Confronting Decision Theory with Experimental Data and Vice Versa

About the course

The goal of the course is to review the intersection of theoretical and experimental research on preferences for personal and social consumption and attitudes toward risk, time, and inequality.

These preferences and attitudes are important inputs into any broader measure of social welfare and enter virtually every realm of individual decision-making. This research's fundamental contributions to understanding these preferences and attitudes will therefore have broad-reaching implications for human interactions.

Developing appropriate methods for appropriately confronting the basic theory of choice with empirical or experimental evidence has implications in many areas of economic theory and policy. This knowledge is obviously important for the formulation of economic policy, but it has implications for a host of applications beyond economics.

Finally, the entire apparatus that will be discussed -- theory, experimental methodology, and econometric methods for linking theory to data -- can provide useful tools in a range of fields interested in examining individual choices.


Term paper due 6 weeks after the course ends.
September 30th

ECTS Credits: 5


The program includes lectures from Shachar Kariv, student presentations and dinner. Detailed program will come soon.


Send an email to including the following:

  • Full name
  • Affiliation/University
  • You must upload a copy of one of the following documents for assessment of your qualifications (Remember to ensure that all documents are uploaded as PDFs):
    • Documentation of admission in the PhD programme at your home university or
    • Documentation of Research Scholar Position (contract/PhD agreement) or
    • Degree certificate and transcripts of grades (master/PhD level)

Application deadline: April 14th, 2023

If your application is accepted, you will receive an offer of admission by e-mail by April 28, 2023. Please note that all information regarding your application and/or admission is sent to the e-mail address provided in the application.