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<p class="MsoNormal"><span lang="EN-US">Dear members and friends of the VCEE,<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">you are invited to attend the VCEE seminar on
<b>Friday, May 21, 2021</b>, from 10:00 to 11:30 hrs Vienna time.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">We will have one speaker: <b>Karlijn Morsink (Utrecht University)</b><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">This seminar will be held online via Zoom.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">Join Zoom Meeting:<o:p></o:p></span></p>
<p class="MsoNormal"><a href="https://univienna.zoom.us/j/88243069732?pwd=bnVSa2h4VlhPbmdONjF5WlVoVmRsZz09"><span lang="EN-US">https://univienna.zoom.us/j/88243069732?pwd=bnVSa2h4VlhPbmdONjF5WlVoVmRsZz09</span></a><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">*I invite you stay on after the talk to discuss the presented paper with Karlijn Morsink.*<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">You'll need to install Zoom in order to join the seminar.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">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.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">If you already have Zoom you can also use the following information:<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">Meeting ID: 882 4306 9732<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">Passcode: 5Xi5JS<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">If you need help, feel free to contact Philipp (</span><a href="mailto:philipp.kuelpmann@univie.ac.at"><span lang="EN-US">philipp.kuelpmann@univie.ac.at</span></a><span lang="EN-US">)<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">The schedule is:<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">- 9:40: the waiting room opens<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">- 9:55: we let everyone into the seminar room<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">- 10:00--11:00: Presentation<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">- Afterwards open discussion with everyone<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">Here is more information about the talk:<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span lang="EN-US">Title:</span></b><span lang="EN-US"> Do No Harm? The Welfare Consequences of Behavioural Interventions<o:p></o:p></span></p>
<p class="MsoNormal"><b><span lang="EN-US">Abstract:</span></b><span lang="EN-US"> 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.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">Best regards,<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">Wieland Müller<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">--<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">VCEE-seminar mailing list<o:p></o:p></span></p>
<p class="MsoNormal"><a href="mailto:VCEE-seminar@lists.univie.ac.at"><span lang="EN-US">VCEE-seminar@lists.univie.ac.at</span></a><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><a href="https://lists.univie.ac.at/mailman/listinfo/vcee-seminar"><span lang="EN-US">https://lists.univie.ac.at/mailman/listinfo/vcee-seminar</span></a><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">-- <o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">VCEE-seminar mailing list<o:p></o:p></span></p>
<p class="MsoNormal"><a href="mailto:VCEE-seminar@lists.univie.ac.at"><span lang="EN-US">VCEE-seminar@lists.univie.ac.at</span></a><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><a href="https://lists.univie.ac.at/mailman/listinfo/vcee-seminar"><span lang="EN-US">https://lists.univie.ac.at/mailman/listinfo/vcee-seminar</span></a><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="mso-fareast-language:DE-AT">Sandra Weißenböck<br>
</span><span style="mso-fareast-language:DE-AT"><a href="http://econ.univie.ac.at/"><span lang="EN-US" style="color:#2E74B5">Department of Economics</span></a></span><span lang="EN-US" style="color:#2E74B5;mso-fareast-language:DE-AT"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="mso-fareast-language:DE-AT">Oskar-Morgenstern Platz 1<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="mso-fareast-language:DE-AT">A-1090 Vienna<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="mso-fareast-language:DE-AT"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="mso-fareast-language:DE-AT">+43-1-4277-37402<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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