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Session 5: Psychology and Economics

August 8 - 10, 2018
Deadline for Applications: 

Organized by:

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

This session is being held in the Koret Room of the John A. and Cynthia Fry Gunn Building, 366 Galvez Street (SIEPR) Next to the Economics Building

The purpose of this SITE workshop is to bring together researchers working on issues at the intersection of psychology and economics. The workshop focuses on evidence of and explanations for non-standard choice patterns, as well as the positive and normative implications of those patterns in important economic decision-making contexts such as lifecycle consumption and savings, labor supply, effort provision, financial contracting, and firm pricing. Many past presenters at this workshop have built upon insights from other disciplines, including psychology and sociology. Theoretical, empirical, and experimental studies will be included.

In this Session

Aug 8 | 9:30 am to 9:45 am

Welcome by B. Douglas Bernheim

Aug 8 | 9:45 am to 10:20 am

More Than a Penny’s Worth: Left-Digit Bias and Firm Pricing

Presented by: Avner Shlain, University of California, Berkeley
Aug 8 | 10:20 am to 10:55 am

The Effect of Product Misperception on Economic Outcomes: Evidence from the Extended Warranty Market

Presented by: Yuval Salant, Northwestern University
Co-Author(s): Mike Abito, University of Pennsylvania
Aug 8 | 11:30 am to 12:05 pm

Scabs: The Social Suppression of Labor Supply

Presented by: Supreet Kaur, University of California, Berkeley
Co-Author(s): Emily Breza, Harvard University; Nandita Krishnaswamy, Columbia University
Aug 8 | 12:05 pm to 12:40 pm

Ethical Concerns and the Reach of Markets: A Choice Experiment on Americans’ Views About Paying Kidney Donors

Presented by: Nicola Lacetera, University of Toronto
Co-Author(s): Julio Elias, Universidad del CEMA; Mario Macis, Johns Hopkins University
Aug 8 | 2:00 pm to 2:35 pm

Are People Aware of Their Inattention: Evidence from Credit Card Repayment

Presented by: Juanjuan Meng, Peking University
Co-Author(s): Jiajun Jiang, Peking University; Yi-Tsung Li, Peking University; Yu-Jane Lu, Peking University
Aug 8 | 2:35 pm to 3:10 pm

Asymmetric Naïveté: Beliefs About Self-Control

Presented by: Anastassia Fedyk, Harvard University
Aug 8 | 3:45 pm to 4:20 pm

Long-Term Contracting with Time-Inconsistent Agents

Presented by: Daniel Gottlieb, Washington University in St. Louis
Co-Author(s): Xingtan Zhang, University of Colorado, Boulder
Aug 8 | 4:20 pm to 4:55 pm

Regressive Sin Taxes, with an Application to the Optimal Soda Tax

Presented by: Dmitry Taubinsky, University of California, Berkeley
Co-Author(s): Benjamin Lockwood, University of Pennsylvania; Hunt Allcott, New York University. Find the link at:
Aug 9 | 9:30 am to 10:05 am

Motivated Errors

Presented by: Christine Exley, Harvard Business School
Co-Author(s): Judd Kessler, University of Pennsylvania
Aug 9 | 10:05 am to 10:40 am

Cognitive Foundations of Passive Choices

Presented by: Jonas Radbruch, Institute for Labor Economics
Co-Author(s): Steffen Altmann, University of Copenhagen; Andreas Grunewald, University of Frankfurt
Aug 9 | 11:15 am to 11:50 am

Theory of Mind Among Disadvantaged children: Evidence from a Field Experiment

Presented by: Gary Charness, University of California, Santa Barbara
Aug 9 | 11:50 am to 12:25 pm

The Endowment Effect and Collateralized Loans

Presented by: Gautam Rao, Harvard University
Aug 9 | 1:45 pm to 2:20 pm

Restrictions on Asset-Price Movements Under Rational Expectations: Theory and Evidence

Presented by: Eben Lazarus, MIT
Co-Author(s): Ned Augenblick, University of California, Berkeley
Aug 9 | 2:20 pm to 2:55 pm

New Experimental Evidence on Expectations Formation

Presented by: Yueran Ma, Harvard University
Co-Author(s): Augustin Landier, HEC Paris; David Thesmar, Massachusetts Institute of Technology
Aug 9 | 3:30 pm to 4:05 pm

When Is It Hard to Make Ends Meet?

Presented by: Brian Baugh, University of Nebraska,
Co-Author(s): Jialan Wang, University of Illinois, Urbana-Champaign
Aug 9 | 4:05 pm to 4:40 pm

Consumer Spending During Unemployment: Positive and Normative Implications

Presented by: Peter Ganong, University of Chicago
Co-Author(s): Pascal Noel, University of Chicago
Aug 10 | 9:30 am to 10:05 am

Breadwinner Norms and Differences in Economics Outcomes within Married Couples: Theory and Evidence from German Tax Data

Presented by: Johannes Hermle, University of California, Berkeley
Co-Author(s): Nikolaus Hildebrand, Massachusetts Institute of Technology
Aug 10 | 10:05 am to 10:40 am

Match or Mismatch: Learning and Inertia in School Choice

Presented by: Yusuke Narita, Yale University
Aug 10 | 11:15 am to 11:50 am

Fully Closed: Individual Responses to Realized Capital Gains and Losses

Presented by: Michaela Pagel, Columbia University
Co-Author(s): Steffen Meyer, Leibniz University of Hanover
Aug 10 | 11:50 am to 12:25 pm

Borrowing to Save? The Impact of Automatic Enrollment on debt

Presented by: John Beshears, Harvard University