Prof Daniel Zizzo
Professor of Economics Head of School and Associate Dean (Research)
| Job Title | Contact | Location |
|---|---|---|
|
Professor of Economics
Head of School and Associate Dean (Research) |
D dot Zizzo at uea dot ac dot uk
Tel: +44 (0)1603 59 3668 |
Arts 3.46 |
Biography
Daniel Zizzo is primarily an experimental and behavioural economist. Much (though not all) of his research is motivated by the search for more realistic empirical and theoretical foundations of economic decision-making. Current research interests include bounded rationality, consumer behaviour and nudging in the presence of complexity and inattention, expectation formation and behavioural macroeconomics, authority, social pressure and social preferences, cooperation and the methodology of experimental economics. They also include macroeconomic and microeconomic applications of theoretical ideas. He teaches "Experimental Economics" and is a Coordinating Editor of Theory and Decision.
He is a Research Associate in the Centre for Applied Macroeconomic Analysis (CAMA) at Australian National University and a member of the UEA Centre for Behavioural and Experimental Social Science (CBESS), of the ESRC Centre for Competition Policy (CCP), of the Department of Health Behaviour and Health Research Unit (BHRU), of the Centre for Copyright and New Business Models in the Creative Economy (CREATe), of the UTS Paul Woolley Centre for Capital Market Dysfunctionality and of the CASS Behavioural Finance Working Group. He is a member of the ESRC Peer Review College, of the Forum of Consumer Experts of the UK Office of Rail Regulation and of the Editorial Board for the Journal of Consumer Policy. He is also a Coordinating Editor of Theory and Decision. He has received external funding from the AHRC, ANU, Bank of England, the British Academy, the ESRC, the Nuffield Foundation, the OECD and the University of Technology Sydney.
Career
Academic Background
Laurea (1994),
M.A. (2003),
M.Phil. (1997),
D.Phil. (2000),
Website
Key Research Interests
Ongoing funded projects
Behaviour and Health, Department of Health, January 2011-December 2015 (with Marc Suhrcke and BHRU team).
Funded projects completed
Emotions and Communication in a Financial Markets Experiment, Nuffield Foundation, April 2009 – October 2010 (with Shaun P. Hargreaves Heap).
Money Burning, Envy and Development: An Experimental Case Study in Ethiopia, ESRC, June 2008 – November 2009 (with Bereket Kebede). Abstract
Inferential Expectations, Exchange Rates and Interest Rates: An Experimental Study, Nuffield Foundation, February 2006 – December 2010 (with Gordon D. Menzies). Cofunding obtained from the University Technology Sydney, July 2005 – December 2010, and from the Bank of England, January 2006 – June 2007.
Do Individual Differences in Social Desirability Bias Imply Sensitivity to Social Pressure and Risk? Nuffield Foundation, August 2008 – July 2009 (with Pires Fleming).
Statistical Inference on Equilibrium Exchange Rates: An Experimental Study, British Academy, April 2007 – October 2008 (with Gordon D. Menzies).
Measuring the Contribution of Social Group Membership to Well-Being, Nuffield Foundation, February 2006 – July 2007 (with Shuan Hargreaves Heap).
Trust on the Internet, OECD in collaboration with the Oxford Internet Institute, December 2002 – April 2003.
Similarity and Bargaining, ESRC, March 2002 – February 2003. Also awarded grant from British Academy for same project (December 2001).
Journal Articles
B. Lyons, G.D. Menzies and D.J. Zizzo, "Conflicting Evidence and Decisions by Agency Professionals: An Experimental test in the context of Merger Regulation", Theory and Decision, forthcoming.
D.J. Zizzo and P. Fleming, "Can Experimental Measures of Sensitivity to Social Pressure Predict Public Good Contribution?", Economics Letters, forthcoming. Social Science Research Network Discussion Paper, February 2010. Also available as University of East Anglia Centre for Behavioural and Experimental Social Science Working Paper 10-03, February 2010. Experimental instructions.
T. Henckel, G.D. Menzies, N. Prokhovnik and D.J. Zizzo, "Barro-Gordon Revisited: Reputational Equilibria with Inferential Expectations", Economics Letters, forthcoming. University of East Anglia School of Economics Applied Econometrics and Policy Working Paper n. 18, October 2010. Also available as an Australian National University Centre for Applied Macroeconomic Analysis Discussion Paper n. 29, October 2010.
P. Fleming and D.J. Zizzo, "Social Desirability, Approval and Public Good Contribution", Personality and Individual Differences, forthcoming. Earlier version available as Social Science Research Network Discussion Paper, December 2009, and as University of East Anglia Centre for Behavioural and Experimental Social Science Working Paper 09-11, December 2009. This is a paper tailored for a psychology journal. Experimental instructions.
D.J. Zizzo and J.H.W. Tan, "Game Harmony: A Behavioral Approach to Predicting Cooperation in Games", American Behavioral Scientist, forthcoming. Old version available as Nottingham University Business School Research Paper No. 2009-10, April 2009.
S. Sitzia and D.J. Zizzo, "Does Product Complexity Matter for Competition in Experimental Retail Markets?", Theory and Decision 70(1), January 2011, pp. 65-82. Old version available as Social Science Research Network Discussion Paper, November 2008. Slightly updated version available as a University of East Anglia ESRC Centre for Competition Policy Working Paper 08-33, December 2008.
Y. Breitmoser, J.H.W. Tan and D.J. Zizzo, "Understanding Perpetual R&D Races", Economic Theory, 44(3), September 2010, pp. 445-467. Earlier edition available as University of Nottingham CeDEx Discussion Paper 2008-04 and also available as University of East Anglia ESRC Centre for Competition Policy Working Paper 08-22, March 2008; corresponding electronic appendices.
M. Perugini, J.H.W. Tan and D.J. Zizzo, "Which is the More Predictable Gender? Public Good Contribution and Personality", Economic Issues 15(1), March 2010, pp. 83-110. Most recent version (November 2008).
"Experimenter Demand Effects in Economic Experiments", Experimental Economics 13(1), March 2010, 75-98. Old version available as Social Science Research Network Discussion Paper, July 2008.
G.D. Menzies and D.J. Zizzo, "Inferential Expectations", B.E. Journal of Macroeconomics 9(1) (Advances), Article 42. Abstract. Winner of the 2009 Kenneth J. Arrow Senior Prize. Formally January 2009, but accepted September 2009 and published December 2009.
S.P. Hargreaves Heap and D.J. Zizzo, "The Value of Groups", American Economic Review 99(1), March 2009, pp. 295–323. Most recent version with electronic appendices (January 2008).
D. Sgroi and D.J. Zizzo, "Learning to Play 3x3 Games: Neural Networks as Bounded-Rational Players", Journal of Economic Behavior and Organization 69(1), January 2009, pp. 27-38. Most recent version and accompanying technical appendix (December 2007).
"Anger and Economic Rationality", Journal of Economic Methodology 15(2), June 2008, pp. 147-167. Old version available here.
J.H.W. Tan and D.J. Zizzo, "Groups, Cooperation and Conflict in Games", Journal of Socio-Economics 37(1), February 2008, pp. 1-17.
"The Cognitive and Behavioral Economics of Envy", in R.H. Smith (ed.), "Envy: Theory and Research", Oxford University Press (Affective Science Series), 2008, pp. 190-210. An old version can be found here as a Social Science Research Network Discussion Paper, May 2007. This working paper is discussed in a Forbes October 2007 article on ‘America’s most jealous cities’, and more generally some of my views on envy are reported in a New Scientist article on ‘Are humans cruel to be kind?’, dated May 13, 2009.
M. Bacharach, G. Guerra and D.J. Zizzo, "The Self-Fulfilling Property of Trust: An Experimental Study", Theory and Decision 63(4), December 2007, pp. 349-388. Old version available here. Experimental Instructions and Raw Data.
D.J. Zizzo and J.H.W. Tan, "Perceived Harmony, Similarity and Cooperation in 2 x 2 Games: An Experimental Study", Journal of Economic Psychology 28(3), June 2007, pp. 365-386. Old version available here. Experimental Instructions.
D. Sgroi and D.J. Zizzo, "Neural Networks and Bounded Rationality", Physica A 375(2), 1 March 2007, pp. 717-725.
W. Dutton, G.A. Guerra, D.J. Zizzo and M. Peltu, "The Cyber Trust Tension in E-Government: Balancing Identity, Privacy, Security", Information Polity 10(1-2), December 2005, pp. 13-23.
"Transfer of Knowledge and the Similarity Function in Economic Decision-Making", in D.J. Zizzo (ed.), "Transfer of Knowledge in Economic Decision-Making", Palgrave Macmillan, 2005, pp. 1-27.
"Simple and Compound Lotteries: Experimental Evidence and Neural Network Modelling", in D.J. Zizzo (ed.), "Transfer of Knowledge in Economic Decision-Making", Palgrave Macmillan, 2005, pp. 166-193. Two computer displays from the experiment are shown here. The old version of the paper can be found here as Oxford University Department of Economics Discussion Paper n. 57, January 2001.
"The Neuroeconomics of Anger", Homo Oeconomicus 21(3/4), December 2004, pp. 495-508.
G. Guerra and D.J. Zizzo, "Trust Responsiveness and Beliefs", Journal of Economic Behavior and Organization 55(1), September 2004, pp. 25-30. The more extended discussion paper version can be found here.
"Inequality and Procedural Fairness in a Money Burning and Stealing Experiment", in F.A. Cowell (ed.), Research on Economic Inequality, volume 11, Elsevier, 2004. The discussion paper version can be found here as Oxford University Department of Economics Discussion Paper n. 155, April 2003. A Daily Telegraph blog refers to this work.
"Money Burning and Rank Egalitarianism with Random Dictators", Economics Letters 81(2), November 2003, pp. 263-266.
"Empirical Evidence on Interdependent Preferences: Nature or Nurture?", Cambridge Journal of Economics 27(6), November 2003, pp. 867-880.
"Transfer of Knowledge in Economic Decision-Making: An Overview", Greek Economic Review 22(2), Summer 2003, pp. 1-10.
"Verbal and Behavioral Learning in a Probability Compounding Task", Theory and Decision 54(4), June 2003, pp. 287-314.
S. Stolarz-Fantino, E. Fantino, D.J. Zizzo and J. Wen, "The Conjunction Fallacy: New Evidence for Robustness", American Journal of Psychology 116(1), Spring 2003, pp. 15-34.
"Neurobiological Measurements of Cardinal Utility: Hedonimeters or Learning Algorithms?", Social Choice and Welfare 19(3), July 2002, pp. 477-488.
"Racing with Uncertainty: A Patent Race Experiment", International Journal of Industrial Organization 20(6), June 2002, pp. 877-902.
"Between Utility and Cognition: The Neurobiology of Relative Position", Journal of Economic Behavior and Organization 48(1), May 2002, pp. 71-91.
D.J. Zizzo and A.J. Oswald, "Are People Willing to Pay to Reduce Others’ Incomes?", Annales d’Economie et de Statistique 63-64, July-December 2001, pp. 39-62. A draft can be found here. Reviewed by The Economist, 16 February 2002 issue - and appeared in a few other places around the same time, including The Guardian, De Spiegel and the Oxford student journal Cherwell! Most recently, it has been referred to in the December 26, 2008, issue of the New York Times to explain ‘why we are still happy’ notwithstanding the recession.
"Situational Determinants of Risk-Taking Behavior in a Lottery Race Game", Greek Economic Review 21(1), Spring 2001, pp. 37-51.
Books
"Transfer of Knowledge in Economic Decision-Making" (edited book), Palgrave Macmillan, 2005.
Book Chapters, Reviews, Reports and Contributions to Collections/Proceedings
"Hate as a Preference, Commodity, Emotion or Thought", Economic Issues, forthcoming. Book review on S. Cameron (2009), The Economics of Hate, Cheltenham: Edward Elgar.
"The Cognitive and Behavioral Economics of Envy", in R.H. Smith (ed), Envy: Theory and Research, Oxford University Press (Affective Schience Series), August 2008.
G.D. Menzies and D.J. Zizzo, "Rational Expectations", in W. Darity Jr.(ed.), International Encyclopedia of the Social Sciences, 2nd Edition,Detroit: Macmillan Reference USA, vol. 3, January 2008, pp. 51-53.
"Endogenous Preferences", in W. Darity Jr. (ed.), International Encyclopedia of the Social Sciences, 2nd Edition, Detroit: Macmillan Reference USA, vol. 2, January 2008, pp. 586-587.
"Interdependent Preferences", in W. Darity Jr. (ed.), International Encyclopedia of the Social Sciences, 2nd Edition, Detroit: Macmillan Reference USA, vol. 6, January 2008, pp. 437-438.
"The Indeterminacy of the Beliefs, Preferences and Constraints Framework", commentary to H. Gintis, "A Framework for the Unification of the Behavioral Sciences", Behavioral and Brain Sciences 30(1), February 2007, pp 44-45.
"Transfer of Knowledge and the Similarity Function in Economic Decision-Making", in D.J. Zizzo (ed.), "Transfer of Knowledge in Economic Decision-Making", Palgrave Macmillan, 2005, pp. 1-27.
"Simple and Compound Lotteries: Experimental Evidence and Neural Network Modelling", in D.J. Zizzo (ed.), "Transfer of Knowledge in Economic Decision-Making", Palgrave Macmillan, 2005, pp. 166-193.
"Economic Man: Self-Interest and Rational Choice", commentary to J. Henrich, R. Boyd, S. Bowles, C. Camerer, E. Fehr, H. Gintis, R. McElreath, et al., "'Economic Man' in cross-cultural perspective: Behavioral experiments in 15 small-scale societies", Behavioral and Brain Sciences 28, December 2005, pp. 837-838.
"Serotonin, Dopamine and Cooperation", commentary to R.A. Depue and J.V. Morrone-Strupinsky, "A Neurobehavioral Model of Affiliative Bonding: Implications for Conceptualizing a Human Trait of Affiliation", Behavioral and Brain Sciences 28, June 2005, p. 370.
"Inequality and Procedural Fairness in a Money Burning and Stealing Experiment", in F.A. Cowell (ed.), Research on Economic Inequality, volume 11, Elsevier, 2004.
"Introspection and Intuition in the Decision Sciences", commentary to S. Roberts, "Self-Experimentation as a Source of New Ideas", Behavioral and Brain Sciences 27, April 2004, pp. 274-275.
G. Guerra, D.J. Zizzo, W Dutton and M. Peltu, "Economics of Trust in the Information Economy", Oxford Internet Institute Research Report n. 1, April 2003.
"From Reinforcement of Acts to Reinforcement of Social Preferences", commentary to H. Rachlin, "Altruism and Selfishness", Behavioral and Brain Sciences 25, April 2002, pp. 282-283.
"Individual Psychology, Market Scaffolding and Behavioral Tests", commentary to R. Hertwig and A. Ortmann, "Experimental Practices in Economics: Lessons for Psychologists", Behavioral and Brain Sciences 24, June 2001, pp. 432-433.
Working papers
S.P. Hargreaves Heap, A. Verschoor and D.J. Zizzo, "Out-Group Favouritism", Social Science Research Network Discussion Paper, July 2009.
D.J. Zizzo and J.H.W. Tan, "Game Harmony: A Behavioral Approach to Predicting Cooperation in Games", Nottingham University Business School Research Paper No. 2009-10, April 2009.
S.P. Hargreaves Heap, J.J.W. Tan and D.J. Zizzo, "Trust, Inequality and the Market", Social Science Research Network Discussion Paper, April 2009.
G.D. Menzies and D.J. Zizzo, "News and Expectations in Financial Markets: An Experimental Study", Social Science Research Network Discussion Paper, October 2008. Also available as an Australian National University Centre for Applied Macroeconomic Analysis Discussion Paper n. 34, October 2008.
G.D. Menzies and D.J. Zizzo, "Do Only Economists Rely on Statistical Significance?", Social Science Research Network Discussion Paper, August 2008. Experimental instructions.
"Experimenter Demand Effects in Economic Experiments", Social Science Research Network Discussion Paper, July 2008.
Y. Breitmoser, J.H.W. Tan and D.J. Zizzo, "The Enthusiastic Few, Peer Effects and Entrapping Bandwagons", Social Science Research Network Discussion Paper, March 2007.
G.D. Menzies and D.J. Zizzo, "Exchange Rate Markets and Conservative Inferential Expectations", Social Science Research Network Discussion Paper, December 2006. Also available as Australian National University Centre for Applied Macroeconomics Discussion Paper n. 2, January 2007.
S. Hargreaves Heap and D.J. Zizzo, "The Value of Groups", Social Science Research Network Discussion Paper, December 2006.
Y. Breitmoser, J.H.W. Tan and D.J. Zizzo, "A Test of Perpetual R&D Races", University of East Anglia ESRC Centre for Competition Policy Working Paper 06-11, July 2006.
G.D. Menzies and D.J. Zizzo, "Inferential Expectations", Australian National University Centre for Applied Macroeconomics Discussion Paper n. 12, June 2005. Also available as University of Technology Sydney Quantitative Finance Research Paper n. 159, May 2005. This is a different paper from the March 2004 paper with the same name.
"Cooperation and Harmony in Finite Games", Social Science Research Network Discussion Paper, May 2005.
M. Perugini, J.H.W. Tan and D.J. Zizzo, "Which is the More Predictable Gender? Public Good Contribution and Personality", Social Science Research Network Discussion Paper, March 2005.
"You Are Not in My Boat: Common Fate and Discrimination Against Outgroup Members", Social Science Research Network Discussion Paper, January 2005.
"Positive Harmony Transformations and Equilibrium Selection in Two-Player Games", Oxford University Department of Economics Discussion Paper n. 197, July 2004.
G.D. Menzies and D.J. Zizzo, "Inferential Expectations", Oxford University Department of Economics Discussion Paper n. 187, March 2004.
"You Are Not in My Boat: Common Fate and Similarity Attractors in Bargaining Settings", Oxford University Department of Economics Discussion Paper n. 167, July 2003.
D.J. Zizzo and J.H.W. Tan, "Game Harmony as a Predictor of Cooperation in 2 x 2 Games", Oxford University Department of Economics Discussion Paper n. 151, March 2003.
"On the Measurement of Harmony in Normal Form Games", Oxford University Department of Economics Discussion Paper n. 150, March 2003.
"Preliminary Experimental Results on the Similarity Function in 2 x 2 and 3 x 3 Games", Cogprints Electronic Archive, March 2003.
"Fear the Evil Eye", Oxford University Department of Economics Discussion Paper n. 91, March 2002.
"Game Harmony: A Short Note", Cogprints Electronic Archive, March 2001.
Past Research Projects and Grants
| Project Title | Start Date | End Date | Funding Body |
|---|---|---|---|
| Inferential Expectations: Threshold beliefs modelled as statistical inference | 1/8/2005 | 31/8/2009 | University of Technology (Sydney, Australia) |
Teaching Interests
Teaching done at UEA
Principles of Macroeconomics (2nd year Macroeconomics course)
Experimental Economics I and II (graduate teaching)
Economic Concepts (Macroeconomics for applied and training MA students)
Topics in Economic Analysis (advanced undergraduate Microeconomics and Macroeconomics)
Teaching I did in my last two years in Oxford
Introductory and Intermediate Economics: for
Money and Banking: for
Statistical Methods for the Social Sciences: for
Organisation of Production (revision): for
Individual Choice (lectures) for the University
Introduction to Macroeconomics (lectures) for the University
Research in Experimental Economics (lecture) for the University
Inaugural Lecture
Following my promotion to a Chair in August 2007, I gave my inaugural lecture on “An Economist Glimpses the Dark Side of Human Nature” on March 10, 2009.
Key Responsibilities
From the viewpoint of research, the goal is to raise the game of Economics at UEA and its preparedness for the Research Excellence Framework. Some ingredients to this are a workload allocation model carefully protecting research time and aiming to reduce teaching loads for research active staff, while employing and empowering teaching only staff; a strengthening and increased transparency of the research support provided by the School; a personnel framework which, taking the lead from the University, is aimed to raise expectations of what is required both of new appointments and existing staff; and strategic thinking about research clusters and impact, among others.
From the viewpoint of student experience, increased focus is being paid on student support, academic engagement, contact hours and student related initiatives, with the aim of making the student experience at UEA one that both best equips students for the job market and one that they enjoy and where they feel special. Our degrees are in increasing demand and our admissions standards are on the rise as a result.
From January 2012, I am also Associate Dean (Research) in the Faculty of Social Sciences. The Faculty of Social Sciences is made up of sevenSchools: the Norwich Business School, the School of Economics, the School of Education and Lifelong Learning, the School of International Development, the School of Law and the School of Social Work and the School of Psychology
