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Market Behavior

Research Fields
  • Decision Making and Strategic Interaction
Director
Prof. Dr. Dorothea Kübler
Contact
Dorothea Kübler
Fon: 030 2549 1440
email: kuebler [at] wzb [dot] eu

Eva Kollecker
Fon: 030 2549 1440
Fax: 030 2549 1442
email: kollecker [at] wzb [dot] eu
Reichpietschufer 50
D-10785 Berlin

How well markets function determines not only material well-being but also access to education and work. The organization of a market and the rules governing it affect the behavior of market participants and therefore the market outcome. Moreover, psychological aspects of behavior play an important role, but they have been neglected so far in the context of markets. The researchers of this unit study individual behavior in strategic situations and the effects of bounded rationality and social preferences on the market outcome.