Julen Hernandez Lallement, Katarina Kuss, Peter Trautner, Bernd Weber, Armin Falk, and Klaus Fliessbach Center for Economics and Neuroscience, University of Bonn, Nachtigallenweg, 53113 Bonn, Germany, Department of Comparative Psychology, Institute of Experimental Psychology, Heinrich-Heine University Düsseldorf, 40225 Düsseldorf, Germany, Department of Epileptology, University Hospital Bonn, S...

Although much attention has already been devoted to the benefits of extracurricular activities (ECAs) in general – both from a developmental and from a social perspective – little time has been devoted to a complete academic study of the effects of university ECAs in particular. This review draws on insights from psychology, social psychology, economics and sociology in an attempt to develop a ...

Firms spend billions of dollars each year advertising consumer products in order to influence demand. Much of these outlays are on the creative design of advertising content. Creative content often uses nuances of presentation and framing that have large effects on consumer decision making in laboratory studies. But there is little field evidence on the effect of advertising content as it compa...

The work cited by the Nobel committee was done jointly with Amos Tversky (1937-1996) during a long and unusually close collaboration. Together, we explored the psychology of intuitive beliefs and choices and examined their bounded rationality. Herbert A. Simon (1955, 1979) had proposed much earlier that decision makers should be viewed as boundedly rational, and had offered a model in which uti...

Conceptual priming has become an increasingly popular tool in economics. Here, we review the literature that uses priming in incentivized experiments to study economic questions. We mainly focus on the role of social identity, culture, and norms in shaping preferences and behavior. We also discuss recently raised objections to priming research and conclude with promising avenues for future rese...

Author details Department of Care for the Elderly, Betsi Cadwaladr University Health Board, Llandudno, UK. North Wales Organisation for Randomised Trials in Health (NWORTH), Bangor University, Brigantia Building, Penrallt Road, Bangor, LL57 2AS, UK. School of Psychology, Bangor University, Bangor, UK. Division of Mental Health and Learning Disabilities, Betsi Cadwaladr University Health Board, ...

An evolutionary perspective offers many new insights in the study of group dynamics. First, groups are an inevitable aspect of human evolution, suggesting that humans have evolved a range of psychological mechanisms to deal with specific challenges of group living. Second, an evolutionary perspective combines and integrates knowledge from different social science disciplines such as psychology,...

The field of modern financial economics assumes that people behave with extreme rationality, but they do not. Furthermore, people’s deviations from rationality are often systematic. Behavioral finance relaxes the traditional assumptions of financial economics by incorporating these observable, systematic, and very human departures from rationality into standard models of financial markets. We h...