Biased beliefs in dynamic decisions: extensions to policy and communication (A02)

The project focuses on the dynamic nature of expectations of individuals and households. Much of the project’s completed research in the second funding period concerns human capital accumulation and financial investments, combining the empirical approaches of structural modelling and causal inference with those in laboratory and survey experiments. In the third funding period, the project team will extend this work to new policy domains: monetary policy, pension policy and climate policy. In some of the project’s studies, a special emphasis lies on policy communication and its relation with behavior of households.

DFG Programme CRC/Transregios

Subproject of TRR 190:  Rationality and Competition: The Economic Performance of Individuals and Firms

Applicant Institution Ludwig-Maximilians-Universität München

Project Heads Professor Dr. Christoph Breunig, until 12/2020; Professor Dr. Peter Haan; Professor Georg Weizsäcker, Ph.D.; Professor Dr. Mirko Wiederholt