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Newsletter 169: Dec 12, 2016

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 December 12th

2:30pm to 4:00pm - 1101 IAB
Economic Theory Workshop - Martin Cripps
Tile Not Available

Tuesday December 13th

12:30pm to 1:30pm - Uris 329
PhD Seminars - Kunal Sacheva
Title Not Available

2:15pm to 3:45pm - 1101 IAB
Industrial Organization & Strategy Seminar - Andrew Sweeting (Maryland) 
Dynamic Oligopoly Pricing with Asymmetric Information: Implications for Mergers  (Joint with NYU/Stern; at Columbia)

Article of the Week
The Mistakes We Make When Giving to Charity
Recent research conducted by Dr. Benartzi, professor and co-head of the behavioral decision-making group at UCLA Anderson School of Management, and Dr. Olivola, assistant professor of marketing at Carnegie Mellon, highlights three biases that limit our generosity when making decisions on whether and how much to donate to charity. The first is the "martyrdom effect", which accounts for our observed preference for forms of giving that involve significant sacrifice and challenge. The second is the "other-nothing neglect", which describes our tendency to think asymmetrically about tradeoff's between selfish and selfless outcomes. The third is "the unexpected joy of giving", which shows we are happier than we think we'd be after acts of charity.   

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