The fall 2008 "First Four Fridays" meeting took place in November at the Federal Reserve Bank in Los Angeles on the topic of "Applying Ideas from Behavioral Economics to Encourage Savings". The event was hosted by the Fed and the United Way of Greater Los Angeles and was made possible through funding from the Annie E. Casey Foundation and CitiBank. Our special guest was Dr. Emily Haisley from The School of Management at Yale University. Dr. Haisley's research has been published in academic journals, such as The Journal of Risk and Uncertainty and The Journal of Behavioral Decision Making.
Dr. Haisley presented ideas from behavioral economics that help explain why it is so difficult for people to save and she suggested strategies to encourage saving. The discussion continued on the growing movement surrounding the fight against poverty and the interconnectedness of psychology and behavioral economics in helping people make decisions that are more beneficial to their long-term welfare.
To view the presentation materials, please click on the links below:
Applying Ideas from Behavioral Economics to Increase Savings (PDF - 203KB), Emily Haisley, Ph.D.
The Economist as Therapist: methodological ramifications of ‘light’ paternalism (PDF - 231KB), George Loewenstein and Emily Haisley
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Asset Building Coalition "Four First Fridays"