The aim is to characterize the nature of "debiasing" institutions, in reference to intertemporal decisions. Many agents exhibit biases in decision-making and economists need to take that into account when designing institutions. A desirable property of institutions is to be able to deliver a satisfactory and possibly optimal group decisions in spite of individual fallibility. Adopting this view has a great potential of generating innovative contributions. The experimental literature has uncovered many "anomalies" in decision-making, situations where actual choices are systematically different from-perdictions of the standard models.
|Effective start/end date||19/10/01 → 18/10/03|
- European Commission: €112,408.00