Tuesday, May 7, 2013

Monday, May 6, 2013


Behavioral Economics Annual Meeting, this year in Cornell (I guess conference season starts..:)

Here's the program. I better overcome my jetlag to listen to my coauthor (luckily I am familiar with the paper...)

Monday, May 6, 2013

8:30-9:15 Breakfast Buffet On Site
9:15-9:30 Opening Remarks

9:30-10:15 Charlie Sprenger: “Working Over Time: Dynamic Inconsistency in Real Effort Tasks”
10:15-11:00 Emir Kamenica: “Suspense and Surprise”

11:00-11:30 Break

11:30-12:15 Ned Augenblick: “Testing for Excess Movement in Beliefs”

12:15-2:00 Lunch On Site

2:00-2:45 Cami Kuhnen: “Asymmetric Learning from Financial Information”
2:45-3:30 Alec Smith: “The Neural Basis of Irrational Exuberance During Experimental Stock Price

3:30-4:00 Break

4:00-5:00 Overview Talk & Panel Discussion: Genoeconomics
Dan Benjamin, David Cesarini, and David Laibson

6:45 Dinner

Tuesday, May 7, 2013
8:30-9:00 Breakfast Buffet On Site
9:00-9:45 Denis Sosyura: “In the Mood for a Loan: The Causal Effect of Sentiment on Credit
9:45-10:30 Tom Chang: “Looking for Someone to Blame: Delegation, Cognitive Dissonance and the
Disposition Effect”

10:30-11:00 Break

11:00-11:45 Andrei Shleifer: “Competition for Attention”
11:45-12:30 Klaus Schmidt: “Loss Aversion and Ex Post Inefficient Renegotiation”

12:30-2:00 Lunch On Site (with a takeaway option)

Saturday, May 4, 2013

Family ties

Alberto Alesina, Paola Giuliano have a new paper "Family Ties"
"We study the role of the most primitive institution in society: the family. Its organization and relationship between generations shape values formation, economic outcomes and influences national institutions. We use a measure of family ties, constructed from the World Values Survey, to review and extend the literature on the effect of family ties on economic behavior and economic attitudes. We show that strong family ties are negatively correlated with generalized trust; they imply more household production and less participation in the labor market of women, young adult and elderly. They are correlated with lower interest and participation in political activities and prefer labor market regulation and welfare systems based upon the family rather than the market or the government. Strong family ties may interfere with activities leading to faster growth, but they may provide relief from stress, support to family members and increased wellbeing. We argue that the value regarding the strength of family relationships are very persistent over time, more so than institutions like labor market regulation or welfare systems."

This reminds me of Karl Kraus, who said "Das Wort Familienbande hat einen Beigeschmack von Wahrheit" or, loosely, the word family ties has an under-tone of truth.

Friday, May 3, 2013


Tomorrow is the BABEEW: Bay Area Behavioral and Experimental Economics Workshop

at the Department of Economics University of San Francisco

The program is:

The USF School Address is: 2130 Fulton Street, San Francisco, CA 94117-1080.  Please park in the Upper/Lower Koret Center Lots located on the corner of Parker Avenue and Turk Street.

The workshop will be held in Fromm Hall. Fromm Hall is located on the corner of Parker Avenue and Golden Gate Avenue.

Saturday, May 4th
8:30 a.m. – 9:15 a.m. Breakfast Fromm Hall Lobby
9:15 a.m. – 9:30 a.m. Welcome

9:30 a.m. – 10:30 a.m. Parallel Sessions 1
1A: Games and Auctions Fromm Hall 125
Andrew Brownback: Grading on the Curve: Theory and Experiment (with James Andreoni)
Chloe Le Coq: Ingroup Projection in the Centipede Game (with James Tremewan, and Alexander K. Wagner)
Yumiko Baba: A Note on a Comparison of Simultaneous and Sequential Colonel Blotto Games, with an Application to Patent Lawsuits

1B: Intertemporal Choice Fromm Hall 115
Jeffrey Naecker: Demand for Commitment: Time Inconsistency or Signaling? (with Christine Exley)
Joshua Tasof: Exponential-Growth Bias and Lifecycle Consumption (with Matthew Levy)
Michael A. Kuhn: The Importance of the Cognitive Environment for Intertemporal Choice (with Peter Kuhn and Marie Claire Villeval)

10:30 a.m. – 10:40 a.m. Break Fromm Hall Lobby

10:40 a.m. – 12:00 p.m. Parallel Sessions 2
2A: Social Preferences I Fromm Hall 125
John Lynham: Coase it’s Fehr: Property Rights and Social Preferences (with Andreas Leibbrandt)
Michael Visser: Different standards of fairness (with Emmit Visconti)
Paul Viotti: Stress and Inequity Aversion (with Mike Ennis)
Svetlana Pevnitskaya: The Effect of Endogenous Social Comparisons in Bayesian Games (with Robert White)

2B: Field Experiment Fromm Hall 115
Alessandra Cassar: Incentives and Support Groups Improve Economic Conditions: A Field Experiment in Medellin, Colombia (with Lauren Skora, Paulina Aguinaga, Jennifer Graham)
Emilia Tjernstrom: Subjective Expectation Formation - Evidence from a Natural Disaster in Fiji (with Wenbo Zou)
Lan Cheng: Moral Hazard, Risks and Index Insurance: A Framed Field Experiment in China
Michael Callen: Personalities and Public Sector Performance: Experimental Evidence from Pakistan (with Saad Gulzar, Ali Hasanain, Yasir Khan, and Arman Rezaee)

12:00 p.m. – 12:50 p.m. Lunch Fromm Hall Lobby
1:00 p.m. – 1:30 p.m. Walking tour or relax

1:40 p.m. – 3:00 p.m. Parallel Sessions 3
3A: Beliefs and Biases Fromm Hall 125
Geoff Fisher: The Computational Processes of Projection Bias (with Antonio Rangel)
John Ifcher: Positive Affect and Overconfidence: A Laboratory Investigation (with Hom Zarghamee)
Mustafa Gunaydin: Left-digit Bias in Household Decisions: Regression Discontinuity Design for Residential Energy End-Users (wih Galib Rustamov)
Peiran Jiao: Belief in Mean Reversion and the Disposition Effect: An Experimental Test

3B: Social Networks, voting Fromm Hall 115
and Insurance
François Pannequin: Risk lovers may also love insurance (with Anne Corcos and Claude Montmarquette)
John Morgan: Expressive Voting: Evidence from the Bundesliga (Martin Fochman, Karim Sadrieh, and Felix Vardy)
Kirill Chernomaz: Do people pay a premium to avoid complexity? Evidence from experimental insurance markets
Michael Caldara: Network Formation with Limited Observation (with Michael McBride)

3:00 p.m. – 3:20 p.m. Break Fromm Hall Lobby

3:20 p.m. – 4:40 p.m. Parallel Sessions 4
4A: Social Preferences II Fromm Hall 125
Christine Exley: Volunteer Behavior: Incentives and Expectations (with Jeffrey Naecker)
Fangfang Tan: Third-party punishment: retribution or deterrence? (with Erte Xiao)
Laura Gee: The Importance of Fairness in Mechanism Design: Application to Threshold Public Goods (with James Andreoni)
Zack Grossman: Self-Image and Strategic Ignorance in Moral Dilemmas (with Joël van der Weele)

4B: Information, Bargaining and Fromm Hall 115
Ciril Bosch-Rosa: That's how we roll:
Jacopo Magnani: Information vs. Fear of Preemption in an Illiquid Market
Muriel Niederle: Bargaining under incomplete information (with Judd Kessler)
Rei Sayag: Paying is Believing: The Effect of Costly Information on Bayesian Updating (with Pedro Robalo)

4:40 p.m. – 5:00 p.m. Break Fromm Hall Lobby

5:00 p.m. – 6:00 p.m. Parallel Sessions 5
5A: Gender Fromm Hall 125
Charles Holt: Dealing with Risk: Gender and Probability Effects (with Irene Comeig and Ainhoa Jaramillo-Gutiérrez)
Linda Kamas: Can Behavior in Laboratory Experiments Explain Gender Differences in Labor Market Outcomes? (with Anne Preston)
Smriti Sharma: Gender, Gender Pairings and Earned Income Rights: An Experimental Analysis

5B: Bidding and Market Fromm Hall 115
Chung-Ching Tai: How Cognitive Capacity Affects Our Market Performance? An Experimental Study Based on Working Memory Capacity (with Shu-Heng Chen and Lee-Xieng Yang)
Marion Ott: Reference-Dependent Bidding in Dynamic Auctions (with Karl-Marion Ehrhart)
Feven Wordofa: Gender Differences in Competitive Inclinations when Rewards are Gender-Salient: Evidence from an Experiment in China (with Alessandra Cassar, Stephanie Chou, Yilin Gao, Jane Zhang)
6:00 p.m. – 8:00 p.m. Dinner & Happy Hour Fromm Hall Lobby