Frequently Asked Questions (FAQs) About Small Awards in Behavioral Economics

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Who is eligible to apply?

Applicants must be advanced doctoral students or post-docs/junior (non-tenured) faculty members who have been out of graduate school for two or fewer years. All nationalities are eligible to apply.

What do we support?

The Small Awards in Behavioral Economics support projects that examine how cognitive biases, mental rules of thumb, interpersonal relationships and social networks and norms can cause real-life economic decisions to deviate from the standards of rational, self-interested maximization. There are no limitations on the disciplinary background of the principal investigator, and the proposed research may address any economic topic. However, projects must contribute to the Foundation's mission to improve the social and living conditions in the U.S. Interdisciplinary efforts are welcome. Appropriate projects must demonstrate explicit use of behavioral concepts in the motivation of the research design and the preparation of the results. Experimental projects which do not have substantial behavioral content (such as market experiments testing neoclassical ideas) or substantial economic content (such as psychology experiments with no economic choices or strategic or market implications) will not be funded.

Do you fund projects in other countries?

No. In line with the foundation's mission, all projects must focus on the United States. In some exceptional cases, the foundation may consider an experiment in another country if the researcher can demonstrate that the experiment is not feasible in the U.S. (e.g. data needed for the project is not available) but using international data has direct and strong relevance to issues relating to improving social and living conditions in the U.S.

Do I have to submit a letter of inquiry before submitting an application?

No, applications do not require an initial letter of inquiry.

Are there deadlines for submitting an application?

No, applications are accepted on a rolling basis.

What should my application include?

  • Completion of the online forms
  • The proposal
  • A simplified budget (preferably in spreadsheet format)
  • Applicant CV(s)
  • A letter from your home institution stating that they will act as a fiscal agent for the
    proposed project
  • A letter of recommendation from faculty advisor (doctoral students only)
  • Official transcripts (doctoral students only).

How long should my proposal be?

The maximum length for the text of a proposal is 1,000 words, excluding budget and bibliography.

What should my proposal substantively include?

Proposals should outline the basic rationale of the research, the question(s) under study, and the methods and analytic approach to be employed. You should also include a brief project work-plan and a budget justification or narrative that succinctly explains and clarifies the budget.

What are the budget restrictions?

There is a $7,500 lifetime limit of support. No overhead or indirect costs will be paid on these awards.

Representative categories of expenditure include the acquisition of data, the purchase of data sets, research assistance (but not including payment to any researchers who will be co-authors on the project), payment to subjects in experiments, miscellaneous expenses (such as copying, telephone, postage). No funds will be granted for researchers' time. No more than $500 can be allocated to miscellaneous expenses. No funds can be spent on computer hardware or software.

A budget that appears to be excessive will be grounds for rejecting a proposal.

How long does the application review take?

Proposals will only be reviewed once all application components have been received. Applications are generally reviewed within 6-8 weeks.

If my application gets rejected, can I revise and resubmit?

No, awards will be accepted or rejected with no possibility of subsequent negotiation.

Do I have to use the online application system?

Yes. However, you may request an exception by contacting us at programs@rsage.org if you wish to submit an application in a different format. Using the online application system expedites the process greatly.

Is there a time limit in which I must submit my proposal once I start an application online?

Yes. If a new application is not electronically submitted within 6 months, the application will automatically be deleted from the online system and you will need to restart the process.

Click here for detailed information about eligibility requirements and guidelines.

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