A portrait of the institute
The institute is interested in the effect of behavior on the cohesion of state and society. What behavior can institutions expect, and what behavior should you expect? In what ways do institutional interventions influence the behavior of those to whom they are directed? The institute has three divisions: Behavioral Law and Economics (Engel); Experimental Economics (Sutter); and Market Design and Behavior (Ockenfels). The research areas include the formation of economic preferences, team decisions, the analysis of credence goods, the reconstruction of normative problems from a behavioral perspective, the design of markets and institutions, and people's reactions to virtual agents.