Project description
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.
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 (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
- humanities philosophy, ethics and religion philosophy
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
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.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.4.b. - Twinning of research institutions
MAIN PROGRAMME
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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.
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.
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.
CSA - Coordination and support action
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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.
(opens in new window) H2020-WIDESPREAD-2018-2020
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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.
12616 Tallinn
Estonia
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.