D-TEA (Decision: Theory, Experiments, and Applications) 2015

Decisions and Finance



                 Wednesday, May 27


Morning Session (Chair: Bernard CORNET)

08:45-09:00   Welcome

09:00-09:30   Frank RIEDELKnightian 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, Simone CERREIA-VIOGLIO, Massimo MARINACCI, 

                      Thomas SARGENT)

12:00-12:30   Xavier GABAIXA 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 CORNETSubmodular 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