Faculty, postdoctoral fellows, students, and staff from the Center for Decision Research journeyed north to Montreal for the 2019 Annual Meeting of the Society for Judgment and Decision Making (SJDM), November 15-18.

More than 40 talks and posters featured work by faculty, postdocs, and students from the Center for Decision Research. Other highlights of the Center's sizable presence at the conference included CDR's sponsorship of the Women in SJDM networking event, a reunion dinner for the extended CDR community, and the annual presentation of the Hillel Einhorn Award, named after CDR's founding director.

Stav Atir presents at a podium

(Above: CDR postdoctoral research fellow Stav Atir presents at the SJDM 2019 Annual Meeting. Photo by Margaret Echelbarger) 

CDR Reunion Dinner

On Saturday, November 16, approximately 40 faculty, graduate students, postdocs, CDR alumni, and staff attended a dinner annually hosted by the CDR, with sponsorship from Professor Richard Thaler, Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics. The event gathered former CDR graduate students and postdocs now at the forefront of behavioral science research at leading institutions around the world. Guests had the opportunity to chat about research projects, preview upcoming talks, and swap stories about life at the Center since its founding more than 40 years ago. 

Hillel Einhorn Award

Each year the SJDM grants the Hillel Einhorn Award to the best paper by a young investigator. The award is named in honor of CDR co-founder Hillel Einhorn, a pioneer in behavioral decision research who was pivotal in reorganizing the behavioral science curriculum in the late 1970s at what was then the University of Chicago Graduate School of Business. Einhorn helped shift the school’s behavioral science focus toward quantitative decision theory, founded and led the CDR, and positioned the center as a preeminent community of behavioral science research. At the time of his death in 1987, Einhorn was the Wallace W. Booth Professor, the first faculty member to hold the chair.

This year’s Hillel Einhorn Award winner was Joshua Lewis, a doctoral candidate at the Wharton School. Lewis’ recent publication “Extremeness Aversion Is a Cause of Anchoring” in Psychological Science was co-authored with CDR Assistant Professor of Marketing Celia Gaertig.

Sessions Featuring CDR Research

Please note: due to space constraints, we only list the CDR-affiliated co-authors below. Please see the SJDM program for a complete list of authors and abstracts.

  • Anuj Shah - An Illusion of Mutual Knowledge and Its Effects on Prosociality
  • Shereen Chaudhry - "It's Not about the Money. It's about Sending a Message!" - Belief-Based Motives behind Punishment
  • Donovan Rowsey & George Wu - Risk Attitudes in Multi-Attribute Choice: The Guaranteed Change Effect
  • Berkeley Dietvorst -People Reject Even the Best Possible Algorithm in Uncertain Decision Domains
  • Stav Atir, Kristina Wald & Nicholas Epley – Everyone You Meet Has Something to Teach You: People Underestimate How Much They Learn From Conversations
  • Oleg Urminsky – Modeling Context Effects as the Accumulation of Simple Comparisons
  • Samuel Hirshman - As Wages Increase, Do People Work More or Less? A Wage Frame Effect
  • George Wu - Inherently Risky Sure Things
  • Nicholas Herzog & Emma Levine – Precommitment to Moral Values
  • Elizabeth Huppert, Nicholas Herzog & Emma Levine - The Social Consequences of Absolute Moral Proclamations
  • Oleg Urminsky – “Seeing” the Attraction: Trade-Offs Amplify the Attraction Effect among Visually-Presented Alternatives
  • Oleg Urminsky - Comparison of Single- and Double-Blind Review of Scientific Abstracts for a High Stakes International Conference
  • Abigail Sussman - Do Investors Value Sustainability?
  • Oleg Urminsky & Minkwang Jang - How Soon is Now? Present Bias and the Mental Accounting of Time
  • Christopher Hsee & Xilin Li - A New Look at Some “Old” Biases
  • Emma Levine, Sarah Jensen & Michael White - Honest without Looking
  • Alex Shaw - Lying to appear honest
  • Xilin Li & Christopher Hsee - Free-Riding and Cost-Bearing in Discrimination
  • Celia Gaertig - Does Dialectical Bootstrapping Improve The Wisdom Of The Inner Crowd?

Flash Talks

  • Ed O’Brien - People Use Less Information Than They Think to Form Judgments
  • Annabelle Roberts & Ayelet Fishbach - Love is Patient: People are More Willing to Wait for Things They Like
  • Nicholas Epley – It’s Surprisingly Nice to Hear You: Miscalibrated Expectations of Connection and Awkwardness Affect How People Choose to Connect with Others
  • Celia Gaertig - Why (and When) Are Uncertain Price Promotions More Effective Than Equivalent Sure Discounts?
  • Kariyushi Rao & Reid Hastie - Predicting Outcomes in a Sequence of Binary Events: A Belief-Updating Account of Hot Hand and Gambler’s Fallacy Judgment Patterns
  • Oleg Urminsky - Searching for the Tree and Missing the Forest: How Broadening Search Promotes Belief Updating
  • Lauren Eskreis-Winkler & Ayelet Fishbach - Black Men Get Shorter Sentences: Narrative Elaboration Reveals Incoming Stereotypes

Poster Presentations

  • Lin Fei - The Bell Curve Is Counter-intuitive
  • Shereen Chaudry - “Tell Me It’s Cheap, Not That It Works“: Why Increased Risk Perception Does Not Always Lead People to Take the Necessary Protective Actions
  • Oleg Urminsky - Reconsidering Visual Context Effects in Practice: A Case for the Attraction Effect in Consumer Judgments
  • Abigail Sussman - Understanding the Drivers of Household Budgeting
  • Daniel Katz & Abigail Sussman - The Impact of Payment Plans on Feelings of Financial Constraint
  • Oleg Urminsky - Nonlinear Cue-Based Models Better Explain Intertemporal Choice
  • Oleg Urminsky- Optimal Predictions Revisited: Assessing the Rationality of a Bayesian Model
  • Shereen Chaudry - Fourth Party Punishment: When, Why, & How Do People Punish Bystanders?
  • Celia Gaertig - Is the Wisdom of the Inner Crowd Effect A Generalizable Phenomenon?
  • Lin Fei & Berkeley Dietvorst- Preference for Predicting One-Shot Random Events
  • Margaret Echelbarger & Nicholas Epley - Children, Like Adults, Underestimate the Positive Impact of their Random Acts of Kindness
  • Shweta Desiraju & Oleg Urminsky - A Speed Premium: Inferences and Choice Based on the Frequency of Product Updates
  • Jiaqi Yu& Oleg Urminsky – Ethnicity and Time Discounting
  • Samuel Hirshman & Daniel Bartels - When is Now?: Empirical Tests of Quasi-Hyperbolic Discounting
  • Samuel Hirshman & Abigail Sussman - Ownership Alters Learning and Beliefs About Products
  • Emma Levine - The Reward Recasting Effect: Foregoing Payments to Signal Pure Motives
  • Boaz Keysar - Future Events Seem Less Likely in a Foreign Language