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International Max Planck Research School on Adapting Behavior in a Fundamentally Uncertain World

IMPRS Uncertainty

9th IMPRS Uncertainty Summer School

July 26 ‐ August 21, 2015

The International Max Planck Research School on Adapting Behavior in a Fundamentally Uncer‐

tain World accomplished its 9th Summer School from July 26th until August 21st 2015 at the Frie‐

drich‐Schiller University Jena. The so called “IMPRS Uncertainty” or “Uncertainty School” spans

three disciplines: law, economics, and psychology. The overlap of this three research approach‐

es is very promising to find more adequate explanations for human decision‐making behavior

under uncertainty. Brilliant and ambitious students from all over the world work jointly in a

three years structured Ph.D. program which provides excellent research conditions and supervi‐

sion.

The IMPRS Uncertainty is hosted by several partnering institutions:

o MPI for Research on Collective Goods, Bonn

o MPI for Human Development, Berlin

o Friedrich Schiller University Jena – School of Economics and Business Administration and

the Department of Psychology

o University of Bonn ‐ Institute of Commercial and Economic Law

o Indiana University, Bloomington ‐ Program in Cognitive Science and Workshop in Politi‐

cal Science and Policy Analysis

o Hebrew University, Jerusalem ‐ Center for the Study of Rationality

o University of Trento, CIFREM

The Max Planck Institute for Human Development, Berlin was founded in 1963, and is a

multidisciplinary research institute dedicated to the study of human development and educa‐

tion, and their evolutionary, social, historical, and institutional contexts.

The Max Planck Institute for Research on Collective Goods, Bonn, was founded in 1997.

Its mission is to study the law, economics, and politics of collective goods, defined to encompass

all those goods whose provision and enjoyment are treated as community concerns.

The Department of Psychology of the Friedrich Schiller University Jena is involved

both in research and teaching, covering the entire range from basic to applied fields of

psychology. Especially the chairs of Social Psychology and General Psychology are en‐

gaged in the IMPRS Uncertainty program.


IMPRS Uncertainty

The School of Economics and Business Administration of the Friedrich Schiller Universi‐

ty Jena values a wide, scientific‐based, and practical education, which is also applicable in the

business world. The Jena Graduate School “The Economics of Innovative Change” coordinates its

summer school parallel to the IMPRS Uncertainty summer school. The program is funded by the

German Science Foundation (DFG) and offers the opportunity to achieve a doctoral degree

(PhD) in economics for outstanding candidates.

The Program in Cognitive Science of Indiana University, Bloomington brings together

faculty from many departments to study cognition and information. The program is highly inte‐

grated and encourages interdisciplinary cooperation between all the participating disciplines.

The Workshop in Political Theory and Policy Analysis at Indiana University, Blooming‐

ton combines teaching, research, and related activities where faculty, visiting scholars, and stu‐

dents participate in productive scholarship related to institutional analysis and design. Today,

the Workshop is home to an extensive interdisciplinary research agenda and affiliated faculty.

The Center for the Study of Rationality at the Hebrew University, Jerusalem was

founded in 1991 and since then, its members apply game‐theoretic tools to examine the pro‐

cesses by which individuals seek the path of maximum benefit respond to real‐world situations,

where individuals with different goals interact.

The Centro Interdipartimentale di Formazione e Ricerca in Economia e Management,

Trento (CIFREM) combines the DISA and DECO Department. The first researches about the na‐

ture of organizations and how individual motivations affect institutional settings, the second

gathers together researchers from International Economics, Monetary Economics, Public Eco‐

nomics, Growth, Environmental Economics, Ethics and Norms, Computable Economics. The

DECO Department hosts the CEEL (Computable and Experimental Economics Laboratory). The

Laboratory investigates about human economic behavior adopting the methodological tools of

Experimental Economics. Among the CEEL’s fields of inquiry one can find: strategic interaction,

risk and uncertainty, intertemporal choice, social preferences, taxpayers behavior, individual

decision making and consumer behavior.

The Institute of Commercial and Economic Law is located at University of Bonn, where also the Center for Advanced Studies in Law and Economics (CASTLE) has its place.


IMPRS Uncertainty

Program

During the 4 weeks of our Summer School more than 30 students participated in courses, talks,

the group assignments, and social activities. During the first 2 weeks the Summer School is a

joint project with the graduate college “Economics of Innovative Change” (GK EIC). In addition to

the IMPRS Uncertainty students, approximately 30 students of the GK EIC and external students

to their summer institute join this “Uncertainty and Innovation” school. The aim of this integra‐

tion is to provide students of both schools the possibility to engage in research of the close by

institution. It allows for activities on a larger scale, facilitates the scope of research projects and

the learning effects for both sides. Therefore, joint seminars take place – both groups attend

lectures from renowned scientists suggested and invited either by the IMPRS Uncertainty or the

GK EIC.

Number and type of courses during SuS 2015

Courses

Field Theory Topics Method

Grand

Total

Econ 1 1 3 5

Law 3 1 4

Psy 3 3

Grand Total 1 7 4 12

Course Types: Courses emphasize either

theoretical aspects of a given field, focus on presenting a certain topic inside of it, or deal with its methodological issues. All IMPS students

need to allocate credits of all fields and types.


IMPRS Uncertainty

Course Program IMPRS SuS 2015

Course Invited Speaker Field Type

Entrepreneurship – Psychological, sociological and

economic determinants

Uwe Cantner Econ Topics

Contracts and Promises Alexander Stremitzer Law Topics

Models of Judgement and

Decision Making P.Analytis/ W. Hariskos Psy Topics

Empirical and Comparative Per‐

spectives on Law and Politics Keren Weinshall‐Margel Law Topics

Microeconometrics Robert Jung Econ Method

Team Games:

Intra‐and Intergroup conflict Robert Böhm/ Ori Weisel Psy Topics

Bayesian Econometrics Oliver Kirchkamp Econ Method

Advanced Experimetrics Christoph Engel Law Method

z‐tree Oliver Kirchkamp Econ Method

The evolved foundations of

decision making Andreas Wilke Psy Theory

Experimental Economics and

Legal Research Claudia Landeo Law Topics

An advanced primer in decision

making Ferdinand Vieider Econ Theory


IMPRS Uncertainty

Invited talks during IMPRS SuS 2015

Date Talk Invited Speaker Field

26.07.2015

Opening

lecture

Economic Development and innovation in the

21st century Bart Verspagen Econ

27.07.2015

The footprint of evolutionary processes of

learning and selection upon the statistical

properties of industrial dynamics

Giovanni Dosi Econ

04.08.2015 Decision Making under Stress Christiane

Schwieren Econ

08.08.2015 Mata‐Cognitive Myopia –

Origin of irrational cognition and behavior Klaus Fiedler Psy

12.08.2015 Such Science, much wow – Thoughts on helping

your audience survive your scientific talks

Rima‐Maria

Rahal General

18.08.2015 On assuming (in)complete information in games Sigrid Suetens Econ

18.08.2015 The “law” of small numbers Sigrid Suetens Econ


IMPRS Uncertainty

CourseLecturers:

UweCantner,Friedrich‐Schiller‐UniversityofJena

AlexanderStremitzer,UCLALaw

PantelisP.Analytis/WasiliosHariskos,MPIforHumanDevelopment,Berlin

Invitedlectures‐talksgivenby

BartVerspagen,UNU‐MERITMaastricht

GiovanniDosi,ScuolaSuperioreSt'Anna

Detailed Report

Week 1

The ninth Summer

School of the IMPRS

Uncertainty was the

first one entirely held

at the Friedrich‐Schiller

University of Jena and

probably also the one

with the hottest

weather so far. More

than 30 students from

the IMPRS Uncertainty program and other

doctoral programs and universities all over the

world participated in this year’s four week long

summer event. Again, new students program

could be welcomed in the IMPRS.

The opening lecture by Bart Verspagen (UNU‐Merit Maastricht)

was organized by the partnering program “The Economics of In‐

novative Change”. He talked about “Economic Development and

innovation in the 21st century”. The senat hall in the main building

of the University of Jena was (as in the previous year’s) over‐

crowded, and students from both Summer Schools and guests

listened to his very interesting

talk.

After the lecture, students and

faculty met in the courtyard of

the university main building for a barbeque and used this first

opportunity to get to know each other.

The courses started on Monday morning with Uwe Cantner

lecturing on entrepreneurship. This was the first of the two

jointly held courses of both programs during this summer

school.


IMPRS Uncertainty

The IMPRS Uncertainty schedule continued with two lectures by

Alexander Stremitzer (UCLA Law) on “Contracts and Promises”. In

the afternoon, Giovanni Dosi gave a talk on “The footprint of evolu‐

tionary processes of learning and selection upon the statistical

properties of ind ustrial dynamics”. The course by Alexander Strem‐

itzer continued till Wednesday. From Wednesday afternoon on,

Pantelis P. Analytis and Wasilios Hariskos from the MPI for Human

Development in Berlin (one of the partners of the IMPRS Uncertainty) gave insights into “Models

of Judgement and Decision Making”. On Tuesday, this year’s potential topics for the group as‐

signment were presented and eventually the groups formed. Four groups developed a research

idea, designed and ran an experiment, and finally presented their results at the end of the four

weeks. They were supervised by PostDocs from the University of Jena and one external partici‐

pant of the summer school.

On the weekend, everyone had the chance to engage in sports activities like the welcome tour‐

nament on Saturday or the canoeing trip on Sunday.

Week 2

The second week started

with the next joint course

for both programs. Robert

Jung (University of

Hohenheim) talked about

” Microeconometrics”.

Further courses in the

IMPRS schedule were a course by Keren Weinshall‐Margel

from the Hebrew University on “Empirical and Comparative

Perspectives on Law and Politics” and a course by two former

IMPRS students; Robert Böhm, who is currently a junior pro‐

fessor at RWTH Aachen and Ori Weisel, now at the University

of Nottingham. They talked about “Team games: Intra‐ and

intergroup conflict”.

CourseLecturers:

KerenWeinshall‐Margel,FacultyofLaw,HebrewUni‐versity

RobertJung,UniversityofHohenheim

RobertBöhm,RWTHAachen/OriWeisel,UniversityofNot‐tingham


ChristinaSchwieren,Universi‐tyofHeidelberg


IMPRS Uncertainty

On Tuesday afternoon, Christiane Schwieren from the University of Heidelberg gave a talk on

“Decision making under Stress”, a topic which was interesting for students of Economics, as well

as of Psychology.

On Saturday, August 8th, the IMPRS Uncertainty invited

to its key note lecture by Klaus Fiedler (University of

Heidelberg). He talked about “Meta‐Cognitive Myopia

– Origin of Irrational Behavior”. This lectures denoted

the end of the first half of the IMPRS Uncertainty and

the end of the summer institute of the GK EIC.

After the really interesting lecture, participants and

faculty were invited to a party in the Botanical Garden

in Jena.

On Sunday, participants could participate in a trip to

the boulder hall in Jena


IMPRS Uncertainty

Week 3

The third week contained only

methodological courses. Oliver

Kirchkamp taught on “Bayesian

Econometrics” and gave an intro‐

duction to “z‐tree”, whereas Chris‐

toph Engel lectured on “Advanced

Experimetrics”.

Since the weather got even hotter

in this week, the schedule was

changed, so that courses started

already at 8 in the morning to use

that bit of fresh air, which was

available during these summer

days.

On Wednesday afternoon, Rima‐Maria Rahal, one of our IMPRS students, talked about a more

general topic which is interesting for all scientists, no matter which field: “Such Science, much

wow – Thoughts on helping your audience survive your scientific talks”

On Wednesday and Thursday, the experimental sessions of the group assignment were run and

the first results presented already on Friday afternoon.

Although the weather was really hot during the week, the hiking trip and the bonfire planned for

the weekend had to be cancelled due to heavy rain.

CourseLecturers

OliverKirchkamp,FSUJena

ChristophEngel,MPIforCollec‐tiveGoods,Bonn


Rima‐MariaRahal,MPIforCollectiveGoods,Bonn


IMPRS Uncertainty

Week 4

The fourth comprised courses from all three fields, the

IMPRS Uncertainty combines. In the economic part

Ferdinand Vieider talked about “An advanced primer in

decision theory”, from a legal perspective Claudia

Landeo lectured on “Experimental Economics and Legal

Research”, and finally the psychologist Andreas Wilke

presented “The evolved foundations of decision mak‐

ing”.

Talks were given by Sigrid Suetens from Tilburg Univer‐

sity. On Tuesday she gave two talks on “On assuming

(in)complete information in games” and “The “law” of

small numbers”.

Thursday afternoon was dedicated to the final presentations of the

group assignment. The groups gave an overview of their research

projects, including research idea, background literature, design of the

experiment, and first results. More important, they talked about what

they learned during these four weeks and how they could improve

their projects. Hopefully, some of the projects will be extended even

after the summer school and lead to a submitted paper.

On Friday evening, the certificates for the summer school participa‐

tion were handed over. Gulnaz Anjum received her final IMPRS certif‐

icate for completing the curriculum of the IMPRS Uncertainty. After

this nice graduation ceremony, the participants went to the Schiller‐

hof to celebrate the end of the summer school with delicious food

and nice conversations before all had to move back to their home

universities or research institutions.

CourseLecturers

FerdinandVieider,WZBBerlinSocialScienceCenter

ClaudiaLandeo,UniversityofAl‐berta

AndreasWilke,ClarksonUniversity,Potsdam,NewYork


SigridSuetens,TilburgUniversity


IMPRS Uncertainty

Group Assignment

Group:

Transparency and the effect of prosocial nudge

1. Bilel Rahali (Grenoble‐Alpes University)

2. Elena Kantorowicz‐Reznichenko (RILE)

3. Hendrik Bruns (University of Hamburg)

4. Marijane Luistro Jonsson (Stockholm School of

Economics)

5. Katharina Klement (FSU Jena/ IMPRS)

Supervisor: Olexandr Nikolaychuk

Group:

Extend and pretend

1. Minou Gahffari (MPI Bonn Minerva)

2. Andre Schmelzer (MPI Bonn)

3. Leonard hoeft (MPI Bonn)

4. Amalia Álvarez (MPI Bonn/ MPRG Normative Change)

5. Lars Freund (MPI Bonn)

Supervisor: Sven Hoeppner


IMPRS Uncertainty

Group:

Trade with your own or others money

1. Christina Strobel (FSU Jena/ IMPRS)

2. Matteo Tomaselli (University of Trento)

3. Tatiana Balmus (University of Trento)

Supervisor: Alexia Gaudeul

Group: Are potential entrepreneurs overconfident?

1. Petr Obergruber (University of Economics

Prague) 2. Flávio Augusto de Azevedo Neto (University of Leiden) 3. Ismael Rafai (Université de Nice) 4. Viktorija Ilieva (Univeristy of Skopje) 5. Simón Algorta (MPI Berlin) Supervisor: Tobias Regner


IMPRS Uncertainty


IMPRS Uncertainty

Participating Ph.D. students

No Internal IMPRS Student

1 Simón Algorta MPI Berlin/ IMPRS

2 Amalia Álvarez MPI Bonn/MPRG Normative Change

3 Gulnaz Anjum FSU Jena / IMPRS

4 Daniel Barkoczi MPI Berlin/ IMPRS

5 Konstantin Chatziathanasiou MPI Bonn / IMPRS

6 Mike Farjam FSU Jena / IMPRS

7 Lars Freund MPI Bonn / IMPRS

8 Minou Ghaffari MPI Bonn/ Minerva

9 Svenja Hippel MPI Bonn / IMPRS

10 Leonard Hoeft MPI Bonn / IMPRS

11 Giorgi Jvarsheishvili FSU Jena / IMPRS

12 Katharina Klement FSU Jena / IMPRS

13 Laura Lyhs FSU Jena / IMPRS

14 Wladislaw Mill FSU Jena / IMPRS

15 Rima‐Maria Rahal MPI Bonn/ Minerva

16 Andre Schmelzer MPI Bonn / IMPRS

17 Christina Strobel FSU Jena / IMPRS

18 Andra Toader FSU Jena / IMPRS

No External Student

19 Tatiana Balmus University of Trento

20 Hendrik Bruns University of Hamburg

21 Flavio Augusto de Azevedo Neto University Leiden

22 Michele Garagnani University of Cologne

23 Sven Hoeppner Ghent University

24 Viktorija Ilieva Ss. Cyril and Methodius University of Skopje

25 Elena Kantorowitz‐Reznichenko Rotterdam Institute for Law and Economics

26 Huifeng Li Goethe University Frankfurt

27 Marijane Luistro Jonsson Stockholm School of Economics

28 Sergio Rubens Mittlaender Lema de Souza

EDLE

29 Petr Obergruber University of Economics Prague

30 Ismael Rafai Université de Nice

31 Bilel Rahali GAEL/ Grenoble‐Alpes University

32 Maria Theobald University of Cologne

33 Matteo Tomaselli University of Trento


IMPRS Uncertainty

Participants of the 9th IMPRS Uncertainty Summer School

26.7.‐21.8.2015

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