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Economics

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Doctoral Dissertation Research in Economics: Belief Formation and Choice in Games: An Experiment

Much of economic analysis is based on the idea that economic agents respond to incentives and that they will increase their effort to understand the consequences of their actions in order to make the right decisions. This research project will use laboratory experiments to test whether increasing the size of reward or punishment (stakes henceforth) while considering how others will react affect the effort one puts into studying the environment before s/he makes the decision. The research will answer the following questions: (i) does the size of stakes affect people?s choices and beliefs?

Imprecise Inference from Sequentially Presented Evidence

Understanding how people make decisions is crucial to advancing our understanding of economic mechanisms. Rational-choice theory, despite successes in accounting for some aspects of human decision making under uncertainty, fails to capture certain recurrent patterns observed in behavior, such as biases and apparent randomness in choices. Some of these deviations from optimal behavior suggest that information is processed in the brain in a way that introduces imprecision, similar to the imprecision in sensory perception.

Credibility in Persuasion

This award funds research in economic theory. The research team seeks to use tools from game theory to model and analyze situations in which persuasion, credibility, and information design are important. In many different kinds of economic (and social) interactions, one or more parties provides information to others, but also has an interest in the outcome. For example, a firm marketing a new product provides information about the product's features and benefits to possible buyers, but obviously the firm also wants to make the sale.

Exploratory Research Grants

The Private Enterprise Development in Low-Income Countries (PEDL) programme pursues a research agenda that aims to better understand what determines the strength of market forces driving efficiency in Low-Income Countries (LICs). Existing research suggests that the private sector in LICs faces a multitude of constraints that act upon each other. What is needed is research that allows us to understand how these constraints interact.

Deadline: 

Wednesday, July 31, 2019

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