The Foundation’s Behavioral Economics program supports research that incorporates the insights of psychology and other social sciences into the study of economic behavior. Launched jointly with the Alfred P. Sloan Foundation in 1986, the program was instrumental in the development of this new interdisciplinary field. The Foundation supports the Behavioral Economics Roundtable, a consortium of leading researchers which provides a small grants program for exploratory research, a two-week summer workshop for younger scholars, research grants, and a book series for major works in behavioral economics.
Frederick Wherry, Kristin Seefeldt & Anthony Alvarez
Sociologists Frederick Wherry, Kristin Seefeldt and Anthony Alvarez will interview low-income immigrants and minorities participating in lending circles in San Francisco, focusing on how greater participation in mainstream financial services and lending circles help these groups make financial decisions and build assets and credit.
Eldar Shafir, Anuj Shah, Abby Sussman & Jiaying Zhao
Psychologists Eldar Shafir, Anuj Shah, Abby Sussman, and Jiaying Zhao will design interventions that examine the causal links between the psychological burdens of poverty, cognitive bandwidth in low-income individuals, and performance and decision-making.
Behavioral Economics Roundtable
Made up of 28 prominent behavioral economists, including 6 Nobel Prize winners, the Behavioral Economics Roundtable has become the Foundation’s principal means of supporting behavioral economics and currently sponsors three main activities: a small grants program for younger scholars undertaking behaviorally oriented research; a two-week summer workshop taught by Roundtable members for graduate students and junior faculty interested in entering this new interdisciplinary field; and a book series in a behavioral economics co-published by RSF and Princeton University Press.