Dr Keyu Wu

The Behavioral Economics area is headed by Ernst Fehr (University of Zurich) and Klaus M. Schmidt (LMU Munich). The area sheds light on the driving forces, biases and motivations behind the decisions of economic agents, including investors, borrowers, consumers, and institutions. It explores the limits of rationality in such decisions and their effects upon markets, policies and resource allocation. Among the aspects to be examined are the roles of social preferences and boundedly rational behavior in decisions under uncertainty and intertemporal choice.