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Newsletter 183: May 1, 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 May 1st

2:30pm to 3:45pm - IAB 1101
Economic Theory Workshop - Takuo Sugaya (Stanford University)
Title Not Available

Tuesday May 2nd

2:15pm to 3:45pm - IAB 1101
Industrial Organizational & Strategy - Ying Fan (University of Michigan)
Competition, Product Proliferation and Welfare: A Study of the U.S. Smartphone Market (with Chenyu Yang)

4:15pm to 5:45pm - IAB 1101
Money-Macro Workshop - Simon Gilchrist (Boston University)
Financial Heterogeneity and Monetary Union (with Raphael Schoenle, Jae Sim, and Egon Zakrajsek)

Friday May 5th

12:30pm to 1:45pm - Uris TBA
Competitive Strategy Seminar - Larry Wein
Title Not Available

Seminars of Interest at NYU

Tuesday May 2nd 

12:30pm to 2:00pm - Psychology Room 551 
Social Psychology Brown Bags - Sarah DiMuccio
Title Not Available 

Article of the Week
Can we design a better fuel economy label?
Recent research by CDS' own Eric Johnson and Elke Weber, along with collaborators Adrian R. Camilleri and Rick Larrick, looks at how consumers react to different combinations of information taken from the Monroney sticker. The Monroney sticker is the label required to be displayed in all new automobiles, which describes various fuel economy metrics. The Monroney sticker was updated for all automobiles beginning in model year 2013. Overall, their research suggests that the updated Monroney sticker is well-designed to encourage consumers to purchase more fuel-efficient vehicles: presentation of multiple “translated attributes” actually eases decision-making by better aligning consumer’s objectives and choices.

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