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Newsletter 60: Nov 26, 2012

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. 

We welcome constructive feedback and suggestions to improve this newsletter. You may unsubscribe from this newsletter (but remain on our mailing list for other information) by clicking here and unchecking “Receive Newsletter.”
 

Upcoming seminars of potential interest at Columbia
 
Monday, Nov. 26
 
12.10-1.30, Schermerhorn 200C (Psych Dept Cognitive Lunch)
         Matthew Crump (Brooklyn College)
         "Coordinated cognition: Insights into hierarchical control processes from the psychology of skilled typewriting"
         http://www.brooklyn.cuny.edu/web/academics/faculty/faculty_profile.jsp?faculty=1059
         iCal (to add this event to your calendar)
 
For more information on Psych Dept Cognitive Lunch:
http://www.columbia.edu/cu/psychology/news/areatalks/lunch.html
 
2.30-4.00, 1101 IAB (Economic Theory Workshop)
         Geoffroy de Clippel
         “Behavioral Implementation”
         To read the paper click here.
         iCal (to add this event to your calendar)
 
For more information on Economic Theory Workshop:
http://www4.gsb.columbia.edu/finance/seminars/economictheory
 
2.40-4.00, Schermerhorn 200C (Psych Dept Social Snack)
         BJ Casey (Sackler Institute - Weill Medical College of Cornell)
        “Your Brain on Adolescence”
         http://www.sacklerinstitute.org/cornell/people/bj.casey/
         iCal (to add this event to your calendar)
 
For more information on Psych Dept Social Snack:
http://www.columbia.edu/cu/psychology/news/areatalks/snack.html?mode=interactive&screen=view&dpRaGTbLww_save=true&dpRaGTbLww_comment=
 
Tuesday, Nov. 27
 
12.30-1.45, Uris 307 (Marketing Seminar Series)
         TBA
         TBA
         iCal (to add this event to your calendar)
 
For more information on Marketing Division Seminar:
http://www4.gsb.columbia.edu/marketing/faculty/seminars
 
12.30-1.45, Uris 332 (Management Seminar Series)
         Adam Kleinbaum (Dartmouth)
        "Inside the Black Box of the Corporate Staff: Social Networks and the Implementation of Corporate Strategy"
         http://mba.tuck.dartmouth.edu/pages/faculty/adam.kleinbaum/
         iCal (to add this event to your calendar)
 
For more information on Management Division Seminar:
http://www4.gsb.columbia.edu/management/seminars
 
2:15-4:00, 330 Uris (I.O., Organizations, and Strategy)
         Antoinette Schoar (MIT - Sloan School)
         "The Technological and Agency Effect of IT: A Randomized Evidence from Credit Committees (with Daniel Paravisini)
         To read the paper click here.
         iCal (to add this event to your calendar)
 
For more information on I.O., Organizations, and Strategy:
http://www4.gsb.columbia.edu/finance/seminars/industorg
 
4:15-5:45, 1101 IAB (Money Macro Seminar)
         Javier Bianchi (Week-long visitor)
         International Reserves and Rollover Risk (with Juan Carlos Hatchondo and Leonardo Martinez)
         To read the paper click here.
         iCal (to add this event to your calendar)
 
For more information on Money Macro Seminar:
http://www4.gsb.columbia.edu/finance/seminars/money
 
Wednesday, Nov. 28
 
2.10-4.00, 1101 IAB (International Economics Workshop)
         Pablo Fajgelbaum
         Talk title TBA
         iCal (to add this event to your calendar)
 
For more information on International Economics Workshop:
http://www4.gsb.columbia.edu/finance/seminars/interecon
 
4.10-5.30, Schermerhorn 614 (Psych Dept Colloquium)
         Lila Davachi (NYU)
         Talk title TBA
         http://www.psych.nyu.edu/davachi/
         iCal (to add this event to your calendar)
 
For more information on Psych Dept Colloquium:
http://www.columbia.edu/cu/psychology/lists/colloquia.html
 
4:15-5:45, SIPA 1101 (Applied Microeconomics Seminar)
         Robert Jensen
         Talk title TBA
         iCal (to add this event to your calendar)
 
For more information on Applied Microeconomics Seminar:
http://www4.gsb.columbia.edu/finance/seminars/appliedmicro
 
Thursday, Nov. 29
 
2.15-3.45, Uris 330 (Finance Seminar)
         Raghu Sundaram
         "CDS Auctions and Informative Biases in CDS Recovery Rates" (with Sudip Gupta)
         To read the paper click here.
         iCal (to add this event to your calendar)
 
For more information on Finance Seminar Series:
http://www4.gsb.columbia.edu/finance/seminars/finance
 
 
Upcoming seminars of potential interest at NYU
 
Monday, Nov. 26 
 
4.15-5.30, Room 517, 19 West 4th St. (Applied Microeconomics Workshop)
         Presenter: Peter Arcidiacono (Duke University)
         "University Production Functions and the Choice of College Major: Evidence from California"
         To read the paper click here.        
         iCal (to add this event to your calendar)
 
For more information on the Applied Microeconomics Workshop:
http://econ.as.nyu.edu/object/econ.event.applied
 
Tuesday, Nov. 27
 
12.30-2.00, 6 Washington Place, Room 771 (Social Psych Brown Bags)
         Presenter: Malia Mason (Columbia)
         Talk title TBA
         iCal (to add this event to your calendar)
 
For more information on the Social Psych Brown Bag:
http://www.psych.nyu.edu/events/colloquia.html#socialbbs
 
2.30-4.00, Room 517, 19 West 4th St. (Neuroeconomics Seminar)
         Presenter: Botond Koszegi - (UCBerkeley)
         “A model of focusing in economic choice”
         http://www.neuroeconomics.nyu.edu/papers/Koszegi1.pdf
         iCal (to add this event to your calendar)
 
For more information on the Neuroeconomics Seminar:
http://www.neuroeconomics.nyu.edu/events_neuroeconomics_seminar.html
 
Wednesday, Nov. 28
 
4.00-5.00, Room 517, 19 West 4th St. (Microeconomic Theory Workshop)
         Presenter: Wojciech Olszewski (Northwestern University)
         Talk title TBA
         iCal (to add this event to your calendar)
 
For more information on the Microeconomic Theory Workshop:
http://econ.as.nyu.edu/object/econ.event.microeconomic
 
Thursday, Nov. 29
 
12.30-1.30, Room 517, 19 West 4th St.  (CESS Experimental Economics Seminar)
         Daniel J. Benjamin (Cornell University)
         Talk title TBA
         iCal (to add this event to your calendar)
 
For more information on CESS Experimental Economics Seminar Series:
http://cess.nyu.edu/seminars/fall-2012/
 
 
Weblink of the week
 
How unrealistic optimism is maintained in the face of reality
Unrealistic optimism is a pervasive human trait that influences domains ranging from personal relationships to politics and finance. How people maintain unrealistic optimism, despite frequently encountering information that challenges those biased beliefs, is unknown. We examined this question and found a marked asymmetry in belief updating. Participants updated their beliefs more in response to information that was better than expected than to information that was worse. This selectivity was mediated by a relative failure to code for errors that should reduce optimism. Distinct regions of the prefrontal cortex tracked estimation errors when those called for positive update, both in individuals who scored high and low on trait optimism. However, highly optimistic individuals exhibited reduced tracking of estimation errors that called for negative update in right inferior prefrontal gyrus. These findings indicate that optimism is tied to a selective update failure and diminished neural coding of undesirable information regarding the future.
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