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X-ORIGINAL-URL:https://research.reading.ac.uk/economics
X-WR-CALDESC:Events for Economics Research
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DTSTART;TZID=Europe/London:20231004T143000
DTEND;TZID=Europe/London:20231004T160000
DTSTAMP:20260420T043648
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SUMMARY:External seminar by Camille Terrier (QMUL)
DESCRIPTION:We are delighted to welcome Camille Terrier to the Department on 4th October\, to give the first Department of Economics invited speaker seminar of our Autumn term.\n\n \nTitle: Confidence and College Applications: Evidence from a Randomized Intervention\n \nAbstract: This paper investigates the role played by self-confidence in college applications. Using incentivized experiments\, we measure the self-confidence of more than 2\,000 students applying to colleges in France. The best female students and students from low socioeconomic status (low-SES) significantly underestimate their rank in the grade distribution compared to male and high-SES students. By matching our survey data with administrative data on real college applications and admissions\, we show that miscalibrated confidence affects college choice controlling for grades. We then estimate the impact of a randomized intervention that corrects students’ under- and overconfidence by informing them of their real rank in the grade distribution. The intervention fully offsets the impact of under- and overconfidence for college applications. Providing feedback also makes the best students\, who were initially underconfident\, apply to more ambitious programs with stronger effects for female and low-SES students. Among top students\, our intervention closes 72% of the gender gap in admissions to elite programs\, and 95% of the social gap. We conclude that confidence is an important behavioral consideration for the design of college admission markets.\n \nCamille’s latest research and the working paper for this talk are here: https://sites.google.com/view/camilleterrier/accueil
URL:https://research.reading.ac.uk/economics/event/external-seminar-by-camille-terrier/
LOCATION:Edith Morley 126\, United Kingdom
CATEGORIES:External Seminars
ORGANIZER;CN="Carl%20Singleton":MAILTO:c.a.singleton@reading.ac.uk
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BEGIN:VEVENT
DTSTART;TZID=Europe/London:20231018T143000
DTEND;TZID=Europe/London:20231018T160000
DTSTAMP:20260420T043648
CREATED:20231008T204325Z
LAST-MODIFIED:20231106T151144Z
UID:3618-1697639400-1697644800@research.reading.ac.uk
SUMMARY:External Seminar by Agnes Kovacs (King's College London & IFS)
DESCRIPTION:We will be delighted to welcome Agnes Kovacs to the Department on 18 October 2023\, to give a Department of Economics invited speaker seminar.\n\n\nTitle: Financial Innovation\, the Decline in Household Savings\, and the Trade-off between Flexibility and Commitment \n\nAbstract: This paper investigates the trade-off between two opposing views of financial innovation: the benefit of improved flexibility and the potential cost of weakened commitment. \nTo disentangle their relative importance\, we estimate a model of household behavior that allows for the possibility that housing acts as a savings commitment device. Identification is achieved using novel evidence on consumption growth dynamics. We then use the estimated model to study the macroeconomic and welfare implications of giving households greater access to home equity. We find that the welfare cost of weakened commitment is substantial: approximately 1.7 times larger than the benefit of improved consumption smoothing. Both channels contribute equally to a 2.5 percentage point decline in the personal saving rate. Welfare could be improved using alternative mortgage policies that better balance the trade-off between flexibility and commitment.\n\n \nAgnes’ latest research is here: https://sites.google.com/site/agneskovacs13/ 
URL:https://research.reading.ac.uk/economics/event/external-seminar-by-agnes-kovacs-kings-college-london-ifs/
LOCATION:Edith Morley 126\, United Kingdom
CATEGORIES:External Seminars
ORGANIZER;CN="Carl%20Singleton":MAILTO:c.a.singleton@reading.ac.uk
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20231025T143000
DTEND;TZID=Europe/London:20231025T160000
DTSTAMP:20260420T043648
CREATED:20231008T204121Z
LAST-MODIFIED:20231106T151050Z
UID:3616-1698244200-1698249600@research.reading.ac.uk
SUMMARY:External Seminar by Xiaochun Meng (University of Sussex)
DESCRIPTION:We will be delighted to welcome Xiaochun Meng to the Department on 25 October 2023\, to give a Department of Economics invited speaker seminar.\n\nTitle: Generalized linear pools for combining probabilistic forecasts\n\n\nAbstract: For many applications\, combining the individual probabilistic forecasts can improve their accuracy. The existing literature has extensively explored linear pools of forecasts of cumulative distribution functions or quantile functions. A general framework of combining methods is proposed\, which encompasses the existing linear pools. We analyse the statistical properties of the proposed generalized linear pools. The framework and theoretical findings enable the provision of recommendations regarding the choice of combining methods and scores to use in practice. An empirical illustration is provided on simulated and real data. \n\n\nYou can check out Xiaochun’s latest research here: https://profiles.sussex.ac.uk/p449675-xiaochun-meng
URL:https://research.reading.ac.uk/economics/event/external-seminar-by-xiaochun-meng-university-of-sussex/
LOCATION:Edith Morley 126\, United Kingdom
CATEGORIES:External Seminars
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