International Association for Research

in Economic Psychology
and
Society for the Advancement of
Behavioral Economics

Joint conference

July 7-11

Halifax, NS

"Behavioural Economics, Economic

Psychology: Theory and Policy"

Conference Program
 Organizing Committee

Morris Altman
morris.altman@usask.ca

Sonja Novkovic
snovkovic@smu.ca

Scientific committee

Morris Altman
Chair
morris.altman@usask.ca

Luigi Mittone
luigi.mittone@gmail.com

Vera Rita de Mello Ferreira

verarita@verarita.psc.br

Bernadette Kamleitner
bernadette.kamleitner@gmail.com

Gary D. Lynne
glynne@unlnotes.unl.edu

Charlotte D. Phelps
cdphelps@temple.edu

John Tomer
jtomer@juno.com

Sonja Novkovic
snovkovic@smu.ca

Student paper selection committee

Louis Levy-Garboua
Chair
Louis.Levy-Garboua@UNIV-PARIS1.FR
 IAREP/SABE - Halifax, 2009

International Association for Research in Economic Psychology (IAREP)

and Society for the Advancement of Behavioral Economics (SABE)
Joint conference
"Behavioural Economics, Economic Psychology: Theory and Policy"

Welcome to the beautiful Halifax, Nova Scotia, site of the first joint
IAREP/SABE conference in Canada.
In spite of the severe economic downturn, this conference has attracted
well over 200 submissions, with over 180 papers being presented.

We have also been able to attract three superb keynote speakers:

SABE’s Herb Simon Memorial lectures: George Akerlof (2001 Nobel
Laureate in Economics) and Gerd Gigerenzer; plus IAREP's Kahneman
lecture by Ilana Ritov.

This conference would not have been possible without the Herculean
efforts of Dr. Sonja Novkovic of Saint Mary’s University, chair of the
local organizing committee and member of the scientific committee and
of Bernadine Halliday, the Department of Economics Administrator at
SMU.

The IAREP-SABE joint conference aims at providing voice to economists,

psychologists and other academics across the disciplinary divide to
rigorously discuss and debate their latest research in all relevant
topics relating to behavioral economics and economic psychology.

We hope that you enjoy and are inspired by the conference and by the
culture and environment of Halifax, our host city.

Morris Altman
Chair of the Scientific Committee.
Welcome to Halifax!

It is our great pleasure to be hosting the IAREP-SABE 2009 conference

here in Nova Scotia. Halifax is known for its small size, big heart and
great hospitality. We hope you will find all this to be true.

Nova Scotia is also known for its great Fall weather. July, however, is a
month of fog, humidity and black bugs, so you will need your raincoat
and a sense of humour. It is also a month of the Tall Ships, Atlantic Jazz
Festival and the Royal Nova Scotia International Tattoo (as in marching
bands, not the other kind). While the quality of the conference is sure to
grab your attention, we wish you great evenings “out on the town”.

Support of Saint Mary’s University and Sobey School of Business are an

integral part of the organization of this conference, but this year we
particularly wish to highlight the contributions of our economics
students. Our recently re-invigorated Economics Students Society will
welcome you and help us make this event a memorable one.

On behalf of the local welcoming committee,

Sonja Novkovic
Local convener
 IAREP-SABE 2009 CONFERENCE PROGRAM
July 7-Tue July 8-Wed July 9-Thur July 10-Fri July 11-Sat
8:30 Registration Sessions 3 Sessions 6 Sessions 9
8:00-10:00 8:30-10:30 8:30-10:30 8:30-10:30
(SABE
Executive 8:30-
9:30)
10:00 Opening-
welcome
10:00-10:30
10:30 Sessions 1 Break Break Break
10:30-12:00 Sessions 4 Sessions 7 Sessions 10
11:00 11:00-12:30 11:00-12:30 11:00-12:30
11:30
12:00 Lunch
12:30 12:00-1:30 Lunch Lunch Lunch
12:30-1:30 12:30-1:30 12:30-1:30
SABE AGM

1:30 Sessions 2 Sessions 5 Sessions 8 Sessions 11

1:30-3:00 1:30-3:00 1:30-3:00 1:30-3:30
3:00 Break Break Break
3:30 Keynote Keynote Keynote Gerd Break
4:00 IAREP George Ilana Ritov Gigerenzer Sessions 12
executive Akerlof 3:30-5:00 3:15-4:45 3:45-5:15
meeting 3:30-5:00
4:00-5:00
5:00 Federation IAREP IAREP
5:30 Committee Country AGM Departure-- Closing
Meeting meetings 5:15-6:15 Bus at SMU;
5:00-6:00 5:00-6:00 hotels 5:30
6:00 Registration -Visit to the
and reception Immigration
museum
6:00-9:00 -Dinner and
awards
6:00-11:00
6:30 Cruise 1

6:30-8:30
Cruise 2

9:00-11:00
 IAREP-SABE 2009 CONFERENCE PROGRAM
IAREP-SABE 2009 Tuesday July 7
4:00-5:00 IAREP executive meeting – Sobey Building 415
5:00-6:00 Federation Committee meeting - SB 415
6:00-9:00 Registration – Sobey Building, Foyer 2nd floor
Reception – Sobey Building 4th floor
IAREP-SABE 2009 Wednesday July 8
8:00-10:00 Registration – Sobey Building, Foyer 2nd floor
Coffee- Conference Hall, LA290
10:00-10:30 Opening welcome. Theatre Auditorium McNally building
10:30-12:00 Sessions 1
1A Auction-type markets
Chair: Monica Capra
1. “Reinforcement Learning in Auction Experiments” Chen, Shu Heng and Yi-Lin
SB Hsieh
260 2. “Quasi-Endowment Effect in English Auctions” Dodonova, Anna and Yuri
Khoroshilov
3. “Peacock Markets and the Case of Credit Cards” Frank, Joshua
1B Norms and incentives
Chair: Ewa Gucwa-Lesny
1. “Peer Effects Within Adolescent Social Groups, and Wages: Allen, Jeremiah and Thomas
Evidence from Relative Age” Knapp
SB 2.: “My teammate, myself and I: Evidence on equity and Corgnet, Brice, Angela Sutan
265 equality norms in team-formation experiments in France, Japan, and Robert Veszteg
and Spain”
3.: “Productivity Effects of Innovation, Stress and Social Weehuizen, Rifka, Robin
Relations” Cowan and Bulat Sanditov
1C Education, human capital and cognition1
Chair: John Tomer
1. “Ranking the Quality of UK Undergraduate Economics Degrees Cullis, John and Andrew Abbott
using NSS Data: Explanations, Problems and Consequences”
LA 2. “Access to Post-Secondary Education in Canada: new evidence on Finnie, Ross
186 the effects of family background”
3.“Why has the Quebec CEGEP been such a successful innovation?” Fortin, Pierre and Marc Van
Audenrode
1D Agency, incentives, and partnerships 1
Chair: Erez Siniver
1. “On the Use of Identity in Strategic Partnership Management” Uzea, Florentina N. and Murray
Fulton
2. “Group Merger as a Way to Achieve Efficient Coordination in Kirysheva, Irina, Andrei
LA Weak-link Games” Bremzen, Irina Kirysheva and
Anton Suvorov
283
3. “Agreements and Agency” Vadovic, Radovan, Martin
Dufwenberg and Maros Servatka
1E Panel –Behavioral corruption, bribery and nepotism
“Corruption and culture: An Experimental Analysis” Barr, Abigail
“Bribery, Punishment, Norms and Reciprocal Relationships: Evidence Banuri, Sheheryar
SB from US and Pakistan” Catherine Eckel
255 “Personal Relations and their Effect on Behavior in an Organizational Brandts, Jordi
Setting: An Experimental Study”
“The Economics of Favoritism” Duran, Miguel A.
12:00-1:30 LUNCH-Conference Hall, LA290
12:00-1:30 SABE GM and Lunch – Sobey 4th floor
IAREP-SABE 2009 Wednesday July 8
1:30-3:00 Sessions 2
2A Games and experiments 1
Chair: Joshua Frank
1. “Understanding Decision Process in P-Beauty Contest Capra, C. Mónica
SB 260 Games: A Protocol Analysis”
2. “How to Explain the Participation Effect: is it a question of Bortolami, Francesca
different expectations and communication? A preliminary
investigation”

2C Education, human capital and cognition2

Chair: John Cullis
1. “Identity and educational choice: a behavioral approach” Ji, Yuemei
SB 265 2. “Towards Assessment of Academic Career” Kirovová, Iva
3. “Access to Post-Secondary Education in Canada: new Finnie, Ross
evidence on the effects of family background”

2D Agency, incentives, and partnerships 2

Chair: Mark Pingle
1. “Are We Better Off as a Group: A Theoretical Model for Zhuqing, Yang
LA Tournament Labor Contract under Group Expectation”
283 2. “Working for Nothing – The Effect of Non-material Awards Neckermann, Susanne, and
on Employee Performance” Michael Kosfeld
3. “Testing for Statistical Discrimination: The Case of Siniver, Erez
Immigrant Physicians in Israel”

2E Decision-making, preferences and money1

Chair: Christine Roland-Levy
1. “What influences economic decision – thinking of money or Gąsiorowska, Agata and
SB 255 money attitude?” Anna Hełka:
2. “Cash or Charge? Evaluating the relationships between age, Jones, Lauren, Jinkook Lee
payment preference and consumer indebtedness” and Cäzilia Loibl

3:00-3:30 Coffee Break. Conference Hall, LA290

3:30-5:00 Keynote address-H. Simon Lecture- George Akerlof

Theatre Auditorium, McNally building

5:00-6:00 IAREP Country meetings – SB 415

Cruise 6:30 -8:30 and 9:00-11:00

IAREP-SABE 2009 Thursday July 9
8:00-8:30 Coffee- Conference Hall, LA290
8:30-10:30 Sessions 3
3A Economic psychology of health 1
Chair: Gideon Yaniv
1. “Health Satisfaction in Canada: Estimation of an ordered Chennouf, Soheil
probit model”
SB 260 2. “Parents Responding to a Shock and Deciding Over Their Rodriguez Rosario, David G. and Wim
Children’s Access to Health Care: the case of the flood of 2007 Groot
in Tabasco, Mexico”
3. “Fatalist Long-Term Health Behaviour:A prospect theory Macé, Serge
approach”
4. “Incremental Costs of Hypertension, Hyperglycemia, Tang, Chao-Hsiun, San-Lin You,Chien-
Hyperlipidemia, and Their Combinations” An Sun, Chyi-Huey Bai, Rho-Feng Pwu
and Sheng-Tzu Hung
5. “Medication refill receptivity: Improving rates through Krull, Ivy
applications of behavioral economics in IVR outreach”
3B Consumer and choice behavior 1
Chair: David George
1. “Consumer behavior and luxury market” Jeunon, Ester Eliane and Júnia Carla
LA Ferreira Carvalhar Rodrigues
271 2. “A goat for Christmas: Exploration of third-party gifts” Kemp, Simon and Jessica Richardson

3C Panel-Social Economy Novkovic, Sonja-moderator

“Shaping the Social Economy: Reciprocity versus Mutuality” MacPherson, Ian
“Worker Co-operatives and Labour Immobility” Hough, Peter
SB 265 “Social Economy Alliances and Natural Resources Chouinard, Omer
Management”
“First Nations and Social Economy Enterprises” Broad, Gayle
3D Entepreneurship and business 1
Chair: T.J. Lung
1. “Characterizing the Female Entrepreneur: Comparing Boewe, Sabrina, Christian Schade and
LA strategic behavior with other groups of individuals” Kai Krause
283 2. “The Impact of Risk and the Outcome of a Previous Business Azar, Ofer
Strategy on Strategic Decision Making”
3. “Being a Social Entrepreneur: the identity of those who lives Branchini, Daniel
in favor of collectiveness”
3E Preference, agency and crisis
Chair: Vera Rita de Mello
1. “The impact of the economic crisis in economic values, Niza,Claudia, Carvalho, Graça,
LA beliefs and behaviors: The moderating role of emotions” Bittencourt, Pereirinha, Nunes, Marques
274 2. “Post-Hoc Rationalization: Affect-Based Post-Decisional Huang, Szu-Chi and Raj Raghunathan
Revision of Attribute Importance”
3. “Socio-Psychological Factors of Economic Behavior under Zavyalova, Elena
Crisis Conditions: Combination of Global and Local Processes”

3F Panel –Bounded rationality Artinger, Florian-moderator

“'Be nice... unless you have a good reason not to...' - A Le Lec, Fabrice
SB 255 heuristic for playing one-shot games”
“An Econometric Model for Estimating Decision Rules, Choice Zhu, Wei and Konstantinos
of Rules and Influence of Consistency” Katsikopoulos
“Societal wisdom and social rationality” Mousavi, Shabnam
"Unraveling Fairness: The role of (individual) empathy and Artinger, Florian, Filippas Exadaktylos,
(social) norms” Hannes Koppe and Lauri Sääksvuoril
10:30-11:00 Coffee Break. Conference Hall, LA290
IAREP-SABE 2009 Thursday July 9
11:00-12:30 Sessions 4
4A Consumption and health
Chair: Soheil Chennouf
1. “Effects of Impulsivity and Self-control on Calorie Asirvatham, Jebaraj
SB 260 Intake”
2. “Understanding the Mood-Dieting Cycle” Jiang, Bing
3. “Buffet Price and Meal Cessation” Yaniv, Gideon and Erez Siniver
4B Panel - The Impact of Happiness Zarghamee -moderator
“Should governments care about happiness as happier Guven, Cahit
SB 255 people are better citizens?”
“Happiness and Present-Bias: Evidence from a Random Ifcher, John
Assignment Experiment”
“Happiness and Productivity” Oswald, Andrew J.
4C Environmental issues 1
Chair: Cornelia Ohl
1. “Value Types and Environmental Concern as Jansson, Therese
LA Determinants of Environmental Friendly Vacation Choices”
271 2. “Environmental Degradation, Subjective Economic Dimoso, Romanus and G.
Welfare and Well-Being of Households in Rural South Pare Antonides
Highlands, Tanzania”

4D Entrepreneurship and business 2

Chair: Daniel Branchini
1. “To Stop or Not to Stop: An Experimental Study on Sandri, Serena
LA Entrepreneurial Disinvestment Decisions”
283 2. “Rational or compromised decision-making? : Case Lung, T.J. and C.C. CHA
studies about the choices of restaurant keepers”
3. “Firm Strategy and Biased Decision Making: The Price Azar, Ofer
Dispersion Puzzle”
4E Time, preferences and agency1
Chair: Jeremiah Allen
1. “How Experienced Emotion Influences Investors’ Future Lee, Carmen, Andre Lucas,
LA Selling Decisions” Roman Kräussl and Leo Paas
274 2. “Intertemporal Discounting Under Stress: An Dezső, Linda and Gábor
experimental study” Neszveda
3. “Game or frame? Incentives in modified Dictator Heinrich, Timo, Thomas
Games” Riechmann and Joachim
Weimann
4F Trust, contracts and punishment 1
Chair: Jan Tilly
1. “The Interaction of Communication and Punishment on Pingle, Mark, Mark Nichols and
SB 265 Trust and Trustworthiness” Michael Price
2. “Third-Party Punishment: hot or cold?” Ponzano, Ferruccio
3. “The Impact of Emotional Intelligence on Three Lee, Wing Shing
Perceptions of Trustworthiness”

12:30-1:30 LUNCH-Conference Hall, LA290

IAREP-SABE 2009 Thursday July 9
1:30-3:00 Sessions 5
5A Decision-making1
Chair: Joshua Frank
1. “Optimal Decision Making under Cumulative Prospect Theory” Bernard, Carole and Mario Ghossoub
SB 2. “Casuistry: The Tape Measure in the Cognitive Toolbox” Searing, Elizabeth
260 3. “Testing Bayesian Updating with the AP Top 25” Stone, Daniel
5B Happiness, wellbeing, income and utility1
Chair: Chris Boyce
1. “Does Wealth Buy Any More or Less Happiness than Income?” Ball, Richard and Sanjay De
SB 2. “A Behavioral Model of Earnings and Work Satisfaction:Evidence Phelps, Charlotte
255 from the Mind’s Eyes and Ears”
3. “Impact of Performance of Out-of-Home Activities on Affective Gärling, Tommy, Amelie Gamble,
and Cognitive Subjective Well-Being” Cecilia Jakobsson Bergstad,
Margareta Friman, Lars E. Olsson and
Dick Ettema
5C Cooperation
Chair: Avner Ben-Ner
1. “Cooperation in Asymmetric Prisoners’ Dilemmas: Antonides, Gerrit, Mark Kramer,
SB Communication as a Means to Enrich the Tit-for-Tat Strategy” Woody Maijers, Pierre van Mouche
265 and Ger Trip
2. “Cooperation with Uncertain Endowments” Schikora, Jan and Johannes Maier
3. “Group Composition and Cooperation” Smith, Alexander
4. “Social goals as triggers of cooperation: How reciprocity and Urda, Julie
group solidarity encourage cooperative behavior in social dilemma
games”
5D Taxation 1
Chair: Stephen Lea
1. “Tax evasion: Presumption of innocence vs. presumption of guilt” Bazart, Cécile and Marc Willinger
LA 2. “Whisteblowers as a Deterrent to Tax Evasion” Tobol, Yossi, Yosef Mealem and
283 Gideon Yaniv
3. “The Contribution of Behavioral Economics in Explaining the James, Simon
Gap between the Theory and Practice of Tax Reform in the United
Kingdom”
4. “Giving to Government: Voluntary Taxation in the Lab” Eckel, Catherine C., Sherry Xin Li,
Philip Grossman and Tara Larson
5E Time, preferences and agency 2
Chair: David Wozniak
1. “What shapes our money attitudes? Personality, temporal Gąsiorowska, Agata
LA orientation and parents’ money attitudes as determinants of
271 individual attitudes towards money”
2. “The reputation effects in professional forecast” Komaki, Yasuyuki
3. “Consideration of Future Orientation and Economic Behaviour” Nyhus, Ellen K. and Gerrit Antonides
5F Trust, contracts and punishment 2
Chair: Shabnam Mousavi
1. “Punishing the Good Guy: Spiteful Behavior and Institutional Tilly, Jan
LA Choice”
274 2. “Your Brother is Watching You” Garrouste, Pierre and Agnès Festré
3. “The Expressive Function of Contracts” Tontrup, Stephan and Michael
Kurschilgen
3:00-3:30 Coffee Break. Conference Hall, LA290
3:30-5:00 Keynote address- Kahneman lecture - Ilana Ritov
Theatre Auditorium, McNally building
5:15-6:15 IAREP AGM – Scotia Bank Conference Theatre, Sobey Building
IAREP-SABE 2009 Friday July 10
8:00-8:30 Coffee- Conference Hall, LA290
8:30-10:30 Sessions 6
6A Behavioral economics, methodology and institutions 1
Chair: Gary Lynne
1. “The U.S.A. Subprime Crisis and their Impact Worldwide: a moment Branchini, Daniel, João Garção and
SB to rethink the future” Fabiano Fonseca
260 2. “A Theory of Institutional Inequality” Teraji, Shinji
3. “Considering Survey Response from the Dual-Motive Model Khachaturyan, Marianna and Gary
Perspective” Lynne
6B Consumer and choice behavior 2
Chair: Simon Kemp
1. “Subjectivity and Consumption: a study about the risk perception” Garção, João, Daniel Branchini and
SB Fabiano Fonseca
265 2. “Behavioral Determinants of Individuals’ Musical Choices: An Owen, Claire, Louis Lévy-Garboua
Experimental Perspective” and Laetitia Placido
3. “The Software Evoc as a Tool for Data Analysis of Services Image” Jeunon, Ester Eliane and José
Antônio de Magalhães
4. “Strategic Mis-Selling and Pre-Contractual Cognition” Zhao, Xiaojian
6C Altruism and morals 1
Chair: Tomasz Zaleskiewicz
1. “Selfishness, Altruism, and Moral Sentiments and Opportunity Cost” Altman, Morris
LA 2. “Of Altruist & Thieves” Kench, Brian T. and Neil B. Niman
191 3. “Cross-Cultural Differences in Moral Emotions and in Moral Tyszka, Tadeusz, Tomasz
Judgments” Zaleskiewicz and Anette Hiemisch
6D Investor behavior in financial markets and lotteries3
Chair: David Comerford
1. “Home Asset Bias and Investor Profile as Determinants of Alistair, Bruce, Johnnie Johnson
LA Investment Performance in a State-contingent Claims Market” and Jiejun Yu
271 2. “The Economic Psychology of Scams” Lea, Stephen, Peter Fischer and
Kath M. Evans
3. “To Buy or to Sell:Cultural differences in stock market decisions Ji, Li-Jun, Zhiyong Zhang and
based on price trends” Tieyuan Guo
4. “Let me dream on! Anticipatory emotions and preferences for timing Krawczyk, Michal, Martin G.
in lotteries” Kocher and Frans van Winden
6E Human capital issues
Chair: Ellen Nyhus
1. “Display of Dender Stereotypes in Labour Behaviour of Managers of Kosheleva, Sofia and Elena
LA SMEs in Russia” Zavyalova
274 2. “Start-Ups by the Unemployed: Characteristics, Survival and Direct Kritikos, Alexander and Marco
Employment Effects” Caliendo
3. “Neuroeconomics and Human Resource Development” Larsen, Torben
4. “Making Human Capital Theory More “Humane”” Bharte, Umesh L.
6F Panel "Behavioral Economics, Public Policy and the Global Leiser, David- moderator
Economic Crisis"
“Akerlof and Shiller's Animal Spirits: Just How Much Does Their Hugh Schwartz
SB Presentation Contribute to Resolving the Current Crisis?"
255 “Risk Misperception and Banks’ Herd Behavior as Causes of the Tobias Rötheli
Financial Crisis”
“Let's stop teaching greed!” Gerald Cory, Jr., Gary Lynne
“Mainstream economics is not the solution, it is part of the problem” Francesco Scacciati
10:30-11:00 Coffee Break. Conference Hall, LA290
IAREP-SABE 2009 Friday July 10
11:00-12:30 Sessions 7
7A Behavioral economics, methodology and institutions 2
Chair: Shinji Teraji
1. “A mathematical framework incorporating aspects of Lamba, Harbir
SB psychology, behavioural economics and perverse incentives”
260 2. “Schelling's Bounded-Neighborhood Model:Mathematical Ghonghadze, Jaba
Analysis”

7B Happiness, wellbeing, income and utility2

Chair: Alexander Kritikos
1. “Opportunities, Aspirations and Life satisfaction” Ferrante, Francesco
SB 2. “Which personality types have the highest marginal utilities Boyce, Chris and Alex M.
265 of income?” Wood

7C Altruism and morals 2

Chair: Morris Altman
1. “Self-Conscious Emotions & Ethical Consumer Choice” Ene, Diana, Andrew Smith and
LA Heidi Winklhofer
191 2. “Selfish and Social Preferences in Children Aged 5 to 6. The Zaleskiewicz, Tomasz and
Role of Gender and Socialization” Anna Helka
3. “Procedural Fairness in Principal-Agent-Models” Hartig, Bjoern
4. “Justice Sensitivity and the Judgment of Economic and Social Lotz, Sebastian, Thomas
Policy” Schlösser and Detlef
Fetchenhauer
7D Savings, money and insurance1
Chair: Fabrice Le Lec

LA 1. “Long-Term Saving When People Worry too Much About the Macé, Serge
271 Adverse Consequences of Aging”
2. “How do we Value Our Income From Which we Save?” Liberda, Barbara and Marek
Peczkowski
7E Preferences, norms and identities1
Chair: Christian Schubert
1. “The Evolution of Preferences, Punishment and Collective Olcina, Gonzalo and Vicente
LA Action” Calabuig
274 2. “Social Preferences, Intentions and Empathy.An experiment Pelligra, Vittorio, Iosetto
with Normally Developing and Autistic Spectrum Disorders Doneddu, Roberta Fadda,
Subjects” Andrea Isoni and Pietro Peruzzi
3. “Can Endocrinological Variation Help Explain Preference Wozniak, David and William T.
Differences for Competitive Environments?” Harbaugh
7F Panel- “Economic Psychology and the Global Economic Crisis” Leiser, David-moderator
Good “real” economics versus Bad “Virtual” Finance Annamaria de Rosa and Clio
SB Bulgarella
255 “Trust and nudge: why New Zealanders bought houses in the Simon Kemp
housing boom”
“A Half-Century March to the Right: The Economy as David George
Presented in the New York Times”
“Lay understanding of the economic crisis and its David Leiser and Sacha
consequesnces” Bourgeois-Gironde
12:30-1:30 LUNCH-Conference Hall, LA290
IAREP-SABE 2009 Friday July 10
1:30-3:00 Sessions 8
8A Economic psychology of finance
Chair: Fred Van Raaij
1. “Can Economic Psychology Contribute to Financial Ferreira, Vera Rita de Mello
SB Education and Capability Programmes? A discussion on and Iran Siqueira Lima
260 Brazilian projects”
2. “Social Representations of Savings and Credit in the Context Roland-Lévy, Christine
of the Financial Crisis”
3. “Banks' Default Expectations: From Pessimism to Over- Rötheli, Tobias
Optimism”
8B Happiness,wellbeing, income and utility 3
Chair: Tommy Gaerling
1. “The Sources of Enduring Happiness: An Integrated Tomer, John F
SB Approach”
265 2. “Shame, Hunger and Happiness” Jaffe, Klaus and Jennifer Bernal
3. “A Different Rationale for Redistribution: Pursuit of Jones, Philip, John Cullis and
Happiness in the European Union” John Hudson

8C Panel –Dual motive theory

“Dual Motive Theory and Global Outsourcing: Views from Cory, Gerald
SB East and West”
255 “A Neural Network Application of Dual Motive Theory to Li, Liz
Manage Customer Relationships
“Dual Motive Theory and Environmental Enhancement” Sheedr, Robert J. and Gary
Lynne
8D Savings, money and insurance2
Chair: Barbara Liberda
1. “Labeling and Frequency Effects in the Dutch Life Course Vellekoop, Nathanael, Peter
LA Savings Scheme” Kooreman and Henriette Prast
271 2. “Two Experiments on Competitive Insurance Markets Under Riahi, Dorra, Louis Lévy-
Adverse Selection” Garboua and Claude
Montmarquette
3. “Loss Aversion and the 'Endowment Effect' as Boundedly Le Lec, Fabrice
Rational Strategies Against Money Pumps”
8E Preferences, norms and identities2
Chair: Gonzalo Olcina
1. “The Effects of Stereotyping on Performance and Schmitt, Norma and Claudia
LA Preferences” Vogel
274 2. “Cultural Evolution, Social Norms and Paternalism” Schubert, Christian and
Christian Cordes
3. “Similarity Across Multiple Identities: Experimental Ben-Ner, Avner and Amit
Evidence for the Existence and Operation of Multiple Identities” Kramer

3:00-3:15 Coffee Break. Conference Hall, LA290

3:15-4:45 Keynote address- H. Simon lecture - Gerd Gigerenzer
Theatre Auditorium, McNally building
5:30 BUS –SMU- to Pier 21 (via hotels)
6:00-6:45 Visit to the Immigration Museum; Cocktails
6:45-11:00 Dinner and program. Best student paper awards.
IAREP-SABE 2009 Saturday July 11
8:00-8:30 Coffee- Conference Hall, LA290
8:30-10:30 Sessions 6
9A Confidence and markets1
Chair: Christoph Merkle
1. “An Analysis of Calibration; the Hard-Easy Effect and the Fajfar, Pablo and Natacha
Emotional disillusion of overconfidence behavior: some Gurman
LA experimental evidences”
271
2. “Components of Investor confidence” van Raaij, W Fred and Richard
Keizer

9B Preferences and frames

Chair: Alexander Field
1. “The Endogenous Nature of Other-Regarding Preferences” Smith, John

SB 2. “Preference towards Justice and attitude towards Risk” Tyszka, Tadeusz, Anna Macko
and Marcin Malawski
265
3. “The Role of Expectations in the Formation of Reference Hack, Andreas and Frauke
Points over Time” Lammers
4. “Frames, Information, and Risk Aversion” Lévy-Garboua, Louis, Hela
Maafi, Laurent Denant-
Boemont and David Masclet
9C Social capital
Chair: Simon Teitel
1. “Does Social Trust Enable Welfare State Policies?” Bjornskov, Christian and
SB Andreas Bergh
255 2. “Social Capital Under Imperfect Information” Haile, Daniel
3. “Social Enterprise and the Creation of Social Capital: An Ottone, Stefania
Experimental Study”
4. “Roots of Social Capital and Economic Development” Hernandez, Jose
9D Investor behavior in financial markets and lotteries1
Chair: Frantisek Kopriva
1. “Overreaction in Stock Forecasts and Market Prices” Nosic, Alen and Martin Weber
2. “Social Influence in Stock Markets: Effects of Valid Price Andersson, Maria, Ted Martin
SB Information and Expertise” Hedesström and Tommy
260 Gärling
3. “Herd Behavior and Contagion in Brazilian Stock Market on Camilo-da-Silva, Eduardo and
2008 Crisis” Cláudio Henrique da Silveira
Barbedo
4. “The Brazilian Stock Market and the Behavior of the Morales, Mônica Regina,
Investors: an exploratory study” Daniel Branchini da Silva and
Silvia Sato
9E Economic psychology of political behavior
Chair:James Devlin
1. “Responsibility, the Delegation of Power and Voting” Vogel, Claudia
LA
2. “Why people vote? The importance of social networks – an Pacheco Pereira, Inácia
274 empirical analysis”
3. “Estimating the Impact of the Economic Sentiment on the Perception Vaillant, Nicolas, Véronique
of the Political Competences” Flambard and Serge Mace
4. “The Young Citizens Perception in Relation to the Organizational Jeunon, Ester Eliane and Fabiane
Image of Vale, Through Pierre Bourdieu’s Theory of the Symbolic Aparecida Santos Clemente
Power”
10:30-11:00 Coffee Break. Conference Hall, LA290
IAREP-SABE 2009 Saturday July 11
11:00-12:30 Sessions 10
10A
Decisionmaking 2
Chair: Patrick McAlvanah
1. “Not So Cheap Talk: A Model of Advice with Smith, John
SB Communication Costs”
255 2. “Does the Order of Potential Outcomes Influence Economic Terry, Eric and Joanne Lee:
Decision-Making”

10B Willingness to pay

Chair: Gigi Foster
1. “Open-ended WTP: An economic measure? An Attitudinal Ryan, Anthony
SB measure? A suitable measure?”
265 2. “Theoretical Demonstration of the Willingness to Pay (WTP) Burnett, John and Dorla A.
– Willingness to Accept (WTA) Gap Using Multiple Reference Evans
Points”
3. “Price Sensitivity, ‘Bad-Deal’ Aversion, and the WTA/WTP Isoni, Andrea
Disparity”
10C Games and experiments2
Chair: Monica Capra
1. “The Tennis Coach Problem: A Game Theoretic and Arad, Ayala
LA Experimental Study”
271 2. “The Sly Fellows Game” Mittone, Luigi and Matteo
Ploner
3. “Jump Bidding in English Auctions: an Experimental Study” Khoroshilov, Yuri
10D Investor behavior in financial markets and lotteries2
Chair: Maria Andersson
1. “Determinants of Consumer and Investor Trust” van Raaij, W. Fred,
SB 2. “Power and Trust in Investment Game:Evidence from field Narhetali, Erita
260 experiment”
3. “Risk Aversion Estimates from Betfair Betting Markets” Kopriva, Frantisek
10E Role models and family
Chair: Hendrik Van den Berg
1.“Is it none of their business? Understanding the role of the Huitrón, Patricia and Wim Groot
LA family during teen pregnancy”
274 2. “Changing Your Role Models: Social Learning and the Engel Cordes, Christian
Curve”

12:30-1:30 LUNCH-Conference Hall, LA290

IAREP-SABE 2009 Saturday July 11
1:30-3:30 Sessions 11
11A Confidence and markets 2
Chair: John Smith
1. “(How) Does Politics Affect Consumer Confidence?” Lozza, Edoardo, Claudio Bosio
SB and Guendalina Graffigna
260 2. “Economic versus Psychological Forecasting; Evidence from Bovi, Maurizio
Consumer Confidence Surveys”
3. “True Overconfidence - The Inability of Rational Information Merkle, Christoph and Martin
Processing to Account for Apparent Overconfidence” Weber
4. “The Overconfidence Effect in Teams” Wickhorst, Hanke
11B Optimism and risk
Chair: John Burnett
1. “Survival of the Optimists: An Expectations-Based Foster, Gigi and Paul Frijters
LA Explanation for Persistent Heterogeneity in Risk Aversion”
271
2. “Emotion Regulation and Decision: The Detrimental Effects Heilman, Renata, Liviu Crisan,
of Expressive Suppression on Risky Decision-Making” Mircea Miclea and Andrei C.
Miu
3. “Valuing Changes in Risks: The Reference State and Choices Knetsch, Jack L., Fang-Fang
Between Alternative Measures” Tang and Jichuan Zong
11C Development and growth
Chair: Tobias Roetheli
1. “The significance of liberalization and privatization that Godazgar, Abdollah
SB enables Iran in achieving to economic-social-political-cultural
265 development”
2. “Opportunistic Behavior in International Trade: The Case of Teitel, Simon
Colombian Manufacturing Exports”
3. “Towards a More Holistic Measure of Economic Van den Berg, Hendrik
Development: Taking into Account the Research in Behavioral
Economics”
4. “Economic Values, Beliefs and Behaviors: Their Impact on Niza, Claudia, Carvalho,
Economic Performance and Growth” Pereirinha, Nunes, Graça,
Bittencourt and Marques
11D Panel- Psychological factors in the financial crisis Gaerling-moderator
Antonides, Gerrit
SB Kirchler, Erich
255 Lewis, Alan
Van Raaij, Fred
Schwartz, Hugh
11E Pricing and shame, religion and justice
Chair: Nicolas Vaillant
1. “Absolution Invoice: Shadow Price of Religious Rituals” Dilmaghani, Maryam
LA 2. “The world is just and the prices will not rise – On the Christandl, Fabian
274 interrelation between the personal belief in a just world and the
perception of price increases”
3. “Price Promotions and Attribute Framing: An Experimental Devlin, James F, Christine
Investigation” Ennew, Sally McKechnie and
Andrew Smith
4. “Fishy Gifts: Bribing with Shame and Guilt” Ong, David
3:30-3:45 Coffee Break. Conference Hall, LA290
IAREP-SABE 2009 Saturday July 11
3:45-5:15 Sessions 12
12A Decisionmaking 3
Chair:Eric Terry
1. “Suboptimal Decision Making in Transport Mode Choice: Comerford, David
LA New evidence that heuristics bias judgment of the private
271 benefits of commuting”
2.” Exploring the Effects of Default Rules, Stakes, and McAlvanah, Patrick, Robert
Demographics in a Negative Options Case” Letzler and Isaac Knowles
3. “Freedom of Choice in a World of Boundedly Rational Fonseca, Patricia and Roberta
Agents: Remarks about the light paternalistic policy Muramatsu
implications of behavioral economics”

12B Rational and irrational behaviors

Chair: Anthony Ryan
1. “Schelling, Irrationality, and the Event that didn’t Occur” Field, Alexander J.
SB 2. ““Irrational” Trust Behavior – A Matter of Fairness and Mensching, Ole, Detlef
255 Efficiency?” Fetchenhauer, David Dunning
and Thomas Schlösser
3. “Do Rational Demand Functions Differ from Irrational Murphy, James H. and Samiran
Ones? Evidence from an Induced Budget Experiment” Banerjee

12C Environmental issues 2

Chair: Romanus Dimoso
1. “A Pilot Study of a Personal Carbon Allowance Simulation” Lewis, Alan and Stuart
SB Capstick
260 2. “How to cope with externalities of wind power Ohl, Cornelia, Drechsler, M.
development?A German case study” Eichhorn, M. Meyerhoff, J.
Monsees, J. Johst, K.
3. “Investigation of behavior economics: (Case study: Causality Iraj, Saleh, Zohreh Shaabani
between GNP and greenhouse gases in Iran)” and Saeed Yazdani

12D Taxation 2
Chair: Simon James
1. “Goals for punishing tax evaders and how they relate to tax Kirchler, Erich, Silvia
SB specific attitudes and tax compliance” Rechberger and Martina
265 Hartner
2. “How does labor supply react to different tax rates? A field Migheli, Matteo and Francesco
inquiry” Scacciati
3. “Generational Selfishness and Social Security: A Note on a Aydede, Yigit
Time-Inconsistency Problem in Parametric Reforms of PAYG”

CLOSING IAREP-SABE 2009 CONFERENCE

A big Thank you to conference sponsors:

Saint Mary’s University

Sobey School of Business
Elsevier Science
Pearson Education
SSHRC-Social Economy and Sustainability Research Network
SMUSA Economics Society
IAREP
SABE
IAREP-SABE 2009
Keynote speakers:
July 7-11 George Akerlof
Ilana Ritov
Halifax, NS Gerd Gigerenzer

Saint Mary’s University

Sobey School of Business