RAND Behavioral Finance Forum Fall 2016
In partnership with the World Bank Global INsights Initiative (GINI)
|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|
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.
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BeFi Conference Agenda
Agenda is subject to change. All times are Eastern.
8:30 - 9:00 a.m.
WELCOME RAND Corporation and the World Bank Global INsights Initiative (GINI)
9:00 - 9:15 a.m.
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)
10:00 - 10:15 a.m.
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
Building Financial Health Among the Economically Vulnerable: Evaluation of a Credit Building Loan Product
"If you are going to pay within the next 24 hours, press 1": Minimalist planning prompt reduces credit card delinquency
The Effect of Text Reminders and APR Information on Creditworthiness in the United States
Discussant: Katherine Carman, RAND Corporation
Moderator: Salar Jahedi, senior economist, Amazon; Director, RAND BeFi Forum
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
Moderator: Michael Norton, Harvard Business School
1:15 - 1:30 p.m.
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
Incentives, Cues and Habit Formation
Materially Poor but Socially Rich: How Community Trust Protects Low-Income Groups from Myopic Decisions
Using interactive SMS and behaviorally-informed messaging to increase activity in mobile banking
Discussant: Alexandra Fiorillo, GRID Impact
Moderator: Nina Mazar, Senior Behavioral Scientist World Bank Global INsights Initiative (GINI)
3:00 - 3:15 p.m.
Industry Innovation, Government Programs, and Regulation
3:15 - 4:45 p.m.
Liquidity Constraints and Budgeting Mistakes: Evidence from Social Security Recipients
Attention, search and switching: Evidence on mandated disclosure from the savings market
Tools for Saving: Using Prepaid Cards to Set Aside Funds
Identity Theft as a Teachable Moment
Discussant: Angela Hung, RAND Corporation
Moderator: Krishna Kumar, Director, RAND Labor and Population
4:45 - 5:00 p.m.