D-TEA (Decision: Theory, Experiments, and Applications) 2015
Decisions and Finance
Date: May 27-29, 2015.
Location: AXA Group
Program
Wednesday, May 27
Morning Session (Chair: Bernard CORNET)
08:45-09:00 Welcome
09:00-09:30 Frank RIEDEL: Knightian Uncertainty in Financial Markets - Optimal Portfolios and Market Incompleteness
09:30-10:00 Zvi SAFRA: Internal Variability in Decision Making
(w/ Tigran MELKONYAN)
10:00-10:30 Kota SAITO: Savage Meets the Market
(w/ Federico ECHENIQUE)
10:30-11:00 coffee break
11:00-11:30 Paolo GHIRARDATO: Symmetric Preferences
(w/ Marciano SINISCALCHI)
11:30-12:00 David SCHROEDER: Measuring Ambiguity Preferences
(w/ Elisa CAVATORTA)
12:00-12:30 Larry EPSTEIN: Robust Confidence Regions for Incomplete Models
(w/ Kyoungwon SEO, Hiro KAIDO)
12:30-14:30 lunch break
Afternoon Session (Chair: Michelle COHEN)
14:30-15:00 Tomasz STRZALECKI: How Much Would You Pay to Resolve Long-Run Risk?
(w/ Larry EPSTEIN, Emmanuel FARHI)
15:00-15:30 Nir VULKAN: Naked Aggression: Personality and Portfolio Manager Performance
(w/ Tom NOE)
15:30-16:00 Peter WAKKER: Making Case-Based Decision Theory Directly Observable
(w/ Han BLEICHRODT, Martin FILKO, Amit KOTHIYAL)
16:00-16:30 coffee break
16:30-17:00 Ivan MOSCATI: How vNM’s Axioms Convinced Economists of the EU Paradigm
17:00-17:30 Nabil AL-NAJJAR: Uncertainty and Disagreement in Equilibrium Models
(w/ Eran SHMAYA)
17:30-18:00 Ilke AYDOGAN: Cases in Memory, Decisions from Experience, and Black Swans
(w/ Yu GAO)
Thursday, May 28
Morning Session (Chair: Stefania MINARDI)
09:00-09:30 Aurelien BAILLON: Bayesian Markets for Unverifiable Truths
09:30-10:00 Patrick BEISSNER: Asset Pricing under Sentiment-Based Expectations
(w/ Patrick CHERIDITO)
10:00-10:30 Han BLEICHRODT: Searching for the Reference Point
(w/ Aurelien BAILLON, Vitalie SPINU)
10:30-11:00 coffee break
11:00-11:30 Antoine BOMMIER: A Dual Approach to Ambiguity Aversion
11:30-12:00 Fabio MACCHERONI: Monetary Policies in Self-Confirming Equilibria with Uncertain Model (w/ Pierpaolo BATTIGALLI, SimoneCERREIA-VIOGLIO, Massimo MARINACCI,
Thomas SARGENT)
12:00-12:30 Xavier GABAIX: A Sparsity-Based Model of Bounded Rationality
12:30-14:30 lunch break
Afternoon Session (Chair: Mohammed ABDELLAOUI)
14:30-15:00 Philipp SADOWSKI: Dynamic Rational Inattention
(w/ David DILLENBERGER, R. Vijay KRISHNA)
15:00-15:30 Ido EREV: Choice Prediction Competition
(w/ Eyal ERT, Ori PLONSKY)
15:30-16:00 Jose Heleno FARO: Efficient Complete Markets are the Rule Rather than the Exception
(w/ Aloisio ARAUJO, Alain CHATEAUNEUF)
16:00-16:30 coffee break
16:30-17:00 Helga FEHR-DUDA: Reconciling the Magnitude Effect in Risk Taking and Time Discounting
17:00-17:30 Rosemarie NAGEL: De-framing rules to De-anchor Beliefs in Beauty Contest Experiments: Keynesian level-k vs. Keynesian Sentiments
(w/ Jess BENHABIB, John DUFFY)
17:30-18:00 Bernard CORNET: Submodular Financial Markets with Frictions
(w/ Alain CHATEAUNEUF)
Friday, May 29
Morning Session (Chair: Rose-Anne DANA)
09:00-09:30 Jayant GANGULI: The Pricing Effects of Ambiguous Private Information
(w/ Scott CONDIE)
09:30-10:00 Larry SAMUELSON: The Implementation Duality
(w/ Georg NOLDEKE)
10:00-10:30 Lars HANSEN: Sets of Models and Prices of Uncertainty
(w/ Thomas SARGENT)
10:30-11:00 coffee break
11:00-11:30 Yehuda IZHAKIAN: Asset Pricing and Ambiguity: Empirical Evidence
(w/ Menachem BRENNER)
11:30-12:00 Edi KARNI: A Theory of Stochastic Choice under Uncertainty
(w/ Zvi SAFRA)
12:00-12:30 Asen KOCHOV: Stationary Cardinal Utility
12:30-14:30 lunch break
Afternoon Session (Chair: Brian HILL)
14:30-15:00 Dan LEVIN: Bridging Nash Equilibrium and Level-K models
(w/ Luyao ZHANG)
15:00-15:30 Chen LI: Are the Poor Worse at Dealing with Ambiguity? Ambiguity Attitude of Urban and Rural Chinese Adolescents
15:30-16:00 Simone CERREIA-VIOGLIO: Put-Call Parity and Market Frictions
(w/ Fabio MACCHERONI and Massimo MARINACCI)
16:00-16:30 coffee break
16:30-17:00 Michael MANDLER: Coarse, Efficient Decision Making
17:00-17:30 Johan WALDEN: Efficiency and Distortions in a Production Economy with Heterogeneous Beliefs (w/ Christian HEYERDAHL-LARSEN)
17:30-18:00 Xiangyu QU: An Axiomatization of the Mean Variance Criterion