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Dec
10
UCLouvain Economics Seminar - Willemien Kets, Oxford University
By UCLouvain Economics Seminar

Willemien Kets

Oxford University

will give a presentation on

A Theory of Strategic Uncertainty and Cultural Diversity

Abstract:
We identify a new mechanism through which cultural diversity affects economic outcomes, based on a model of culture as shared cognition. Under this view, cultural diversity matters because it increases strategic uncertainty. The model can help better understand a variety of disparate evidence, including why homogeneous societies can be more conformist, why diverse societies may get stuck in a low-trust trap, why companies with a strong culture may fail to adopt superior work practices, and why autocratic rulers in diverse societies may overinvest in state capacity.

Date
10 December
Time
12:45 - 14:00
Location
CORE B-135
Voie du Roman Pays, 34
Ottignies-Louvain-la-Neuve, Wallonie Belgique
Online
This is an online event at CORE B-135
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