Risk, Time and Society: The Behavioural Economics of Value

The Leverhulme Trust Award has been granted to a team of economists and psychologists in the Behavioural Science group of WBS and in the Department of Psychology to undertake a programme of work to understand how humans arrive at valuations of goods and services in the present and in the future.

Methods

Lab-based Experimental Economics
Online surveys

Research Quetsions

How do people evaluate alternatives involving risk and uncertainty?
How do people make trade-offs between present and future?
How do individuals' attitudes to time and risk and other social objectives feed into social policy?

People

Graham Loomes
Principal Investigator

Nick Chater
Co-investigator

Daniel Read
Co-investigator

Neil Stewart
Co-investigator
(Psychology)

Rebecca McDonald
Research Fellow

Lukasz Walasek
Research Fellow

Zhihua Li
Research Fellow

This project is funded by the EPSRC, as part of the Global Research Priorities: Behavioural Science programme.