It was great speaking to you all, and I hope that out paths will cross again at some point. In particular, I am currently working with Columbia University Press on two books about the economics of the music industry, and I would love to hear any economics-related anecdotes and case studies that you may have lurking out there. In addition, I’m always looking for new and interesting music industry data to use for research purposes (and the data providers get some free consulting as a side effect), so hit me up if you’ve got anything fun that you’d be willing to let me get my hands on. (You can email me at econgirl at economistsdoitwithmodels dot com, or at jodi at alum dot mit dot edu.)
First things first, however…as I said in my talk, I wanted to provide you with some additional materials in case you wanted to follow up on any of the concepts that I covered in my talk. So here are the slides, in handy flash form:
If you can’t see the Flash animation, you can download a pdf version of the slides here.
NEW: You can even listen to the audio from the talk on SoundCloud here– my recommendation is to click along with the slides above while you listen.
Below is a list of (when available) publicly-accessible versions of the papers sourced in the talk, in case you’re feeling particularly nerdy:
- Marie Connolly and Alan Krueger, “Rockonomics: The Economics of Popular Music”
- Steven D. Levitt and Chad Syverson, “Market Distortions When Agents are Better Informed: The Value of Information in Real-Estate Transactions”
- Matthew J. Salganik, Peter Sheridan Dodds, and Duncan J. Watts, “Experimental Study of Inequality and Unpredictability in an Artificial Cultural Market,” Science, 2006.
- James Heyman and Dan Ariely, “Effort for Payment: A Tale of Two Markets”
- Uri Gneezy and Aldo Rustichini, “Pay Enough or Don’t Pay at All”
- Sheena Iyengar and Mark Lepper, “When Choice is Demotivating: Can One Desire Too Much of a Good Thing?” Journal of Personality and Social Psychology.
- John Gourville and Dilip Soman, “Overchoice and Assortment Type: When and Why Variety Backfires”
- Wilson T. D., Dunn D. S., Kraft D., & Lisle D. J. (1989). Introspection, attitude change, and attitude-behavior consistency: The disruptive effects of explaining why we feel the way we do. Advances in Experimental Social Psychology 287–343.
- Ariely, Loewenstein, and Prelec, “’Coherent Arbitrariness’: Stable Demand Curves Without Stable Preferences”
- Ariely, Loewenstein, and Prelec, “Tom Sawyer and the Construction of Value”
- A Concert That Pays You!
- Baba Shiv, Ziv Carmon, and Dan Ariely, “Placebo Effects of Marketing Actions: Consumers May Get What They Pay For”
- Poverty Action Lab – The Price Is Wrong
- Hal Arkes and Catherine Blumer, “The Psychology of Sunk Cost”
- Sufjan Stevens and Amazon
- Kristina Shampan’er and Dan Ariely, “Zero as a special price: The true value of free products”
You can also see some other music-related stuff in the “Music Biz” category.
If you have any follow-up questions, please don’t hesitate to contact me. In addition, I’m always interested in speaking to different types of groups on various economic topics, so drop me a line if you have something in mind and we can discuss further.