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Session 8: Psychology and Economics 12.0

August 20, 21, and 22, 2014
Deadline for Applications: 
May 31

Organized by:

  • B. Douglas Bernheim, Economics, Stanford University
  • John Beshears, Harvard Business School, Harvard University
  • Vincent Crawford, University of Oxford
  • David Laibson, Department of Economics, Harvard University
  • Ulrike Malmendier, Department of Economics, University of California, Berkeley

This workshop will focus on evidence of and explanations for non-standard choice patterns, as well as the positive and normative implications of those patterns for important economic choices such as spending, saving, labor supply, and investment.  We encourage submissions that build upon insights from other disciplines, such as psychology and neuroscience.  Theoretical, empirical, and experimental submissions are all welcome.

In this Session

Aug 20 | 9:45 am to 10:15 am

Forward-Looking Behavior Revisited: A Foundation of Time Inconsistency

Presented by: Bruno Strulovici, Northwestern University
Co-Author(s): Simone Galperti, University of California, San Diego
Aug 20 | 10:15 am to 11:00 am

Sticking to Your Plan: Hyperbolic Discounting and Credit Card Debt Paydown

Presented by: Theresa Kuchler, New York University, Stern School of Business
Aug 20 | 11:30 am to 12:00 pm

Simple Heuristics Explain Intertemporal Choices Better than Delay Discounting

Presented by: Keith M. Marzilli Ericson, Boston University
Co-Author(s): John Myles White; David Laibson, Harvard University; Jonathan D. Cohen, Princeton University
Aug 20 | 12:00 pm to 12:30 pm

Stochastic Choice and Optimal Sampling

Presented by: Drew Fudenberg, Harvard University; Philipp Strack, University of California, Berkeley and MSR;
Co-Author(s): Tomasz Strzalecki, Harvard University
Aug 20 | 2:00 pm to 2:30 pm

Excusing Selfishness in Charitable Giving: The Role of Risk

Presented by: Christine Exley, Stanford University
Aug 20 | 2:30 pm to 3:15 pm

Moral Transgression in the Pursuit of Excellence

Presented by: Nora Szech, Karlsruhe Institute of Technology
Co-Author(s): Armin Falk, University of Bonn
Aug 20 | 4:15 pm to 4:45 pm

Inattentive Valuation and Belief Polarization

Presented by: Savitar Sundaresan, Columbia University
Co-Author(s): Sebastien Turban, California Institute of Technology
Aug 20 | 4:45 pm to 5:30 pm

Overconfidence in Political Behavior

Presented by: Erik Snowberg, California Institute of Technology and NBER
Co-Author(s): Pietro Ortoleva, Columbia University
Aug 21 | 9:30 am to 10:00 am

Reciprocity Networks and the Participation Problem

Presented by: Amrish Patel, University of Gothenburg
Co-Author(s): Martin Dufwenberg, Bocconi University
Aug 21 | 10:00 am to 10:45 am

Does Team Competition Increase Pro-Social Lending? Evidence from Online Microfinance

Presented by: Yan Chen, University of Michigan
Co-Author(s): Roy Chen, National University of Singapore; Yang Liu, University of Michigan; Qiaozhu Mei, University of Michigan
Aug 21 | 11:15 am to 11:45 am

Financial Education, Financial Competence, and Consumer Welfare

Presented by: Sandro Ambuehl, Stanford University
Co-Author(s): B. Douglas Bernheim, Stanford University; Annamaria Lusardi, George Washington University School of Business
Aug 21 | 11:45 am to 12:15 pm

Limited Attention and the Demand for Health Insurance

Presented by: Markus Fels, Karlsruhe Institute of Technology
Aug 21 | 12:15 pm to 1:00 pm

Beliefs and Utility: Experimental Evidence on Preferences for Information

Presented by: Florian Zimmermann, University of Zurich
Co-Author(s): Armin Falk, University of Bonn
Aug 21 | 2:15 pm to 3:15 pm

Keynote Address: Unrealistic Expectations and Misguided Learning

Presented by: Botond Koszegi, Central European University
Co-Author(s): Paul Heidhues, European School of Management and Technology; Philipp Strack, University of California, Berkeley
Aug 21 | 3:45 pm to 4:15 pm

Decision-Making under the Gambler's Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires

Presented by: Kelly Shue, University of Chicago
Co-Author(s): Daniel Chen, ETH Zurich; Tobias J. Moskowitz, University of Chicago
Aug 21 | 5:00 pm to 5:30 pm

Loss Aversion around a Fixed Reference Point in Highly Experienced Agents

Presented by: Matthew Goldman, University of California, San Diego
Co-Author(s): Justin Rao, Microsoft Research
Aug 22 | 9:30 am to 10:00 am

Creativity and Financial Incentives

Presented by: Gary Charness, University of California, Santa Barbara
Co-Author(s): Daniela Grieco, Bocconi University
Aug 22 | 10:00 am to 10:45 am

Contracting with Disagreement on Performance Evaluation and Compensation

Presented by: Anqi Li, Washington University in St. Louis
Aug 22 | 11:15 am to 11:45 am

Familiarity Does Not Breed Contempt: Diversity, Discrimination and Generosity in Delhi Schools

Presented by: Gautam Rao, University of California, Berkeley
Aug 22 | 11:45 am to 12:15 pm

Do Happier Britons Have More Income? First-Order Stochastic Dominance Relations

Presented by: Peter J. Hammond, University of Warwick
Co-Author(s): Federica Liberini, ETH Zurich; Eugenio Proto, Univeristy of Warwick
Aug 22 | 12:15 pm to 1:00 pm

A Theory of Experience Effects

Presented by: Ulrike Malmendier, University of California, Berkeley
Co-Author(s): Demian Pouza, University of California, Berkeley; Victoria Vanasco, Stanford University