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BEGIN:VEVENT
DTSTAMP:20260623T084521Z
DTSTART;VALUE=DATE-TIME:20140729T141500
DTEND;VALUE=DATE-TIME:20140729T154500
SUMMARY:DR@W Summer Talk: Barry Sopher
TZID:Europe/London
UID:20140729-8a1785d77b065d9b017b5dc5cb4d1f8a@warwick.ac.uk
CREATED:20140707T105315Z
DESCRIPTION:Barry Sopher (Department of Economics\, Rutgers) "Intertempor
 al Planning with Temptation\, or Anticipating Your Lazy\, Disorganized S
 elf" We investigate inter-temporal planning problems as a way of gaining
  understanding of the characteristics of individual decision makers and 
 the choice options presented to them that lead decisions to be optimal o
 r sub-optimal. Key to determining whether a decision is suboptimal is de
 termining whether a decision is objectively a bad decision\, but this is
  not so easy to do as might be thought. A frequent simplifying assumptio
 n that is made in studies of this sort is that choice of options that yi
 eld lower monetary payments than other available options is suboptimal\,
  but consideration of uncertainty in fulfilling requirements to obtain f
 uture payments easily disposes of this notion. For example\, if one opts
  for an option in which one pays zero interest for a year on a purchase\
 , but then fails to pay the item off before high interest charges kick i
 n\, this might be considered suboptimal\, compared to paying the item of
 f up front\, or in some other fashion. But key here is that what makes a
 n action optimal or suboptimal is often contingent on information that i
 s essentially unobservable\, specifically\, the probability that one wil
 l fail to pay the item off in time. In the experiment we will be able to
  make inferences about whether behaviour was optimal or not\, by making 
 inferences about personal characteristics based on the choices one makes
 \, and then observing actual behaviour in executing the chosen option to
  see if it is consistent with the choice behaviour observed. Download Po
 ster
LOCATION:Room B1.19\, ÌÇÐÄTV ÌÇÐÄTV School
CATEGORIES:Draw Forum
LAST-MODIFIED:20210819T093725Z
ORGANIZER;CN="":
END:VEVENT
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