the partner’s payoffs. I derive equilibrium outcomes and characterize the welfare consequences of permitting divorce. A well-known theoretical result is that asymmetric information routinely leads to inefficient bargaining and divorce. I show that when preferences are sufficiently interdependent, then divorce can be efficient. Thus, asymmetric information is not a sufficient condition for inefficient divorce; sufficient lack of care about the partner is also necessary. PRESENTATIONS Intuition and Deliberation in Giving and Punishment Royal Economic Society PhD Meetings, Westminster Business School Stirling PhD Conference in Behavioral Science, University of Stirling Decision Research at Warwick, University of Warwick 2016 2015 2015 ANDREW JOHN SIU PAGE 3 RESEARCH IN PROGRESS “Information, Productivity and Happiness” with Daniel Sgroi and Shi Zhuo Today people have access to more information than ever before. Even though having access to more information usually improves decision making, there is a cost in terms of attention and cognitive resources to process information. Thus, one important question is: when does giving people more information benefit their productivity and happiness, and when is it harmful? We will design and run an experiment to examine the impact of providing additional relevant and useful information on productivity, as measured by reading comprehension. When there is time pressure, the additional information might hurt people whose attention and cognitive resources are divided. SKILLS AND QUALIFICATIONS Statistical Software: Stata, R, SAS, Excel Experimental Software: Z-Tree, Qualtrics Actuarial Qualifications: Exam P (Probability), Exam FM (Financial Mathematics), Exam C (Construction & Evaluation of Actuarial Models) Languages: English (fluent), Chinese (native), Spanish (basic) WORK EXPERIENCE Teaching Fellow at University of Warwick, Coventry, UK 2015 – Present Teaching Assistant at University of Warwick, Coventry, UK 2010 – 2015 Campus Outreach Associate at Church in Dallas, TX, USA 2008 – 2009 Trainee/Mentor at Living Stream Bible Truth and Church Service Training 2006 – 2008 Actuarial Intern at Texas Department of Insurance, TX, USA REFERENCES Prof. Andrew Oswald (Supervisor) University of Warwick +442476 523 032 A.J.Oswald@warwick.ac.uk Dr. Robert Akerlof (Supervisor) University of Warwick +442476 123 423 R.Akerlof@warwick.ac.uk Dr. Daniel Sgroi (Research) University of Warwick +442476 575 557 Daniel.Sgroi@warwick.ac.uk Prof. Jeremy Smith (Teaching) University of Warwick +442476 523 336 Jeremy.Smith@warwick.ac.uk CITIZENSHIP: United States 2005