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Unraveling the foundations of economic behavior

At the heart of the Cen­ter is a com­mit­ment to ad­vanc­ing our un­der­stand­ing of the mech­a­nisms that dri­ve eco­nom­ic be­hav­ior and their con­se­quences for eco­nom­ic out­comes. A cen­tral fo­cus is the shared cog­ni­tive foun­da­tions of these be­hav­iors, par­tic­u­lar­ly in re­la­tion to at­ten­tion, mem­o­ry, and oth­er as­pects of in­for­ma­tion pro­cess­ing. Cog­ni­tive eco­nom­ics ex­am­ines how the de­mands placed on de­ci­sion-mak­ers — and the cog­ni­tive lim­i­ta­tions they face — shape key as­pects of eco­nom­ic be­hav­ior.

Us­ing in­no­v­a­tive method­olog­i­cal ap­proach­es and large-scale ex­per­i­men­tal and field data, we in­ves­ti­gate fun­da­men­tal ques­tions: What com­mon prin­ci­ples dri­ve hu­man be­hav­ior across eco­nom­ic con­texts? How do com­plex­i­ty and cog­ni­tive con­straints shape de­ci­sion-mak­ing and learn­ing?

We aim to fos­ter a dy­nam­ic, col­lab­o­ra­tive en­vi­ron­ment that at­tracts lead­ing schol­ars and emerg­ing re­searchers who share an ex­cite­ment for ques­tions re­lat­ed to the foun­da­tions of eco­nom­ic be­hav­ior.

Researchers

Thomas Graeber

Director of the NOMIS Center for the Cognitive Foundations of Economics at the University of Zurich

Short Bio

An em­pir­i­cal be­hav­io­ral and ex­per­i­men­tal econ­o­mist, Grae­ber’s re­search in­ves­ti­gates the de­ter­mi­nants and eco­nom­ic im­pli­ca­tions of bound­ed ra­tio­nal­i­ty and non­stan­dard pref­er­ences as sources of de­vi­a­tions from canon­i­cal mod­els. Us­ing large-scale ex­per­i­ments, field data, and mod­ern an­a­lyt­i­cal tools, he stud­ies the cog­ni­tive foun­da­tions of eco­nom­ic be­hav­ior – such as se­lec­tive at­ten­tion, mem­o­ry, and bound­ed ra­tio­nal­i­ty – and ex­am­ines how com­plex­i­ty and cog­ni­tive con­straints shape choice and learn­ing. His re­cent work also ex­plores how tech­no­log­i­cal progress and ar­ti­fi­cial in­tel­li­gence both in­flu­ence hu­man de­ci­sion-mak­ing and pro­vide new tools to study it. His re­search asks: Can some of the com­mon pat­terns ob­served in hu­man be­hav­ior be traced back to shared cog­ni­tive foun­da­tions?

Research Interests

Behavioral Economics, Experimental Economics

Personal Homepage

Prof. Graeber’s homepage at the Department of Economics UZH

NOMIS Pre-Doctoral Fellows

Contact

For general requests as well as for
press inquiries and requests as a speaker

Cor­nelia Met­zler
Phone+41 44 634 37 36
E-Mailcor­nelia.met­zler@econ.uzh.ch
 
Of­fice hoursMon­day to Thurs­day
Of­ficeZUH-G-07
 
Ad­dress

Uni­ver­sität Zürich
NOMIS Cen­ter for the Cog­ni­tive Foun­da­tions of Eco­nom­ics

Schön­berggasse 1
CH-8001 Zürich

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