PhD Candidate in Applied Economics and Management - PDF document

1 Jubo Yan - Ph.D. Candidate in Applied Ec
Jubo Yan - Ph.D. Candidate in Applied Economics and Management - Cornell University Nov. 2013 1 JUBO YAN CONTACT INFORMATION : OFFICE HOME Dyson School of Applied Economics and Management Cornell University 438 Warren Hall Ithaca NY, 14853 Email: jy489@cornell.edu 333 Snyder Hill Road Ithaca NY, 14850 Phone: (347) - 857 - 7899 Web: http:// juboyan.weebly.com / EDUCATION Cornell University, Ithaca, NY Ph.D., Applied Economics and Management Expected May 2014 University of Delaware, Newark, DE M.S., Agricultural and Resource Economics August 2010 Beijing Normal University, Beijing, China M.A., Financial Economics June 2008 B.S., Computer Science June 2005 B.A., Business Administration (double degree ) June 2005 RESEARCH FIELDS Primary: Behavioral Economics, Environmental Economics Secondary: Experimental Economics , Energy Economics RESEARCH PAPERS Job Market Paper Expected Utility or Prospect Theory? Willingness to Accept (WTA) and Willingness to Pay (WTP) Disparity Under Uncertainty Two major theories that explain behaviors under uncertainty are expected utility and prospect theory. Behavioral and environmental economists have shown the inability of expected utility to explain the disparity between willingness to pay (WTA) and willin gness to pay (WTP) especially in environmental and public goods . E xisting studies usually describe such disparity as endowment effect and suggest explanation with loss aversion or prospect theory . Since no literature studies how uncertainty affects endow ment effect, I designed a laboratory experiment to test if prospect theory could still explain WTA - WTP disparity under uncertainty . The laboratory experiment features between - subject design where subjects reveal their valuations of the same commodity under different framings and at different referen ce points. A revised Becker - Jubo Yan - Ph.D. Candidate in Applied Economics and Management - Cornell University

2 Nov. 2013 2 DeGroot -
Nov. 2013 2 DeGroot - Marschak (BDM) mechanism was employed to elicit values to ensure incentive compatibility. Results reveal constant WTA - WTP disparity and decreasing WTA/WTP ratio in proba bility . R esult suggests subjects operate under both expected utility and prospect theory. The outcome based component in the valuation respond to probability linearly while the reference dependent component does not respond to probability. In addition , this result is consistent with a parsimonious model proposed by psychologists and some pioneer behavioral economist s naming dual process model. Publications Context Effects in a Negatively F ramed Social Dilemma Experiment. With Kent Messer and Jordan Suter. Environmental and Resource Economics 55(3):387 - 405. Estimating the Long - Run Effects of Environmental Policies on the Electricity Grid: Prices, Investment, Demand Response and Resulting Carbon Dioxide Emissions. With Dan iel Shawhan, John Taber, Ray Zimmerman, Di Shi, Charles Marquet, Yingying Qi, Biao Mao, Daniel Tylavsky , Richard Schuler, and William Schulze. ( Resource and Energy Economics , forthcoming ) Working Papers Public and Private Response to Terrorist E vents: A laboratory Experiment. With Kevin Kniffin, William Schulze and Brian Wansink. ( submitted ) Nudging Charitable Giving: Evidence from the Laboratory and Field. With Homa Zarghamee, Kent Messer and William Schulze. ( submitted ) University Licensing of Patents for Varie tal Innovations in Agriculture. With Bradley Richard, and Timothy Richards. ( submitted ) Power and the Price of Privacy: Privacy Concerns in Smart Metering and How Privacy - aware Smart Metering Can Facilitate the Smart Grid. With Dipayan Ghosh, Dawn Schrader, William Schulze, Robert Thomas, and Stephen Wicker. Quantifying the E ffect of M essage F rames on E conomic D ecisions about P rivacy: How V ideo M essages A ffects C onsumer W illingness to P ay for P rivacy in Smart M etering . Wi th Dipayan Ghosh, Dawn Schrader, Tony Liao, Tony Leong, St

3 ephen Wicker, and William Schulze . T
ephen Wicker, and William Schulze . The Sound of Cooperation: Musical I nfluences on Mood and Behavior. With Kevin Kniffin , William Schulze, and Brian Wansink . ( u nder review – Journal of Environmental Psychology ) Research in Progress Is Real - time Pricing Green? Predictions from Simulation Using Detailed Network Model. Holland and Mansur (2008) argued that real - time pricing (RTP) of electricity reduces demand variance which then leads to different environmental effects in different regions. If RTP were implemented, however, consumer behaviors would also have changed. I u se simulation method to study the Jubo Yan - Ph.D. Candidate in Applied Economics and Management - Cornell University Nov. 2013 3 environmental effect of RTP. The simulation uses detailed network model which contains all high voltage lines in contiguous US. It also features detailed cost and operational data at generator level. How Much Do People V alue Privacy? With Dawn Schrader, and William Schulze. A double blind laboratory experiment offering payment for personal information was designed to ascertain the value of privacy. Results suggest an extraordinarily sensitivity to disclosure in general, b ut insensitivity to the scope of disclosure. We suggest that insensitivity to privacy disclosure is due to the dominance of emotion rather than rational decision - making in determining the valuation of privacy. Other Presentations The Value of Privacy and Private Information - sharing in Online Communications. With Dawn Schrader and William Schulze. Association for Moral Education Annual Conference , San Antonio, TX, November 2012. Incentive Mechanism, Loan and Credit Rationing: A Field Experiment in China. With Calum Turvey, Ying Cao, Jiujie Ma, Rong Kong and Guangwen He. Chinese Economists Society Annual Conference , Kaifeng, China, June 2012. The WTO: Does it Increase Trade? A Loo k at the First Decade of the Twenty - first Century. With Kathryn Onken, and Titus Awokuse. Northeastern Agricultural and Resource Economics Association Annual Meeting , Atlantic Cit

4 y, NJ, June 2010. RESEARCH EXPER
y, NJ, June 2010. RESEARCH EXPERIENCE Investigator/Research Assistant, Laboratory of Experimental Economics and Decision Research, Cornell University, September 2010 - Now Research Assistant, The Engineering and Economics of Electricity Research Group, PSERC and CERTS, October 2010 - Now Research Assistant, Cornell Privacy and Ethics Research Group, Cornell University, September 2011 - Now Research Assistant, Experimental Economics Laboratory for Policy and Behavioral Research, University of Delaware, August 2008 - July 2010 T EACHING E XPERIENCE Teaching Assistant , International Finance and Economics, Beijing Normal University, September 2006 - May 2008 Jubo Yan - Ph.D. Candidate in Applied Economics and Management - Cornell University Nov. 2013 4 OTHER EXPERIENCE Intern, Agricultural Bank of China, Beijing, September 2007 - December 2007 Translator, China Youth Press, Beijing, April 2007 - September 2007 Editor, Academic Journal: School of Economics and Business Administration, Beijing Normal University, September 2005 - July 2006 REFERENCES Prof. William D. Schulze (Committee Chair) Dyson School of Applied Economics and Management (607) - 255 - 9611 wds3@cornell.edu Prof. Richard E. Schuler (Com mittee Member) Economics Department/ School of Civil and Environmental Engineering (607) - 255 - 7579 res1@cornell.edu Prof. David R. Just (Committee Member) Dyson School of Applied Economics and Management (607) - 255 - 2086 drj3@cornell.edu Prof. Brian C. Wansink (Committee Member) Dyson School of Applied Economics and Management/ Johnson Business School (607) - 254 - 4960 bcw28 @cornell.edu OTHER CONTACTS Linda Sanderson (Graduate Studies Assistant) Dyson School of Applied Economics and Management (607) - 255 - 8048 lgm2@cornell.edu Prof. Calum Turvey (Graduate Studies Director) Dyson School of Applied Economics and Management (607) - 255 - 5230 cgt6@cornell.edu Please email me to request more informatio