Description of the Research Group Economic Cognition
The group‘s work focuses on the underlying cognitive and motivational aspects involved in decisions in an economic context. Our research aims at investigating information search and integration in a wide range of situations involving interdependent and strategic decision-making. To this end, we bring together insights from psychology and economics. Methodologically, we integrate tools and research paradigms from both fields to advance and integrate the respective theories.
In order to capture the underlying mechanisms, we employ process measures (i.e., eye-tracking, skin conductance) which provide rich information about where, when, and in what order people attend to information, in real time. These process measures continually make information intake transparent, thus capturing the dynamics of complex processes such as decision-making. Using process-tracing methods, our projects broaden our understanding of the interplay of individual and situational factors affecting decision behavior. We focus on two major challenges: (1) understanding the underlying cognitive and affective processes leading to a choice; and (2) identifying the channels through which situational as well as personality factors operate.