# Russell Sage Foundation Summer Institute in Behavioral Economics #### Russell Sage Foundation Summer Institute in Behavioral Economics 2026 #### Announcement and Application Procedures --- From the evening of Sunday, June 28 (arrival) to the morning of Tuesday, July 7 (departure), the 16th Summer Institute in Behavioral Economics will be held at Endicott House, Dedham MA: . The workshop introduces graduate students and starting faculty in economics to the findings and methods for using psychological principles to improve economic research. Candidates in other disciplines—such as psychology, business administration, or public policy—with advanced training in economics are also eligible. The co-organizers and principal faculty are David Laibson and Matthew Rabin, who will attend the full program. Visiting faculty include Raj Chetty, Stefano DellaVigna, Rebecca Dizon-Ross, George Loewenstein, Ulrike Malmendier, Frank Schilbach, Richard Thaler, and Lise Vesterlund. The program will include sessions outlining foundational principles and evidence; approaches to integrating these principles into economics; and applications in different economic contexts. There will also be panel discussions, Q&A sessions, and opportunities for participants to discuss their own research ideas with the organizers, visiting faculty, and other participants. (Past programs can be found at .) Participation is restricted to Ph.D. students who by July 2026 will have completed at least one year of their program, and faculty and postdocs who earned a Ph.D. since May 2024. Housing costs and meals served as part of the program (breakfasts, snacks between sessions, and almost all lunches and dinners) will be covered. We also provide a capped stipend for travel expenses, which is linked to the location of your doctoral program and set to cover most, but not all, of the costs of travel from there. (Those admitted for whom unavoidable travel costs in excess of the stipend would generate financial hardship should let us know.) Participants will be required to complete some assigned readings in advance, and to fully attend the entire formal educational program from the morning of June 29 through the afternoon of July 6th. There are no application instructions beyond this announcement. Applications must be submitted via the RSF online portal, [Fluxx](https://rsf.fluxx.io/). **Instructions:** (1) Create an account (*no later than Friday, March 20*) (2) Start a new “Summer Institute” application and select “Behavioral Economics.” (3) Complete the Fluxx application form and submit the following documents: i) a CV; ii) a statement (maximum three pages) describing your interest in behavioral economics and (if any) relevant research; iii) two letters of recommendation from faculty advisors (submitted separately via the Fluxx portal); and **for PhD applicants only** iv) PhD transcripts of courses and grades (unofficial copy). Note: We anticipate a large pool of highly qualified applicants and to make admission decisions quickly, so applications **and letters** must be received by the deadline; letters can be brief, but as informative as possible about your standing in the program (e.g., approximate rank in your doctoral class, comparisons to previous participants), research potential, and (if applicable) involvement in behavioral economics. ***Complete applications, including letters of recommendation, must be submitted by Friday, March 27.*** We will notify applicants by ***Wednesday, April 8*****,** and will ask participants to confirm participation soon thereafter. Send all inquiries to [RSF.Summer.School@gmail.com](mailto:RSF.Summer.School@gmail.com?subject=Summer%20School). Anybody who needs information before April 8 can (**after submitting their application**) email such a request with an explanation; we will try to accommodate such requests. Technical questions about the application portal (Fluxx) should be sent to . ## Previous Behavioral Camp Information Open all sections Close all sections ### 2022 Camp Schedule expand\_more #### **Russell Sage Foundation 14th Summer Institute in Behavioral Economics Cambridge, Massachusetts, July 6-17, 202** **Organizing Faculty: David Laibson and Matthew Rabin** #### **Thursday, July 7:** Sort **09.30 - 10.45** David: Welcome, Intro, & Methods in Behavioral Economics **11.15 - 12.30** Matthew: Normal-Science Behavioral, & Camp Organization (one PDF for all 7/7 sessions) **14.00 - 15.15** Matthew: Utility, Beliefs, and Choice **15.45 - 17.00** Matthew: Prospect Theory & Reference-Dependent Risk Attitudes #### **Friday, July 8:** Sort **09.30 - 10.45** Stefano: Behavioral Labor Economics **11.15 - 12.30** Matthew: News Utility and Other Belief-Based Utility **14.00 - 15.15** Stefano: Transparency and Reliability of Behavioral Research **15.30 - 18.00** Meetings: Matthew, David, Stefano #### **Saturday, July 9:** Sort **09.30 - 10.45** George: Fragile Self-Esteem **11.15 - 12.30** Richard: Behavioral Economics in Broader Perspective **14.00 - 15.15** Matthew: Social Preferences and Self-Image **15.45 - 17.00** Matthew: Introduction to Limited Rationality **17.15 - 18.15** Group Office Hours/Q&A with Richard #### **Sunday, July 10:** Sort **09.30 - 10.45** George: Misunderstanding Our Own Preferences **11.15 - 12.30** Frank: Drink, Sleep, and be Happy **14.00 - 15.15** Matthew: Modeling Misprediction of Preferences **15.30 - 18.00** Meetings: George, Frank, David, Matthew **Monday, July 11:** Sort **09.30 - 10.45** David: Introduction to Intertemporal Choice **11.15 - 12.30** David: Dynamic Programming with Present Bias in Discrete Time **TBA** Group Office Hours, Walk with Matthew (and maybe others) #### **Tuesday, July 12:** Sort **09.30 - 10.45** Lise: Gender in Economics **11.15 - 12.30** David: Dynamic Programming with Present Bias in Continuous Time **14.00 - 15.15** David: Measuring Time Preference **15.45 - 17.00** Stefanie: Social Preferences: Theory and Empirical Evidence **17.00 - 18.30** Meetings: Stefanie, Matthew, David, Lise #### **Wednesday, July 13:** Sort **09.30 - 10.45** Matthew: Errors in Probabilistic Thinking (for both AM sessions) **11.15 - 12.30** Matthew: Attention and Cognition **TBA** Walk with Matthew (and maybe others) #### **Thursday, July 14:** Sort **09.30 - 10.45** Ulrike: Experience and Beliefs **11.15 - 12.30** David: Behavioral Household Finance **14.00 - 15.15** Frank: Behavioral Development Economics **15.45 - 17.00** Ulrike: Behavioral Corporate Finance **17.00 - 18.30** Meetings: Ulrike, David, Matthew, Frank #### **Friday, July 15:** Sort **09.30 - 10.45** David: Choice Architecture **11.15 - 12.30** David: Behavioral Mechanism Design and Paternalism **14.00 - 15.15** Raj: Reducing Inequality with Behavioral-Economic Tools **15.45 - 17.00** Q&A/Roundtable with Raj and David **17.00 - 18.30** Meetings: Ulrike, David, Matthew #### **Saturday, July 16:** Sort **09.30 - 10.45** Matthew: Social Information and Social Inference **11.15 - 12.30** David: Going Forth and Doing Research **14.00 - 15.15** Q&A with David and Matthew ### 2018 Camp Schedule expand\_more **Russell Sage Foundation 13th Summer Institute in Behavioral Economics Waterville Valley, New Hampshire June 25—July 7, 2018** **Organizing Faculty: David Laibson and Matthew Rabin** **Monday, June 25** 20.30 Opening Dinner **Tuesday, June 26** 09.30 – 10.40 David 1: Welcome, Introduction, & Methods in Behavioral Economics 11.00 – 12.10 Matthew 1: Normal-Science Behavioral Economics (& Camp Outline) 14.00 – 15.10 Matthew 2: Utility, Beliefs, and Choice 15.30 – 16.40 Matthew 3: Prospect Theory, Reference Dependence, and News Utility **Wednesday, June 27** *Visiting Faculty: Stefano DellaVigna* 09.30 – 10.40 Matthew 4: Social Preferences and Self Image 11.00 – 12.10 Stefano 1: Behavioral Labor Economics 14.00 – 15.10 Matthew 5: Introduction to Limited Rationality 15.30 – 16.40 Matthew 6: Narrow Bracketing 17.00 – 18.30 Individual Office Hours: Matthew 17.00 – 18.30 Group Office Hours: Matthew **Thursday, June 28 *Visiting Faculty: Stefano, Muriel Niederle, Dick Thaler* 09.30 – 10.40 Stefano 2: Structural Behavioral Economics 11.00 – 12.10 Muriel 1: A Gender Agenda, or From the Lab to the Field to Policy 14.00 – 15.10 Matthew 7: Mispredicting Tastes—Evidence, Theory, and Implications 15.30 – 17.30 Individual Office Hours: Stefano, Muriel 15.30 – 18.30 Individual Office Hours: Matthew, David 17.00 – 18.30 Group/Drop-In Office Hours: Richard **Friday, June 29** *Visiting Faculty: Muriel, Richard* 09.30 – 10.40 Richard: New Findings in Choice Architecture 11.00 – 12.10 David 2: Mechanism Design with Behavioral Agents 14.00 – 15.10 Q&A/Roundtable #1—On Policy, Choice Architecture, and General 15.30 – 16.40 David 3: Biosocial Science 17.00 – 18.30 Group/Drop-In Office Hours: Richard, David 17.00 – 18.30 Individual Office Hours: Muriel **Saturday, June 30** 09.30 – 10.40 David 4: Intertemporal Choice — Theory 11.00 – 12.10 David 5: Intertemporal Choice — Evidence **Sunday, July 1 - Monday, July 2** *No sessions* **Tuesday, July 3** *Visiting Faculty: Eric Johnson, Gautam Rao* 09.30 – 10.40 Eric 1: Why is Insurance Choice So Difficult for Consumers? 11.00 – 12.10 Matthew 8: Errors in Probabilistic Reasoning 14.00 – 15.10 Gautam 1: Behavioral Labor Economics 15.30 – 16.40 David 6: Household Finance 17.00 – 18.00 Individual Office Hours: David, Eric, Gautam, Matthew **Wednesday, July 4** *Visiting Faculty: Antoinette Schoar, Kelly Shue, Eric, Gautam* 09.30 – 10.40 Antoinette 1: Shrouding of Contract Terms in Consumer Finance 11.00 – 12.10 Kelly 1: Topics in Behavioral Finance 14.00 – 15.10 Q&A/Roundtable #2: Behavioral Economics, Markets, and Consumers 15.30 – 17.00 Individual Office Hours: Eric, Matthew, David 15.30 – 18.30 Individual Office Hours: Antoinette, Gautam, Kelly 17.00 – 18.30 Group/Drop-In Office Hours: David **Thursday, July 5** *Visiting Faculty: Antoinette, Kelly, Gautam* 09.30 – 10.40 Matthew 9: Inattention and Non-Inference 11.00 – 12.10 Matthew 10: Social Information and Social Inference 14.00 – 15.10 Gautam 2: Field Experiments in Behavioral Economics 15.30 – 16.40 Kelly 2: Observational Empirics in Behavioral Economics 17.00 – 18.30 Group/Drop-In Office Hours: Matthew **Friday, July 6** 09.30 – 10.40 David 7: Behavioral Agents in Market Equilibrium 11.00 – 12.10 Matthew 11: Behavioral Theory, Themes and Principles 14.00 – 15.10 David 8: Going Forth and Doing Research 15.30 – 16.40 Q&A/Roundtable #3: Discussion & Wrap-Up 20.00 Good-bye Dinner **Saturday, July 7** 10.00 Bus pick-up for Logan Airport (arriving at Logan by 1 pm) ### 2016 Camp Schedule expand\_more **Russell Sage Foundation 12th Summer Institute in Behavioral Economics Waterville Valley, New Hampshire June 27—July 9, 2016** **Organizing Faculty: David Laibson and Matthew Rabin** **Monday, June 27** 20.30 Opening Dinner **Tuesday, June 28** 09.30 – 10.40 David 1: Welcome, Introduction, & Methods in Behavioral Economics 11.00 – 12.10 Matthew 1: Normal-Science Behavioral Economics (& Camp Outline) 14.00 – 15.10 Matthew 2: Utility, Beliefs, and Choice 15.30 – 16.40 Matthew 3: Prospect Theory, Reference Dependence, and News Utility 19.00 Dinner **Wednesday, June 29** 09.30 – 10.40 Matthew 4: Social Preferences and Self Image 11.00 – 12.10 Matthew 5: Intro to Limited Rationality and Quasi-Utility Maximization 14.00 – 15.10 David 2: Intertemporal Choice — Theory 15.30 – 16.40 David 3: Intertemporal Choice — Evidence 19.00 Dinner **Thursday, June 30 *Visiting Faculty: George Loewenstein, Dick Thaler* 09.30 – 10.40 Dick 1: Explainawaytions No More! 11.00 – 12.10 George 1: Misunderstanding and Misprediction of Preferences 14.00 – 15.10 Matthew 6: Mispredicting Preferences—Modeling, Identification, Implications 15.30 – 16.40 Q&A/Roundtable #1—Dick, George, David, Matthew 17.00 – 18.30 Group/Drop-In Office Hours: Matthew I, Dick 17.00 – 18.30 Individual Office Hours: David, George 19.00 Dinner **Friday, July 1 *Visiting Faculty: George, Supreet Kaur, Justin Sydnor* 09.30 – 10.40 Justin: Behavioral Economics of Risk and Insurance 11.00 – 12.10 Supreet: Behavioral Development Economics 14.00 – 15.10 George 2: Seeking and Avoiding Information 15.30 – 17.00 Individual Office Hours: George, Justin, Matthew, Supreet 15.30 – 17.00 Group/Drop-In Office Hours: David I 17.00 – 18.30 Individual Office Hours: David, Justin, Matthew, Supreet 17.00 – 18.30 Group/Drop-In Office Hours: George 19.00 Dinner **Saturday, July 2** *Visiting Faculty: Supreet, Justin* 09.30 – 10.40 Matthew 7: Choice Heuristics and Narrow Bracketing 11.00 – 12.10 David 4: Mechanism Design with Behavioral Agents 14.00 – 15.10 Q&A/Roundtable #2, Applying Behavioral Insights—Justin, Supreet, David, Matt **Tuesday, July 5** *Visiting Faculty: Stefano, Ulrike* 09.30 – 10.40 Matthew 8: Errors in Probabilistic Reasoning 11.00 – 12.10 David 5: Household Finance 14.00 – 15.10 Stefano 1: Behavioral Labor Economics 15.30 – 16.40 Ulrike 1: Behavioral Corporate Finance 17.00 – 18.00 Individual Office Hours: David, Stefano 18.00 – 19.00 Individual Office Hours: Matthew, Ulrike 19.00 Dinner **Wednesday, July 6** *Visiting Faculty: Stefano, Ulrike* 09.30 – 10.40 Ulrike 2: The Effect of Past Experiences on Financial Decisions 11.00 – 12.10 Stefano 2: Structural Behavioral Economics 14.30 – 15.30 Individual Office Hours: David, Stefano 15.30 – 17.00 Individual Office Hours: Ulrike 15.30 – 17.00 Group/Drop-In Office Hours: Matthew II, Stefano 17.00 – 18.30 Individual Office Hours: Stefano 17.00 – 18.30 Group/Drop-In Office Hours: Ulrike, David II 19.00 Dinner **Thursday, July 7** *Visiting Faculty: Stefano, Ulrike* 09.30 – 10.40 David 6: Biosocial Science 11.00 – 12.10 Matthew 9: Social Information and Social Inference 14.00 – 15.10 Q&A/Roundtable #3: Behavioral Empirics and Theory—Stefano, Ulrike, David 15.30 – 17.30 Individual Office Hours: David, Ulrike 17.30 – 19.00 Individual Office Hours: Matthew, Stefano 19.00 Dinner **Friday, July 8** 09.30 – 10.40 David 7: Behavioral Agents in Market Equilibrium 11.00 – 12.10 Matthew 10: Inattention and Non-Inference 14.00 – 15.10 David 8: Going Forth and Doing Research 15.30 – 16.40 Q&A/Roundtable #4: Discussion & Wrap-Up—David, Matthew 20.00 Good-bye Dinner **Saturday, July 9** 10.00 Bus pick-up for Logan Airport (arriving at Logan by 1 pm) ### 2014 Camp Schedule expand\_more **Russell Sage Foundation** **11th Summer Institute in Behavioral Economics** **Waterville Valley, New Hampshire June 29—July 11, 2014** **Organizing Faculty: David Laibson and Matthew Rabin** **Sunday, June 29** 20.30 Opening Dinner **Monday, June 30** 09.30 – 10.40 David 1: Welcome, Introduction, & Methods in Behavioral Economics 11.00 – 12.10 Matthew 1: Normal-Science Behavioral Economics (& Camp Outline) 14.00 – 15.10 Matthew 2: Utility, Beliefs, and Choice 15.30 – 16.40 Matthew 3: Prospect Theory, Reference Dependence, and News Utility 19.00 Dinner **Tuesday, July 1** 09.30 – 10.40 Matthew 4: Social Preferences and Self Image 11.00 – 12.10 Matthew 5: Intro to Limited Rationality and Quasi-Utility Maximization 14.00 – 15.10 David 2: Present-Biased I—Theory 15.30 – 16.40 David 3: Present-Biased II—Evidence 19.00 Dinner **Wednesday, July 2 *Visiting Faculty: Sendhil Mullainathan* 09.30 – 10.40 Matthew 6: Mispredicting Preferences—Evidence, Model, Implications 11.00 – 12.10 Sendhil 1: Development Economics and Poverty 14.00 – 15.10 Matthew 7: Choice Heuristics and Narrow Bracketing 15.30 – 16.40 Question & Answer & Discussion Session 1—David, Matthew, Sendhil 17.00 – 18.30 Group/Drop-In Office Hours: Matthew 17.00 – 18.30 Individual Office Hours: David, Sendhil 19.00 Dinner **Thursday, July 3 *Visiting Faculty: Sendhil, Colin Camerer* 09.30 – 10.40 David 4: Biosocial Science 11.00 – 12.10 Colin 1: Measuring Cognitive & Neural Activity During Choice 14.00 – 15.10 Sendhil 2: Public Finance and Policy 15.30 – 17.00 Individual Office Hours: Colin, Matthew, Sendhil 15.30 – 17.00 Group/Drop-In Office Hours: David 17.00 – 18.30 Individual Office Hours: David, Matthew 17.00 – 18.30 Group/Drop-In Office Hours: Colin, Sendhil 19.00 Dinner **Friday, July 4 *Visiting Faculty: Colin* 09.30 – 10.40 Matthew 8: Errors in Probabilistic Reasoning 11.00 – 12.10 Colin 2: Laboratory and Field Evidence of Limited Strategic Thinking 14.00 – 15.10 Question & Answer & Discussion Session 2—Colin, David, Matthew **Monday, July 7 *Visiting Faculty: Dick Thaler* 09.30 – 10.40 Matthew 9: Cognitive Biases: Base-Rate Neglect and General Issues 11.00 – 12.10 Matthew 10: Social Inference and Social Learning 14.00 – 15.10 David 5: Behavioral Macro & Behavioral Asset Pricing 15.30 – 16.40 Dick 1: Libertarian Paternalism—Talk and Q&A 17.00 – 18.30 Individual Office Hours: Dick, Matthew 17.00 – 18.30 Group/Drop-In Office Hours: David 19.00 Dinner **Tuesday, July 8 *Visiting Faculty: Devin Pope, Dick* 09.30 – 10.40 Devin 1: Empirical Identification of Target Behavior 11.00 – 12.10 David 6: Household Finance 14.00 – 15.10 Dick 2: Perspectives on the Field—Talk and Q&A 15.30 – 17.00 Individual Office Hours: David, Devin 15.30 – 17.00 Group/Drop-In Office Hours: Dick, Matthew 19.00 Dinner **Wednesday, July 9 *Visiting Faculty: Devin* 09.30 – 10.40 David 7: Behavioral Mechanism Design 11.00 – 12.10 Devin 2: Behavioral Empirics and Observational Data 14.00 – 15.10 Question & Answer & Discussion Session 3—David, Devin, Matthew 15.30 – 17.00 Group/Drop-In Office Hours: Devin 19.00 Dinner **Thursday, July 10** 09.30 – 10.40 David 8: Behavioral Agents in Market Equilibrium 11.00 – 12.10 Matthew 11: Utility, Happiness, and Revealed Preference 14.00 – 15.10 David 9: Going Forth and Doing Research 15.30 – 16.40 Question & Answer & Discussion & Wrap-Up—David, Matthew 20.00 Good-bye Dinner **Friday, July 11** 10.00 Bus pick-up for Logan Airport (arriving at Logan by 1 pm) ### 2012 Camp Schedule expand\_more **Russell Sage Foundation** **10th Summer Institute in Behavioral Economics** Waterville Valley, New Hampshire July 1—July 13, 2012*Main* *Faculty: David Laibson and Matthew Rabin Schedule (June 30, 2012)***## Sunday, July 1 8.30 Opening Dinner ## Monday, July 2 9.30 – 10.40 David 1: Welcome, Intro, & Methods in Behavioral Economics 11.00 – 12.10 Matthew 1: Normal-Science Behavioral Economics (& Camp Outline) 2.00 – 3.10 Matthew 2: Belief-Based Preferences & Intro to Prospect Theory 3.30 – 4.40 Matthew 3: Reference Dependence and News Utility ## Tuesday, July 3 9.30 – 10.40 Matthew 4: Social Preferences 11.00 – 12.10 Matthew 5: Quasi-Utility Maximization; Narrow Bracketing 2.00 – 3.10 David 2: Present-Biased I—Basics, Theory, and Evidence 3.30 – 4.40 David 3: Present-Biased II—Applications and Implications ## Wednesday, July 4 ### Visiting Faculty: Colin Camerer, George Loewenstein 9.30 – 10.40 George 1: Foundations of Preferences and Predictions about Preferences 11.00 – 12.10 Matthew 6: Mispredicting Preferences—Model and Implications 2.00 – 3.10 George 2: Empirical Research on Health Incentives 3.30 – 4.40 Q&A 1—Preferences, Time, and Rationality: Colin, David, George, Matthew 5.00 – 6.30 Office Hours: Colin, David, George, Matthew ## Thursday, July 5 ### Visiting Faculty: Colin, George 9.30 – 10.40 David 4: Introduction to Neuro-Economics 11.00 – 12.10 Colin 1: Measuring Cognitive & Neural Activity During Choice 2.00 – 3.10 Q&A 2—Foundations and Neuroeconomics: Colin, David, George, Matthew 3.30 – 6.30 Extended Office Hours: Colin, David, George, Matthew ## Friday, July 6 ### Visiting Faculty: Colin, George, Ulrike Malmendier, Stefano DellaVigna 9.30 – 10.40 Matthew 7: Psychology-Based Structural Models of Bounded Rationality 11.00 – 12.10 Colin 2: Laboratory and Field Evidence of Limited Strategic Thinking 2.00 – 3.10 Ulrike 1: Behavioral Corporate Finance 3.30 – 4.40 Ulrike 2: Investor Sentiment ## Monday, July 9 ### Visiting Faculty: Stefano, Ulrike, Sendhil Mullainathan 9.30 – 10.40 David 5: Household Finance 11.00 – 12.10 Sendhil 1: Behavioral Development & Poverty Economics 2.00 – 3.10 Stefano 1: Structural Behavioral Economics 3.30 – 4.40 Q&A 3—Empirical Methods: Stefano, Sendhil, Dick, David, Matthew 5.00 – 6.30 Office Hours: Sendhil, Stefano, David, Matthew ## Tuesday, July 10 ### Visiting Faculty: Stefano, Ulrike, Sendhil, Dick Thaler 9.30 – 10.40 Sendhil 2: Psychology and Public Finance 11.00 – 12.10 Dick 1: Libertarian Paternalism 2.00 – 3.10 Q&A 4—Policy and Welfare: Dick, Sendhil, David, Stefano, Matthew 3.30 – 5.00 Office Hours: Dick, Sendhil, Stefano, David, Matthew 5.00 – 6.30 Group Office Hours: Dick, Sendhil, Stefano, David, Matthew ## Wednesday, July 11 ### Visiting Faculty: Stefano, Ulrike, Dick 9.30 – 10.40 Stefano 2: Social Preferences in the Field 11.00 – 12.10 David 6: Behavioral Macroeconomics 2.00 – 3.10 Dick 2: The State of Behavioral Economics 3.30 – 4.40 Q&A 5—The State of Behavioral Econ: Dick, David, Stefano, Ulrike, Matthew 5.00 – 7.00 Office Hours: Ulrike ## Thursday, July 12 9.30 – 10.40 David 7: Behavioral Agents in Market Equilibrium 11.00 – 12.10 Matthew 8: Rational and Irrational Social Learning 2.00 – 3.10 David 8: Going Forth and Doing Research 3.30 – 4.40 Q&A 6—Whatever is On Your Mind: David, Matthew 8.00 Good-bye Dinner ## Friday, July 13 10.00 Depart Hotel ### 2010 Camp Schedule expand\_more Schedule for Summer Institute in Behavioral Economics University of Trento, June 28—July 7, 2010 Permanent Faculty: David Laibson, Luigi Mittone, and Matthew Rabin. Visiting Faculty (in order of appearance): Esther Duflo, Colin Camerer, Andrei Shleifer, Ernst Fehr, Sendhil Mullainathan, Richard Thaler, and Eldar Shafir The schedule of talks and planned office hours are as follows (meals and special events are omitted): **Monday, June 28** 9.30 – 10.40 David: Welcome, Intro, & Methods in Behavioral Economics 11.00 – 12.10 Matthew: More Perspectives; Camp Outline, and Questions 2.00 – 3.10 Matthew: Belief-Based Preferences & Intro to Prospect Theory 3.30 – 4.40 Matthew: Reference Dependence and News Utility **Tuesday, June 29** 9.30 – 10.40 Matthew: Social Preferences 11.00 – 12.10 Matthew: Quasi-Utility Maximization; Narrow Bracketing 2.00 – 3.10 David: Present-Biased I—Basics, Theory, and Evidence 3.30 – 4.40 David: Present-Biased II—Applications and Implications 5.00 – 6.30 Office Hours: David, Matthew **Wednesday, June 30** 9.30 – 10.40 Matthew: Mispredicting Preferences 11.00 – 12.10 Q&A/Roundtable: David and Matthew 2.00 – 3.10 Esther: Nudging Farmers in Kenya: Theory and Evidence 3.30 – 4.40 Colin: Behavioral Game Theory—Thinking and Learning **Thursday, July 1** 9.30 – 10.40 Andrei: Behavioral Finance I – Limits of Arbitrage 11.00 – 12.10 Andrei: Behavioral Finance II – Investor Sentiment 2.00 – 3.10 Ernst: The Lure of Authority 3.30 – 6.30 Extended Office Hours: Andrei, Colin, David, Ernst, Esther, Matthew, **Friday, July 2** 9.30 – 10.40 Ernst: Fairness & Effort: F’Experiments on G’Exchange and R’procity 11.00 – 12.10 David: Introduction to Neuro 2.00 – 3.10 Colin: Measuring Cognitive & Neural Activity During Choice 3.30 – 4.40 Q&A/Roundtable on Neuroeconomics: Colin, David, Ernst, Matthew **Monday, July 5** 9.30 – 10.40 Sendhil: Behavioral Development Economics 11.00 – 12.10 Dick: Save More Tomorrow and Libertarian Paternalism 2.00 – 3.10 David: Household Finance and Optimal Defaults 3.30 – 4.40 Eldar: Primer on Social and Cognitive Psychology 5.00 – 6.00 Office Hours: Dick, Sendhil, Eldar, David, Matthew **Tuesday, July 6** 9.30 – 10.40 Eldar and Sendhil: Psychology and Public Policy 11.00 – 12.10 Matthew: Revealed Preference and Happiness 2.00 – 3.10 Roundtable on Paternal Policy: Dick, Sendhil, Eldar, David, Matthew 3.30 – 5.00 Office Hours: Dick, Sendhil, Eldar, David, Matthew 5.00 – 6.00 Group Office Hours: Dick, Sendhil, Eldar, David, Matthew **Wednesday, July 7** 9.30 – 10.40 David: Behavioral Macroeconomics 11.00 – 12.10 Dick: Behavioral Economics and the Financial Crisis 2.00 – 3.10 Q&A/Roundtable on BE and the Crisis: Dick, David. (Matthew heckles) 4.00 – 5.30 Office Hours: David, Matthew **Thursday, July 8** 9.30 – 10.40 Matthew: Bounded Rationality and Quasi-Bayesian Models 11.00 – 12.10 David: Behavioral Agents in General Equilibrium 2.00 – 3.10 David: Going Forth and Doing Research 3.30 – 4.40 Q&A/Roundtable on Whatever you have in Mind: David, Matthew ### 2008 Camp Schedule expand\_more Summer Institute in Behavioral Economics University of Trento, June 15-26, 2008 **Sunday, June 15** 8.15 Opening dinner at Panorama **Monday, June 16** 9.30 – 10.40 David: Welcome, Intro, & Methods in Behavioral Economics 11.00 – 12.10 Matthew: More Perspectives; Camp Outline, and Questions 2.00 – 3.10 Matthew: Present-Biased: Model and General Features 3.30 – 4.40 David: Present-Biased: Evidence, Applications, and Implications 5:30 – 6.30 Matthew leads Local stroll to the village 7.00 Dinner at Panorama **Tuesday, June 17** 9.30 – 10.40 David: Present-Biased Prefs In Markets and In Continuous Time 11.00 – 12.10 Andrei: Behavioral Finance I – Limits of Arbitrage 2.00 – 3.10 Andrei: Behavioral Finance II – Investor Sentiment 3.30 – 4.40 Q&A/Roundtable: Andrei, David, Matthew 5.00 – 6.30 Office Hours: Andrei, David, Matthew 7.00 Dinner at Panorama **Wednesday, June 18** 9.30 – 10.40 Matthew: Belief-based Preferences 11.00 – 12.10 Matthew: Reference-Dependent Utility, loss aversion, and bracketing 2.00 – 3.10 Matthew: Social Preferences 3.50 – 7.00 Guided tour of the city of Trento; depart Panorama at 3.50; Dinner on your own in Trento **Thursday, June 19** 9.30 – 10.40 Matthew: Mispredicting Preferences 11.00 – 12.10 Matthew: Quasi-Bayesian Models 2.00 – 3.10 David: Boundedly rational agents in general equilibrium 3.30 – 4.40 Q&A/Roundtable on Theory: David, Matthew 5.00 – 6.30 Office Hours: David, Matthew 7.00 Dinner at Panorama **Friday, June 20** 9.30 – 10.40 Colin: Behavioral Game Theory 11.00 – 12.10 David: Introduction to Neuro 2.00 – 3.10 Colin: Frontiers of Experimental and Neuro Economics 3.30 – 4.40 Q&A/Roundtable on Neuroeconomics: Colin, David 5.00 – 6.30 Office Hours: David, Matthew, Colin 7.00 Gala Dinner at Antico Pozzo Restaurant at 8.00, leave Center at 7.00 **Saturday, June 21** 9.30 – 10.40 Sendhil: Psychological Field Experiments in Development 11.00 – 12.10 Sendhil: Behavioral Economics for Public Finance and Poverty 2.00 – 4.00 Office Hours: Sendhil Dinner on your own in Trento **Sunday, June 22** 7.30 – 11.30 Bus to Venice departs Panorama 7.30 am, returns around 11.30 pm. **Monday, June 23** 9.30 – 10.40 Eldar: Primer on Social and Cognitive Psychology 11.00 – 12.10 Eldar: Behavioral Decision Research and Policy 2.00 – 3.10 Armin: Behavioral Labor Econ 1, Reference-Dependent Utility 3.30 – 6.30 Extended Office Hours: Colin, Eldar, Sendhil, Armin, Matthew, David 7.00 Dinner at Panorama **Tuesday, June 24** 9.30 – 10.40 Armin: Behavioral Labor Econ 2, Contract Enforcement/Institutions 11.00 – 12.10 Dick: Deal or No Deal 2.00 – 3.10 David: Household finance 3.30 – 4.40 Q&A/Roundtable: Dick, Colin, Armin, David, Matthew 5.00– 6.30 Office Hours: David, Matthew, Dick, Colin Dinner on your own in Trento **Wednesday, June 25** 9.30 – 10.40 David: Optimal defaults 11.00 – 12.10 Dick: Save More Tomorrow, Libertarian Paternalism 2.00 – 3.10 Matthew: Revealed Preference, Choice, and Happiness 3.30 – 4.40 Q&A/Roundtable on Paternalism: Dick, David, Matthew 5.00 – 6.30 Office Hours: Dick, David, Matthew 7.00 Gala Dinner at Old Bar Restaurant at 8.00, leave Center at 7.00 **Thursday, June 26** 9.30 – 10.40 David: Behavioral Economics in Markets: Empirics and Regulation 11.00 – 12.10 David: Going Forth and Doing Research 2.00 – 3.10 Matthew: Going Forth and Doing Research 3.30 – 4.40 Q&A/Roundtable on Whatever you have in Mind: David, Matthew 8.00 Dinner at Panorama, View Fireworks from Balcony at 11.00 ### 2006 Camp Schedule expand\_more Summer Institute in Behavioral Economics University of Trento, June 18-30, 2006 **Sunday, June 18, 2006** \[Opening dinner\] **Monday, June 19, 2006** 9.30 – 10.40 David: Welcome, Introduction, and Perspectives and Methods in Behavioral Economics 11.00 – 12.10 Matthew: More Perspectives; Camp Outline, and Questions 2.00 – 3.10 Matthew: Present-Biased: Model and General Features 3.30 – 4.40 David: Present-Biased: Evidence, Applications, and Implications **Tuesday, June 20, 2006** 9.30 – 10.40 George 1: Loss Aversion and Choice Bracketing 11.00 – 12.10 George 2: Adaptation and Hedonics 2.00 – 3.10 George 3: Affect and Affective Forecasting **Wednesday, June 21, 2006** 9.30 – 10.40 Matthew: Modeling Projection Bias 11.00 – 12.10 David: Neuro Background 2.00 – 3.10 Colin: Neuro Research 3.30 – 4.40 Q&A/Roundtable on Neuro: Colin, David, George 5.00 – 6:30 Office Hours: Colin, George, David, Matthew **Thursday, June 22, 2006** 9.30 – 10.40 Colin: Behavioral Game Theory 11.00 – 12.10 Colin: Frontiers of Experimental Economics 2.00 – 3.10 Matthew: Social Preferences: Insights and Problems 3.30 – 6.30 Office Hours: Colin, Jean, David, Matthew **Friday, June 23, 2006** 9.30 – 10.40 Jean: Motivated Beliefs 11.00 – 12.10 Jean: Self Perception and Self Signaling 2.00 – 3.10 Matthew: Expectations and Reference-Dependent Utility 3.30 – 4.40 Q&A/Roundtable on Theory: Jean, Matthew, Colin 5.00 – 6:30 Office Hours: David, Matthew, Colin **Monday, June 26, 2006** 9.30 – 10.40 Ernst: The Behavioral Effects of the Minimum Wage Law 11.00 – 12.10 Ernst: Reputation and Credit-Market Formation 2.00 – 3.10 Ernst: An Empirical Test of Evolutionary Theories of Human Cooperation 3.30 – 4.40 Stefano: Empirical Work in Behavioral Economics 5.00 – 6:30 Office Hours: Ernst, Stefano, David, Matthew, Ulrike, Sendhil **Tuesday, June 27, 2006** 9.30 – 10.40 Eldar: Primer on Social and Cognitive Psychology 11.00 – 12.10 Eldar and Sendhil: A South African Marketing Experiment 2.00 – 3.10 Sendhil: Psychological Field Experiments in Development 3.30 – 4.40 Q&A/Roundtable on Empirical Methods: Ernst, Sendhil, Eldar, Dick, David 5.00 – 6:30 Office Hours: Ernst, Eldar, Sendhil, David, Matthew, Stefano, Ulrike **Wednesday, June 28, 2006** 9.30 – 10.40 Ulrike: Behavioral Corporate Finance 11.00 – 12.10 Q&A/Roundtable on Behavioral Finance: Dick, Ulrike, Stefano, Sendhil 2.00 – 3.10 Dick on “Deal or No Deal” 3.30 – 6.30 Extended Office Hours: Dick, Stefano, Ulrike, David, Matthew **Thursday, June 29, 2006** 9.30 – 10.40 Dick: Save More Tomorrow, Libertarian Paternalism 11.00 – 12.10 David: Savings/Passivity effects in 401K 2.00 – 3.10 Matthew: Happiness, Revealed Preference, and Other Things 3.30 – 4.40 Q&A/Roundtable on Savings, Intervention, and Policy: David, Dick, Matthew 5.00 – 6:30 Office Hours: Stefano, Ulrike, David, Matthew, Dick **Friday, June 30, 2006** 9.30 – 10.40 Stefano and Ulrike: Gyms 11.00 – 12.10 David: Behavioral IO 2.00 – 3.10 David: Going Forth and Doing Research 3.30 – 4.40 Q&A/Roundtable on Whatever you have in Mind: David, Matthew ### Past Camp Materials expand\_more ### **Past Camp Materials** - **2012 [Lectures](/pages/lectures)** --- Attachments- [ picture\_as\_pdf 2026 Updated RSF Summer Institute Announcement.pdf ](/sites/g/files/omnuum5971/files/2026-03/2026%20Updated%20RSF%20Summer%20Institute%20Announcement.pdf) ---