Organized by:
- B. Douglas Bernheim, Stanford University
- John Beshears, Harvard University
- Vincent Crawford, University of Oxford
- David Laibson, Harvard University
- Ulrike Malmendier, University of California, Berkeley.
This workshop will focus on recent research in behavioral economics. While the standard model of economic decision-making has proven useful in a wide variety of settings, its limitations are also well-documented. The field of behavioral economics seeks to enrich the standard model, thereby improving its descriptive and predictive accuracy, by incorporating insights from Psychology and other disciplines, and to examine the implication of those enriched models for a wide variety of important economic issues, such as the effects of policies affecting spending, saving, labor supply, and investment. While considerable progress has been made in this subfield, our theoretical and empirical understanding of economic behavior remains incomplete.
