Behavioral and Experimental Economics

Summer School Experimental Economics

The Behavioral and Experimental Economics group has an influential position in this field in the Netherlands and Europe. CREED, the Amsterdam-based group, focuses particularly on three main projects: economics of political decision making; bounded rationality and institutions and experimental economics. The research of the Rotterdam-based group focuses on two broad themes: decision under risk and uncertainty and intertemporal choice.

Cooperative Behavior, Strategic Interaction and Complex Systems

This research group focuses on: (non-)cooperative game theory; nonlinear dynamics and complex systems; bounded rationality, learning and heterogenous expectations; dynamic models of collective behavior and social networks & dynamic optimization.

Econometrics and Operations Research

Research themes: time series econometrics, panel data, Bayesian econometrics, applied econometrics and econometric methodology. Applications can be found in areas as diverse as monetary economics, labor economics, marketing and asset pricing. Some fellows in this group focus on operations research.

Finance

The Finance group at TI spans many of the core fields in finance: asset pricing, corporate finance, financial econometrics, market microstructure, and financial institutions.

Labor, Health, Education and Development

At TI, a large group of fellows works in different areas of labour, health, education and development.

Macroeconomics and International Economics

Fellows in the Macroeconomics and International Economics group carry out research on growth, innovation, international trade and factor mobility, the role of economic geography, banking and monetary economics, and fiscal policy.

Organizations and Markets

The Organizations and Markets (OM) group spans many areas in (applied) microeconomics, including the economics of organizations, industrial organization, entrepreneurship, innovation, and auctions.

Spatial, Transport and Environmental Economics

The STEE group addresses four themes: urban and regional dynamics, land use, transportation, and environment and resources. Many fellows combine policy research with fundamental research.

Collective action sometimes seems to appear from nowhere. For instance, large protests against a particular regime suddenly bring onto the streets thousands of people as during the Arabic Spring. Although the synchronization of actions and the outburst as such might come as a surprise, it is not uncommon that a `sentiment’ against the regime has already been building up under the surface for quite some time. This theme investigates how these sentiments work and in what way the architecture of interaction between people – the social network – influences sudden outbreaks. This class of phenomena is broad, including riot behavior, innovation and rumor diffusion, strikes, consumption network externalities, spread of fashions, migration, sentiments on financial markets, runs on banks, etc. Since communication in society occurs in networks, we investigate what kind of networks tend to display higher volatility in collective action than others.

On a micro level, the question is how to measure the influence of groups of actors to initiate mass-mobilization in a structured society. For example, in reactions to fire alarms, strikes, voting, migration, or diffusion of innovation, it can be instructive to know the most influential individuals. With some information on the social network and threshold distribution, a social planner, a political party, or a firm’s management may be able to actively address the most influential individuals and thus help to prevent or to stimulate action in a given context. This leads to the research question how a policy maker can control or at least influence collective action in a structured society.