Behavioural and experimental economics
LISER started investing in behavioural and experimental economics in 2015, with the creation of 'LISER-LAB' which is comprised of a state-of-the-art laboratory facility with 32 networked computers and a subject pool of about 1000 university students, to run economics experiments.
LISER's Centre for behavioural and experimental economics was established in 2019 with the objective is to:
- Generate first-class academic research that can be of interest not only to academic researchers, but also to national and international policymakers. To pursue this objective, the Centre's is establishing long-term partnerships with public- and private-sector players that will allow researchers to co-produce research with non-academic partners and to pursue activities of grant-seeking.
- Broaden the spectrum of experimental methods at LISER by creating a platform to conduct large-scale online experiments, using members of the general population resident in Luxembourg as research participants.
- Maximise international visibility by positioning the Centre and LISER within a rich academic network, comprised of international centres of excellence in experimental and behavioural economics.
Researchers' interests span from the study of morality and social norms, and their interaction with the intuitional and cultural environment in which they operate, to the behavioural biases that affect labour market participation and outcomes (particularly in relation to gender issues). The group has a history of publications in several top-class academic journals, including American Journal of Political Science, Econometrica, Economic Journal, European Economic Review, Experimental Economics, Games and Economic Behavior, Journal of Economic Behavior and Organization, Journal of the European Economic Association, Journal of Public Economics, Management Science and Proceedings of the National Academy of Sciences.