Research
Members of CeDEx undertake research on individual and strategic decision-making using a combination of theoretical and experimental methods. On the theory side, members of the Centre investigate individual choice under uncertainty, cooperative and noncooperative game theory, as well as theories of psychology, bounded rationality and evolutionary game theory. Members of the Centre have applied experimental methods in the fields of Public Economics, Individual Choice under Risk and Uncertainty, Strategic Interaction, and the performance of auctions, markets and other economic institutions.
Core CeDEx activities span three broad themes:
- Methodology
- Individual decision making
- Strategic decision making
CeDEx research has been funded by grants from the ESRC, the Leverhulme Trust, the British Academy and the Nuffield Foundation.
Our research has been published in leading international journals including American Economic Review, Science, American Political Science Review, Economic Journal, European Economic Review, Games and Economic Behavior, Management Science, Nature, Journal of Public Economics, Quarterly Journal of Economics and Review of Economic Studies, as well as in leading field journals.
The Centre publishes its own discussion paper series and runs a weekly workshop series.
Members of CeDEx are affiliated with international research institutions including CESifo network (Munich), the Institute for the Study of Labour (IZA Bonn), the MacArthur Research Network on Norms and Preferences and the Research network "Integrating Cooperation Research in Europe" (INCORE).
CeDEx has a network of distinguished external collaborators from economics and psychology including: Iris Bohnet (Harvard), Jordi Brandts (Barcelona), Martin Dufwenberg (Arizona), Armin Falk (Bonn), Ernst Fehr (Zurich), Glenn Harrison (Central Florida), Eric Johnson (Columbia), Daniel Kahneman (Princeton), Graham Loomes (UEA), John Morgan (Berkeley), Lise Vesterlund (Pittsburgh), Paul Slovic (Oregon), Robert Sugden (UEA), Eyal Winter (Jerusalem) and Richard Zeckhauser (Harvard).
Find out more information about the research interests of individual CeDEx faculty members (with links to their personal websites).
For further information on the Centre's activities, please contact CeDEx.
Theme 1: Methodology
Members of the Centre are involved in several projects with a methodological theme. Some of these projects are concerned with practical matters of how to extend and apply experimental research in new contexts. Other research focuses on more abstract and foundational questions about the role and scope of experimental economics research. Specific topics of current interest include:
- External validity
- Principles of theory testing
- Effects of decision framing
- Elicitation of time preferences
- Developing bio-physiological measurement techniques
- Road transportation problems
- Microfinance
- Experimetrics
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Theme 2: Individual decision making
Various members of the Centre are actively involved in research with a focus on individual decision making. This involves a range of theoretical and empirical work spanning topics in both static and dynamic choice. Topics of current research projects include:
- Developing and testing theories of reference-dependent risk preference
- Understanding loss aversion and the endowment effect
- The preference reversal phenomenon
- The impact of experience on stated preferences
- Testing dynamic choice principles
- Examining the role of regret in naturalistic choice settings
- Risk preferences in developing countries
- The role of affect in risky decision making
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Theme 3: Strategic decision making
Strategic decision making and the role of other-regarding preferences in a variety of setups is another major direction of research in the Centre. We do theoretical and empirical work on the following topics:
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