Elif Incekara-Hafalir joined UTS in July 2017. She received her PhD in Economics from Penn State University in 2007 and has held academic positions at Carnegie Mellon University.
Elif's personal webpage can be found here:
Elif's research interests are in behavioral economics and experimental economics in general. Specifically, she is interested in
- Self-control problems
- Time inconsistency
- Consumer financial decision making
- Decision making under risk.
- Behavioral Economics
Incekara Hafalir, E. & Linardi, S. 2017, 'Awareness of low self-control: Theory and evidence from a homeless shelter', Journal of Economic Psychology, vol. 61, pp. 39-54.View/Download from: UTS OPUS or Publisher's site
Survey measures of self-control provide a potential low-cost alternative to incentivized elicitation. However, asking respondents to introspect on their self-control problems may instead measure their awareness of them, especially in populations with low self-control. We illustrate this with the Ameriks, Caplin, Leahy, and Tyler (2007) survey, which captures self-control problems through the deviation between self-reported ideal and predicted behavior (Expected Deviation, ED). Previous empirical evidence from high income or highly educated populations correlates larger ED with worse outcomes. We theoretically show that the reverse will be true in settings where awareness can play a large role: when self-control is low and costly commitment devices are available. We empirically show that, for residents of a homeless shelter, ED is positively correlated to savings in shelter lockboxes, a costly commitment device. This correlation is stronger for those likely to experience more self-control problems: individuals with past addiction problems.
Incekara-Hafalir, E. 2015, 'Credit Card Competition and Naive Hyperbolic Consumers', Journal of Financial Services Research, vol. 47, no. 2, pp. 153-175.View/Download from: Publisher's site
© 2014, Springer Science+Business Media New York. I explain the credit card market's observed systematic pricing patterns by examining time-inconsistent consumers. I find that time inconsistency steers the competition from long-term borrowing contingent prices to short-term noncontingent ones. This pattern occurs because the consumer in the contracting period underestimates the future charges, and therefore pays attention only to short-term price elements, such as annual fees. The consumer's risk of default also plays a role in determining who gets which contract.
Incekara-Hafalir, E. & Stecher, J.D. 2012, 'An Experimental Test of Theories of Behavior in Allais-Type Tasks', SSRN Electronic Journal.View/Download from: Publisher's site