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Daniel Sgroi

Personal Website
Curriculum Vitae

Contact details

Telephone: +44 (0)24 765 75557

Fax: +44 (0)24 765 23032

Email: Daniel dot Sgroi at warwick dot ac dot uk

Room: S2.101

Advice & feedback hours: Tue 1000-1200 (term 1). Appointment bookings here.



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CAGE, Warwick

EBERG, Warwick

CRETA, Warwick

DR@W, Warwick

Nuffield College, Oxford

CESS, Oxford

World Wellbeing Panel, LSE

IZA, Bonn


PhD Students

The Industrial Economy: Strategy (EC132)

Experimental Economics (EC984)

Behavioural & Economic Science Project (PS916)

WATE commendee


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Professor of Economics

Theme Leader, ESRC CAGE Centre
Co-ordinator, Experimental & Behavioural Economics Research Group
Associate Member, Nuffield College, Oxford
Research Fellow, IZA Institute of Labor Economics, Bonn

Research Interests

  • Behavioural & Experimental Economics, Subjective Wellbeing
  • Economic Theory, Game Theory, Social Learning

Daniel’s early work was on learning and games, with applications to industrial organisation and finance, but always included a mixture of theory and experimental methods. More recently he has been working at the borders with psychology, attempting to understand how psychological traits, cognitive biases, mood, language and beliefs affect behaviour.

Daniel leads Theme 3 of the ESRC-funded CAGE centre which seeks better ways to understand and measure subjective wellbeing ("happiness") and related behavioural concepts and is Co-ordinator of the Experimental and Behavioural Economics Research Group in the economics department. Daniel is also a member of the World Wellbeing Panel based at the LSE, an Associate Member of Nuffield College in the University of Oxford and a Research Fellow at the IZA Institute of Labor Economics in Bonn.

To find out more about Daniel and his research please visit his personal website.

Selected Research

Selected Publications

The Effect of Positive Mood on Cooperation in Repeated Interaction, forthcoming in the Journal of Economic Behavior & Organization, with Eugenio Proto & Mahnaz Nazneen.

Historical Analysis of National Subjective Wellbeing using Millions of Digitized Books, forthcoming in Nature: Human Behaviour, with Thomas Hills, Eugenio Proto and Chanuki Seresinhe. This paper has generated significant media interest, see here.

Biased Beliefs and Imperfect Information, Journal of Economic Behavior & Organization 136: 186-202, 2017, with Eugenio Proto. Final published version here.

Happiness and Productivity, Journal of Labor Economics 33(4): 789-822, 2015 (lead article) with Andrew Oswald & Eugenio Proto. This paper has been cited in the media over 200 times, see here (ongoing reactions) and here (initial reactions). Final published version here.

How Should Peer Review Panels Behave? Economic Journal 123(570): 255-278, 2013, with Andrew Oswald. Final published version here.

The Optimal Choice of Pre-launch Reviewer, Journal of Economic Theory 147(3): 1247-1260, 2012, with David Gill. Final published version here.

Herding, Contrarianism and Delay in Financial Market Trading, European Economic Review 56: 1020-1037, 2012, with Andreas Park. Final published version here.

Are Happiness and Productivity Lower among University Students with Newly-Divorced Parents? Experimental Economics 15(1): 1-23, 2012 (lead article) with Andrew Oswald & Eugenio Proto. Final published version here.

Learning to Play 3x3 Games: Neural Networks as Bounded-Rational Players, Journal of Economic Behavior & Organization 69(1): 27-38, 2009, with Daniel J. Zizzo. Final published version here.

Sequential Decisions with Tests, Games & Economic Behavior 63(2): 663-678, 2008, with David Gill. Final published version here.

The Right Choice at the Right Time: A Herding Experiment in Endogenous Time, Experimental Economics 6(2): 159-180, 2003. Final published version here.

Optimizing Information in the Herd: Guinea Pigs, Profits and Welfare, Games & Economic Behavior 39(1): 137-166, 2002. Final published version here.

Recent Working Papers

Small Talk and Theory of Mind in Strategic Decision-Making, CAGE Working Paper No. 409, 2019, with Neha Bose.

Ignoring Good Advice, CAGE Working Paper No. 359, 2018, with David Ronayne.

When Herding and Contrarianism Foster Market Efficiency: A Financial Trading Experiment, CRETA Discussion Paper 17, 2016, with Andreas Park.

Full list of publications, working papers & work in progress