Seminars of Interest at Columbia
Tuesday April 3rd 12:30pm to 1:45pm - Uris 307
Macroeconomics Lunch Group - Alessandro Dovis
Title Not Available 12:30pm to 2:00pm - Uris 332
Management Seminar -- Marvin Lieberman (UCLA - Anderson)
Creating and capturing value: What does that mean, and how can it be measured?
4:00pm to 5:00pm - Jerome L. Greene Science Center
Systems, Cognitive and Computational Neuroscience Seminar - Alexander Huth (University of Texas at Austin)
Voxel-wise Encoding Model for Language and Vision
4:15pm to 5:45pm - IAB 1101
Money Macro Workshop - Brent Neiman
Accounting for Factorless Income (with Loukas Karabarbounis) Wednesday April 4th 2:15pm to 3:45pm - IAB 1101
International Economics Workshop - Danial Lashkari (Yale)
Title Not Available 4:10pm to 5:30pm - Schermerhorn 614
Psychology Department Colloquium - Lila Davachi
Title Not Available 4:15pm to 5:45pm - 1101 IAB
Applied Microeconomics - Nicola Bianchi
Title Not Available Thursday April 5th 12:30pm to 1:45pm - Uris 331
Finance Free Lunch (Faculty Only) - Charles Calomiris
Title Not Available 2:15pm to 3:45pm - Uris 303
Finance Seminar - Ramana Nanda
House Money and Entrepreneurship (with Sari Pekkala Kerr and William R. Kerr)
Article of the Week
Why Do We Make Bad Equity Decisions?
A behavioral economist at Cal Tech, Colin Camerer, is using decision neuroscience to examine why people make irrational stock market investment decisions. To do this, Camerer places undergraduate students in an fMRI and has them make trading decisions (buy/sell/hold) about a series of three artificial stocks. Participants were only permitted to hold one stock at a time and, after each trial, were given information about the stocks' performance. After receiving this price information, students were permitted to trade their held stock for a different one. Camerer found that the participants made poor trading decisions and were more likely to sell "winners" than "losers." In addition, Camerer found evidence of the "regret-repurchase" effect, whereby participants were less likely to re-buy a stock they had sold at a loss than a stock they had earned money from in a previous round. Camerer also found that the best traders--those who earned the most--had more activity in the insula than the lower-earning traders. Conversely, lower-earning traders showed more activity in the nucleus accumbens than higher-earning traders. | 
