Project description DEENESFRITPL Shedding light on the personal side of economics Economics, finance, practical philosophy and neuroscience scholars are coming together in a multidisciplinary setting to study individual behaviour and economic performance. More precisely, they will focus on the economic outcomes of prevalent individual differences in cognitive capacity and neurophysiology. The EU-funded IBEP project, led by Tallinn University of Technology in Estonia, in collaboration with Aalto University and the University of Helsinki in Finland and Tel Aviv University in Israel, will build on a societally challenging research field, advanced contemporary research methodology and cost-efficient knowledge transfer activities for long-lasting effects in research excellence. The project's findings will highlight the importance of better economic policies and institutions that take into account the differences between people as well as their different responses to policy measures, leading to better utilisation of human capital endowment and enhanced economic performance. Show the project objective Hide the project objective Objective Individual Behaviour and Economic Performance: Methodological Challenges and Institutional Context is a project led by Tallinn University of Technology (TalTech, Estonia) in collaboration with internationally leading counterparts Aalto University (Finland), University of Helsinki (Finland) and Tel Aviv University (Israel). The project aims at networking between the partners for research capacity building at TalTech and achievement of lasting synergies in the consortium in the academically and societally promising area of generating a better understanding of linkages between individual behaviour and economic performance. Behavioural economics has deepened our understanding of various deviations from rationality in economic performance. Economic outcomes of prevalent individual differences in cognitive capacity and neurophysiology as well as in beliefs and preferences warrant further investigation. Moreover, better designed economic policy and institutions, which take into account that people are different and their wellbeing responds differently to any given policy measures, leads to better utilisation of human capital endowment and enhanced economic performance. The project is a joint effort of economics, finance, practical philosophy and neuroscience scholars, where several internationally highly renowned professors work under a comprehensive set of networking and capacity building activities together with established and early stage researchers in a stimulating multidisciplinary setting. The cohesive consortium provides a unique platform for achieving novelty and excellence in research and developing the research profile of TalTech and its team by integrating TalTech and the partners into a highly functional and unique interdisciplinary partnership. The value of the project builds on a societally challenging research field, advanced contemporary research methodology and cost-efficient knowledge transfer activities for long-lasting effects in research excellence. Fields of science natural sciencesbiological sciencesneurobiologysocial scienceseconomics and businesseconomics Keywords behavioural economics behavioural finance methodology of economics institutions neurosciences interdisciplinary individual differences Programme(s) H2020-EU.4.b. - Twinning of research institutions Main Programme Topic(s) WIDESPREAD-05-2020 - Twinning Call for proposal H2020-WIDESPREAD-2018-2020 See other projects for this call Sub call H2020-WIDESPREAD-2020-5 Funding Scheme CSA - Coordination and support action Coordinator TALLINNA TEHNIKAÜLIKOOL Net EU contribution € 400 000,00 Address Ehitajate tee 5 12616 Tallinn Estonia See on map Region Eesti Eesti Põhja-Eesti Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 0,00 Participants (3) Sort alphabetically Sort by Net EU contribution Expand all Collapse all HELSINGIN YLIOPISTO Finland Net EU contribution € 150 000,00 Address Yliopistonkatu 3 00014 Helsingin yliopisto See on map Region Manner-Suomi Helsinki-Uusimaa Helsinki-Uusimaa Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 0,00 AALTO KORKEAKOULUSAATIO SR Finland Net EU contribution € 200 000,00 Address Otakaari 1 02150 Espoo See on map Region Manner-Suomi Helsinki-Uusimaa Helsinki-Uusimaa Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 0,00 TEL AVIV UNIVERSITY Israel Net EU contribution € 150 000,00 Address Ramat aviv 69978 Tel aviv See on map Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 0,00
