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(June 16-19) D-TEA Conference 2020 “Prospect Theory”

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D-TEA (Decision: Theory, Experiments, Applications) is an annual workshop dealing with decision sciences, held by HEC, Paris. It aims to promote dialogs between theory, experimental findings, and applications (where “applications” might mean actual decision making as well as the construction of theoretical or empirical models in the social sciences). One of D-TEA’s goals is to highlight recent development in the field, and bring together researchers who work on similar questions. To this end, D-TEA has an annual “theme”, and it gives priority to papers related to the theme.

This year’s D-TEA Conference will focus on:

Prospect Theory

Date: June 16-19, 2020, 3pm-6pm (CET, GMT+2)
Location: Zoom Online Meeting


Tuesday, June 16

Chair: Mohammed ABDELLAOUI

15:00‐15:15 Lionel PAGE: If You Can You Must: The Evolutionary Foundation of Reference Point Choice and Loss Aversion (w/ Greg KUBITZ)
15:15‐15:30 Taisuke IMAI: Meta‐Analysis of Empirical Estimates of Loss‐aversion (w/ Alexander BROWN, Ferdinand VIEIDER, Colin CAMERER)
15:30‐15:45 Ulrich SCHMIDT: Hyperbolic Loss Aversion (w/ Jan KRAUSE, Patrick RING)
15:45‐16:00 Kfir TSHUVA: The Complexity of Choice and Loss Aversion
16:00‐16:15 Aurélien BAILLON: Leveraging Probability Distortion to Target Prevention? Evidence from a Lottery Experiment on Cardiovascular Risk (w/ Joseph CAPUNO, Aleli KRAFT, Jenny KUDYMOWA, Owen O’DONNELL)
16:15‐16:30 Maik DIERKES: The Need for Discontinuous Probability Weighting Functions: How Cumulative Prospect Theory is Torn Between the Allais Paradox and the St. Petersburg Paradox (w/ Vulnet SEJDIU)
16:30‐16:45 Break
16:45‐17:00 Mark KIRSTEIN: What Are We Weighting for? A Mechanistic Model for Probability Weighting (w/ Alexander ADAMOU, Yonatan BERMAN, Ole PETERS)
17:00‐17:15 Atiye YEGANLOO: Probability Biases in Repeated Prisoner’s DilemmaGame
17:15‐17:30 David FREEMAN: Revealing Choice Bracketing (w/ Andrew ELLIS)
17:30‐17:45 Jian LI: Comparative Profitability of Product Disclosure Statements (w/ Anastasia BURKOVSKAYA)
17:45‐18:15 Invited talk - Daniel KAHNEMAN: Prospect Theory

Wednesday, June 17

Chair: Stefania MINARDI

15:00‐15:15 Ilke AYDOGAN: Prior Beliefs and Ambiguity Attitudes in Decision from Experience
15:15‐15:30 Brian HILL: Eliciting Multiple Priors (w/ Mohammed ABDELLAOUI, Philippe COLO)
15:30‐15:45 Jan Christopher KOPS: A Test of (Weak) Certainty Independence (w/ Christian KONIG‐ KERSTING, Stefan TRAUTMANN)
15:45‐16:00 Kirsten ROHDE: Aggregation over Risk and Time in Risky Intertemporal Choice: Which Order? (w/ Xiao YU)
16:00‐16:15 Yonatan BERMAN: Risk Preferences in Time Lotteries (w/ Mark KIRSTEIN)
16:15‐16:30 Yoram HALEVY: The Relation between Behavior under Risk and Over Time (w/ Anujit CHAKRABORTY, Kota SAITO)
16:30‐16:45 Break
16:45‐17:00 Yehuda IZHAKIAN: Knight Meets Sharpe: Capital Asset Pricing under Ambiguity
17:00‐17:15 Lasse MONONEN: State Dependent Utility and Ambiguity
17:15‐17:30 Pietro ORTOLEVA: Ambiguous Information and Dilation: An Experiment (w/ Denis SHISHKIN)
17:30‐17:45 Craig FOX: Ambiguity Aversion as Distaste for Epistemic Uncertainty
17:45‐18:15 Round Table: Risk, Uncertainty, and Time: Is There a Unified Framework? w/ Yoram HALEVY, Mark MACHINA, Sujoy MUKERJI, John QUIGGIN

Thursday, June 18

Chair: Emmanuel KEMEL

15:00‐15:15 Lorenzo BASTIANELLO: An axiomatization of Cumulative Prospect Theory (w/ Alain CHATEAUNEUF, Bernard CORNET)
15:15‐15:30 Ido EREV: Six Contradicting Deviations from Rational Choice, and the Impact of Experience (w/ Eyal ERT, Ori PLONSKY, Yefim ROTH)
15:30‐15:45 Emmanuel KEMEL: An Econometric Estimation of Prospect Theory for Natural Ambiguity (w/ Sofiia MUN)
15:45‐16:00 Immanuel LAMPE: Intertemporal Prospect Theory (w/ Matthias WEBER)
16:00‐16:15 Leonidas SPILIOPOULOS: Is Prospect Theory Domain‐general or Domain‐specific? The impact of complexity and uncertainty
16:15‐16:30 Sebastian EBERT: Skewness Preferences in Choice under Risk (w/ Paul KAREHNKE)
16:30‐16:45 Break
16:45‐17:00 Ferdinand VIEIDIER: All Over the Map: A Worldwide Comparison of Risk Preferences (w/ Olivier L’HARIDON)
17:00‐17:15 David DILLENBERGER: An Explicit Representation for Disappointment Aversion and Other Betweenness Preferences (w/ Simone CERREIA‐VIOGLIO, Pietro ORTOLEVA)
17:15‐17:30 Indira PURI: Preference for Simplicity
17:30‐17:45 Douglas BERNHEIM: Direct Test of Cumulative Prospect Theory (w/ Charles SPRENGER)
17:45‐18:15 Invited talk - Peter WAKKER: The History of Prospect Theory
18:15‐18:45 Round Table: Does Prospect Theory Predict Well? w/ Mohammed ABDELLAOUI, Douglas BERNHEIM, Ido EREV, Daniel KAHNEMAN, Peter WAKKER

Friday, June 19

Chair: Brian HILL

15:00‐15:15 Soo Hong CHEW: A Parsimonious Theory of Subjective Probability (w/ Jacob SAGI, Wang WENQIANG)
15:15‐15:30 Hendrik ROMMESWINKEL: Preference for Knowledge (w/ Hung‐Chi CHANG, Wen‐Tai HSU)
15:30‐15:45 Chen ZHAO: Behavioral Neural Networks (w/ Sung‐Lin HSIEH, Shaowei KE, Zhaoran WANG)
15:45‐16:00 Chris STARMER: Investigating Choice Overload (w/ Robin CUBITT, Jörg WEBER)
16:00‐16:15 Peter CARADONNA: The Implications of Experimental Design for Choice Data
16:15‐16:30 Paul CHEUNG: Guilt Moderation
16:30‐16:45 Break
16:45‐17:00 John REHBECK: When Choices are Mistakes (w/ Kirby NIELSEN)
17:00‐17:15 Jose Heleno FARO: The Luce Model with Replicas
17:15‐17:30 Marina AGRANOV: Ranges of Preferences and Randomization (w/ Pietro ORTOLEVA)
17:30‐17:45 Igor KOPYLOV: Revealed Delegation and Persuasion (w/ Erya YANG)
17:45‐18:15 Round Table: Where Should Decision Science Go From Here? w/ Soo Hong CHEW, Faruk GUL, Edi KARNI, David SCHMEIDLER


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