RAND Behavioral Finance Forum Fall 2016

In partnership with the World Bank Global INsights Initiative (GINI)

pinstock/Getty Images

Theme:	Innovative Applications of Behavioral Economics in Consumer and Government Decisionmaking: Global Evidence
Date:	Monday, November 14, 2016
Time:	8:30 a.m. – 5:00 p.m. ET
Location:	World Bank Group Headquarters Main Complex (MC Building) 1818 H St NW Washington, D.C. 20433
Keynote Speaker:	Nobel Laureate George Akerlof
Webcast:	http://www.worldbank.org/en/news/video/2016/11/14/rand-gini-behavioral-finance-forum

About the Event

Since 2008, the RAND Behavioral Finance (BeFi) Forum has provided a platform for the academic community to present cutting-edge financial and economic behavioral decision making research. By convening policymakers, practitioners, and researchers, RAND facilitates the behavioral finance and economic discourse to improve decision making and outcomes. This year's forum will focus on innovative applications of behavioral insights used to improve consumer welfare as well as to help overcome challenges facing societies, governments, and regulators around the world. A special spotlight panel, consisting of industry professionals, will detail how technology companies are incorporating experimental testing and behavioral insights into their products.

This event has passed. For information about future events, please contact befi@rand.org.

BeFi Conference Agenda

Agenda is subject to change. All times are Eastern.


CONTINENTAL BREAKFAST		8:30 - 9:00 a.m.
WELCOME RAND Corporation and the World Bank Global INsights Initiative (GINI)		9:00 - 9:15 a.m.
KEYNOTE ADDRESS		9:15 - 10:00 a.m.
	George Akerlof, Professor, Georgetown University, Nobel Laureate in Economics, 2001; Author, Phishing for Phools: The Economics of Manipulation and Deception
	Introduction: Julian Jamison, Behavioral Economist, World Bank Global INsights Initiative (GINI)
BREAK		10:00 - 10:15 a.m.
SESSION I	Consumer Finance: Behavioral Approaches to Improving Credit Health	10:15 - 11:45 a.m.
	An Evaluation of the Impacts of Two “Rules of Thumb” for Credit Card Revolvers Brett Theodos, Urban Institute
	Building Financial Health Among the Economically Vulnerable: Evaluation of a Credit Building Loan Product Jeremy Burke, RAND Corporation
	"If you are going to pay within the next 24 hours, press 1": Minimalist planning prompt reduces credit card delinquency Nina Mazar, World Bank Global INsights Initiative (GINI)
	The Effect of Text Reminders and APR Information on Creditworthiness in the United States Anat Bracha, Federal Reserve Bank of Boston
	Discussant: Katherine Carman, RAND Corporation
	Moderator: Salar Jahedi, senior economist, Amazon; Director, RAND BeFi Forum
LUNCH BREAK		11:45 - 12:15 p.m.
SPOTLIGHT LUNCH PANEL		12:15 - 1:15 p.m.
	Applying Social Science: Stories from the Field and Visions for the Future Paul Cohen, One Medical Kelvin Kwong, Jawbone Kristen Berman, Common Cents Lab Moderator: Michael Norton, Harvard Business School
BREAK		1:15 - 1:30 p.m.
SESSION II	Global Evidence on Behavioral Approaches to Financial Decisionmaking	1:30 - 3:00 p.m.
	Moral Incentives: Experimental Evidence from Repayments of an Islamic Credit Card Martin Kanz, World Bank
	Incentives, Cues and Habit Formation Margaret McConnell, Harvard T.H. Chan School of Public Health
	Materially Poor but Socially Rich: How Community Trust Protects Low-Income Groups from Myopic Decisions Jon M. Jachimowicz, Columbia Business School
	Using interactive SMS and behaviorally-informed messaging to increase activity in mobile banking Maria Fernandez Vidal, Consultative Group to Assist the Poor (CGAP)
	Discussant: Alexandra Fiorillo, GRID Impact
	Moderator: Nina Mazar, Senior Behavioral Scientist World Bank Global INsights Initiative (GINI)
COFFEE BREAK		3:00 - 3:15 p.m.
SESSION III	Industry Innovation, Government Programs, and Regulation	3:15 - 4:45 p.m.
	Liquidity Constraints and Budgeting Mistakes: Evidence from Social Security Recipients Jialan Wang, University of Illinois at Urbana-Champaign
	Attention, search and switching: Evidence on mandated disclosure from the savings market Redis Zaliauskas, UK Financial Conduct Authority
	Tools for Saving: Using Prepaid Cards to Set Aside Funds Melissa Knoll, Consumer Financial Protection Bureau
	Identity Theft as a Teachable Moment Vyacheslav Mikhed, Federal Reserve Bank of Philadelphia
	Discussant: Angela Hung, RAND Corporation
	Moderator: Krishna Kumar, Director, RAND Labor and Population
CLOSING REMARKS		4:45 - 5:00 p.m.