Symposium: Cognitive underpinnings of economic behavior

Date: June 10,

Location: University of Amsterdam

With the advent of behavioral economics, the field of economics has taken steps towards increasing the psychological realism of their models and their underlying assumptions. This approach has been successful at generating new research agendas in economics (including the development of new interdisciplinary fields such as Neuroeconomics and Psychoeconomics), and has received significant attention from the general public and policy makers. 

From a broader scientific perspective however, behavioral economics remains poorly integrated with other cognitive sciences. Economics has largely developed separately from other sciences studying cognitive processes of attention and consciousness. This leaves a wealth of research in Psychology, Cognitive Science and Neuroscience that has already been conducted on this topic untapped. This separation of the discipline of economics has prevented the development of general principles that are rooted in a realistic vision of human cognition, as well as impeding the spread of methodological advances. Furthermore, within the field of economics, traditional economists frequently perceive behavioral economics as an unstructured collection of many separate and disconnected findings and theories. This has prevented many important insights from behavioral economics to make it into the undergraduate curriculum at economics universities, which continues to be based on traditional approaches.

What is needed, therefore, is an interdisciplinary effort to integrate behavioral economics with cognitive science and establish efficient communication across disciplines. This is the ideal way to produce a robust foundation for models of decision making relating to risk taking, intertemporal choice and social (other-regarding) behavior.

This one-day workshop will bring together experts from several disciplines (behavioral economics, neuroscience and cognitive psychology) to discuss the cognitive foundations of economic choice. The aim is to provide a framework that allows in-depth debate leading to the development of unifying principles underlying behavioral phenomena. In this way, we aim to strengthen the link of behavioral economics to other, related sciences and thereby to establish a more secure footing for behavioral economics research and theory.

The workshop is linked to the subsequent conference of the Association of NeuroPsychoEconomics taking place at UvA on June 11-12:

Organizers:

Confirmed speakers:

Pedro Bordalo (University of Oxford)

Susann Fiedler (MPI Bonn)

Ian Krajbich (Ohio State University)

Tali Sharot (University College London)

Nicolette Sullivan (London School of Economics and Political Science)

Jan Theeuwes (Vrije Universiteit Amsterdam)

Filip Matejka (Charles University)


Sponsors:


University of Amsterdam
Tinbergen Institute
Amsterdam brain & cognition

Dutch Science Foundation
Research Priority Area Behavioral Economics

Jan Engelmann


Giorgia Romagnoli

Joël van der Weele


Simon van Gaal