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Is the Process as Important as the Outcome? An Experimental/Theoretical Investigation of Procedural Decision Making Models.

Project Description

Over the recent year there has been a huge development of data enrichment techniques in experimental economics, such as the measurement of response time and eye-tracking. Such techniques have contributed to shed light on the processes that lead economic agents to make decisions, such as financial investment decisions and bargaining strategies in negotiations. Data enrichment techniques have also helped to formulate more precise predictions relative to purely outcome-based analyses. The goal of this project is to investigate theoretically/experimentally procedural models of decision-making by making use of data enrichment techniques with the objective of improving the predictive power of economic theories and, ultimately, provide more accurate advice to policy-makers.

Applicants interested in this research project should submit a more detailed research proposal (of a maximum of 2000 words)

Funding Notes

This project is funded by a University of Aberdeen Elphinstone Scholarship. An Elphinstone Scholarship covers the cost of tuition fees, whether Home, EU or Overseas. Selection will be made on the basis of academic merit.

Related Subjects

How good is research at Aberdeen University in Business and Management Studies?

FTE Category A staff submitted: 13.30

Research output data provided by the Research Excellence Framework (REF)

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