Read out

Events

No­bel Prize for Eco­nom­ics 2018 - The re­search be­hind the prize

What makes the re­search of the win­ner of the No­bel Prize for Eco­nom­ics 2018 so spe­cial and in­nov­at­ive? Just in time for the award ce­re­mony in Decem­ber, WU presents the work of this year's award win­ners Wil­liam Nord­haus and Paul Romer in an easy-to-un­der­stand man­ner, and dis­cusses the sig­ni­fic­ance and po­ten­tial ap­plic­a­tions of the award-win­ning work for science and prac­tice with ex­perts. The No­bel Prize is the highest honor that econom­ists can get. The Swedish Reichs­bank awards the prize to re­search­ers whose work fun­da­ment­ally changes their view of eco­nomic re­la­tion­ships. This year, Wil­liam Nord­haus was honored for his re­search on the re­la­tion­ship between cli­mate change and eco­nomic devel­op­ment and Paul Romer for his work on the in­ter­play of in­nov­a­tion and eco­nomic growth.

Present­a­tion & Dis­cussants: Present­a­tion and dis­cussants will be an­nounced soon.

Re­gis­tra­tion: here. (please note that the present­a­tion will be held mostly in Ger­man)

Co­oper­a­tion for Ex­ploit­a­tion Work­shop

This work­shop deals with the ten­sion that ar­ises when people have to co­oper­ate in order to ex­ploit oth­ers. Co­oper­a­tion-­based ex­ploit­a­tion dy­nam­ics are ob­served when thieves work in teams, when rul­ing co­ali­tions ex­clude oth­ers from re­sources, when rogue groups si­phon off the wealth of devel­op­ing coun­tries, and when the re­cip­rocal gift ex­change be­ha­vi­our of polit­ical el­ites re-­dir­ects the sur­plus of a developed na­tion into the hands of those el­ites. The work­shop aims to il­lu­min­ate many fa­cets of such pro­cesses, in­clud­ing how such group mem­bers can trust each other while at the same time be­hav­ing in an un­trust­worthy way to­wards oth­ers; how ex­ploit­at­ive co­ali­tions form, and what af­fects their sta­bil­ity; and how a so­ci­ety can design in­sti­tu­tions that dis­cour­age ex­ploit­at­ive co­oper­a­tion by sub­groups while still en­cour­aging so­cially be­ne­fi­cial co­oper­a­tion across the so­ci­ety as a whole. It is en­vi­sioned that con­tri­bu­tions to the work­shop will be meth­od­o­lo­gic­ally and con­cep­tu­ally di­verse.

Or­gan­izers: Gigi Foster (UNSW), Paul Frijters (LSE), Ben Greiner (WU Vi­enna)

Loca­tion: WU Vi­enna Cam­pus, Build­ing LC, Club room

Sched­ule

Th, 17 May 2018

10:00am Open­ing re­marks

10:15p­m-11:10pm

Talk 1: Re­becca Mor­ton (NYU NYC & Abu Dh­abi)

"Run­off Elec­tions in the Lab­or­at­ory"

11:10p­m-11:40pm Cof­fee break

11:40p­m-12:35pm

Talk 2: Roel van Veldhuizen (WZB Ber­lin)

"Be­ha­vi­oral Drivers of Dis­tor­ted De­cisions"

12:35p­m-02:00pm Lunch

02:00p­m-02:55pm

Talk 3: Gal­ina Zuden­kova (U Man­nheim)

"Party Dis­cip­line and Gov­ern­ment Spend­ing: The­ory and Evid­ence"

02:55p­m-03:25pm Cof­fee break

03:25p­m-04:20pm

Talk 4: Cameron Mur­ray (U Queensland)

"Chal­lenges of identi­fy­ing ex­ploit­at­ive co­oper­a­tion in the wild"

04:30p­m-05:30pm

Talk 5: Klaus Ab­bink (Monash U)

"En­for­cing self-segreg­a­tion: Ex­per­i­mental evid­ence"

7:00pm Work­shop din­ner at Heur­i­ger Sirbu

Fr, 18 May 2018

12:30p­m-01:30pm Lunch

01:30p­m-02:20pm

Quick talk ses­sion

Lisa Brut­tel (U Pots­dam)

"Car­tel form­a­tion in ex­per­i­ments with and without hu­man con­sumers”

Mi­los Fisar (Mas­aryk U Brno)

"The trade-off between wages and cor­rup­tion in a bribery ex­per­i­ment"

On­drej Kr­cal (Mas­aryk U Brno)

"Why do bystand­ers choose not to in­ter­vene to stop bul­ly­ing? A lab­or­at­ory ex­per­i­ment"

Nas­tas­sia Leszczyn­ska (U Brus­sels)

"Fair­ness con­cerns and cor­rupt de­cisions: an ex­per­i­mental ap­proach"

Ju­lien Senn (U Zurich): "Cor­rup­tion and co­oper­a­tion"

03:20am-02:45am Cof­fee break

03:45am-03:35am

Talk 6: Mi­chael Muthukrishna (LSE)

"Cor­rup­tion, Co­oper­a­tion, and the Evolu­tion of Proso­cial In­sti­tu­tions"

03:35p­m-03:50pm Break

03:50p­m-04:40pm

Talk 7: Joep Son­nemans (U Am­s­ter­dam, CREED)

"Join­ing a group or go­ing solo"

05:00pm Drinks at Die Allee, Prater

Vi­enna Be­ha­vi­oral Eco­nom­ics Net­work

The next meet­ing of the Vi­enna Be­ha­vi­oral Eco­nom­ics Net­work takes place on April 25th, 2018. The be­ha­vi­oral econom­ist Ber­til Tun­god­den will speak about "Wel­fare State, Re­spons­ib­il­ity, and Fair­ness“.

When: April 25th,2018 from 06:30pm to 08:00pm

Where: Oes­ter­reichis­che Na­tion­al­bank, Ot­to-Wag­n­er­-­Platz 3, 1090 Vi­enna

Please re­gister here!

Long Night of Re­search

The Center for Ex­per­i­mental Re­search will have a stand at the Long Night of Re­search next Fri­day.

When: Fri­day, April 13th, 2018 from 5pm to 10pm 

Where: Forum of the Learn­ing Center

What: vari­ous demos, in­clud­ing Facereader, eye-track­ing, mar­ket trad­ing on tab­lets, and "real-ef­fort" tasks

See you there!

In­vit­a­tion > Science Talk, April 16th, 2018

We wel­come you to join us at the Science Talk about "Evalu­ier­ung­szwang und Rank­ing­flut - Be­w­er­tun­gen im Fokus" on April 16th, 2018 at 7pm at the Aula der Wis­senschaften at Wollzeile 27a in the 1st dis­trict. 

Please be aware that the talk will be in Ger­man.  

Please re­gister here.

2017 European Meet­ing of the Eco­nomic Science As­so­ci­ation, 6-9 Sep

From 6 to 9 Septem­ber 2017, WU will host the European Meet­ing of the Eco­nomic Science As­so­ci­ation (ESA). Foun­ded in 1986, the ESA is a pro­fes­sional or­gan­iz­a­tion ded­ic­ated to us­ing con­trolled ex­per­i­ments to learn about eco­nomic be­ha­vior. ESA con­fer­ences have es­tab­lished them­selves as the most im­port­ant con­fer­ences in Europe and North Amer­ica on the use of ex­per­i­mental meth­ods in the field of be­ha­vi­oral and devel­op­ment eco­nom­ics. The ESA wel­comes par­ti­cip­a­tion by re­search­ers in­ter­ested in the res­ults of such ex­per­i­ments, in­clud­ing schol­ars in eco­nom­ics, psy­cho­logy, busi­ness, polit­ical science, and other re­lated fields. The 2017 European Meet­ing is jointly or­gan­ized by the newly es­tab­lished WU Com­pet­ence Center for Ex­per­i­mental Re­search (WULABS), the In­sti­tute for Mar­kets and Strategy (Prof. Greiner), and the In­sti­tute for Pub­lic Sector Eco­nom­ics (Prof. Saus­gruber). The con­fer­ence cov­ers a num­ber of top­ics from be­ha­vi­oral and ex­per­i­mental eco­nom­ics that are of great im­port­ance for present and fu­ture re­search in the field of eco­nom­ics. We ex­pect around 280 par­ti­cipants, mainly from main­land Europe and the UK, and present­a­tions of around 250 pa­pers.

The con­fer­ence web­site is avail­able here: http://esa2017.wu.ac.at

and the de­tails con­fer­ence pro­gram can be ac­cessed here: http://esa2017.wu.ac.at/pro­gram.php

Com­pet­ence Center for Ex­per­i­mental Re­search and the WULABS Open­ing on May 3rd, 2017

How sens­it­ive do con­sumers re­act to a brand when the me­dia re­ports neg­at­ively about their ad­vert­ising? Which tax sys­tem would cit­izens choose if they could vote on it dir­ectly? In the fu­ture, WU re­search­ers will in­vestig­ate these and many other ques­tions in the lab­or­at­ory of the new Com­pet­ence Center for Ex­per­i­mental Re­search, which will be opened at 5 pm next Wed­nes­day, May 3rd, 2017. After in­tro­duct­ory words from the Vice­rector for Re­search Stefan Pichler and the present­a­tion of the lab­or­at­ory, guests can ex­per­i­ence ex­per­i­mental re­search up close and try their hand at ex­per­i­ments. All WU mem­bers are very cor­di­ally in­vited!

 

The new "Com­pet­ence Center for Ex­per­i­mental Re­search" as well as the new WULABS un­der the lead­er­ship of Ben Greiner, Ber­na­dette Kam­leit­ner and Rupert Saus­gruber will unite the already ex­ist­ing equip­ment for ex­per­i­mental re­search at the WU and ex­pand it with a new large re­search lab­or­at­ory. The ad­di­tional in­fra­struc­ture is fun­ded by the Fed­eral Min­istry of Science and Re­search within the frame­work of the Uni­versit­ies' Struc­tural Pro­gram and op­er­ated by the WU Com­pet­ence Center in co­oper­a­tion with the In­sti­tute for Ad­vanced Stud­ies.

This way, WU is strength­en­ing its re­search in­fra­struc­ture and con­tent ori­ent­a­tion in a par­tic­u­larly in­nov­at­ive area of ​​eco­nomic and busi­ness re­search. "In re­cent years, the method of ex­per­i­mental re­search has es­tab­lished it­self in many areas of busi­ness ad­min­is­tra­tion and eco­nom­ics, and even in the legal sciences. At the WU Com­pet­ence Center for Ex­per­i­mental Re­search, re­search­ers from the fields of fin­ance, man­age­ment, mar­ket­ing, strategy and in­nov­a­tion, eco­nom­ics and busi­ness in­form­at­ics are work­ing to­gether to in­vestig­ate key eco­nomic is­sues in an ex­per­i­mental way, "said Pro­fessor Ben Greiner in a press re­lease on the oc­ca­sion of the open­ing.

 

When: May 3rd, 2017, 5pm

Where: Cam­pus WU, Build­ing D2, En­trance D, Ground Floor

 

Please re­gister by send­ing an email to andrea.pusch@wu.ac.at  and we are look­ing for­ward to meet­ing you.

Work­shop of the Aus­trian Ex­per­i­mental Econom­ists on May 5th, 2017

The work­shop of the Aus­trian Ex­per­i­mental Econom­ists will take place on May 5th, 2017 at the WU Vi­enna in the meet­ing room D4.2.008. If you are in­ter­ested, please con­tact Ms Birn­bauch: Mar­tina.birn­bauch@wu.ac.at.