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Strategic U-Turns between the EU and Russia: Explanatory Prospects of Prospect Theory

Objective

"The project attempts to test the potential of prospect theory in explaining the strategic choices of countries located in the common neighbourhood between the European Union (EU) and Russia. Under what conditions ruling elites in Eastern Partnership (EaP) countries select EU or Eurasian Economic Union (EaEU) as integration projects? The theoretical expectation is that different values of gains and losses, judged against a given ""reference point"", are associated with one or another integration project and may be at work in the selection of strategic choices of EaP countries. Prospect theory, a Nobel Prize-winning theoretical construct, has roots in cognitive psychology, but it has uncovered its extraordinary potential to explain decisions under conditions of uncertainly and risk in behavioural economics. The attempts of importing the insights of prospect theory into political science are slowly growing, but there is yet a long way ahead until political science will fully integrate them into its ontological agenda. The proposed project is going to be a pioneering application of prospect theory to the strategic alternatives faced by countries located in the common neighbourhood between the EU and Russia."

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.

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Programme(s)

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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.

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.

MSCA-IF-EF-ST - Standard EF

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-MSCA-IF-2016

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Coordinator

KING'S COLLEGE LONDON
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 195 454,80
Address
STRAND
WC2R 2LS London
United Kingdom

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Region
London Inner London — West Westminster
Activity type
Higher or Secondary Education Establishments
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Total cost

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.

€ 195 454,80
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