Objective
This interdisciplinary proposal combines economic and psychological approaches to decision making. Economic theory makes strong predictions about how people should behave in different choice situations. In the ultimatum game, a situation of interpersonal decision making studied extensively by economists, people's behaviour deviates dramatically from economic theory. We propose three experiments that use a psychological theory (Regret Theory) to understand this "anomaly". The research is innovative in that it is the first application of main stream psychological theory to the ultimatum game, and is the first test of Regret Theory in interpersonal decision making.
The University of Sussex is a centre of excellence on decision making. Dr. Beattie is an internationally respected researcher and has several links with leading British and European psychologists and economists, working on decision making. The applicant (Zeelenberg) will benefit greatly from extending the already existing collaboration with Dr. Beattie.
Fields of science (EuroSciVoc)
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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
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Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
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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
BN1 9QG BRIGHTON / FALMER
United Kingdom
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.