Video: Alberto Bisin, The economics of cultural transmission and socialization
Part of the Cultural Evolution Seminar Series at Brooklyn College
(Download video, 520 MB)
Abstract: Parents often spend considerable energy in teaching children their own beliefs, a behavior that has both economical and cultural underpinnings. I will present an economic analysis that predicts that minority groups spend more effort in teaching their children, and I will apply it to empirical data on marriage patterns. The analysis predicts that individuals from smaller groups most often choose to marry within their own group, and spend more resources in transmitting their beliefs to offspring.
Alberto Bisin is Professor in the Department of Economics at NYU. He is an economist interested in the interaction between cultural and socio-economic forces, expanding economic theory that has traditionally explained human behavior as determined by cost-benefit analyses independent of one’s cultural background.