The aim of the research program was to study how psychological and neuroscientific knowledge about human motivation, emotion and social cognition can inform models of economic decision making in addressing global economic problems. The program sought...

This study analyzes the stability of preferences through the lens of psychological motives. We report the results of a public goods experiment in which subjects were induced with the motives of Care and Anger through autobiographical recall....

One thing emerges clearly from these US Presidential election debates: Personal attacks on the opponent's character, temperament and judgment are steadi

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect theory, the consumers’ perceived utility losses from price increases are weighted more heavily than the perceived utility gains...

George Akerlof und Dennis Snower analyze in their paper the importance of economic narratives.

To stop the fragmentation of our societies and to shape a sustainable economy, we require more than Gross Domestic Product (GDP) and more than shareholder value as guides for governments and businesses. Measuring wellbeing in the 21st century must...