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Newsletter 72: Apr 1, 2013

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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Upcoming seminars of potential interest at Columbia
 
Monday, Apr 1
 
12.10-1.30, Schermerhorn 200B (Psych Dept Social Cog Snack)
         Charlotte Prevost 
         "Cracking the almond: New insights into human amygdala
         circuitry in associative learning using high-resolution 
         imaging"
         iCal (to add this event to your calendar)

For more information on Psych Dept Cognitive Lunch:
http://www.columbia.edu/cu/psychology/news/areatalks/socialcognitive.html
 
2.30-4.00, IAB (Economic Theory Workshop)
         Eduardo Perez
         “Certifiable Pre-Pay Communication: Full Disclosure”
         (with Jeanne Hagenbach and Frederic Koessler )
         To read a paper on this topic, please 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
 
Tuesday, Apr 2
 
12.30-1.30, 307 Uris
         Marketing Seminar Series
         Chris Janiszewski (U Florida)  
         “The Value of Time”
         To read a paper on this topic, please click here
         iCal (to add this event to your calendar)
 
For more information on Marketing Seminar Series:
https://www4.gsb.columbia.edu/marketing/faculty/seminars
 
12.30-1.30, 332 Uris
         Management Division Seminar
         David DeSteno (Northeastern)
         “Can I trust you? Unlocking the cues to trust at zero-
         acquaintance”
         iCal (to add this event to your calendar)
 
For more information on Management Division Seminar:
http://www4.gsb.columbia.edu/management/seminars
 
2.15-3.45, 1101 IAB
         IO and Strategy Seminar
         Klaus Schmidt (University of Munich)
         “Loss aversion and ex post inefficient renegotiation”
         (with Fabian Herweg)
         To read a paper on this topic, please click here
         iCal (to add this event to your calendar)
 
For more information on the IO and Strategy Seminar:
http://www4.gsb.columbia.edu/finance/seminars/industorg
 
4.15-5.45, 1101 IAB
         Money Macro Seminar
         David Berger
         “Consumption dynamics during recessions”
         (with Joseph Vavra)
         To read a paper on this topic, please click here
         iCal (to add this event to your calendar)
 
For more information on the Money macro seminar:
http://www4.gsb.columbia.edu/finance/seminars/money
 
Wednesday, Apr 3
 
2.10-4.00, 1101 IAB
         International Economics Workshop
         Dave Donaldson (MIT)
         “Evolving comparative advantage and the impact of
         climate change in agricultural markets: evidence from a
         9 million field partition of the earth”
         (with Arnaud Costinot and Cory Smith)
         To read a paper on this topic, please click here
         iCal (to add this event to your calendar)
 
For more information on the international economics workshop:
http://www4.gsb.columbia.edu/finance/seminars/interecon
 
4.15-5.45, 1101 SIPA
         Applied Microeconomics Environment,
         Health, Labor and Public Finance Seminar
         Orazio Attanasio
         “Early childhood development in Columbia: impact of
         stimulation intervention and estimation of human capital
         accumulation production function
         iCal (to add this event to your calendar)
 
For more information on the Applied Microeconomics Seminar:
http://www4.gsb.columbia.edu/finance/seminars/appliedmicro
 
Thursday, Apr 4
 
12.30-2.00, Uris 301
         Nassim Taleb  (NYU Polytechnic Institute)
         “Antifragile: Things that gain from disorder”
 
         Nassim N. Taleb is a former derivatives trader who became
         a scholar and philosophical essayist in 2006. Although he
         is currently Distinguished Professor of Risk Engineering at
         New York University’s Polytechnic Institute, he self-funds
         his research and operates in the manner of independent
         scholars. Taleb is the author of The Black Swan
         (2007–2010) and Antifragile (2012).  His works focuses on
         decision making under uncertainty, as well as technical and
         philosophical problems with probability and
         metaprobability, in other words "what to do in a world we
         don't understand".
         iCal (to add this event to your calendar)
 
To RSVP for this event:
https://groups.gsb.columbia.edu/CDS/rsvp?id=143316
 
2.15-3.45, Uris Hall
         Finance Seminar
         Victoria Ivashina  
         Topic TBA
         iCal (to add this event to your calendar)
 
For more information on the Finance Seminar:
http://www4.gsb.columbia.edu/finance/seminars/finance
 
5.15-6.45, Uris 333
         Martin Weber
         “Time inconsistent preferences and the annuitization
         decision”
 
        Abstract As defined benefit pensions decline and life
        expectancy increases there is a growing need to take
        care for one’s income after retirement.
        Defined contribution plans have become more popular
        where people save a defined rate during the time they
        work which due to smart investing should give them a
        sum of money once they are about to retire. At that point,
        people have to choose whether they take that lump sum
        or to annuitize the amount. The fact that people tend
        to choose the lump sum even if economic reasons
        suggest that they should choose the annuity is called the
        annuity paradox.In a large online survey we find that
        people behave time inconsistent: Older people have a
        stronger tendency to choose the lump sum than younger
        people when they predict today what to choose when they
        are old. This effect is considerably stronger for participants
        that answer simple time preference questions inconsistently.
        Our findings suggest to think about precommitment
        devices for the annuitization decision already at the time
        when the defined benefit plan is started.
        iCal (to add this event to your calendar)
 
For more information on the Martin Weber talk:
https://groups.gsb.columbia.edu/CDS/rsvp?id=121502
 
Upcoming seminars of potential interest at NYU
 
Monday, Apr 1 
 
2.00-3.00, NYU Neuroscience Colloquia
         Skirtball Institute Medical Center
         4th floor seminar room 540 First Avenue
         Virginia Lee (UPenn)
         Topic TBA
         iCal (to add this event to your calendar)
 
For more information on NYU Neuroscience Colloquia:
http://www.cns.nyu.edu/colloquia/
 
4.30-5.30, Room 517, 19W 4th Street
         Applied Microeconomics Workshop
         Eleonora Patacchini (Syracuse University)
         “Peer Effects: social multiplier or social norms?”
         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, Apr 2
 
12.30-2.00, Room 771, 6 Washington Place
         Social Psych Brown Bag
         Seth Dickinson
         “Proactive control of racial bias”
         Joanna Sterling
         “Terror management in the 2012 presidential election”
         iCal (to add this event to your calendar)
 
For more information on the Social psychology brown bag:
http://www.psych.nyu.edu/events/colloquia.html
 
2.30-4.00, Room 517, 19West 4th street
         Neuro-economics Seminar
         Aldo Rustichini (U of Minnesota)
         “ A neuronal theory of the decision process”
         To read an abstract on this topic, please click here
         iCal (to add this event to your calendar)
 
For more information on the neuro-economics seminar:
http://www.neuroeconomics.nyu.edu/events_neuroeconomics_seminar.html
 
Wednesday, Apr 3
 
4.00-5.00, Room 517 19 West 4th street
         Microeconomic Theory Workshop
         Simon Board (UCLA)
         “Revenue management with forward-looking buyers”
         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, Apr 4
 
4.00-5.00, Room 551, 6 Washington Place
         Social Neuroscience Colloquia
         Amy Arnsten (Yale)
         Title TBA
       iCal (to add this event to your calendar)

For more information on the NYU Social colloquia:
http://www.psych.nyu.edu/events/colloquia.html
 
        
Weblink of the week
 
Letting Down Our Guard With Web Privacy
 

Alessandro Acquisti, a behavioral economist at Carnegie Mellon Universityin Pittsburgh, studies how we make these choices. In a series of provocative experiments, he has shown that despite how much we say we value our privacy — and we do, again and again — we tend to act inconsistently.
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