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.
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
Th, 17 May 2018
10:00am Opening remarks
Talk 1: Rebecca Morton (NYU NYC & Abu Dhabi)
"Runoff Elections in the Laboratory"
11:10pm-11:40pm Coffee break
Talk 2: Roel van Veldhuizen (WZB Berlin)
"Behavioral Drivers of Distorted Decisions"
Talk 3: Galina Zudenkova (U Mannheim)
"Party Discipline and Government Spending: Theory and Evidence"
02:55pm-03:25pm Coffee break
Talk 4: Cameron Murray (U Queensland)
"Challenges of identifying exploitative cooperation in the wild"
Talk 5: Klaus Abbink (Monash U)
"Enforcing self-segregation: Experimental evidence"
7:00pm Workshop dinner at Heuriger Sirbu
Fr, 18 May 2018
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
Talk 6: Michael Muthukrishna (LSE)
"Corruption, Cooperation, and the Evolution of Prosocial Institutions"
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
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
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.
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 firstname.lastname@example.org 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.email@example.com.