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The network will enrich our understanding of economic behaviour through (1) the generation of
robust evidence on the psychological determinants of economic behaviour, (2) the incorporation
of these behavioural principles into rigorous economic models, and (3) the elaboration and
empirical testing of the economic implications of these models.
The network will launch projects in the following three areas: incentives, dynamic choice, and
institutions and aggregate outcomes of social interaction. These areas represent fundamental
issues which economic theory aims to address, and there is evidence from both psychology and
experimental economics that these are particularly promising lines of research at this moment.
The network comprises leading centres of research in Europe. In addition, the network will be
strengthened by the participation of two teams from the United States, including some of the
most eminent economists and psychologists in the field.
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