Objective
During the last two decades a growing number of empirical studies have revealed widespread
violations of key assumptions that underlie conventional economic theory, violations which result in
outcomes that are markedly different from those generated by the conventional theory. This has led to
a search for psychological principles that complement or, if necessary, replace these conventional
assumptions in order to improve the explanatory power of economic models. Important empirical and
theoretical issues are, however, still unresolved.
The proposed network aims to advance this emerging field of behavioural economics in Europe and
provide high quality training and a transfer of knowledge to young researchers just entering the field.
The network will facilitate the development of a critical mass of the brightest young researchers by
concentrating the currently highly fragmented expertise in Europe. It will bring together economists and
psychologists, and foster the collaboration between theoretical and empirical researchers.
The network will enrich our understanding of economic behaviour through (1) the generation of robust
evidence on the psychological determinants of economic behaviour, (2) the incorporation of these
behavioural principles into rigorous economic models, and (3) the elaboration and empirical testing of
the economic implications of these models. The network will launch projects in the following three
areas: incentives, dynamic choice, and institutions and aggregate outcomes of social interaction.
These areas represent fundamental issues which economic theory aims to address, and there is
evidence from both psychology and experimental economics that these are particularly promising lines
of research at this moment. The network comprises leading centres of research in Europe. In addition,
the network will be strengthened by the participation of two teams from the United States, including
some of the most eminent...
Fields of science
Call for proposal
FP6-2002-MOBILITY-1
See other projects for this call
Funding Scheme
EIF - Marie Curie actions-Intra-European FellowshipsCoordinator
19268 AMSTERDAM
Netherlands