Applications now open for PhD Workshop – Experimental Development Economics: Lab in the Field.

Applications are now open for the University of East Anglia’s 4th annual PhD Workshop – Experimental Development Economics: Lab in the Field.  The workshop will take place on Sunday 3 April 2016 from 8.30am to 7pm at the UEA Campus, Norwich Research Park, Norwich, NR4 7TJ. The workshop is for current and prospective PhD students who are using …

The Strangeness of Tradition

In case you missed it, it’s well worth listening again to this episode of the Human Zoo (series 7), first broadcast on BBC Radio 4 on 22 December 2015.  Hear NIBS Co-Investigator’s Nick Chater (University of Warwick) and Bob Sugden (University of East Anglia) talk about “The Strangeness of Tradition“. Christmas is the time of year …

Regret Theory: Looking Back, Looking Forward

In 1982, the Economic Journal published a paper by Graham Loomes and Robert Sugden proposing an alternative theory of rational choice under uncertainty called regret theory.  A special anniversary session discussed the history of the theory, its success relative to other approaches, its applications and empirical evidence.  In this video clip NIBS Co-Investigator, Robert Sugden, …

Choice Rules and Accumulator Networks by Sudeep Bhatia

Decision makers often use sophisticated rules to make their decisions. For example, when trying to evaluate two objects they may look at a single attribute and choose the object that is best on that attribute. Alternatively, they may try to examine all attributes, and then add up these attributes to determine the total desirability of …

Warwick Business School – Second Nudgeathon

On the 14th and 15th of September 2015, the second Nudgeathon, a behavioural change competition founded by the Warwick Business School, will take place at The Shard in London. Nudgeathon, as its name implies, is a nudging marathon. The main objective of the event is to develop implementable solutions to a given social issue. The idea …

Intertemporal Choice Workshop

Forty scholars from across the NIBS network and further afield met in Warwick to generate and discuss ideas related to intertemporal choice. Organised by the Intertemporal Choice mini-network in NIBS, the conference was set up to foster collaboration between researchers from different institutions, and to promote policy-focused research ideas tackling the issues related to choice …

Co-ordination Workshop Report by Emily Wyman

When individuals, groups, or even nations desire to act together to achieve something that none can achieve alone, they must often negotiate between multiple ways of accomplishing this.  Typically, this will require some form of shared knowledge of the situation, a degree of assurance between parties, or some complex reasoning about what others are likely …

Two new papers on ‘virtual bargaining’ as a foundation for social interaction, culture, and society

In social interactions people often act jointly: they take turns in conversations, coordinate their actions in rowing, football or improvised dance, perform complementary tasks in cooking, assembling furniture, or, perhaps, even in elementary economic transactions. But how do such joint actions work? And how, in particular, do people successfully coordinate with each other, without explicit …

Why we need behavioural economics

‘It took decades for behavioural economics to break into the mainstream. Now, after just a few years of “bias”, “anchoring” and “nudge”, some critics are already questioning whether it has anything left to offer.’ Chris Starmer, Director of NIBS and CeDEX discusses why we need behavioural economics in ‘The Conversation‘ (published online 28 July 2014)

Risk Taking and Information Aggregation in Groups

Spiros Bougheas, Jeroen Nieboer and Martin Sefton report an experiment examining risk taking and information aggregation in groups in CeDEx Working Paper 2014-09. Group members come to the table with an individual preference for a choice under risk, based on privately received information, and can share this information with fellow group members.  They then make a decision under risk …