Skip to main content
Go to the home page of the European Commission (opens in new window)
English English
CORDIS - EU research results
CORDIS

Topics in Behavioral-Economics Theory

Objective

This proposal outlines projects that span a diverse set of specific topics in both the foundational and the more
applied parts of behavioral-economics theory.

In the foundational projects, I will develop broadly applicable models of individual decisionmaking that
incorporate psychologically realistic assumptions about individuals, and that can be used by myself and
others to study the implications of psychological phenomena for economic outcomes. I will (i) provide an
attention-based theory of several central and hitherto unmodeled aspects of mental accounting; (ii) analyze
the implications of overconfidence about one’s ability or prospects for learning about other economically
important variables; and (iii) incorporate into economic settings, and explore some consequences of, the
idea that self-esteem— our feelings about ourselves—may be exceedingly fragile.

In the more applied projects, I will use psychologically realistic models to shed light on important economic
issues regarding markets and organizations. I will (i) identify market outcomes and especially welfareincreasing
regulations when consumers with limited attention make tradeoffs between “browsing” more
products superficially and “studying” fewer products in detail; (ii) use a contract-theoretic approach to help
understand and possibly undermine organizations that pursue goals its members oppose; (iii) analyze the nature
and consequences of procrastination when a person’s alternative choices are supplied by the market; (iv)
explore the potential for a policy framework centered around informed consent to address privacy concerns
in a market where some consumers are naive about product offers; and (v) investigate the implications of
financial choice and financial information in a market for retail securities when investors do not understand
that issuers are utilizing superior information in designing offers.

Keywords

Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)

Programme(s)

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.

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.

ERC-ADG - Advanced Grant

See all projects funded under this funding scheme

Call for proposal

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

(opens in new window) ERC-2017-ADG

See all projects funded under this call

Host institution

FORSCHUNGSINSTITUT ZUR ZUKUNFT DERARBEIT GMBH
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.

€ 592 555,00
Address
SCHAUMBURG LIPPE STRASSE 7-9
53113 Bonn
Germany

See on map

SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Nordrhein-Westfalen Köln Bonn, Kreisfreie Stadt
Activity type
Research Organisations
Links
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.

€ 592 555,00

Beneficiaries (2)

My booklet 0 0