[VCEE Seminar] VCEE seminar 21.05.2021 online

[Mailing list of the VCEE seminar series]

Dear members and friends of the VCEE,
you are invited to attend the VCEE seminar on Friday, May 21, 2021, from 10:00 to 11:30 hrs Vienna time.

We will have one speaker: Karlijn Morsink (Utrecht University)

This seminar will be held online via Zoom.

Join Zoom Meeting:
https://univienna.zoom.us/j/88243069732?pwd=bnVSa2h4VlhPbmdONjF5WlVoVmRsZz09

*I invite you stay on after the talk to discuss the presented paper with Karlijn Morsink.*

You'll need to install Zoom in order to join the seminar.

If you don't have Zoom already, you can simply click right now on the link above; you'll then be prompted to install it.
If you already have Zoom you can also use the following information:

Meeting ID: 882 4306 9732
Passcode: 5Xi5JS

If you need help, feel free to contact Philipp (philipp.kuelpmann at univie.ac.at<mailto:philipp.kuelpmann at univie.ac.at>)

The schedule is:
- 9:40: the waiting room opens
- 9:55: we let everyone into the seminar room
- 10:00--11:00: Presentation
- Afterwards open discussion with everyone

Here is more information about the talk:

Title: Do No Harm? The Welfare Consequences of Behavioural Interventions
Abstract: The rapid expansion of access to finance, low levels of financial literacy, and increasing complexity of financial products, raises serious concerns about the extent to which consumers are able to make financial decisions that increase consumer welfare. We evaluate the consumer welfare implications of a wide range of behavioural interventions that are typically used in the promotion of financial products. Based on laboratory experiments where subjects make risky choices, we estimate subject's individual risk preferences, and then randomly assign subjects to behavioural interventions before they make insurance purchase decisions. We estimate the expected consumer surplus gained or foregone from observed take-up decisions and compare these across the intervention arms. We show that while our treatments typically increase take-up on average, they reduce consumer welfare. Allowing individuals to self-select interventions, or targeting specific interventions to specific sub-groups, shows potential for welfare improvements.

Best regards,
Wieland Müller


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Sandra Weißenböck
Department of Economics<http://econ.univie.ac.at/>
Oskar-Morgenstern Platz 1
A-1090 Vienna

+43-1-4277-37402

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