PPT-Behavioral biases and heuristics: a primer

Syon Bhanot Swarthmore College World Bank DIME Workshop Istanbul May 12 2015 Many Behavioral Challenges Duflo Kremer and Robinson 2011 Many Behavioral Challenges Duflo Kremer and Robinson 2011. brPage 3br Understanding Heuristics Symantecs Bloodhound Technology Introduction The word heuristic was initially coined by the Greeks its original form was heuriskein which meant to discover Today the term is used almost exclusively in computer sci Malicious envy biases attention more toward envied persons than their advantages Benign envy is associated with an attentional focus toward means to improve oneself The results highlight the value of functional and processfocused approaches to envy Analysis. Chapter 9. Behavioral Finance. Argues that rational financial theories ignore how people actually make decisions. Behavioral . Finance: emphasizes the potential . implications of psychological . By. Farnoosh Davoodi. 1. Agenda. Min Knapsack Problem. 2 approximation greedy algorithm. Proof . 3/2 approximation greedy algorithm. Proof. Another improved heuristic. Heuristics for the O-1 Min-Knapsack Problem. William H. Brady, MD, MBA, MSc. Medical Director, Employee Health. Adjunct Faculty UNM, Texas A&M . HSc. , and Univ. Of Utah. Shar Haley, RN, . CRRN, CCM. , . SPHR; Manager. , Employee Health. Economics. Understanding and Managing Behavioral Biases. Featured Host . DNA Behavior – Financial DNA. Leon Morales. Chief Relationship Officer. leon.morales@dnabehavior.com. www.linkedin.com/in/leondna. Tripp Rockwell. , David McKenzie. Istanbul, May 13, 2015. Overview (% of projects). Improving policy design. Market Level Analysis. Behavioral. Capabilities (supply-side constraints). Opportunities. Targeting/. Heteroge. *This lesson was adapted from http. ://. www.tolerance.org/Hidden-bias.. . Introduction. All of us have preferences or biases. Sometimes people say, “I may be biased, but I . think______is. better than ______.” Can you remember a time when you made such a statement? It may have been in reference to a particular type of food, car, or clothing. It is natural and consistent with human behavior to have such preferences or biases. . Primer, Progress, Frontiers. Jonathan Zinman. Dartmouth College and. IPA’s U.S. Household Finance Initiative. (also J-PAL, . NBER, etc.). A. Primer. Symptoms and Causes:. Behavioral (Household Finance) Economics 101. Peggy Doviak, Ph.D., CFP®. Getting Started. This presentation will discuss how some of the roots of behavioral finance lie in the impact of the social and cultural background of the client.. For financial planners to retain clients, write plans that are implemented, and have clients return for updates (basics of the financial planning process), both the planners and the clients must find the plans meaningful and congruent with their sociocultural beliefs.. Kenny Denmark. Jason Isenhower. Ross Roessler. Background. A* uses heuristics for efficient searching. Initially, heuristics provided by "expert". Challenge is to have program create heuristics. I am grateful to Nathan Blalock for helpful comments on an earlier draft, and to Patrik Bauer and Marihah Idroos for research assistance. During my tenure at the FTC, I found that the Commission we Executive Summary MethodologyCharles S Key Points 149149149149What is Behavioral FinanceBehavi3 markets have regained almost the of disconcerting losses Even in the best of times it can be and marke Dr. . Pravin. Kumar . Agrawal. Assistant Professor. Department of Business Management. PhD (Finance). Arbitrage. The act of exploiting the price differences in a financial asset in different markets to make profits by simultaneously purchasing at a low price in one market and selling the same asset at a higher price in a different market. .