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Challenges for Modelling Individual Decision Making and the Implications for Public Policy

Challenges for Modelling Individual Decision Making and the Implications for Public Policy

23 - 24 April 2026

About

This two-day workshop is on the occasion of the semi-retirement of Professor Graham LoomesLink opens in a new window from his position as Professor of Behavioural Science at Warwick Business School. Graham is one of the most respected and highly cited researchers in behavioural science and a Fellow of the British AcademyLink opens in a new window. He has made many major contribution to the theoretical and empirical analysis of people’s values, judgements and decisions.

Graham is noted above all for being one of the great interdisciplinary figures in our field. He has consistently incorporated psychological insights into rigorous models of economic behaviour including the hugely influential development of regret theory which remains a key alternative approach to expected-utility for understanding choice under uncertainty, and subsequent work modelling preference reversals and violations of standard rationality assumptions. His work is also known for its many significant policy applications to health, safety, and environmental issues.

The event will bring together leading scholars from across psychology and economics who have been influenced by Graham’s work. The event is designed to generate forward-looking dialogue among researchers working at the intersection of psychology, behavioural science, experimental economics and public policy. Speakers will examine themes central to Graham's work - including choice under risk and over time, preference construction, measurement of noise and value, and behavioural insights for societal challenges - while exploring emerging directions for research and cross-disciplinary collaboration.

Event Details

Date: 23 - 24 April 2026

Location: M2, WBS Teaching Centre, Warwick Business School

Joining Online:
Please follow the links for each session in the programme below
Attending In Person:
Spaces are limited. Please complete the registration form by 15 April to secure your place.

Please select "[Behaviour] 23 -24 APRIL 2026 - Challenges for Modelling Individual Decision Making and the Implications for Public Policy" on the registration form.

The deadline for booking your place is 15 April.

Programme

10:30–10:50

Arrival & Refreshments

10:50–11:00

Welcome

Session 1 · Chair: Robin Cubitt (University of Nottingham) – Join online

11:00–11:45

Bob Sugden (University of East Anglia)

What's the use of stated preference data?

11:45–12:30

Chris Starmer (University of Nottingham)

Does visualising lottery attributes affect risk preferences?

12:30–13:20

Lunch

Session 2 · Chair: Ash Luckman (University of Leicester) - Join onlineLink opens in a new window

13:20–14:05

Ian Bateman (University of Exeter)

Bringing biodiversity into economic and policy decision making: Contrasting stated preference methods with target and cost analysis (TCA)

14:05–14:50

Nick Chater (University of Warwick) [remote]

The plural of choice is agreement

14:50–15:05

Break

Session 3 · Chair: Tim Mullett (University of Warwick) - Join onlineLink opens in a new window

15:05–15:50

Sudeep Bhatia (University of Pennsylvania)

Meta-meta-decision Theory

15:50–16:35

Lukasz Walasek (University of Warwick)

Incommensurability and the Structure of Everyday Choices

16:35–17:00

Break

Session 4 · Chair: Robert Stueber (University of Warwick) - Join onlineLink opens in a new window

17:00–17:45

Paul Slovic (University of Oregon) [remote]

When Rationality Fails: Rethinking Nuclear Weapons Policy Through the Psychology of Risk and Decision Making

17:45–18:30

George Loewenstein (Carnegie Mellon University) [remote]

Emotions and Preferences

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