Intertemporal Choice created 2011.02.21 (1)

Intertemporal Choice created 2011.02.21 (1) - Quiz #6,...

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Quiz #6, February 24th What are the innovative features of SMarT plan? What behavioral biases and behavioral economics concepts the SMarT plan plays on? (three of them) What was the criticism of the first implementation of the SMarT plan? What is the paper’s defense for that criticism? What was the interesting finding in the third implementation of the SMarT plan? How Duflo and Saez (2003) investigates the information and peer effects on saving decisions? Explain the field experiment they run. Why they did not send invitations for the benefits fair to everyone in the treated departments? What is the interesting finding in DellaVigna and Malmendier (2006) study? How do DellaVigna, List, and Malmendier (2009) disentangle the effects of altruism and social pressure in donations in their field experiment? What is the aim of flier condition? What is the aim of opt-out condition? They determine that the flyer and the opt-out conditions significantly decreased the frequency of opening the door. However, they also found that the actual giving did not decrease significantly. How do you explain this finding?
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Intertemporal Choice
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Roadmap Early Perspectives Joint product of many psychological motives Samuelson’s Discounted Utility (DU) model Accepted as a normative and descriptive standard One parameter to capture time discounting (not pure time preference) Estimating discount rates DU anomalies
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This note was uploaded on 04/15/2011 for the course ECON 73-348 taught by Professor Hafalir during the Spring '11 term at Carnegie Mellon.

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Intertemporal Choice created 2011.02.21 (1) - Quiz #6,...

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