D-TEA 2013

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D-TEA (Decision: Theory, Experiments, and Applications) 2013

Ambiguity (aka Knightian Uncertainty)

Date: May 27-29, 2013. 

Location: HEC Paris, Porte de Champerret

Room:  Jean Monnet amphitheater

Monday, May 27

08:30-9:00          Coffee

 

08:45-09:00         Welcome by Dean Pierre DUSSAUGE     

 

Chair:                  Philippe MONGIN

09:00-09:30         Nabil AL-NAJJAR: “A Bayesian Model of Knightian Uncertainty” 

09:30-10:00         Loran CHOLLETE: A Model of Endogenous Extreme Events"

10:00-10:30         Asen KOCHOV: “Time and No Lotteries: A simple Axiomatization of Maxmin Expected Utility”

10:30-11:00         Coffee Break 

11:00-11:30         Wolfgang PESENDORFER (w/Faruk Gul): “Expected Uncertain Utility Theory”  

11:30‐12:00         John QUIGGIN: Unawareness, Black Swans, and Financial Crises

12:00‐12:30         David SCHMEIDLER: “Uncertainty and Rationality"

12:30-14:30         Lunch

  

Chair:                  Mohammed ABDELLAOUI

14:30-15:00         Han BLEICHRODT: Learning under Ambiguity: An Experiment Using initial Public Offerings on a Stock Market 

15:00-15:30         Kfir ELIAZ (w/Pietro Ortoleva):Multidimensional Ellsberg 

15:30-16:00         Larry EPSTEIN (w/Yoram Halevy): “No Two Experiments are Identical”

16:00-16:30         Coffee Break 

16:30-17:00         Edi KARNI  (w/Gary Charness and Dan Levin): 

                            “Ambiguity Attitudes and Social Interactions: An Experimental Investigation”

17:00-17:30         Anisa SHYTI: Overconfidence and Entrepreneurial Choice under Ambiguity

17:30-18:00         Horst ZANK (w/Mohammed Abdellaoui): “Recursive Prospect Theory: A Descriptive Model for Ambiguity Attitudes”

  

          

Tuesday, May 28

08:30-09:00       Coffee

  

Chair:                Stefania MINARDI

09:00-09:30       Sam AFLAKI:The Effect of Environmental Uncertainty on the Tragedy of the Commons 

09:30-10:00       Hans FOELLMER: “Consistency of Spatial Risk Measures” 

10:00-10:30       Yehuda IZHAKIAN:Capital Asset Pricing under Ambiguity

10:30-11:00       Coffee Break 

11:00-11:30       Sujoy MUKERJI (w/Ian Jewitt):Ordering Ambiguous Acts” 

11:30-12:00       Larry SAMUELSON (w/Itzhak Gilboa and David Schmeidler): “No Betting Pareto Dominance”

12:00-12:30       Jian TONG (w/ David Besanko and Jianjun Wu): 

                          “A Dynamic Game under Ambiguity: Repeated Bargaining with Interactive Learning 

12:30-14:30       Lunch

Chair:                Brian HILL

14:30-15:00       Jaroslav BOROVICKA (w/Lars Hansen):Robust Preference Expansions 

15:00-15:30       Alex CUKIERMAN (w/Yehuda Izhakian)

                          “Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System

15:30-16:00       Tomasz MICHALSKI (w/Brian Hill): Risk versus Ambiguity and International Security Design

16:00-16:30       Coffee Break

16:30-17:00       Kiyohiko NISHIMURA: “Financial Stability and Knightian Uncertainty: Reflections of a Former Central Banker” 

17:00-17:30       Hiroyuki OZAKI (w/Kiyohiko Nishimura): “Liquidity Preference and Knightian Uncertainty”

17:30-18:00       Thomas SARGENT  (w/Lars Hansen): Four Types of Ignorance

                  

Wednesday, May 29

08:30-09:00      Coffee

  

Chair:               Ani GUERDJIKOVA

09:00-09:30      Uzi SEGAL (w/ David Dillenberger): “Asymmetric Noise” 

09:30-10:00      Soo Hong CHEW (w/Bin Miao and Songfa Zhong): Partial Ambiguity 

10:00-10:30      Freddy DELBAEN (w/Samuel Drapeau and Michael Kupper): 

                         “Time consistent coherent extension of time consistent concave monetary utility functions”

10:30-11:00      Coffee Break 

11:00-11:30      Ido EREV (w/Ori Plonsky): “Partially Observable States and the Tendency to Rely on Small Samples” 

11:30-12:00      Marciano SINISCALCHI (w/Paolo Ghirardato):Ambiguity in the Small and in the Large”  

12:00-12:30      Eran HANANY (w/Sandeep Baliga and Peter Klibanoff):Polarization and Ambiguity 

12:30-14:30      Lunch

 

Chair:                Eric DANAN

14:30-15:00       Peter KLIBANOFF (w/Sujoy Mukerji and Kyoungwon Seo):Relevance and Symmetry 

15:00-15:30       Ehud LEHRER: “The Concave Integral and Its Applications” 

15:30-16:00       Fabio MACCHERONI (w/Pierpaolo Battigalli, Simone Cerreia‐Vioglio, and Massimo Marinacci):

                          “Mixed Extensions of Decision Problems under Uncertainty” (slides)

16:00-16:30       Coffee Break 

16:30-17:00       Andrew POSTLEWAITE (w/David Dillenberger and Kareen Rozen):Optimism and Pessimism with Expected Utility 

17:00-17:30       Simone CERREIA‐VIOGLIO (w/Pierpaolo Battigalli, Fabio Maccheroni, and Massimo Marinacci)

                          “Self‐confirming Long‐Run Biases” 

17:30-18:00       RUD 2013 - JAFFRAY Memorial Lecture - Pietro ORTOLEVA (w/ Simone Cerreia‐Vioglio and David Dillenberger)

                          “Cautious Expected Utility and the Certainty Effect”