Newsletter 182: Apr 24, 2017

The Center for Decision Sciences at Columbia Business School
Welcome to the Center for Decision Sciences' Weekly Newsletter. Below you can find a list of events of interest.

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Seminars of Interest at Columbia

Monday April 24th

2:30pm to 3:45pm - IAB 1101
Economic Theory Workshop - Erik Madsen (NYU)
Title Not Available

Tuesday April 25th

12:30pm to 2:00pm - Uris 332
Management Seminars - Zeke Hernandez (UPenn - Wharton)
How Firms Use Acquisitions to Enhance Their Network Positions

2:30pm to 3:45pm - IAB 1101
Industrial Organizational & Strategy Seminar - Pat Bayer (Duke University)
Speculative Fever: Investor Contagion in the Housing Bubble (with Kyle Mangum and James W. Roberts)

4:15pm to 5:45pm - IAB 1101
Money-Macro Workshop - Gianluca Violante (NYU)
Consumption and House Prices in the Great Recession: Model meets Evidence

Wednesday April 26th 

2:15pm to 3:45pm - 1101 IAB
International Economics Workshop - Michael Waugh (NYU)
Title Not Available

Thursday April 27th

12:30pm to 1:30pm - Uris 333
Marketing Seminar - Jose Zubizarreta (Columbia DRO)
Title Not Available

2:15pm to 3:45pm - Uris 140
Finance Seminar - Nicola Gennaioli (Universita' Bocconi)
Title Not Available

Seminars of Interest at NYU

Tuesday April 25th

12:30pm to 2:00pm - Psychology Room 551
Social Psychology Brown Bags - Shahrzad Goudarzi and Timothy Valshtein
Title Not Available

2:40pm to 4:00pm - 19 W 4th Street, Room 517
Neuroeconomics Colloquium - Michael Frank (Brown University)
Chunking as a rational strategy for lossy data compression in visual working memory

Article of the Week
Alleviating poverty through trust
New research co-authored by Jon Jachimowicz and Salah Chafik of Columbia Business School, Sabeth Munrat of BRAC, Jaideep Prabhu of Cambridge Judge Business School, and Elke Weber of Princeton University found that myopic ( i.e. short-sighted) decision-making among low-income individuals could be reduced by community trust. Poverty-stricken individuals may make myopic decisions because they are less likely to believe that a future payoff will occur or because they are unable to forgo immediate rewards due to financial need. Experimental studies that asked people to choose between smaller-sooner and larger-later rewards, as well as a two-year community trust intervention in Bangladesh were conducted. Results showed that when trained individuals acted as intermediaries between target communities and the government, myopic decision making was lower for individuals involved with those intermediaries.

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