My current research focuses on behavioral anomalies and public and environmental goods. This work brings the new understanding of economic behavior derived from laboratory economics experiments and psychology to the design of economic institutions and mechanisms. Applications include the design o...
My current research focuses on behavioral anomalies and public and environmental goods. This work brings the new understanding of economic behavior derived from laboratory economics experiments and psychology to the design of economic institutions and mechanisms. Applications include the design of electric power markets, ways of increasing contributions for public and charitable goods, methods for reducing stigma associated with hazardous materials and sites, and mechanisms for reducing non point source pollution. A new research initiative growing out of the stigma research (which highlighted the influence of disgust and fear as opposed to reason on behavior), will be to explore the role of emotion in economic decision-making. This new research will be in collaboration with other investigators in AEM including Brian Wansink and Harry Kaiser.