Objective
"Behavioral economics aims at explaining the growing number of puzzling stylized facts about economic behavior. The distributional concerns are considered one of the sources of the deviations from rational behavior. Preferences over the beliefs of others is the other one. In existing literature only specific environments are studied under simplifying assumptions. This fragmented knowledge can potentially lead to bad policy decisions. In this project we plan to 1) create the state-of-the-art mathematical model that would allow to easily formulate hypotheses about the interaction between two sources of behavior and 2) conduct experiments using Magnetic Resonance Imaging (MRI) technology that makes it possible to distinguish between the two types of preferences. The MRI approach in indispensable as it allows to falsify hypotheses that are hard to distinguish with only behavioral data.
The researcher has obtained his PhD in Economics from the University of Minnesota where he has received an outstanding training in economics, mathematics, experimental techniques, neuroscience and MRI technology. He has participated in all phases of two experimental MRI projects that gave him the best possible expertise in how to conduct MRI research. In addition his other specialization is theoretical game theory which will be used in the first part of the project. Maastricht University is currently one of the best schools in EU where such complicated research can be conducted. Department of Economics has all means necessary to fulfill the needs for the first part of the project. World famous researchers like Jean-Jacques Herings, Arno Riedl and Martin Strobel have the best expertise in the areas of economics that are needed. Faculty of Psychology and Neuroscience provides one of the best facilities for MRI research in Europe. Economics and Psychology faculties work in tight connection which will make it possible for the researcher to apply his expertise in MRI research efficiently."
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences biological sciences neurobiology
- social sciences economics and business economics
- social sciences psychology
- natural sciences mathematics applied mathematics game theory
- natural sciences mathematics applied mathematics mathematical model
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
FP7-PEOPLE-2010-RG
See other projects for this call
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
6200 MD Maastricht
Netherlands
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.