Stanford Institute for Theoretical Economics

Summer 2010 Workshop



Segment 5: Psychology and Economics, 8.0

September 24, 25 and 26, 2010.

Organized by  B. Douglas Bernheim, Stanford University; Vince Crawford, University of California, San Diego and Oxford University; David Laibson, Harvard University and Ulrike Malmendier, University of California, Berkeley.


The session will meet in Conference Room A in Stanford Institute for Economic Policy Research located in Landau Economics Building.

Here is the map to the building.

Friday, September 24
8.30 - 9.00
9.00 - 9.15


9.15 - 9.55
Overconfidence, Subjectivity, and Self-deception presented by Gary Charness, University of California, Santa Barbara and co-authored by Aldo Rustichini, University of Minnesota and Jeroen van de Ven, University of Amsterdam.
9.55 - 10.35

Gasoline Prices, Fuel Economy, and the Energy Paradox presented by Hunt Allcott, Massachusetts Institute of Technology and co-authored with Nathan Wozny, also Massachusetts Institute of Technology.

10.35 - 11.00
11.00 - 11.40
Delegation in Decision Making Under Uncertainty. Are Preferences Incomplete? presented by Elena Cettolin, Maastricht University and co-authored by Arno Riedl, also Maastricht University.
11.40 - 12.20
Other-Regarding Preferences: Outcomes, Intentions or Interdependence? presented by Yoram Halevy, University of British Columbia and co-authored with Michael Peters, also University of British Columbia.
12.20 - 1.50


1.50 - 2.30
2.30 - 3.10

Selective Attention and Learning presented by Joshua Schwartzstein, Dartmouth University.

3.10 - 3.40
3.40 - 4.20
Strategic Ignorance and the Robustness of Social Preferences presented by Zachary Grossman, University of California, Santa Barbara.
4.20 - 5.00
The Evolutionary Optimality of Decision and Experienced Utility presented by Arthur Robson, Simon Fraser University and co-authored with Larry Samuelson, Yale University.
Dinnertime discussion
Saturday, September 25
8.30 - 9.00
9.00 - 9.40

Shared Social Responsibility: A Field Experiment in Pay-What-You-Want Pricing and Charitable Giving presented by Uri Gneezy, University of California, San Diego and co-authored with Ayelet Gneezy and Amber Brown also University of California, San Diego and Leif Nelson, University of California, Berkeley.

9.40 - 10.20
A Structural Analysis of Disappointment Aversion in a Real Effort Competition presented by Victoria Prowse, University of Oxford and co-authored with David Gill, University of Southampton.
10.20 - 10.50


10.50 - 11.30
Mood, Associative Memory, and the Formation and Dynamics of Belief presented by Aaron Bodoh-Creed, Cornell University.
11.30 - 12.10

Stuck in Place: Firm Responses to Inertia in Medicare Part D Choices presented by Keith M. Marzilli-Ericson, Harvard University.

12.10 - 1.45
Lunchtime discussion
1.45 - 3.00

Integrating Psychology into Normal-Science Economics a keynote address by Matthew Rabin, University of California, Berkeley.

3.00 - 3.30
3.30 - 4.10
The Right Amount of Trust presented by Jeffrey Butler, Einaudi Institute for Economics and Finance and co-authored with and Luigi Guiso, European University Institute and Paola Giuliano, University of California Los Angeles.
4.10 - 4.50

The Miracle of Compound Interest: Does our Intuition Fail? presented by Katherine Grace Carman, Tilburg University and Johannes Binswanger, also Tilburg University.

4.50 - 5.30
Sadness about Happiness presented by B. Douglas Bernheim, Stanford University and co-authored with James Andreoni, University of California, San Diego.
Dinnertime discusssion
Sunday, September 26
8.15 - 8.45
8.45 - 9.25

A Sparsity-Based Model of Bounded Rationality presented by Xavier Gabaix, New York University.

9.25 - 10.05
Intermediation Reduces Punishment and Reward presented by Lucas Coffman, Harvard University.
10.05 - 10.30


10.30 - 11.10
Genetic Variation in Financial Decision Making presented by David Cesarini, Massachusetts Institute of Technology.
11.10 - 11.50

Do People Seek to Maximize Happiness? Evidence from New Surveys presented by Ori Heffetz, Cornell University and co-authored with Daniel J. Benjamin, Cornell University, Miles S. Kimball, University of Michigan and Alex Rees-Jones, Cornell University.



SITE is funded by grants from the National Science Foundation and the Stanford Institute for Economic Policy Research (SIEPR). SITE receives additional financial support from the Department of Economics at Stanford University, which also houses its offices.