NZEEL Distinguished Lecture 2012
Professor Simon Gaechter
What if (experimental) economists could understand how fairness considerations and social norms influence decision making? In this lecture Professor Gaechter will demonstrate that experimental economics can shed light on the 'social side' of human economic behaviour. With examples from labour market behaviour he will show how laboratory and field experiments can be used to understand how real people, not just homo economicus, behave, and how experiments can be used to predict what we should observe in relevant naturally occurring situations.
Simon Gaechter is currently a Professor of the Psychology of Economic Decision Making at the University of Nottingham, UK. He received his doctorate in Economics in Vienna. Before coming to Nottingham he worked at the Universities of Vienna, Linz, Zurich, and St. Gallen. He is also affiliated with the CESifo network (Munich), and the Institute for the Study of Labour (IZA Bonn). His main research interests are in the field of experimental and behavioural economics. He has long been interested in the role of social norms in economic decision making. His research draws on insights from psychology, sociology, anthropology and biology and uses methods from experimental economics to understand basic issues in the psychology of human cooperation. In recent years, he has also been interested in the role of cultural influences on norms of cooperation. His research has been published in Science, Nature, and economic journals such as the American Economic Review and Econometrica.