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</o:shapelayout></xml><![endif]--></head><body lang=DE-AT link="#467886" vlink="#96607D" style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><span style='font-family:"Calibri",sans-serif'>Dear members and friends of the VCEE,<br><br>You are invited to attend the VCEE seminar on Friday March 15, 2024, from 10:30 to 12:00 hrs Vienna time. <br><br>The seminar takes place in Hörsaal 2 (ground floor) at Oskar-Morgenstern-Platz 1.<br><br>We will have one speaker: <b>Heidi Christina Thysen </b>(Norwegian School of Economics NHH), <a href="https://heidithysen.wixsite.com/home">https://heidithysen.wixsite.com/home</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif'>Here is more information about the talk:<o:p></o:p></span></p><p style='margin:0cm'><b><span lang=DE style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Title: <o:p></o:p></span></b></p><p style='margin:0cm'><span class=jtukpc><b><span lang=DE style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Competing Causal Interpretations: An Experimental Study </span></b></span><span class=jtukpc><span lang=DE style='font-size:11.0pt;font-family:"Calibri",sans-serif'>(with Sandro Ambuehl)</span><o:p></o:p></span></p><p style='margin:0cm'><o:p> </o:p></p><pre><b><span lang=DE style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Abstract:<o:p></o:p></span></b></pre><pre><span lang=EN-US style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Good decisions require understanding the causal impact of actions on outcomes. Yet, data is often correlational and could stem from multiple causal mechanisms with divergent implications. Our experiments comprehensively characterize choice under competing causal interpretations. Choice features substantial heterogeneity that primarily reflects three types: following misspecified interpretations that make attractive promises, choosing cautiously, and assessing the fit between theory and data. We characterize the properties of ill-fitting interpretations that subjects struggle to recognize. Preferences for more complex models are twice as common as preferences consistent with Occam’s razor. Implications extend to the literatures on Causal Narratives and Model Persuasion.<o:p></o:p></span></pre><pre><span lang=EN-US style='font-size:11.0pt;font-family:"Calibri",sans-serif'><br>If you are interested in meeting after the seminar (meeting slots of 30’, room no 05.303) you can register via this link:</span><span lang=DE style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p></o:p></span></pre><p class=MsoNormal><span style='font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif'><a href="https://nuudel.digitalcourage.de/SwcqYK5aTLB2vMlb">https://nuudel.digitalcourage.de/SwcqYK5aTLB2vMlb</a><o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:DE-AT'><o:p> </o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:DE-AT'>Kind regards,<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:DE-AT'>Sylvia Vosatka<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:DE-AT'>-------------------------------------------<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:DE-AT'>Department of Economics<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:DE-AT'>University of Vienna<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:DE-AT'>Oskar-Morgenstern-Platz 1<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:DE-AT'>1090 Vienna, Austria<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:DE-AT'>Phone: +43 1 4277 37408<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt'><o:p> </o:p></span></p></div></body></html>