Readings

ICABEEP SUMMER SCHOOL 2010 READING LIST

Stephen Lea
General lecture: "The psychology of the current crisis".
Sub-topic: “Inter-temporal choice”.

Preliminary reading for students, on Intertemporal Choice
There is likely to be more here than you can read. Try to read equal numbers of papers from each section, rather than focusing on a single section.

1. Classic papers, and a modern summary

Ainslie, G. W (1975). Specious reward: A behavioral theory of impulsiveness and impulse controls. Psychological Bulletin, 82, 463-496. doi:10.1037/h0076860
http://www.ncbi.nlm.nih.gov/pubmed/1099599

Thaler, R. H (1990). Saving, fungibility, and mental accounts. Journal of Economic Perspectives, 4(1), 193-205.
http://www.jstor.org/stable/1942841

Berns, G. S., Laibson, D., & Loewenstein, G (2007). Intertemporal choice - toward an integrative framework. Trends in Cognitive Sciences, 11, 482-488. doi:10.1016/j.tics.2007.08.011
http://www.economics.harvard.edu/faculty/laibson/files/TICS00063%20Berns...

2. Assorted data

Estle, S. J., Green, L., Myerson, J., & Holt, D. D (2007). Discounting of monetary and directly consumable rewards. Psychological Science, 18, 58-63. doi:10.1111/j.1467-9280.2007.01849.x
http://pss.sagepub.com/content/18/1/58

Anderson, C. L., & Gugerty, M. K (2009). Intertemporal choice and development policy: New evidence on time-varying discount rates from Vietnam and Russia. Developing Economies, 47, 123-146. doi:10.1111/j.1746-1049.2009.00080.x
http://onlinelibrary.wiley.com/doi/10.1111/j.1746-1049.2009.00080.x/full

McClure, S. M., Ericson, K. M., Laibson, D. I., Loewenstein, G., & Cohen, J. D (2007). Time discounting for primary rewards. Journal of Neuroscience, 27, 5796-5804. doi:10.1523/JNEUROSCI.4246-06.2007
http://www.jneurosci.org/cgi/reprint/27/21/5796?ijkey=2902008c171e6bcb1e...

3. The new theoretical context

Suddendorf, T., & Corballis, M. C (2007). The evolution of foresight: What is mental time travel, and is it unique to humans? Behavioral and Brain Sciences, 30, 299-351. doi:10.1017/S0140525X07001975
http://journals.cambridge.org/action/displayAbstract?aid=1391432

Szpunar, K. K (2010). Episodic future thought: An emerging concept. Perspectives on Psychological Science, 5, 142-162. doi:10.1177/1745691610362350
http://pps.sagepub.com/content/5/2/142

Baumeister, R. F., Sparks, E. A., Stillman, T. F., & Vohs, K. D (2008). Free will in consumer behavior: Self-control, ego depletion, and choice. Journal of Consumer Psychology, 18, 4-13. doi:10.1016/j.jcps.2007.10.002
http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B8JGB-4R94BBW-1...

Daniel Houser
General lecture: “Temptation and Economic Decision Making”.
Sub-topic: “Trust and Betrayal”

1. Trust and Betrayal

Aimone, J. A., and D. Houser (2009): “What You Don’t Know Won’t Hurt You: A Laboratory
Analysis of Betrayal Aversion”, Working Paper. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1589146

Berg, J., J. Dickhaut, K. McCabe (1995): Trust, Reciprocity, and Social History. Games and
Economic Behavior, 10, 122-142. http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6WFW-45NJFPR-1...

Bohnet, I., F. Grieg, B. Herrmann, and R. Zeckhauser (2008): Betrayal Aversion:
Evidence from Brazil, China, Oman, Switzerland, Turkey, and the United States. The American Economic Review 98(1), 294-310. http://ideas.repec.org/a/aea/aecrev/v98y2008i1p294-310.html

Bohnet, I. and R. Zeckhauser (2004): Trust, Risk and Betrayal. Journal of Economic
Behavior and Organization, 55, 467-484. http://www.sciencedirect.com/science/article/B6V8F-4D04VWB-8/2/ef4e2bd0c...

Charness, G., and M. Dufwenberg (2006): Promises and Partnership. Econometrica,
74(6), 1579-1601. http://ideas.repec.org/p/cla/levrem/122247000000000001.html

Dana, J., R.A. Weber, J.X. Kuang (2007): Exploiting Moral Wiggle Room: Experiments
Demonstrating an Illusory Preference for Fairness. Economic Theory, 33: 67–80. http://www.springerlink.com/content/b085662x84481638/

Hong, K. and I. Bohnet (2007): Status and Distrust: The Relevance of Inequality and
Betrayal Aversion. Journal of Economic Psychology, 28, 197-213. http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6V8H-4KGPP47-2...

Houser, D., D. Schunk, and J. Winter (2010): Trust Games Measure Trust: An Atomy of the
Investment Game. Journal of Economic Behavior and Organization. http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6V8F-4Y95X4Y-1...
http://epub.ub.uni-muenchen.de/1350/1/RandT_061217_DP.pdf

Kosfeld, M., M. Heinrichs, P. J. Zak, U. Fischbacher, and E. Fehr (2005): Oxytocin
Increases Trust in Humans. Nature, 435, 673-676. http://www.ncbi.nlm.nih.gov/pubmed/15931222

Miu, A. C., R. M. Heilman, D. Houser (2008): Anxiety Impairs Decision-making:
Psychophysiological Evidence from an Iowa Gambling Task. Biological Psychology, 77, 353-358. http://www.ncbi.nlm.nih.gov/pubmed/18191013

Ochsner, K.N., J.J. Gross (2005): The Cognitive Control of Emotion. TRENDS in
Cognitive Sciences, 9(5) 242-249. http://www.ncbi.nlm.nih.gov/pubmed/15866151

Xiao, E and D. Houser (2005): Emotion Expression in Human Punishment Behavior,
Proceedings of the National Academy of Sciences of the United States of America, 102(20), 7398-7401. http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1129129/

2. Temptation

Ariely, D. and K. Wertenbroch (2002): Procrastination, deadlines, and performance: Using precommitment to regulate one’s behavior. Psychological Science, 13, 219–224. http://www.jstor.org/pss/40063710

Baumeister, R. and K. Vohs (2003): Willpower, choice, and self-control. In G.F. Loewenstein, D. Read, and R. Baumeister (eds), Time and Decision. Russell Sage Foundation, New York. http://82.179.249.32:2548/ehost/detail?vid=13&hid=8&sid=dd03a296-689a-40...

Bénabou, R. and J. Tirole (2004): Willpower and personal rules. Journal of Political Economy, 112, 848–886. http://www.jstor.org/pss/3555140

Bucciol, A., Houser, D., and M. Piovesan (2009): Temptation at work: A field experiment on willpower and productivity. Unpublished manuscript. www.aeaweb.org/aea/conference/program/retrieve.php?pdfid=154

Charness, G. and U. Gneezy (2009): Incentives to exercises. Econometrica, 77, 909–931. http://ideas.repec.org/p/cdl/ucsbec/11-08.html

DellaVigna, S. and U. Malmendier (2006): Paying not to go to the gym. American Economic Review, 96, 694–719. http://www.jstor.org/pss/30034067

Elster, J. (2000): Ulysses Unbound: Studies in Rationality, Precommitment, and Constraints. Cambridge University Press, New York. http://82.179.249.32:2548/ehost/detail?vid=58&hid=6&sid=dd03a296-689a-40...

Fudenberg, D. and D. K. Levine (2006): A dual-self model of impulse control. American Economic Review, 96, 1449–1476. http://www.jstor.org/pss/30034982

Gul, F. and W. Pesendorfer (2001): Temptation and self-control. Econometrica, 69, 1403–1435. http://www.jstor.org/pss/2692262

Gul, F. and W. Pesendorfer (2004): Self-control and the theory of consumption. Econometrica, 72, 119–158. http://www.jstor.org/pss/3598852

Heidhues, P. and B. Köszegi (2009): Futile attempts at self-control. Journal of the European Economic Association, 7(2–3), 423–434. http://www.mitpressjournals.org/doi/abs/10.1162/JEEA.2009.7.2-3.423?jour...

Hoch, S. J. and G. F. Loewenstein (1991): Time-inconsistent preferences and consumer self-control. Journal of Consumer Research, 17, 492–507. http://www.jstor.org/pss/2626842

Houser, D., D. H. Reiley, and M. B. Urbancic (2008): Checking out temptation: A natural experiment with purchases at the grocery register. Unpublished manuscript, University of California, Berkeley, University of Arizona, and George Mason University. http://ideas.repec.org/p/gms/wpaper/1008.html

Houser, D., D. Schunk, J. Winter and E. Xiao (2010): Temptation and commitment in the laboratory. Working paper, George Mason University. http://ideas.repec.org/p/zur/iewwpx/488.html

O’Donoghue, T. and M. Rabin (1999): Doing it now or later. American Economic Review, 89, 103–124. http://www.jstor.org/pss/116981

Ozdenoren, E., S. Salant, and D. Silverman (2008): Willpower and the optimal control of visceral urges. Unpublished manuscript, University of Michigan. http://ideas.repec.org/p/rff/dpaper/dp-10-35.html

Schelling, T.C. (1992): Addictive drugs: The cigarette experience. Science, 255, 430–434. http://www.jstor.org/stable/2876010

Shiv, B. and A. Fedorikhin (1999): Heart and mind in conflict: The interplay of affect and cognition in consumer decision-making. Journal of Consumer Research, 26, 278–292. http://www.jstor.org/pss/2489734

Strotz, R. H. (1955): Myopia and inconsistency in dynamic utility maximization. Review of Economic Studies, 23, 165–180. http://www.jstor.org/stable/2295722

Thaler, R. H. and H. M. Shefrin (1981): An economic theory of self-control. Journal of Political Economy, 89, 392–406. http://www.jstor.org/stable/1833317

Vohs, K. D. and R. J. Faber (2007): Spent resources: Self-regulatory resource availability affects impulse buying. Journal of Consumer Research, 33, 537–547. http://www.journals.uchicago.edu/doi/abs/10.1086/510228?journalCode=jcr

Vohs, K.D., and T.F. Heatherton. 2000. "Self-Regulatory Failure: A Resource-Depletion Approach", Psychological Science, 11, 249-254. http://www.jstor.org/stable/40063535


Tadeusz Tyszka
General lecture: “The role of moral sentiment in economic decision making”.
Sub-topic: “How do people resolve conflicts between moral sentiments and economic self-interest?”

Haidt, J. (2001). The emotional dog and its rational tail: A social intuitionist approach to moral judgment. Psychological Review, 108, 814-834. http://www.ncbi.nlm.nih.gov/pubmed/11699120


Benedikt Herrmann
General lecture: “Cooperation and enforcement of cooperation”.
Sub-topic: “The dark side of human behaviour”

1. First lecture

Fehr, E. and Gächter, S., 2002. Altruistic punishment in humans. Nature, 415(6868), 137-140. http://ideas.repec.org/p/wpa/wuwpmi/0305006.html

Herrmann, Benedikt, Thoeni, Christian and Gaechter, Simon, 2008. Antisocial punishment across societies. Science, 319(5868), 1362-7. http://www.sciencemag.org/cgi/content/abstract/319/5868/1362

Gaechter, Simon and Herrmann, Benedikt, 2009. Reciprocity, culture, and human cooperation: Previous insights and a new cross-cultural experiment. Philosophical Transactions of the Royal Society B - Biological Sciences, 364, 791-806. http://ideas.repec.org/p/cdx/dpaper/2008-14.html

Rand DG, Dreber A, Ellingsen T, Fudenberg D, Nowak MA (2009) Positive interactions promote public cooperation. Science 325, 1272-1275 http://www.ncbi.nlm.nih.gov/pubmed/19729661

2. Second lecture

Abbink, Klaus and Herrmann Benedikt, forthcoming, 'The Moral Costs of Nastiness' Economic Inquiry. http://onlinelibrary.wiley.com/doi/10.1111/j.1465-7295.2010.00309.x/full

Abbink Klaus, Jordi Brandts, Benedikt Herrmann, and Henrik Orzen, 'Inter-Group Conflict and Intra-Group Punishment in an Experimental Contest Game' American Economic Review, 100 (1), 420-447, 2010. http://www.aeaweb.org/articles.php?doi=10.1257/aer.100.1.420

Abbink Klaus and Herrmann Benedikt, Working paper, ´Pointless vendettas, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1468452