SFB 504:
Rationality concepts, decision behavior,and economic modelling
Subject Area
Social and Behavioural Sciences
Term
from 1997 to 2008
Project identifier
Deutsche Forschungsgemeinschaft (DFG) - Project number 5480911
The program of the collaborative research centre 504 comprises the theoretical foundation, empirical analysis and economic application of behavior which cannot be described by standard expected utility theory. This research program involves projects from three different disciplines: business administration, economics, and social psychology.It has long been recognized that while theoretically appealing in many respects, the standard paradigm of rational behavior is too restrictive to be useful in the analysis of human decisions in many real-world situations. We therefore want to study models based on real behavior. Some of these models take into account the cognitive limitations of the decision-maker, i.e. limitations of both knowledge and analytical or computational capacity. Some other models imply optimization procedures which are able to describe a set of behavior richer than that described by expected utility. The collaboratie research centre 504 addresses the foundation and application of behavior in three interdependent projects: Researchers involved in the collaborative research centre analyze the cognitive process of individual decision-making mainly in experimental studies (Projectgroup A), they investigate various concepts of decision-making in economic applications (Projectgroup B), and they assess the implications of a richer set of behavior in different institutional contexts such as organizations or markets (Projectgroup C). It is hoped that this research effort will eventually lead to a better understanding of human decision-making in general, and to an improved ability to analyze the influence of the actual decision-making process on the decisions that are eventually reached in real-world situations.
DFG Programme
Collaborative Research Centres
Completed projects
-
A2 - Problemrepräsentation bei Entscheidungen
(Project Head
Bless, Herbert
)
-
A3 - Abweichungen von normativer Rationalität. Entscheidungsprozesse als "prototypematching"
(Project Head
Hassebrauck, Manfred
)
-
A5 - Handlungswissen, emotionale Zustände und Entscheidungsverhalten
(Project Head
Fiedler, Klaus
)
-
A6 - Hindsight Bias und Entscheidungen
(Project Head
Stahlberg, Dagmar
)
-
A07 - Bildungsaspiration, Bezugsgruppen und Bildungsentscheidungen
(Project Head
Esser, Hartmut
)
-
A08 - Subjektive Erfahrungen als Urteils- und Entscheidungsgrundlage
(Project Heads
Bless, Herbert
;
Stahlberg, Dagmar
)
-
A09 - Erwartungsbildung und Wahlentscheidung
(Project Heads
Gschwend, Ph.D., Thomas
;
Pappi, Franz Urban
)
-
A10 - Intuitive und reflexive Nutzung von Handlungswissen in Entscheidungen
(Project Heads
Fiedler, Klaus
;
Plessner, Henning
)
-
A12 - Kognitive Determinanten von Gedächtnisurteilen und ihr Einfluss auf Entscheidungen
(Project Head
Erdfelder, Edgar
)
-
A13 - Pseudokontingenzen - Die Rolle einer lange unentdeckten kognitiven Illusion bei ökonomischen Entscheidungen
(Project Heads
Fiedler, Klaus
;
Freytag, Peter
)
-
B01 - Neoklassische und behavioristische Ansätze zur Erklärung von Spar- und Portefeuille-Entscheidungen der Haushalte im Lebenszyklus
(Project Head
Börsch-Supan, Ph.D., Axel
)
-
B2 - Risiko-/WErtanalyse privater Alterssicherungsentscheidungen
(Project Head
Albrecht, Peter
)
-
B04 - Unsichere Präferenzen und Märkte
(Project Head
Weber, Martin
)
-
B5 - Verhaltensauswirkungen von Kundenzufriedenheit
(Project Head
Homburg, Christian
)
-
B6 - Modellierung von Erwartungen im makro- und mikroökonomischen Kontext
(Project Head
Kirchkamp, Oliver
)
-
B7 - Optimale vs. heuristische Entscheidungsregeln in dynamischen Entscheidungssituationen
(Project Head
Winter, Joachim
)
-
B08 - Behavioristische Industrieökonomik
(Project Head
Oechssler, Jörg
)
-
B09 - Risikoverhalten, Unternehmensbewertung und das Design von Management-Vergütungsverträgen
(Project Head
Maug, Ernst
)
-
C2 - Verfahrensrichtlinien, Entscheidungen in Organisationen und organisatorisches Lernen
(Project Head
Kieser, Alfred
)
-
C04 - Evolution von Konventionen
(Project Head
Berninghaus, Siegfried
)
-
C5 - Effiziente Marktmechanismen und Marktstruktur
(Project Head
Moldovanu, Benny
)
-
C6 - Die Ausgestaltung von Kontrollkompetenzen in ökonomichen Beziehungen
(Project Head
Hellwig, Ph.D., Martin
)
-
C07 - Ökonomische Analyse rechtlicher Rationalitätskonzepte auf Kapitalmärkten
(Project Heads
Simons, Dirk
;
Wüstemann, Jens
)
-
C08 - Strategische Unsicherheit in ökonomischen Modellen
(Project Head
Eichberger, Jürgen
)
-
C09 - Struktur, Organisation und Kontrolle von Verhalten auf Finanzmärkten
(Project Head
von Thadden, Ernst-Ludwig
)
-
Z01 - Zentrale Aufgaben des Sonderforschungsbereichs
(Project Head
Börsch-Supan, Ph.D., Axel
)
-
Z02 - Zentrales Experimentallabor
(Project Head
Börsch-Supan, Ph.D., Axel
)
