Program
August 24
08.30 – 09.00 Coffee and Registration
09.00 - 09.45 Howard Kunreuther, Wharton School of Business, University of Pennsylvania, "Insurance and Behavioral Economics"
09.45 - 10.30 Robert Merton, MIT Sloan School of Management, "Challenges and Solutions in Retirement Funding and Retirement Payout"
10.30 - 11.00 Coffee
11.00 - 12.00 Panel discussion: "Insurance and Human Behavior".
Moderator: Peter Englund
Howard Kunreuther
Robert Merton
Staffan Grefbäck, Alecta
Eva Erlandsson, Insurance Sweden
12.00 - 13.00 Lunch
13.00 - 13.45 Dwight Jaffee, UC Berkeley, Haas School of Business, "Insurance Risks and Government Interventions"
13.45 - 14.30 Ralph Koijen, London Business School, "Shadow Insurance"
14.30 - 15.00 Coffee
15.00 - 15.45 Viral Acharya, New York University, "Is the Insurance Sector Systemically Risky?”
15.45 - 17.00 Panel discussion: "Systemic Risk and Regulation"
Moderator: Johan Walden
Viral Acharya, Ralph Koijen, Dwight Jaffee, Anastasia Kartasheva, Bank for International Settlements, Åsa Larson, Finansinspektionen, and Jens Henriksson, Folksam
August 25
08.30 – 09.00 Coffee
09.00 - 09.50 “Prospect Theory and Insurance Demand.”
In Do Hwang, University of Illinois
Discussant: Adam Sliwinski, Warsaw School of Economics
09.50 - 10.40 “How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment”
James Vickery (presenter), Shawn Cole, and Xavier Giné, Federal
Reserve Bank of New York
Discussant: Christian Biener, University of St. Gallen
10.40 - 11.10 Coffee
11.10 - 12.00 “How Do Financial Services Affect Investor Psychology?”
Fernando Lopez, Universidad Alberto Hurdado
Discussant: Roine Vestman, Stockholm University
12.00 – 13.00 Lunch
13.00 - 13.50 “Capital, Systemic Risk, Insurance Prices and Regulation.”
Ajay Subramanian (presenter) and Jinjing Wang, Georgia State
University
Discussant: Alexander Mürmann, Vienna University of Economics and Business
13.50 - 14.40 “Perfect Competition in Markets with Adverse Selection.”
Daniel Gottlieb (presenter) and Eduardo Azevedo, University of
Pennsylvania
Discussant: George Zanjani, Georgia State University
14.40 - 15.10 Coffee
15.10 - 16.00 “Basel III Versus Solvency II.”
Daniela Laas (presenter) and Caroline Siegel, University of St. Gallen
Discussant: Anastasia Kartasheva, Bank for International Settlements
16.00 - 16.50 ”Regulatory Reform and Risk-Taking: Replacing Ratings.”
Bo Becker, Stockholm School of Economics (presenter) and Marcus Opp,
US Berkeley, Haas School of Business Discussant: Christian Laux, Vienna University of Economics and Business
16.50 - 17.00 Closing of conference.