Peter Ayton is a Professor of Psychology, Associate Dean of Research and Deputy Dean of Social Sciences at City University of London. His research interests cover behavioural decision theory, risk, uncertainty, affect and well-being. In May, he visited Bocconi University as a part of seminar series co-organised by B.BIAS and BELSS (Bocconi Experimental Lab for Social Sciences) […]
Review of Hawton K., Bergen H., Simkin S., Dodd S., Pocock P., Bernal W., Gunnel D., Kapur N. (2013) Have you ever noticed that sometimes very small obstacles prevent you from completing a task or pursuing an objective? For instance, you might have thought about changing your phone provider since your offer was not convenient […]
Review of the paper by Michael P. Haines (1996) It is well-known that increased alcohol consumption of young people is a persistent problem and college and university students are no exception. The Northern Illinois University (NIU) came up with a solution that has since spread to other US universities and even high schools. It all […]
Even the most expert and talented trader can be misled by human irrationality It is a widespread belief that greed for money has always been driving financial markets since their foundation. Both the fruitful transformations and the toughest crises, which have affected the financial industry, have been strongly guided by the desire of achieving new […]
Part I – Food related nudges Nowadays, non-communicable diseases (such as cardiovascular diseases, chronic respiratory diseases or diabetes) are a serious problem, killing around 38 million people every year according to WHO. An interesting fact about them is that they are often caused by an unhealthy lifestyle – tobacco and alcohol consumption, unhealthy diet and […]
What explains the differences in economic decisions amongst poor and rich individuals? In 2014 Johannes Haushofer and Ernst Fehr, professors at Princeton and Zurich University, respectively, have written the article “On the Psychology of Poverty” for the Science magazine (original version here). They show evidence that poverty causes psychological consequences such as negative affectivity and […]
Judd B. Kessler is an Assistant Professor of Business Economics and Public Policy at The Wharton School, University of Pennsylvania. His research interests cover Experimental Economics, Public Policy and Market Design. In March, he visited Bocconi University as a part of seminar series co-organised by B.BIAS and BELSS (Bocconi Experimental Lab for Social Sciences) and we […]
What is behavioural economics (BE)? After World War II, human rationality became the core hypothesis of neo-classical economics. Even though “rationality” can have different meanings, it is very precisely defined for the economists – an assumption that we all maximise our utility functions. To this end, we take into account all the available information, think […]
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B.BIAS 