Daniel Martin is an Assistant Professor in the Managerial Economics and Decision Sciences (MEDS) department at Northwestern University’s Kellogg School of Management. He is a behavioral and experimental economist who studies the processing and disclosure of information. For example, he investigates why firms do not voluntarily and clearly disclose information about product quality and why consumers do not pay full attention to information about prices or product quality.
Framing effects are often attributed to misperceptions. In this study, however, we document a large and robust framing effect that is not reflective of misperceptions. Our framing effect persists when agents gain experience, pay attention, and are provided with information that prevents miscalculations. We propose and provide evidence as to why our framing effect persists: the majority is driven by self-serving motives. Our results suggest that framing effects, as well as other behavioral biases driven by self-serving motives, may be notably robust to de-biasing conditions.
Drew Fudenberg is the Paul A. Samuelson Professor of Economics at MIT. He received an A.B. in applied mathematics from Harvard College in 1978, and a Ph.D. in economics from MIT in 1981. Fudenberg’s work on game theory ranges from foundational work on learning and equilibrium to the analysis of repeated games and reputation effects to the study of particular games, competition between firms, and other topics in theoretical industrial organization. More recently he has worked on topics in behavioral economics and decision theory such as self-control and stochastic choice.
We would like to welcome Peter Schwardmann, who is visiting CESS from February to April 2017. Peter’s research focuses on motivated cognition and topics in behavioral industrial organization. He is particularly interested in why people hold biased beliefs and in how biased beliefs affect market outcomes. Peter works at the University of Munich and received his Ph.D. from the Toulouse School of Economics in 2014.
Attila Ambrus is a Professor of Economics at Duke University, and a Research Economist at the NBER. His research spans across topics in microeconomic theory, game theory, experimental economics, political economy and development economics, and include bargaining, strategic communication and delegation, group decision-making, coalition formation, and risk-sharing arrangements on social networks. Dr. Ambrus serves as an associate editor of the Journal of Economic Theory, the International Journal of Game Theory, and the Review of Economic Design. He received his Ph.D. in Economics at Princeton University, and his B.A. at the Budapest University of Economics.
We would like to welcome Johannes Leutgeb, who will be a visiting CESS from September to December 2016. While at CESS Johannes will be furthering his research agenda on long-run learning behavior in competitive environments, stability of cooperation and competition for influence.
Johannes Leutgeb is a research fellow at WZB Berlin and PhD candidate in experimental economics. He holds a Master’s and Bachelor’s degree in economics from the University of Vienna. His research interests are long-run learning behavior in competitive environments, stability of cooperation and competition for influence.
We would like to welcome Rustamdjan Hakimov, who will be visiting CESS from September to December 2016. While at CESS, Rustam is planning to continue his research on experimental comparison of different matching mechanism, and various ways of implementation of the same mechanisms, for instance dynamic versus static versions. Additionally he will conduct research on effects of exogenous beliefs shifts about one’s relative ability on outcomes of centralized labor markets.
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Rustamdjan Hakimov is a postdoctoral research fellow at WZB Social Science Center Berlin. He acquired hi PhD from the Technische Universität Berlin in Summer 2016. His main research interest lays on intersection of behavioral economics and market design, in particular matching markets.
CESS is pleased to welcome the following Professors and Researchers who will be visiting during the 2015-2016 academic year:
|Professor Willemien Kets, |
Visiting from MEDS,
Kellogg School of
|Professor Jasmina Arifovic,|
visiting from Simon
|Dr. Andreas Grunewald,|
visiting from University
|Isabel Marcin, |
visiting from Max
| Professor Giovanni Ponti,|
Visiting from the University
| Assistant Professor Ernesto Reuben,|
Visiting from Columbia University
| Veronica Rattini,
Visiting from the University of Bologna
Registration for the Ninth Annual NYU-CESS Experimental Political Science Conference this Spring on February 19th & 20th 2016 is now open. To register please click here.
We have an excellent set of papers and a poster session for graduate students. Registration will close on February 8th 2016. Please visit the website for more information here.
Title of the talk: “Information Acquisition and Provision in School Choice”
The seminar will take place in NYU Economics Department, Room 517.