Behavioural and experimental economics
Standard economic models assume people make rational decisions that prioritise their own needs and interests. Our research in behavioural and experimental economics extends this view by looking at how psychological, emotional and social factors affect economic decision making.
Some of the issues we explore include whether people make riskier investments for others, if gender biases influence the labour market, and whether penalties reduce speeding on the motorway. By understanding human behaviour in these contexts, we can help governments create more effective legislation.
We collaborate with researchers from more than 30 institutions in 12 countries, and our research has been funded by the British Academy, the German Science Foundation and the Central Bank of the Netherlands.
We collaborated with the University of Rosario, Colombia to increase public support for projects such as waste incinerators by raising people’s awareness of environmental benefits.
We're working on a joint project with researchers from Radboud University in the Netherlands, funded by the British Academy, to develop a new theoretical framework that improves decision making when decision makers can lie to gain a profit for themselves or others. The findings are likely to have a positive impact in areas such as financial investment, brokerage, tax advice and accountancy.
We're researching how gender bias in teaching evaluations can affect academics’ careers and prevent higher education institutions from making fair hiring decisions.
Recent publication highlights
An experimental study with real-effort tasks (2019). Murad, Z., Stavropoulou, C. and Cookson, G. PLoS One.
Speeding responses to a ‘notched’ penalty scheme (2018). Traxler, C., Westermaier, F. G. and Wohlschlegel, A. Journal of Public Economics, 157, 78-94.
Journal of Economic Psychology, 2019, Sascha Füllbrunn, Dr Wolfgang Luhan
Experimental evidence (2017). Luhan, W., Poulsen, A. and Roos, M. Games and Economic Behavior, 102, 687-699.
Alberti, F. and Cartwright, E. J. Public Choice, 166(1), 205-233.
Discover our areas of expertise
We examine how economics influences the preservation and sustainability of natural resources such as aquatic ecosystems.
Through our research in this area, we're identifying inefficiency and its causes in specific sectors.
Interested in a PhD in Economics?
Browse our postgraduate research degrees – including PhDs and MPhils – at our Economics postgraduate research degrees page.