Russel Sage Foundation

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Neo-classical economic models are built on the simplifying assumption that people are generally capable of making economic decisions consistently to maximize their own interests. Over the last twenty-five years, the interdisciplinary field of behavioral economics has emerged to challenge this assumption. The Russell Sage Foundation was an early force in the development of this field, launching the Behavioral Economics program in 1986 as a joint activity with the Alfred P. Sloan Foundation. Read More

In 1992, the foundation launched the Behavioral Economics Roundtable, whose initial members were elected by participants in the program and given foundation support to devise activities designed to advance this new interdisciplinary field. The results were so consistently successful that the Roundtable became the foundation’s principal means of supporting behavioral economics until 2013. Read More

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Between 2009 and 2014, RSF, together with the Alfred P. Sloan Foundation, supported a Working Group on Consumer Finance and Behavioral Economics. Read More

Since 1994, the Russell Sage Foundation sponsors the Summer Institute in Behavioral Economics every other year. In recent years, the summer institute has been organized by David Laibson and Matthew Rabin (Harvard University) and held in Waterville Valley, New Hampshire. Read More