Modern economic theory is built on a model of individual choice that assumes perfectly rational (optimizing) behaviour in parametric and strategic decisions. Over the last three decades the economic theory of choice has been enriched by contributions coming from neighbouring fields such as cognitive and neuro-science, with the aim to provide a more realistic account of human behaviour. The members of this area of research work on the foundations of choice theory and its applications in various fields of economics. Their research makes use of theoretical as well as empirical methods, stretching across the boundaries with psychology, philosophy, and the history of science. The results of their research have appeared in top international journals such as the Journal of Economic Theory, Economic Journal, Management Science, Journal of Risk and Uncertainty, Games and Economic Behavior, Experimental Economics, as well as interdisciplinary outlets such as the Journal of Agricultural Economics, Food Policy, Economics and Philosophy, History of Economic Ideas, Behavioral & Brain Sciences.
Risk and time preferences; impulsivity; cooperation and coordination; social preferences; group identity; philosophy and methodology of economics; general equilibrium theory; asymmetric information and incomplete markets; time preferences, information and food behaviour.
- Daniel Voelkening