Paul Seabright, 18 May 2012

Paul Seabright of the Toulouse School of Economics talks to Viv Davies about his book, "The War of the Sexes: how conflict and cooperation have shaped men and women from pre-history to the present”. He explains how game theory can shed light on the complex dynamics that create both conflict and cooperation between the sexes. They discuss the connection between the rise of modern capitalism and the rise of feminism, monogamy and marriage and whether there will ever be sexual equality.

James Choi, Emily Haisley, Jennifer Kurkoski, Cade Massey, 28 March 2012

As if today’s problems aren’t enough, in the coming years Europe faces what economists are calling a ‘demographic timebomb’, with ageing populations placing an unsustainable burden on already precarious public finances. In order to encourage more people to save for themselves, this column argues that using a psychological intervention can increase contributions to retirement savings accounts by up to 2.9% of income.

Jesús Fernández-Villaverde, Nezih Guner, Jeremy Greenwood, 19 January 2012

Does shame impact teenage sexual behaviour in modern times, when contraception is readily available? Do peers matter for this behaviour? What is the relative importance of each of these forces? This columns aims to answer these questions using a survey covering 90,000 US high-school students. It argues that shame is an important driver of sexual behaviour among teenagers even when peer-group effects are considered.

Gábor Kézdi, Robert Willis, 19 December 2011

How to ordinary people form their beliefs about the economy? These beliefs then shape the decisions they make and can, if widely held, prove to be self-fulfilling. This column looks at surveys of ordinary people in the US and finds that the beliefs people hold and the reasons behind them vary almost as much as the outcomes they try to predict.

Andrew Healy, 09 December 2011

At this week’s summit on the future of the euro, Angela Merkel will be one of few women in a room full of men. This column provides experimental evidence to suggest that women are often less driven by the desire to compete and have less belief in their abilities than men. The result is that even the highest ranks of power may be bereft of the most able of candidates.

Diane Coyle, 03 December 2011

Have economists been asleep at the wheel? This column reports from a conference on the psychology and economics of ‘scarce attention’. Among the ideas discussed is whether too much information can blind decision-making and whether this can explain why so many economists missed the warning signs of a crisis.

Chris Ellis, John Fender, 26 October 2011

For the Arab Spring it was Twitter; for the summer riots in London it was BlackBerry Messenger. This column explores how the latest technology is helping to accelerate ‘information cascades’, where people make decisions based on what they see other people doing – and getting away with.

Giacomo Calzolari, Mattia Nardotto, 19 September 2011

Do 'nudges' help people stick to their goals? The authors of CEPR DP8571 find that quick reminders can promote virtuous behaviour without the need for monetary incentives.

Stefan Trautmann, Razvan Vlahu, 28 August 2011

One of the most iconic images from the subprime mortgage crisis in 2007 was the queue of people outside the British bank Northern Rock demanding their deposits back. This column uses experimental evidence to discuss another type of bank run – a borrower run – when mortgage holders strategically default on their loans.

Claus Jørgensen, Sigrid Suetens, Jean-Robert Tyran, 22 April 2011

Japan’s trio of tsunami, earthquake, and nuclear disaster has left the world stunned. As this column points out, even the experts were shocked. But while these events were highly unlikely, they were still possible. This column uses evidence from the Danish lottery to show that people tend to adjust their expectations of future events based on only small pockets of recent experience, often at their cost.

Jeremy Goldhaber-Fiebert, Alan Garber, 22 February 2011

Obesity – and its related illnesses – endangers the lives of millions across the world. While healthier, more physically active lifestyles can mitigate this, the question remains of how policymakers can get people to switch from being couch potatoes to keen runner beans. This column presents new evidence suggesting that for many even a nudge may suffice.

James Andreoni, Justin M Rao, 16 December 2010

At a time when many people are asking themselves what to give their friends and family for Christmas, this column asks why we bother to give anything at all. In the economic laboratory, subjects exhibit significant levels of altruistic giving and aversion to unfairness. Outside the laboratory however, we encounter vast amounts of poverty and inequality and yet only give a tiny fraction of our income to charity.

Juan Carrillo, Isabelle Brocas, 18 March 2010

Why do people persistently make seemingly irrational decisions? This column introduces neuroeconomic theory, which uses neuroscience and neurobiology to try to shed light on the black box of human decision-making.

Dimitri Vayanos, Paul Woolley, 05 October 2009

Have capital market booms and crashes discredited the efficient market hypothesis? This column says yes and suggests a new model that explains asset pricing in terms of a battle between fair value and momentum driven by principal-agent issues. Investment agents’ rational profit seeking gives rise to mispricing and volatility.

Anne Sibert, 18 May 2009

Greedy bankers are getting most of the blame for the current financial crisis. This column explains bankers did behave badly for mainly three reasons. They committed cognitive errors involving biases towards their own prior beliefs; too many male bankers high on testosterone took too much risk, and a flawed compensation structure rewarded perceived short-term competency rather than long-run results.

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Events

  • 17 - 18 August 2019 / Peking University, Beijing / Chinese University of Hong Kong – Tsinghua University Joint Research Center for Chinese Economy, the Institute for Emerging Market Studies at Hong Kong University of Science and Technology, the Guanghua School of Management at Peking University, the Stanford Center on Global Poverty and Development at Stanford University, the School of Economics and Management at Tsinghua University, BREAD, NBER and CEPR
  • 19 - 20 August 2019 / Vienna, Palais Coburg / WU Research Institute for Capital Markets (ISK)
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  • 9 - 14 September 2019 / Guildford, Surrey, UK / The University of Surrey

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