Psychology and Economics: SITE conference

Segment 8: Psychology and Economics 11.0

August 26, 27 and 28, 2013

Organized by Vincent Crawford, University of Oxford and University of California, San Diego; David Laibson, Harvard University; Ulrike Malmendier, University of California at Berkeley; John Beshears, Graduate School of Business, Stanford University and B. Douglas Bernheim, Economics Department, Stanford University.

(note that John Beshears, who is moving to HBS, helps organize all "behavioral" SITE conference, this one, and the experimental economics one: We will miss him!)

Monday, August 26

9.00 - 9.30 Breakfast

9:30 - 9.45 Welcome by B. Douglas Bernheim, Stanford University

9.45 - 10.20 Hierarchy-Preserving Preferences presented by Benjamin Ho, Vassar College, and co-authored with Wenwen Xie and Xinyue Zhou, Department of Psychology, Sun Yat-Sen University, and Stephan Meier, Graduate School of Business, Columbia University

10.20 - 10.55 The Size of the LGBT Population and the Magnitude of Anti-Gay Sentiment are Substantially Underestimated presented by Katherine Baldiga, The Ohio State University, and co-authored with Lucas Coffman, also The Ohio State University, and Keith Marzilli Ericson, Boston University

10.55 - 11.25 Coffee

11.25 - 12.00 A Two-Way Street: Multiple Price Lists, the Common Ratio Effect and Preference Reversals presented by David Eil, George Mason University, and co-authored with Marco Castillo, also George Mason University

12.00 - 12.35 Loss Aversion Motivates Tax Sheltering: Evidence from U.S. Tax Returns presented by Alex Rees-Jones, Cornell University

12.35 - 2.00 Lunchtime discussion

2.00 - 2.35 Reference Points, Social Norms, and Fairness in Contract Renegotiations presented by Klaus M. Schmidt, University of Munich, and co-authored with Björn Bartling, University of Zurich

2.35 - 3.10 Bad Habits and Endogenous Decision Points presented by Peter Landry, Duke University

3.10 - 3.40 Coffee

3.40 - 4.15 Bid Takers or Market Makers? The Effect of Auctioneers on Auction Outcomes presented by Bradley Larsen, Massachusetts Institute of Technology, and co-authored with Devin G. Pope, University of Chicago Booth School of Business, Nicola Lacetera, University of Toronto; , and Justin R. Sydnor, Wisconsin School of Business, University of Wisconsin at Madison

4.15 - 4.50 Awards Unbundled: Evidence from a Field Experiment with Health Trainees presented by Nava Ashraf, Harvard Business School, and co-authored with Oriana Bandiera, STICERD, London School of Economics, and Scott Lee, Harvard Medical School and Harvard Business School

4.50 - 5.20 Rational Inattention, Entropy, and Choice: The Posterior-Based Approach presented by Andrew Caplin, New York University, and co-authored with Mark Dean, Brown University

7.00 Continued discussion and dissemination of technical knowledge during dinner



Tuesday, August 27

9.00 - 9.30 Breakfast

9.30 - 10.05 X-CAPM: An Extrapolative Capital Asset Pricing Model presented by Nicholas C. Barberis, Yale School of Management, and co-authored with Lawrence Jin, also Yale University, and Robin Greenwood and Andrei Shleifer, both Harvard University

10.05 - 10.40 Monthly Budgeting Heuristics: Evidence from 'Extra' Paychecks presented by C. Yiwei Zhang, The Wharton School, University of Pennsylvania

10.40 - 11.10 Coffee

11.10 - 11.45 Voting to Tell Others presented by Ulrike Malmendier, University of California at Berkeley, and co-authored with Stefano DellaVigna, also University of California at Berkeley, and John List, University of Chicago

11.45 - 12.20 The Behavioral Effects of Monetary Contracts: Using Peer Comparisons and Financial Incentives to Reduce Electricity Demand in Urban Indian Households presented by Anant Sudarshan, Kennedy School of Government, Harvard University and Institute for Financial Management and Research, Chennai

12.20 - 12.55 Expectations-Based Reference-Dependent Life-Cycle Consumption presented by Michaela Pagel, University of California at Berkeley

12.55 - 2.15 Lunchtime discussion

2.15 - 3.15 Keynote Address: Antonio Rangel, California Institute of Technology
Combining Response Times and Choice Data Using a Neuroeconomic Model of Decision Process Improves Out-of-Sample Predictions by John A. Clithero and Antonio Rangel, both California Institute of Technology

3.15 - 3.45 Coffee

3.45 - 4.20 Holding the Hunger Games Hostage at the Gym: An Evaluation of Temptation Bulding presented by Katherine Milkman, The Wharton School, University of Pennsylvania, and co-authored withKevin Volpp, also The Wharton School, University of Pennsylvania, and Julia Minson, John F. Kennedy School of Government, Harvard University

4.20 - 4.55 Poverty Impedes Cognitive Function presented by Anandi Mani, University of Warwick, and co-authored with Sendhil Mullainathan, Harvard University; and Eldar Shafir and Jiaying Zhao, both Princeton University

4.55 - 5.30 Financial Markets where Traders Neglect the Informational Content of Asset Prices presented by Erik Eyster, London School of Economics, and co-authored with Dmitri Vayanos, also London School of Economics, and Matthew Rabin, University of California at Berkeley

7.00 Continued discussion and dissemination of technical knowledge during dinner



Wednesday, August 28

9.00 - 9.30 Breakfast

9.30 - 10.05 Self-Enhancing Transmission Bias and Active Investing presented by David Hirshleifer, Merage School of Business, University of California at Irvine, and co-authored with Bing Han, Rotman School of Business, University of Toronto

10.05 - 10.40 Deception under Competitive Intermediation presented by Takeshi Murooka, University of California at Berkeley

10.40 - 11.10 Coffee

11.10 - 11.45 The Short-Run and Long-Run Effects of Behavioral Interventions: Experimental Evidence from Energy Conservation presented by Hunt Allcott, New York University, and co-authored with Todd Rogers, Kennedy School of Government, Harvard University

11.45 - 12.20 Value Computation and Value Modulation: A Dual-Process Theory of Self-Control presented by Juan Carrillo, University of Southern California, and co-authored with Isabelle Brocas, also University of Southern California

12.20 - 12.55 Meaningful Theorems: Revealed Reference-Dependent Preference presented by Vincent Crawford, University of Oxford and University of California at San Diego, and co-authored with Laura Blow, The Institute for Fiscal Studies, and Ian Crawford, University of Oxford

12.55 - 2.15 Lunchtime discussion, box lunch