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During the last two decades a growing number of empirical studies have revealed widespread violations of key assumptions that underlie conventional economic theory, violations which result in outcomes that are markedly different from those generated by the conventional theory. This has led to a search for psychological principles that complement or, if necessary, replace these conventional assumptions in order to improve the explanatory power of economic models. Important empirical and theoretical issues are, however, still unresolved.
The proposed network aims to advance this emerging field of behavioural economics in Europe
and provide high quality training and a transfer of knowledge to young researchers just
entering the field. The network will facilitate the development of a critical mass of the
brightest young researchers by concentrating the currently highly fragmented expertise in Europe.
It will bring together economists and psychologists, and foster the collaboration between
theoretical and empirical researchers. more….
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