RAND Behavioral Finance Forum 2017

Two jars of coins labelled 'now' and 'future'

Photo by thekob5123 / Adobe Stock

Theme:	Promoting Consumer Competence in Financial Decision-Making
Date:	Tuesday, October 24, 2017
Time:	8:30 a.m. – 5:15 p.m. ET
Location:	The Pew Charitable Trusts 901 E Conference Center 901 E Street, NW Washington, D.C.

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About BeFi

The RAND Behavioral Finance (BeFi) Forum brings together academic, financial, and government leaders to share cutting-edge behavioral research in financial decisionmaking and related topics through an annual conference and webinar series.

This year's forum will focus on financial decision-making as it relates to aging, debt and credit, retirement planning, and investments and disclosure. Presentations include a mix of studies from academics, policy makers, and industry working to better understand financial decisions.

Featured Speakers

Wändi Bruine de Bruin

Professor of Behavioral Decision Making,
Center for Decision Research, Leeds University Business School
Topic: Aging and Decision-Making Competence

Brigitte Madrian

Aetna Professor of Public Policy and Corporate Management, the Harvard Kennedy School
Topic: Borrowing to Save? The Impact of Automatic Enrollment on Debt

BeFi Forum Program

Agenda is subject to change. All times are Eastern.


CONTINENTAL BREAKFAST		8:30 - 9:00 a.m.
WELCOME	RAND Corporation and the Pew Charitable Trusts	9:00 - 9:15 a.m.
KEYNOTE ADDRESS		9:15 - 10:15 a.m.
	Aging and Decision-Making Competence Wändi Bruine de Bruin, Leeds University Business School
BREAK		10:15 - 10:30 a.m.
SESSION I	Using Behavioral Insights to Support Retirement Planning	10:30 - 11:45 a.m.
	Costly Zero Bias in Target Retirement Fund Choice Xiao Liu, New York University
	A Community Based Randomized Controlled Trial on an Educational Intervention “YoPlaneoMiRetiro” to Promote Retirement Saving Among Hispanics Luisa Blanco, Pepperdine University
	Improving engagement with pension decisions: evidence from a randomised controlled trial Elisabeth Costa, The Behavioral Insights Team
	Discussant: Melissa Knoll, Consumer Financial Protection Bureau
BREAK		11:45 - 12:15 p.m.
LUNCH SPEAKER		12:15 - 1:00 p.m.
	Borrowing to Save? The Impact of Automatic Enrollment on Debt Brigitte Madrian, Harvard Kennedy School
SESSION II	Consumer Credit Behavior	1:00 - 2:15 p.m.
	Status Goods: Experimental Evidence from Platinum Credit Cards Martin Kanz, World Bank
	Do Prize-Linked Incentives Promote Positive Financial Behavior? Evidence from a Debt Reduction Intervention Jeremy Burke University of Southern California
	Don't Watch Me Read: Effects of Mandatory Waiting Periods and Observer Presence on Consumer Responses to Disclosures Alycia Chin, Consumer Financial Protection Bureau
	Discussant: Clinton Key, The Pew Charitable Trusts
BREAK		2:15 - 2:30 p.m.
SESSION III	Providing Information to Consumers	2:30 - 3:45 p.m.
	Does Changing How Fees Are Displayed Nudge Investors Away From Overpriced Index ETFs?: Evidence from Two Experiments Ray Sin, Morningstar, Inc.
	Competing Methods of Informing Student Borrowers: A Randomized Field Experiment at a For-profit Online University Drew Anderson, RAND Corporation
	Learning and Confirmation Bias: Measuring the Impact of First Impressions and Ambiguous Signals Julie Agnew, College of William and Mary
	Discussant: Angela Hung, RAND Corporation

BREAK		3:45 - 4:00 p.m.
SESSION IV	The Impact of Peers on Financial Decisions	4:00 - 5:15 p.m.
	Peer Advice on Financial Decisions: A case of the blind leading the blind? Sandro Ambuehl, University of Toronto
	Raising Anchor for Behavioral Interventions: Evidence in Favor of Peer Effects Pieter Verhallen, Maastricht University
	Prompting Savings Behavior through Social Comparison Martina Raue, Massachusetts Institute of Technology
	Discussant: Katherine Carman, RAND Corporation

CLOSING REMARKS		5:15 p.m.

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This event has passed.