Galatasaray University Center for Economic Research hosts the Behavioural and Experimental Economics Lab (GIAM-BEE) since 2020. Behavioural and experimental approaches have become increasingly important in economic research and policy making and our lab is contributing to the domain with research activities, teaching and policy applications involving controlled experiments.
Economic agents were long represented as rational decisions makers in standard economic analysis however, there are anomalies defying this interpretation. Behavioural economics provides an alternative analysis by incorporating insights from psychology, sociology to take into account driving forces and biases in decisions. As the field is interdisciplinary, our lab welcomes researchers and students from economics, psychology, political science, and management. aims at shedding light on the driving forces, biases, and motivations behind the decisions of economic agents, including investors, borrowers, consumers, and institutions, exploring the limits of rationality in such decisions and their effects upon markets, policies, and resource allocation. Among the aspects to be examined are the roles of social preferences as well as boundedly rational behavior in decisions under uncertainty and intertemporal choice.